Ahwatukee AZ Real Estate Housing Market Report - November 2021
The price per square foot of Ahwatukee homes is on the rise again. After decreasing to $263/sf in October, the price per square foot increased in November up to $276/sf. This is the ninth time the price per square foot has either increased or remained the same in the last ten months.
After dropping to 22 DOM in August, to tie the all-time low, the Ahwatukee DOM has increased for the third consecutive month, from 28 DOM last month to 30 DOM in November. 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.
The number of new listings in Ahwatukee dropped from 145 in October to 129 in November, but they are still higher than November over the last three years. It is typical for the number of new listings to drop off towards the end of the year as we head into the winter, and a slower real estate market. This is the seventh month out of the last eight where new listings for the month have been greater than the new monthly listings for last year. This means that more home owners have been looking to sell since early on in 2021.
Active listings in Ahwatukee increased for the second straight month, going from 177 in October to a new 2021 high of 180 in November. Even with this increase, the number of active Ahwatukee listings is still -3.2% lower than in November 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 23.6% since November 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.
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.