May 2014
AHWATUKEEMONTHLY Ahwatukee Monthly is a monthly publication of the Ahwatukee Real
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Estate Market. This publication is published by Dorette Oppong-Takyi, a Real Estate Professional licensed in the State of
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Arizona. She lives in Ahwatukee and services the Ahwatukee Area as well as other parts of the
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Greater Phoenix Area. This Real Estate Market Update is based on information from homes for sale listed in the ©2014, Arizona Regional Multiple Listing Service, Inc. To receive an update for a specific subdivision, area or price range, please contact Dorette, using the information on the
Home Prices increase about 10% in 1st Qtr! Ahwatukee Median Price of Homes sold increased by $25,000 in the Birst quarter of 2014 compared to 2013!
The first quarter of 2014 just ended and the real estate
In the first quarter of 2014, the average number of days
climate in Ahwatukee is encouraging. We saw a $25,000
it took to sell a home was 72 days, compared to 58 days
increase in median price this past quarter compared to the
same time last year.
the same quarter last year. During the first quarter of 2013, the median price of
About 49 less homes were sold during the first quarter of 2014 than in 2013. The highest priced home sold in
homes that actually sold was $235,000 and during this first
Ahwatukee was $1,598,000 with the lowest at $69,900 this
quarter, our median price was $260,000, a 10.6% increase.
past quarter compared to $1,287,500 and $59,900 in 2013.
Fortunately for current property owners looking to sell their properties, this means they get a little bit more cash in their pocket than they would have had last year, but the downside is, they have to wait a little bit longer than they would have if they sold the previous year. Even though the price of the homes sold went up, the average number of days it took to sell homes this past quarter also increased by 2 weeks. Home sellers had to be a bit more patient to get more money.
Ahwatukee
Jan - Mar 2014
Jan - Mar 2013
# of Homes sold
302
351
Median Price
$260,000
$235,000
Average # of days
72
58
www.AhwatukeeScoops.com
AHWATUKEEMONTHLY May 2014
Ahwatukee Real Estate Activity Priced Below $600,000 Homes that came up for sale in Ahwatukee during April 2014 During the month of April, 178 Ahwatukee homes were put up for sale, priced below $600,000.
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Out of the 178 homes, 5 of them sold before the end of the month at an average of $175,760, with the highest one located on 46th Pl 85044, with 3 bedrooms and 2 bathrooms, selling for $215,000. The home had a pool with some partial updates done to the home.
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4 of the homes have been taken of the market, 2 were cancelled and 2 were taken off temporarily. 21 of the homes are pending a sale with 22 under contract but accepting back up offers. 128 of those homes are still available for sale.
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72 of the homes that were put up for sale in April were located in zip code 85044 , 14 of them in 85045 and majority of them (92) in 85048.
Average Asking Price
Average Selling Price
Asking / Selling price
April 2014
$260,356
$254,940
98%
April 2013
$256,084
$252,681
99%
© Copyright 2014 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. © 2014 ARLMS AND FBS
Homes that sold in Ahwatukee during April 2014 With most of the homes selling at about 98% of the original asking price on the average, 146 homes priced below $600,000 sold in Ahwatukee. The average price of homes sold was $254,940 at about $140.09 per sq. foot.
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In terms of price per sq. ft, the most expensive home sold for $309,900 on Glenhaven Dr, 85048. For 1655 sq. ft in size, this home was the most expensive at $187.25 per sq. ft of living space.
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This home was located on the Foothills Golf Course with great views of the golf course and lake. It had 3 bedrooms and 2 bathrooms. The home was a single level home with a private pool in the Foothills.
$0 $99,999
$100,000 $199,999
$200,000 $299,999
$300,000 $399,999
$400,000 $499,999
$500,000 and $599,999
3
39
67
23
10
4
Average Asking Price
$84,300
$159,533
$251,043
$345,335
$463,990
$533,698
Average Selling Price
$83,465
$156,673
$245,839
$337,552
$451,345
$528,075
Average Asking/Sold
99%
98%
98%
98%
97%
99%
Average Days to Sell
25
61
73
77
81
97
# of Homes Sold
© Copyright 2014 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. © 2014 ARLMS AND FBS
www.AhwatukeeScoops.com
AHWATUKEEMONTHLY May 2014
Ahwatukee Luxury Real Estate Update
! Ahwatukee saw only 5 real luxury home buyers completing a real estate transaction during the month of April. Out of the 5 buyers, 3 of the transactions were below $1 million and the other 2 were above $1 million.
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For homes priced below $1,000,000 in Ahwatukee, we currently have about 13 months supply and 11 months supply for those over $1million based on our current sale and transactions.
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The luxury home market in Ahwatukee has about 77 homes for sale today with the highest priced at $2,500,000 and the lowest at $619,000.
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www.AhwatukeeScoops.com
Clothes Minded Boutique Clothes Minded is a locally owned and operated women's boutique in Ahwatukee. They offer high quality clothing and accessories at affordable prices. Their customers are
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thrilled with their fashionable and unique items. Clothes Minded is owned by Kim Kendall, a resident of Ahwatukee. She is moved here from Nebraska and loves it here. If you want personalized service and don't have time to march through the mall, please stop in and let Kim help
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you with your fashion and styling needs. Even if you don't have clothes on your mind, I do!
I've hand selected a store full of amazing clothing and accessories. At Clothes Minded we want you to feel special wearing one-of-a-kind selections from a store dedicated to serving your needs. Kim Kendall Website: www.clothesmindedaz.com Facebook: www.facebook.com/clothesmindedaz
AHWATUKEEMONTHLY is a Monthly Ahwatukee Homes and Real Estate Market Update Publication by Dorette Oppong-‐Takyi
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Read more on the Ahwatukee Real Estate Scoop and other News on www.AhwatukeeScoops.com
Dorette Oppong-Takyi is a Real Estate Professional in Phoenix, AZ, USA and a member of the Institute for Luxury Home Marketing.
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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.
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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.
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Website:
http://www.LuxuryLivingInPhoenix.com
Cell Phone: 480-442-0779 Email: Dorette@LuxuryLivingInPhoenix.com
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Clothes Minded Boutique
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4810 E Ray Road, Phoenix, AZ 85044 Phone: 480-‐940-‐9200
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 May 2014
Local Business Spotlight