Here is the most recent Ahwatukee Real Estate Housing Market Report for February 2021:
The average sales price of homes in Ahwatukee increased to an all-time high of $504,878, after decreasing for three straight months. This month's increase over January was over $35,000.
The price per square foot also bounced back up to $225 after dropping down to $211/sf last month. Days on market decreased to 35, after increasing to 40 in January. 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 for February are almost exactly what they were in February of last year (96 compared to 97), with a difference of only -1.0%. Even though there has been a lower than normal inventory of homes for sale, homes that are listed are obviously selling fast, and for more money.
The number of new listings decreased -9.8% from February of last year, and this shows that we still have fewer homes for sale, which increases competition. The number of active listings still remains significantly lower than in February of last year, at -25.8%. 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 20.5% since February of 2020, which is amazing growth. With interest rates remaining around 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 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.