Anthem, AZ The Villas Real Estate Market Report - Aug. 2018
By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Villas real estate market slumped in August. Only 1 home closed escrow in The Villas during the month, 2 less than June. There are currently 3 homes on the market in The Villas. However, there are no homes currently under contract. The 12 month moving average price, $183,827 continues to ratchet up and is up 16% versus August 2017. Here are the latest stats for the month ending 8/31/18:Active Listings: 3Homes Pending: 0Homes sold in last 90 days: 1 (Down 67% from July '18, Down 50% from Aug. '17)Burn rate (Inventory on market / by homes currently under contract) = N/AAvg. Sale price (Solds): $215,000 (Up 10% from July '18, Up 41% from Aug. '17)Avg. price per sq. ft. (Solds): $134.21 (Down 6% from July '18, Up 6% from Aug. '17)Avg. Days on Market (Solds): 48 (Up 9% from July '18, D...