Ahwatukee AZ Real Estate Housing Market Report - March 2023
After reaching an all-time high of $701,303 in May, the average sales price of homes in Ahwatukee had fluctuated up and down, but most recently saw a significant increase this month. The average sales price of Ahwatukee homes increased from $522,575 in February to $632,870 in March. This is the 5th year in a row that the average sales price in March has increased.
After increasing last month, the price per square foot of Ahwatukee homes decreased this month, going from $272/sf in February to $270/sf in March. This is back to where it started in January, and the lowest it has been since October of 2021.
After increasing 7 months in a row, the Ahwatukee days on market dropped, going from 83 DOM in February to 63 DOM this month. There should still be some demand for homes in Ahwatukee throughout the spring as the Arizona housing market ramps up for the busy season.
After increasing last month, the price per square foot of Ahwatukee homes decreased this month, going from $272/sf in February to $270/sf in March. This is back to where it started in January, and the lowest it has been since October of 2021.
After increasing 7 months in a row, the Ahwatukee days on market dropped, going from 83 DOM in February to 63 DOM this month. There should still be some demand for homes in Ahwatukee throughout the spring as the Arizona housing market ramps up for the busy season.
After decreasing in December and January, Ahwatukee home sales have now increased the last two months, going from 51 in January to 81 in March. Home sales typically start to increase this time of year, but this is the lowest number of Ahwatukee home sales in March since at least before 2018. Even with this increase, Ahwatukee home sales are down -29.6% from March of 2022.
After decreasing last month, the number of new listings in Ahwatukee increased this month, going from 64 new listings in February to 82 in March. The number of new Ahwatukee listings are now -42.7% lower than they were in March of 2022.
After increasing for seven straight months, active listings in Ahwatukee have decreased the last 6 months, going from 299 in September of 2022 to 145 in March. With this decrease, the number of active Ahwatukee listings are still 29.5% higher than in March of 2022. March listings in Ahwatukee are now almost back down to where they were when inventory started increasing back in April of 2022.
There has been a lower-than-normal inventory of Ahwatukee homes for sale for quite some time. Homes that are listed in Ahwatukee continue to sell. Median home values in Ahwatukee have decreased an average of -2.5% since March of 2022.
Even with interest rates remaining around 6.25%, the demand from buyers looking to purchase homes in Ahwatukee should remain slightly higher than in a balanced market throughout the spring.
After decreasing last month, the number of new listings in Ahwatukee increased this month, going from 64 new listings in February to 82 in March. The number of new Ahwatukee listings are now -42.7% lower than they were in March of 2022.
After increasing for seven straight months, active listings in Ahwatukee have decreased the last 6 months, going from 299 in September of 2022 to 145 in March. With this decrease, the number of active Ahwatukee listings are still 29.5% higher than in March of 2022. March listings in Ahwatukee are now almost back down to where they were when inventory started increasing back in April of 2022.
There has been a lower-than-normal inventory of Ahwatukee homes for sale for quite some time. Homes that are listed in Ahwatukee continue to sell. Median home values in Ahwatukee have decreased an average of -2.5% since March of 2022.
Even with interest rates remaining around 6.25%, the demand from buyers looking to purchase homes in Ahwatukee should remain slightly higher than in a balanced market throughout the spring.
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.
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Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
If you're thinking of buying a home, connect with me to begin your journey to homeownership.
Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 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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