Ahwatukee AZ Real Estate Housing Market Report - September 2022
After reaching an all-time high of $701,303 in May, the average sales price of homes in Ahwatukee decreased for two months in a row, increased to $636,529 in August, and has now decreased to $599,579 for September.
After increasing for six straight months, the price per square foot of Ahwatukee homes decreased for two months in a row, but has now increased again in September to $290/sf. With this increase the average sold price per square foot of Ahwatukee homes has increased 16 times out of the last 20 months.
The Ahwatukee days on market has increased two months in a row, going from 28 DOM in July to 50 DOM in September. Although it has increased from the all-time low of 22 DOM in August of 2021, 50 DOM is still a low number. There should still be a demand for homes in Ahwatukee as we head into the fall, which is the slower season for the Arizona housing market.
After increasing for six straight months, the price per square foot of Ahwatukee homes decreased for two months in a row, but has now increased again in September to $290/sf. With this increase the average sold price per square foot of Ahwatukee homes has increased 16 times out of the last 20 months.
The Ahwatukee days on market has increased two months in a row, going from 28 DOM in July to 50 DOM in September. Although it has increased from the all-time low of 22 DOM in August of 2021, 50 DOM is still a low number. There should still be a demand for homes in Ahwatukee as we head into the fall, which is the slower season for the Arizona housing market.
After decreasing for four months, Ahwatukee home sales have increased in September, going from 64 in August to 79 this month. Home sales usually start to decline this time of year. With this increase, Ahwatukee home sales are now down -40.2% from September of 2021.
After decreasing for the second month in a row, the number of new listings in Ahwatukee increased in September, going from 107 new listings in August to 116 this month. The number of new Ahwatukee listings are now -16.5% lower than they were in September of 2021. This is the lowest number of September listings in Ahwatukee since 2019.
After decreasing for three months, active listings in Ahwatukee have now increased for the seventh straight month, going from 99 in February to 299 in September (more than tripling). With this increase, the number of active Ahwatukee listings is 88.1% higher than in September of 2021. It is the fourth straight month that Ahwatukee monthly listings have been greater than that same month in the previous year.
There has been a lower-than-normal inventory of Ahwatukee homes for sale for quite some time, but inventory has rapidly increased in the last seven months. Homes that are listed in Ahwatukee continue to sell fast, but you can see it slowing down. Median home values in Ahwatukee have increased an average of 11.9% since September of 2021. Even with interest rates above 6.3% now, the demand from buyers looking to purchase homes in Ahwatukee should remain higher than usual throughout the fall of 2022, but it is slowing as inventory rises and inflation continues.
After decreasing for the second month in a row, the number of new listings in Ahwatukee increased in September, going from 107 new listings in August to 116 this month. The number of new Ahwatukee listings are now -16.5% lower than they were in September of 2021. This is the lowest number of September listings in Ahwatukee since 2019.
After decreasing for three months, active listings in Ahwatukee have now increased for the seventh straight month, going from 99 in February to 299 in September (more than tripling). With this increase, the number of active Ahwatukee listings is 88.1% higher than in September of 2021. It is the fourth straight month that Ahwatukee monthly listings have been greater than that same month in the previous year.
There has been a lower-than-normal inventory of Ahwatukee homes for sale for quite some time, but inventory has rapidly increased in the last seven months. Homes that are listed in Ahwatukee continue to sell fast, but you can see it slowing down. Median home values in Ahwatukee have increased an average of 11.9% since September of 2021. Even with interest rates above 6.3% now, the demand from buyers looking to purchase homes in Ahwatukee should remain higher than usual throughout the fall of 2022, but it is slowing as inventory rises and inflation continues.
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.
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 | TroyEricksonRealtor@gmail.com
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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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