July 2013
AHWATUKEEMONTHLY Ahwatukee Monthly is a monthly publication of the Ahwatukee Real Estate Market. This publication is published by Dorette Oppong-Takyi, a Real Estate Professional licensed in the State of Arizona. She lives in Ahwatukee and services the Ahwatukee Area as well as other parts of the Greater Phoenix Area. This Real Estate Market Update is based on information from homes priced for sale in Ahwatukee at $599,999 and below. To receive an update for a specific subdivision, area or price range, please contact her, using the information on the back of this publication.
More Homes been bought in Ahwatukee with Mortgages & Loans than Cash! Number of Homebuyers using ALL CASH is down The number of homes sold in Ahwatukee this past month of June was slightly less than the previous month. We also saw about 18% less than the number of homes sold in June last year (2012). This past month, in June 2013, we had 164 homes
Method of Payment used for Purchases
June 2013
June 2012
Cash
47
60
Conventional Loans
95
96
FHA loan
24
38
selling in all 3 Ahwatukee zip codes compared to 197 sold homes in June 2012 Even though the number of buyers purchasing homes with an FHA loan has decreased by about 37% compared to last year, Ahwatukee saw more buyers using FHA loans to purchase their home than in May of this year. Most of the home buyers using FHA loans, purchased homes priced between $200,000 and $299,999 with a few at $300,000 to $399,999 as well as $100,000 to $199,999. In Maricopa County, the current maximum loan limit for a FHA loan is $346,250 as of November 19, 2012.
This is why we are seeing home buyers purchase with FHA loans at these price bands. The number of home buyers who purchased homes in Ahwatukee using cash only also reduced this month. Those using conventional loans stayed about the same as last month. Ahwatukee also saw an increase in luxury home sales (10 homes sold) in June 2013 compared to only 6 in June 2012 but still less than the 14 that sold in May 2013.
AHWATUKEEMONTHLY JULY 2013
$99,999 and Below
$100,000 to $199,999
$200,000 to $299,999
Only 1 home in the price range
46 homes were successfully sold in
58 homes were put on the market in
came up for sale in Ahwatukee
June, but only 25 new homes within this this price range with 2 being short
this past month.
price range put on the market for sale.
With prices of homes going up,
sales and 3 being foreclosed homes.
The shortage of homes in this price
With an average of 46 days to sell,
we will be seeing the number of
range could be due to these homes been 54 homes priced within this price
homes for sale in this price range
put up for sale with much higher prices.
reduce.
Comparing this to homes priced
This home was a regular sale,
The average selling price was
higher than this price range, more new
$247,394.
there were no new short sales or
homes came up for sale than the number
foreclosures in this price range,
of homes sold.
that came up for sale in June. 5 homes sold in this price range
range sold.
Only 12 of the 50 homes were paid for with cash, 25 of these homes were
The average days homes in the price range took to sell in Ahwatukee, was 45
bought with a conventional loan and 12 were FHA loans.
during the past month of June,
days, with the highest one selling at
with 4 of them been paid for by
$220,000 which is higher than this price homes being bought with an FHA loan.
cash and the other one being paid
range.
for with a conventional loan.
This price range saw the most with the next highest being in the next
Only 24 were paid with cash.
price range.
$0 $99,999
$200,000 $299,999
$200,000 -
$300,000 -
$400,000 -
$500,000 -
$299,999
$399,999
$499,999
$599,999
CASH
4
24
12
4
1
0
CONVENTIONAL
1
14
25
22
15
10
FHA
0
5
12
7
0
0
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
2 out o the 45 new homes that
At an average of $447,025, 16
Almost even, 10 homes were sold
came up for sale were short sales
homes were sold in this price range
in Ahwatukee in this price range with
with no foreclosures coming up for
after an average of 65 days of being
11 homes also being put on the
sale in this price range.
on the market.
market this past month.
37 homes were sold after an
1 foreclosed home and 1 short sale
All 10 homes were bought with a
average of 54 days on the market
home were included in the 24 homes
conventional loan after being on the
with the highest price one selling for
that came up for sale in the month of
market for an average of 55 days.
$395,000.
June, in addition to the ones that
The lowest one sold for $305,000 and all 37 sold at an average price of $348,116. This price range of homes saw 7 of these homes been bought with a FHA loan and only 4 homes with cash.
were currently on the market for sale. Only 1 home was paid for with cash in this price with the rest being bought with a conventional loan. The highest priced home sold for
There were no buyers with cash and the highest one sold for $588,000 and the lowest one selling for $500,000. This price range did not see any foreclosures or short sales coming up
$495,000 and the lowest sold for
on the market in June, all 11 new
$395,000
homes were regular sales.
Š Copyright 2013 Data Compiled & Owned by Dorette Oppong-Takyi 480-442-0779, Unauthorized distribution of this report is strictly prohibited. Based on information from the Arizona Regional Multiple Listing Service. Information deemed reliable but guaranteed
AHWATUKEEMONTHLY JULY 2013
Ahwatukee Luxury Real Estate Update $699,999 to $699,999
$700,000 to $799,999
$800,000 to $899,999
4 homes came up for sale in
Selling at an average of $625,625, 4 homes in Ahwatukee sold in the price range during the
Ahwatukee saw no new homes
Ahwatukee priced in this range.
coming up for sale in the month of
1 of these homes for sale was a short sale but there were no foreclosures that
month of June 2013.
