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