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National Market Conditions
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise

The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.

The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.

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Fall 2018 Market Update
Anthem is an amazing and beautiful community. Tucked away from the city yet with easy access to shopping, restaurants, and freeway access. With top rated schools in the Las Vegas Valley, Anthem is a sought after community. Waterfalls frame the entrance of this hilly community. Parks and hiking trails are a big part of the Anthem community. Anthem has many different types of housing and neighborhoods these include; Coventry at Anthem, this is an all age community with apx. 1200 single family residents. This community has the amazing McCullough trail system in its back yard! Anthem Country Club is a guard gated community with a private golf course, a large community pool with outdoor space for parties a workout facility and clubhouse. Anthem also has 2 age qualified (55+ ) communities. The first one is Sun City Anthem with over 7500 single story homes. 3 club houses, a state of the art wood shop, 2 golf courses and much more. The 2nd one is Solera At Anthem with apx. 1200 homes a clubhouse and community activities. Anthem highlands is another all age community that has many parks, trails and excellent schools. There are both 1 and 2 story homes offered for sale.
Average Sold Home Price: $400,000

Average Time on Market: 10-30 days

Best Selling Price Range: $400,000 - $449,000

Existing Home Prices for the past 90 days: No Change

Market Trend: Decreasing

Buyer's or Seller's Market: More sellers than buyers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Las Vegas

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Tracy Drown
702-245-9341
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Mortgage Rates for Dec 15th, 2018
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Tracy Drown Tracy Drown
RE/MAX Advantage
Specializing in Anthem-Henderson Real Estate
10075 S Eastern, Ste 103
Henderson, Nevada 89052
702-245-9341
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Tracy Drown for current Anthem-Henderson, NV market conditions before acting on this information.)
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