Ahwatukee AZ Real Estate Housing Market Report - June 2021
After the average sales price of homes in Ahwatukee increased to an all-time high of $597,063 last month, the average sales price dropped $16,728 in June, now sitting at $580,335.
After increasing for four straight months, the price per square foot of homes sold in Ahwatukee stayed the same as in May, at $249/sf. Days on market decreased 7 between April and May, but increased 1, to 23 DOM in June. Ahwatukee DOM is just one day over the all-time low, which means demand for homes in Ahwatukee is high, and homes are still selling fast.
After increasing for four straight months, the price per square foot of homes sold in Ahwatukee stayed the same as in May, at $249/sf. Days on market decreased 7 between April and May, but increased 1, to 23 DOM in June. Ahwatukee DOM is just one day over the all-time low, which means demand for homes in Ahwatukee is high, and homes are still selling fast.
Ahwatukee home sales for June decreased one, down to 150, after increasing the last three months. At 150 homes sold, this is just a 2.7% increase from June of 2020. I believe much of this may have to do with the COVID-19 pandemic, and home owners holding off on listing their homes for sale throughout the first part of 2020. By June of last year, the Arizona housing industry was getting back to a more normal state and you saw a 21.6% jump in Ahwatukee home sales, from 120 in May of last year to 146 in June of 2020.
Ahwatukee has now averaged right at 150 homes sales per month the last three months, and that has not been done since May - July of 2018. Even though there has been a lower than normal inventory of homes for sale, homes that are listed in Ahwatukee are obviously selling fast, and for more money.
The number of new listings increased to 142, after decreasing last month to 137. The number of new Ahwatukee listings is higher than in June of 2020, but still much lower than in June of 2018 and 2019. At 210, the number of active listings still remains significantly lower than in June of last year, at -22.2%. We simply need more Ahwatukee listings due to the continued 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 27.9% since June of 2020, which is amazing growth. With interest rates going below 3.0% again, the demand from buyers looking to purchase should remain high in 2021.
Ahwatukee has now averaged right at 150 homes sales per month the last three months, and that has not been done since May - July of 2018. Even though there has been a lower than normal inventory of homes for sale, homes that are listed in Ahwatukee are obviously selling fast, and for more money.
The number of new listings increased to 142, after decreasing last month to 137. The number of new Ahwatukee listings is higher than in June of 2020, but still much lower than in June of 2018 and 2019. At 210, the number of active listings still remains significantly lower than in June of last year, at -22.2%. We simply need more Ahwatukee listings due to the continued 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 27.9% since June of 2020, which is amazing growth. With interest rates going below 3.0% again, the demand from buyers looking to purchase should remain high in 2021.
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 so 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.
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"
Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee
Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | [email protected]
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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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