Anthem AZ 85086 – Market Report – September 2012

Anthem, AZ 85086 – Market Report September 2012

homes for sale in Anthem, AZ 85086

Total Active listings are up 19.4% over the past 60 days and that is good news for buyers looking for a home in Anthem.

Lender Owned (REO) and Short Sales (SS) make up less than 18% of Total Actives.

Lender Owned and Short Sale properties are continuing to decline as a percentage of Total Actives and that is good news.

Lender Owned (REO) and Short Sale (SS) prices are virtually unchanged month over month.Short Sale prices are up slightly over the last 60 days.

Even though Short Sales are still a challenge to close they are becoming a more popular option for lenders and buyers than foreclosure. Buyers usually find short sales to be in much better condition than foreclosed properties and lenders, despite the processing challenges, usually end up receiving a greater percentage of the original note.

Normal Sale prices are unchanged over the last 60 days and up 15% over the past five months.

  • Median Price of Anthem Homes Closed 08/30/2012 to 09/30/2012 was $213,900.

  • Average Price of Anthem Homes Closed 08/30/2012 to 09/30/2012 was $251,661.

What does this mean for buyers and sellers in Anthem, AZ 85086 :

  1. If you are thinking of buying a home in the next two to three years, don’t wait, prices will continue to rise. Buy now.
  2. If you are thinking of selling your home in 2012 list it now, competition is at an all- time low.
  3. If you are considering a short sale list your home now and complete the sale before the end of the year to avoid possible tax consequences.
  4. If you are considering moving from a smaller to a larger home there has never been a better time to do so. Smaller homes are selling quickly and in many cases above list price while there are still some great bargains available in homes larger than 3000 sq.ft.

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Work with a REALTOR who truly understands the Anthem, AZ 85086 Market E-mail or call (602) 793-1627.

Whether you are buying or selling a home in Anthem, AZ 85086  I offer a free customized market report. As an informed buyer or seller you’ll make better decisions.

All content in this post is protected by copyright. © Nancy Laswick 2012. All Rights Reserved.

Please Note:All statistics and figures are reported from the Arizona Regional Multiple Listing Service (ARMLS) and/or The Cromford Report and are deemed to be reliable, but cannot be guaranteed for accuracy. It is recommended that any information of special interest be verified through independent sources.