Ahwatukee Foothills Real Estate Update – First Quarter 2019
What In *Ahwatukee Is Going On With The Real Estate Market?
After a strong performance in 2018, the average home price in Ahwatukee had increased by 8.6%. This was by far the strongest performance and increase in Ahwatukee property values in several years.
Can Ahwatukee Foothills home values continue at the same pace as 2018?
Well, the first quarter sales are in and indeed Ahwatukee home values are up significantly. Home Values are up even with the strong market performance in 2018.
Ahwatukee property values rose 4.8% in the first quarter of 2019 over the first quarter in 2018.
The average price of an Ahwatukee property rose to $362,408. compared to the average price of $345,725. in the first quarter of 2018.
The Days On Market stayed the same with the average property going under contract in 72 days in 2019 and 73 days in 2018.
Because First Quarter property values increased significantly, Ahwatukee property values are on a clear path to rise significantly again in 2019. The second quarter is usually our strongest sales quarter. Plus, the second quarter is where we see the strongest pressure to increase prices.
However, there is one interesting factor to note:
The number of units sold fell from 402 in 2018 to 332 in 2019 for a 21% drop in sales volume. This is the largest quarterly drop in the number of properties sold in recent history.
The Ahwatukee listing inventory is at historic lows. The number of homes on the market has been hovering between 250 to 260 daily (at time of writing). This indicates that we have a 2.27 month inventory of listings. In other words, our current inventory of 250 listings would be depleted in 2.27 months at the first quarter rate of 110 sales per month. This confirms that we are still in a strong seller’s market.
It is difficult to say with certainty that the low inventory is solely responsible for the drop in sales volume. It will be interesting to note the trending average property values, the sales volume and the daily inventory at the end of the second quarter.
Is it a good time to sell your Ahwatukee Foothills property?
The listing inventory is at record lows. Home values are increasing. Interest rates are holding under 5%. Buyers are anxiously waiting for every new listing. It is one of the best times in recent years to list and sell your Ahwatukee Foothills property!
If you are thinking of selling an Ahwatukee Foothills property or if you have any real estate related questions we would love to discuss your best options with you.
We are here to help!
Please don’t hesitate to call!
Allen Henderson
Broker
Henderson Real Estate
480-392-2090
Allen@HomesAhwatukee.com
*Ahwatukee Foothills is the official name of an Urban Village in Phoenix.Ahwatukee Foothills lies south of South Mountain Park. “Ahwatukee Foothills” is comprised of zip codes 85044, 85045 and 85048. Some confusion occurs when some folks refer to Old Ahwatukee as “Ahwatukee” and “Ahwatukee Foothills” as a separate entity. So, for clarity, when we use the term “Ahwatukee” we are referring to the entire area designated “Ahwatukee Foothills,” including (85044, 85045, and 85048) unless otherwise noted.
Search Here For The Newest and Best Ahwatukee Foothills Listings!
3544 E Equestrian Trail Phoenix 85044, Ahwatukee E 3 Phase 1 Lot 4515-4564 TR D E
- $745,000
- Bedrooms: 4, Baths: 3.5
- Home size: 3,502
- Lot size: 19,824
- Year built: 1995
- MLS #: 5931051
14239 S 8th Street Phoenix 85048, Camelot Ridge 2
- $440,000
- Bedrooms: 4, Baths: 2.5
- Home size: 3,111
- Lot size: 6,647
- Year built: 1994
- MLS #: 5931011
16639 S 17th Street Phoenix 85048, Palmia AT The Foothills Lot 1-90 TR A-H
- $399,888
- Bedrooms: 3, Baths: 2
- Home size: 2,182
- Lot size: 9,331
- Year built: 1991
- MLS #: 5919920
8642 S 51st Street 2Phoenix 85044, Pointe South Mountain Unit 2 26-90 243-362 A-P
- $195,000
- Bedrooms: 2, Baths: 1.5
- Home size: 1,015
- Lot size: 1,355
- Year built: 1983
- MLS #: 5906333
5015 E Cheyenne Drive 18Phoenix 85044, Tuscany Courts Condominium Replat
- $235,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,430
- Lot size: 896
- Year built: 2001
- MLS #: 5906667
4431 E Amberwood Drive Phoenix 85048, Pecos North Lot 1-168 TR A-D
- $275,000
- Bedrooms: 3, Baths: 2
- