The average prices of existing homes sold rose yet again in August, compared to the year prior, across most of NoPho, the I-17 corridor from Norterra to New River. Price per square foot went up in all five zones year-over-year.
A dwindling supply is contributing to the price hikes. Inventory, a measure of how many months it would take to sell all homes currently listed given the current pace, dropped yet again in all five zones in August compared to July. The inventory is historically low in all zones, and barely existent in Anthem Parkside and the Tramonto and Sonoran Foothills zone. Details by zone:
The picture is notably different nationally, where inventory was at a 4.2-month supply at the end of July, the most recent month reported by the National Association of Realtors. One fact holds true across the country and locally: “Clearly, the inventory of moderately-priced homes is inadequate,” said Lawrence Yun, NAR’s chief economist.
Homes for Sale in 85085, 85086 & 85087
Prickett Realty, serving Anthem & North Phoenix
The median price for all existing homes sold nationwide was $280,800 in July, up 4.3 percent from a year ago.
Here’s a sneak peek at some of the homes we have “coming soon” in this incredibly tight market:
Pool with Swim-up Snack Bar!
Upgraded Majesty model on cul-de-sac with lovely landscaping.
W St. Exupery Court, Anthem Parkside
4 BEDS + CASITA | 3.5 BATHS | 2-CAR GARAGE | 2,915 SQFT | $455,000
Upgraded Patio Home!
Master on 1st floor, premier end-lot overlooking green space! Close to school, park, shopping.
W Murfield Court, Anthem Paseo
4 BEDS | 2.5 BATHS | 2-CAR GARAGE | 1,772 SQFT | $269,000
NEW POOL and Sweeping Views!
End of quiet cul-de-sac, backyard faces east at Anthem’s edge.
N Long Landing Court, Anthem Country Club
4 BEDS + CASITA | 4.5 BATHS | 2-CAR GARAGE | 3,556 SQFT | $590,000
Large View Lot Near 1st Gate!
Bennington with 14-foot ceilings, fireplace, no homes behind!
N Moss Springs Road, Anthem Country Club
3 BEDS | 2.5 BATHS | 3-CAR GARAGE | 2,542 SQFT | $440,000
Stunning Backyard + RV Parking!
Spacious Wonder model on east-facing view lot with 3-car garage and paved RV Parking.
N 50th Drive, Arroyo Grande
4 BEDS + Office + Teen Room + “Attic” | 3.5 BATHS | 3-CAR GARAGE | 4,009 SQFT | $449,000
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