Ahwatukee AZ Real Estate Housing Market Report - July 2023
The average sales price of homes in Ahwatukee had been on a downward trend the last 3 months. This month the average sales price of Ahwatukee homes significantly increased, going from $582,410 in June to $644,695 in July.
After increasing last month, the price per square foot of Ahwatukee homes remained the same this month as last month at $288/sf for July. This is the 8th month out of the last 11 that the price per square foot has remained the same or has decreased.
After decreasing 4 months in a row, the Ahwatukee days on market increased this month, going from 34 DOM in June to 56 DOM this month. There still should be demand for homes in Ahwatukee throughout the summer as we head into the slower part of the Arizona housing market.
After increasing last month, the price per square foot of Ahwatukee homes remained the same this month as last month at $288/sf for July. This is the 8th month out of the last 11 that the price per square foot has remained the same or has decreased.
After decreasing 4 months in a row, the Ahwatukee days on market increased this month, going from 34 DOM in June to 56 DOM this month. There still should be demand for homes in Ahwatukee throughout the summer as we head into the slower part of the Arizona housing market.
Ahwatukee home sales slightly decreased for the second straight month, going from 92 in May to 71 in July. Home sales typically start to decrease around this time of year, but this is the lowest number of Ahwatukee home sales in July since at least before 2018. Even with this decrease, Ahwatukee home sales are down just -4.1% from July of 2022.
After increasing last month, the number of new listings in Ahwatukee slightly decreased this month, going from 77 new listings in June back down to 74 in July. The number of new Ahwatukee listings are now -49.3% lower than they were in July of 2022.
After increasing for seven straight months, active listings in Ahwatukee have decreased the last 10 months in a row, going from 299 in September of 2022 to 120 in July this year. With this decrease, the number of active Ahwatukee listings are now -53.7% lower than in July of 2022. July inventory in Ahwatukee is now the lowest it has been since March 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 actually increased an average of 4.0% since July of 2022. This is the first increase since November of 2022.
Even with interest rates remaining around 7.0%, the demand from buyers looking to purchase homes in Ahwatukee should remain slightly higher than in a balanced market throughout the summer.
After increasing last month, the number of new listings in Ahwatukee slightly decreased this month, going from 77 new listings in June back down to 74 in July. The number of new Ahwatukee listings are now -49.3% lower than they were in July of 2022.
After increasing for seven straight months, active listings in Ahwatukee have decreased the last 10 months in a row, going from 299 in September of 2022 to 120 in July this year. With this decrease, the number of active Ahwatukee listings are now -53.7% lower than in July of 2022. July inventory in Ahwatukee is now the lowest it has been since March 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 actually increased an average of 4.0% since July of 2022. This is the first increase since November of 2022.
Even with interest rates remaining around 7.0%, the demand from buyers looking to purchase homes in Ahwatukee should remain slightly higher than in a balanced market throughout the summer.
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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