Ahwatukee Monthly September 2013

September 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.

To receive an update for a specific sub division, area or price range, please contact her, using the information on the back of this publication.

Is the Real Estate Market in Ahwatukee Slowing Down, Less Sold This August than Last Year?

Homes are selling for higher price on the average The average selling price of homes in Ahwatukee

Asking Price

priced below $600,000 was up by $21,507 an 8.76%

Selling Price

$280,000.00

increase from same time last year.

This past August, homeowners looking to sell received on the average 98% of the original asking price. The

$270,000.00

average list price was $272,453 and the average final selling price was $267,106.

The average list price for all homes priced under

$260,000.00

$600,000 in August of 2012 was $249,087 and the average selling price was $245,599.

In August of last year, homeowners selling their homes

$250,000.00

in Ahwatukee were selling homes for about 99% of the asking price on the average.

Even though the percentage of selling price to initial

2007 2008

$240,000.00

asking price is slightly less than last August, sellers are seeing more money in their pocket than last August.

www.AhwatukeeScoops.com

AHWATUKEEMONTHLY SEPTEMBER 2013

Ahwatukee Real Estate Activity Priced Below $600,000 Majority of the real estate activity in the Ahwatukee

The average final selling price of these homes was

Area last month happened to be within the price range of

$243,639 compared to the original asking price of

$200,000 to $299,999.

$247,410, almost 99% of the list price.

43% of actual buyers who not only put in an offer but

Out of the 161 homes that were put on the market in

actually walked away with a home priced below

Ahwatukee for sale last month, 50 of them were asking

$600,000 bought a home that was priced for sale

for $200,000 to $299,999, so these 50 homeowners have

between $200,000 and $299,999.

a pretty higher chance of selling faster than the others.

More than half of these home buyers used a conventional loan to purchase the property with the others using cash or an FHA loan.

60% of new Ahwatukee home owners using an FHA loan were also in this price range.

For an Ahwatukee home owner looking to sell a home

Out of this 50 homes, 5 were short sale homes with only 2 foreclosures.

In fact Ahwatukee had only a total of 5 foreclosed homes coming up for sale in August and 17 short sale homes for sale priced $600,000 and below.

Only 2 of the 161 homeowners who decided to sell in

in this price point, you have a better chance of finding a

August were able to sell their homes by the end of the

ready buyer, getting the full asking price and actually

month. Another 41 of them have accepted an offer from

selling your home.

a buyer and in the process of selling their home.

© 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

www.AhwatukeeScoops.com

AHWATUKEEMONTHLY SEPTEMBER 2013

Ahwatukee Luxury Real Estate Update Homes in the higher price bands are moving much better than we saw last year in Ahwatukee.

The average home priced above $600,000 sold for 97% of the initial asking price compared to 98% for the popular price band of $200,000 and $299,999.

The average price of the all the luxury homes that sold last month was $994,533 after an average of 114 days.

During the month of August in 2012, only 2 homes priced over $600,000 in Ahwatukee were sold. and they sold at an average of 85% of the original asking price.

Even though in August of last year we saw 11 homes

It could also be because interest rates are going up and that makes the amount of house you can afford go down as well.

The number of luxury buyers who used a conventional loan to purchase a home last month increased by 300% from August last year.

The inventory at the end of last month in the luxury market was about the same.

9 new homes were put up for sale and 9 homes also left the market after being bought by new owners.

Only 1 of the new homes for sale was sold before the

come up on the market for sale compared to only 9 last

end of the month. It was put on the market on August 12

month, it is great to see there are more buyers in the

and was sold by the end of the month for $1,799,999. 1

higher price point in Ahwatukee.

also went under contract and is accepting backup offers.

The increase in number of homebuyers in the luxury

7 of the new homes that came up were priced below

market could be due to the confidence in home buyers

$900,000 and the other 2 were between $1,000,000 and

knowing prices are stabilizing instead of falling.

$2,000,000.

© 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

www.AhwatukeeScoops.com

D'amore Interior Design Studio Claudia Dabdoub pays attention to detail and knows that a positive relationship with her customers is the key to successful projects. Her experience in designing kitchens and bathrooms has taught her the importance of establishing common goals early on design process to ensure that the results she delivers, are the results you expect.

Claudia has the resources to bring you the latest in the kitchen and bathroom industry at all times.

She has the necessary experience and flexibility to guide you through every step of the kitchens and bathrooms remodeling, from design and planning to completion. Make us part of the solution.

Claudia Dabdoub Owner & Professional Interior Designer

Your Space, Your Choice - Claudia places your wishes Ahwatukee Resident

first - it is, after all, your space.

She serves Ahwatukee and the Phoenix metro area.

Phone: 480 751-­‐9938 Website: www.damoreidsinc.com Phone: 480-751-9938

AHWATUKEEMONTHLY

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:

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 SEPTEMBER 2013

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