Ahwatukee AZ Real Estate Housing Market Report - October 2021
After reaching an all-time high of $602,866 in August, the average sales price of homes in Ahwatukee dropped in September, down to $552,786, but did increase back up to $558,685 in October.
After remaining the same, or increasing for seven consecutive months, the price per square foot of Ahwatukee homes dropped from $267/sf in September to $263/sf in October.
After dropping to 22 DOM in August, to tie the all-time low, the Ahwatukee DOM has increased for the second consecutive month, from 24 DOM in September to 28 DOM in October. This is still a very low number, and it is obvious that the demand for homes in Ahwatukee is high, and homes are selling fast, even as we near the end of the year.
After remaining the same, or increasing for seven consecutive months, the price per square foot of Ahwatukee homes dropped from $267/sf in September to $263/sf in October.
After dropping to 22 DOM in August, to tie the all-time low, the Ahwatukee DOM has increased for the second consecutive month, from 24 DOM in September to 28 DOM in October. This is still a very low number, and it is obvious that the demand for homes in Ahwatukee is high, and homes are selling fast, even as we near the end of the year.
After increasing last month, Ahwatukee home sales remained exactly the same in October as the previous month, at 132. October home sales in Ahwatukee are higher than they have been in the last three years. Ahwatukee home sales this October are 0.8% greater than they were in October of 2020.
In September, we saw a drop in new Ahwatukee listings from a previous three month average of 145, down to 139. October saw an increase of new listings back up to 145. This is the sixth month out of the last seven where new listings have been greater than previous years listings. This may be a good sign that more home owners are looking to sell as we near the end of 2021.
After decreasing to 157 last month from a high this year of 166 in August, active listings in Ahwatukee increased in October to a new 2021 high of 177. Even with this increase, the number of active Ahwatukee listings is still -13.2% lower than in October of last year. We still could use more Ahwatukee 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 25.1% since October of 2020, which is amazing growth. With interest rates remaining close to 3.0%, the demand from buyers looking to purchase should remain high throughout the remainder of 2021.
In September, we saw a drop in new Ahwatukee listings from a previous three month average of 145, down to 139. October saw an increase of new listings back up to 145. This is the sixth month out of the last seven where new listings have been greater than previous years listings. This may be a good sign that more home owners are looking to sell as we near the end of 2021.
After decreasing to 157 last month from a high this year of 166 in August, active listings in Ahwatukee increased in October to a new 2021 high of 177. Even with this increase, the number of active Ahwatukee listings is still -13.2% lower than in October of last year. We still could use more Ahwatukee 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 25.1% since October of 2020, which is amazing growth. With interest rates remaining close to 3.0%, the demand from buyers looking to purchase should remain high throughout the remainder of 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 | 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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