Ahwatukee AZ Real Estate Housing Market Report - March 2022
The average sales price of homes in Ahwatukee has increased for the sixth straight month after decreasing in September of 2021. The average sales price increased from $640,779 in February to $653,676 in March, reaching a new all-time high.
The price per square foot of Ahwatukee homes has increased for the third straight month, going from $290/sf in February to $297/sf in March. The average sold price per square foot of Ahwatukee homes has increased 12 times out of the last 14 months.
After dropping for three consecutive months, the Ahwatukee days on market increased from 26 DOM in February to 28 DOM in March. Although it has increased from the all-time low of 22 DOM in August of 2021, 28 DOM is still a very low number, and it is obvious that the demand for homes in Ahwatukee remains high in 2022.
The price per square foot of Ahwatukee homes has increased for the third straight month, going from $290/sf in February to $297/sf in March. The average sold price per square foot of Ahwatukee homes has increased 12 times out of the last 14 months.
After dropping for three consecutive months, the Ahwatukee days on market increased from 26 DOM in February to 28 DOM in March. Although it has increased from the all-time low of 22 DOM in August of 2021, 28 DOM is still a very low number, and it is obvious that the demand for homes in Ahwatukee remains high in 2022.
After decreasing to 78 in January, Ahwatukee home sales have increased two straight months, from 102 in February to 115 in March. This is the lowest number of Ahwatukee home sales in March over the last four years, other than in March of 2020 when the Covid pandemic hit the U.S. and closed down the economy. With this increase Ahwatukee home sales are still down -18.4% from March of 2021.
The number of new listings in Ahwatukee increased for the third straight month, going from 71 in December of 2021 to 140 in March. New Ahwatukee listings this March are the lowest they have been since before at least 2018. The number of new Ahwatukee listings are now -9.1% lower than they were in March of 2021.
After decreasing for three months, active listings in Ahwatukee increased to 112 in March from 99 in February. This is the first increase since reaching a 2021 high of 182 in November. With this increase, the number of active Ahwatukee listings is still -25.8% lower than in March 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 22.9% since March of 2021, which is amazing growth. With interest rates remaining just above 4.25%, the demand from buyers looking to purchase homes in Ahwatukee should remain high early in 2022.
The number of new listings in Ahwatukee increased for the third straight month, going from 71 in December of 2021 to 140 in March. New Ahwatukee listings this March are the lowest they have been since before at least 2018. The number of new Ahwatukee listings are now -9.1% lower than they were in March of 2021.
After decreasing for three months, active listings in Ahwatukee increased to 112 in March from 99 in February. This is the first increase since reaching a 2021 high of 182 in November. With this increase, the number of active Ahwatukee listings is still -25.8% lower than in March 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 22.9% since March of 2021, which is amazing growth. With interest rates remaining just above 4.25%, 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.
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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