June 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.
You may have more equity in your home than you think! Have you check it lately? More homes are being put up for sale as regular
In May of last year, fewer homes were put up for
sales this year than we saw last year. Nationwide,
sale, it was a total of 168 homes. Out of these homes
foreclosures have gone down and so has Ahwatukee s
listed for sale in Ahwatukee, 48 of them were short
number of foreclosures. Homes listed as short sales
sales and 10 were foreclosures with only 65% of
where the home owner is selling the home for less
these homes being sold as regular sales.
than the mortgage on the home have also reduced drastically. In May 2013, Ahwatukee saw 194 new homes listed for sale in addition to the already listed ones
This is about a 26 percentage point increase in the number of homes that are being put on the market for sale as regular same homes and not distressed.
for sale, out of these only 5 homes were short sales and 11 were foreclosures. This means 91% of all the homes that were put up for sale were normal sales for homes up to $599,999. This simply means for every 10 homes that were put up for sale last year, every 9 of them were normal, regular types of sale and only 1 out of 10 were either a foreclosure or short sale.
Homes Put Up For Sale As
May 2013
May 2012
Normal Sales
178
120
Foreclosures or Short Sales
16
48
AHWATUKEEMONTHLY June 2013
$99,999 and Below
$100,000 to $199,999
8 homes came up for sale in this
39 homes priced from $100,000 and
price range with 2 of them being
$199,999 came up for the sale last
foreclosures.
month.
7 homes sold last month within this price range. These homes sold at an average of $89,054 with the lowest
5 of these were foreclosed homes
2 were short sales and 1 was a
and only 1 was a short sale.
foreclosure.
we had the same number of homes
The average price of the 50 homes that sold in the price range was
highest home selling at $125,000.
$162,458 with the highest one selling
that were listed for sale that also sold, 72 homes sold last month at an average price of $252,2888.
for $206,000.
after an average of 33 days on the
The lowest one sold for $97,000.
market.
Averagely these homes sold after 42
6 of these were paid for by cash and 1 by a conventional loan.
They sold after an average of 47 days on the market, with the highest one selling for $300,000 and the
days on the market. More than 50% of these homes were
Homes in this price range are
This price range has 72 new homes listed for sale last month.
sold home, selling at $64,000 and the Homes in this price range sold
$200,000 to $299,999
lowest one selling for $192,000.
paid for by cash, a total of 27 of them.
selling as fast as they are coming on the market.
Out of the 72 homes sold, 16 were
19 were were paid with loans, out of paid for with cash and 54 were financed. which 13 were conventional loans.
$0 $99,999
$100,000 $199,999
$200,000 $299,999
$300,000 $399,999
$400,000 $499,999
$500,000 $599,999
Number of Homes Sold
7
50
72
47
13
9
Average Days to Sell
33
42
47
55
79
31
New Homes for Sale
8
39
72
42
23
10
$300,000 to $399,999 2 foreclosed homes and 1 short
$400,000 to $499,999
$500,000 to $599,999
More homes came up for sale
This price range has the lowest
sale home were included in the 42
than the number that was sold. 23
number of homes that came up for
homes that came up for sale last
new homes came up for sale with
sale, only 10 homes came up for
month.
only 1 being a short sale.
sale.
47 homes were successfully sold
13 homes were bough at an
9 homes sold at an average of
in this price range in Ahwatukee
average of $437,923 within this
$544,944. The average number of
during last month.
price range and after being on the
days it tool to sell these homes was
market for an average of 79 days.
only 31 days.
The average price of all the homes that sold was $343,544 with
The highest home sold at
the lowest one selling at $293,000
$488,000 and the lowest was
and the lowest is $495,000. Similar
and the highest selling at $399,999.
$400,500.
to the previous price range, most
The average number of days it
Most of the homes sold here were
took to sell those 47 homes was 55
purchased with a mortgage, 9
days.
conventional and 2 FHA.
Only 6 homes were bought with cash and 41 were financed.
Only 2 homes were paid for in cash in this price range.
The highest one sold for $626,000
were purchased with conventional loans, only 1 was paid for in cash. This price range borders between regular homes and the beginning of luxury homes in Ahwatukee.
© Copyright 2013 Data Compiled & Owned by Dorette Oppong-‐Takyi 480-‐442-‐0770, Unauthorized distribution of this report is strictly prohibited. Based on information from the Arizona Regional Multiple Listing Service. Information deemed reliable but guaranteed
AHWATUKEEMONTHLY June 2013
Neighborhood Spotlight Cabrillo Canyon Cabrillo canyon is a subdivision In Ahwatukee located in the Foothills. Cabrillo Canyon has 42 homes. Most of the homes in the subdivision are single level homes, a total of 37 homes, with only 5 two story homes. Homes in this subdivision were built between 1994 to 2001. Even though most of the homes in this subdivision are almost 20 years, the views of South Mountain that surround you are timeless and priceless. The average size of a home here is about 3440 square
Some of the homes are located on a preserve lot which backs up to the mountain, giving you awesome views from your backyard as well as privacy. Since it backs to the mountain, some of the homes are located on hillside lots, so going for walk is interesting and very good exercise because not all the streets are at. Hiking trails can be accessed directly from the neighborhood making it easy to go for a quick hike. Only 2 homes have sold in the past 2 months in Cabrillo Canyon. Cabrillo Canyon currently has 8 homes
foot, meaning you can ďŹ nd homes that are slightly bigger
available for sale, to view any of these homes or for more
or smaller than 3440 sq. ft. in size.
information Call Dorette on 480-442-0779
Ahwatukee Carpets Ahwatukee Carpets is family owned and operated and has been serving the Valley of the Sun since 1991. We take great pride in our products and services and offer the latest in high fashion flooring from the large and small mills. We are committed to providing customers in the Greater Phoenix Area with the finest quality products and professional services at affordable prices. Our goal is to continue the tradition of treating our customers to the best quality service available. Our utmost priority is the satisfaction of each customer. Traci and her staff are committed to providing personalized service and attention to every customer. We invite you to stop by our showroom and see our incredible selection of products. Let our professional staff work with you to put together your home at a price you can afford. Come by and visit our showroom with a large selection of flooring samples for you to choose from, so you can find the best product that will match your decor.
Ahwatukee Carpets 15215 S. 48th Street, Suite 185 Phoenix, AZ 85044 Phone:480.598.9811 Fax:480.598.9888
website: www.ahwatukeecarpets.com 480-598-9811
AHWATUKEEMONTHLY
IS A MONTHLY
AHWATUKEE HOME MARKET UPDATE PUBLICATION BY DORETTE OPPONG-TAKYI. Dorette Oppong-Takyi is a Luxury Home Specialist 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: 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 June 2013
Local Business Spotlight