2020-06-01
Weekly Anthem Real Estate Numbers Update 5/31/2020

Homes Sold in Anthem for the last 30 days (including Arroyo Grande)

 

PARKSIDE

 

Homes Sold: 53

Av. List Price: $396,019

Av. Pending Price: $366,593

Av. Sold Price: $366,483

Av. Sold Price Per sq ft: $164.66

Av. Sold Agent Days on Market: 39

Total listed as “Active”: 36 (incl. CCBS/UCB): 72

Closing Price average is 99% to list price.

Active Inventory: 0.68

Total Inventory: 1.36

 

COUNTRY CLUB

 

Homes Sold: 15

Av. List Price: $510,111

Av. Pending Price: $546,386

Av. Sold Price: $481,297

Av. Sold Price Per sq ft: $174.66

Av. Sold Agent Days on Market: 64

Total listed as “Active” 32 (incl. CCBS/UCB): 46

Closing Price average is 98% to list price.

Active Inventory: 2.13

Total Inventory: 3.07

 

Total (All Anthem) Months of Active Inventory: 1.74 months.

 

Source: AZ Multiple Listing Service. Information is believed to be accurate but is not guaranteed.

 

National Overnight Averages: Mortgage rates are 3.15% for 30 year fixed and 2.62% for a 15 year fixed.

 

The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history, breaking the record for the third time in just the last few months. These unprecedented rates have certainly made an impact as purchase demand rebounded from a 35 percent year-over-year decline in mid-April to an 8 percent increase as of last week—a remarkable turnaround given the sharp contraction in economic activity. Additionally, refinance activity remains elevated and low mortgage rates have been accompanied by a $70,000 decline in the average loan size of refinance borrowers this year. This means a broader base of borrowers are taking advantage of the record low rate environment, which will benefit the economy.

 

Source: Freddiemac.com












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