As of July 1, there are currently only
came up for sale in June 2013.
All 4 of these homes were
June in this price range. 5 homes in Ahwatukee for sale in this
days on the market with a
Only one home sold in Ahwatukee in price range, after 2 of them sold in June. this price range and it was paid for in
conventional loan. No cash or
cash.
purchased after an average of 57
other form of payments were used.
One sold for $775,000 after 82 days
With an in built wine cellar and a full on the market, a $100,000 less than basement, this water front property in
The lowest price sold for
the original asking price.
$592,500 and the highest one
Harbor Island, Lakewood sold after only
went for $660,000.
14 days on the market.
3 homes in this price range
The other property sold for $774,675 after being on the market for
The home sold for $635,000, about a 265 days. This home was a new built
range also came up for sale during
$100,000 less than the original asking
and the 265 days included all the days
the month of June 2013.
price of $738,750.
for the construction as well.
$600,000 $699,999
$700,000 $799,999
$800,000 $899,999
$900,000 $999,999
$1,000,000 $1,999,999
$2,000,000 and Above
# of Homes Sold
4
1
2
1
2
0
Paid with Cash
0
1
0
0
1
0
Conventional Loan
4
0
2
1
1
0
$900,000 to $999,999 1 home sold in this price range in Ahwatukee last month. This custom home in Ahwatukee Custom Estates was originally listed
$1,000,000 to $1,999,999 2 homes sold in Ahwatukee for
$2,0000,000 plus Ahwatukee currently has only 6
over $1,000,0000 in the month of
homes priced $2,000,000 and higher,
June .
available for sale.
One home sold for $1,500,000,
No new ones came up for sale in
for $1,050,000 and sold for $950,000
less than the original asking price of
June and there were none purchased
after only 46 days on the market.
$1,899,999. The other sold for
in June as well.
The new buyer paid for the home with a conventional loan. Ahwatukee also saw 2 new homes
$1,200,000 after being on the market for only 34 days. One home was paid for in cash
in the price range coming on the
and the other was paid for with a
market in June. Both are available.
conventional loan.
One in Black Rock Canyon priced
5 homes priced over a million
Homes in the price range do take a much longer time to sell because only few people can aord to buy residential properties in this price range. The higher the cost of a home, the lower the number of people who can
at $979,000 with 3 bedrooms & 4359
dollars but less than $2 million came
aord it or have the purchasing
sq. ft. The other in Ahwatukee Custom
up for sale in Ahwatukee in June.
power to buy. That is why these
Estates also priced at $995,000 6 bedrooms and 4463 sq. ft.
3 were in zip code 85048, 1 in 85044 and 1 in 85045.
home have been on the market for an average of 256 days so far.
Š Copyright 2013 Data Compiled & Owned by Dorette Oppong-Takyi 480-442-0779, Unauthorized distribution of this report is strictly prohibited. Based on information from the Arizona Regional Multiple Listing Service. Information deemed reliable but guaranteed
ALW Massage ALW Massage Therapy was started in 2006 in Michigan. In August 2007 the business was moved to the Ahwatukee area in Arizona. Audrey is licensed by the State of Arizona and Nationally Certified in Therapeutic Massage with an Associate Degree in Massage Therapy as well as a Bachelor's Degree in Business Management. Audrey is Certified in Cancer Massage, Pre-Natal, Sports Massage, Neuromuscular Techniques, Therapeutic Deep Tissue, Swedish, Medical Massage: Low Back Pain, Sciatica, Hip and Joint pain, Tennis Elbow, Neck and Shoulder Pain, Trigger Point Therapy, Thai Yoga Massage for the Table and Fibromyalgia, Reflexology "My motivation is helping people feel better and maintain a happy, and healthy mind, body and spirit." Audrey Washington website: www.alwmassage.com
AHWATUKEEMONTHLY
4530 E Muirwood Dr Suite 114 Phoenix, AZ 85048 Phone: 480-‐221-‐8099
480-221-8099
IS A MONTHLY
AHWATUKEE HOME MARKET UPDATE PUBLICATION BY DORETTE OPPONG-TAKYI.
Dorette Oppong-Takyi is a Real Estate Professional in Phoenix, AZ, USA and a member of the Institute for Luxury Home Marketing.
After years of running her husband s medical practice, she understands the importance of providing stellar customer service to her clients as well as individualized attention to details for each client.
Coming from a science background, she applies her analytical, fact based and data driven contributions to every real estate transaction she is involved in. She is well versed with the trends and statistics of the Phoenix Real Estate market.
Website:
ALW Massage
http://www.LuxuryLivingInPhoenix.com
Cell Phone: 480-442-0779 Email: Dorette@LuxuryLivingInPhoenix.com
If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Keller Williams Realty East Valley Each office is independently owned and operated. 2077 E Warner Road Suite 110, Tempe, AZ 85284
AHWATUKEEMONTHLY JULY 2013
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