Thursday, August 19, 2010
Anthem Inventory
We are at all time low inventory in Anthem. There are 300 active listings but only 207 active listings without contingencies. In a normal market, usually 5 percent of the totals number of homes are for sale. With ~18,000 homes, you can see the numbers would indicate that it is a seller's market. However, as we know most people are upside down in their homes. This why the Anthem market is 70 percent short sales. Eventhough people dislike short sales, it might be your only choice. Also, you tend to get a better deal than foreclosures. Foreclosures tend to bring a sale price over list based on the number of people bidding on the property.
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