Here is the most recent Ahwatukee Real Estate Housing Market Report for January 2021:
The average sales price of homes in Ahwatukee decreased for the third straight month after approaching $500,000 in October, and the drop this month was over $12k, bringing the average sales price down to $468,756.
The price per square foot also dropped down to $211/sf after jumping up to $218/sf last month. Days on market increased to 40 in January after decreasing last month. The DOM is still very, very low, which means demand for homes in Ahwatukee is high, and homes are still selling fast.
Ahwatukee home sales are way higher than in January of last year, an increase in sales year-over-year of 33.7%. Even though there has been a lower than normal inventory of homes for sale, homes are obviously selling fast, and for more money.
The number of new listings increased 27.0% from January of last year, and any increase in the number of new listings can only help with the current lack of Ahwatukee homes for sale. The number of active listings still remains significantly lower than in January of last year, at -19.7%. We simply need more listings due to the high demand from buyers.
The lack of listings continues to drive demand and home prices higher. Median home values in Ahwatukee have increased an average of 25.4% since January of 2020, which is amazing growth. With interest rates remaining below 3.0%, the demand from buyers looking to purchase should remain high early in 2021, which is typically not the case for this time of year.
Click on the following link to see all current Ahwatukee Arizona Homes For Sale.
For more detailed stats on the Ahwatukee Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me se we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
Troy Erickson Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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