Ahwatukee AZ Real Estate Housing Market Report - February 2022
The price per square foot of Ahwatukee homes increased for the second straight month, going from $287/sf in January to $290/sf in February. The average sold price per square foot of Ahwatukee homes has increased 11 times out of the last 13 months.
The Ahwatukee days on market dropped for the third straight month, decreasing from 28 DOM in January to 26 DOM in February. Although it has increased from the all-time low of 22 DOM in August of 2021, 26 DOM is still a very low number, and it is obvious that the demand for homes in Ahwatukee remains high in 2022.
The number of new listings in Ahwatukee increased for the second straight month, going from 98 in January to 104 for February. New Ahwatukee listings in February have increased in three of the last four years, but this is the lowest number of new listings for any February since before 2018.
Active listings in Ahwatukee decreased for the third straight month. After reaching a 2021 high of 182 in November, active listings in Ahwatukee dropped to 98 in February of 2022. With this decrease, the number of active Ahwatukee listings is now -28.5% lower than in February of 2021. It is obvious that Ahwatukee could use more listings due to the continued high demand from buyers.
There has been a lower-than-normal inventory of Ahwatukee homes for sale for quite some time now, and homes that are listed in Ahwatukee continue to sell very fast. Median home values in Ahwatukee have increased an average of 30.8% since February of 2021, which is amazing growth. With interest rates remaining just above 4.0%, the demand from buyers looking to purchase homes in Ahwatukee should remain high early in 2022.
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.
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.