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
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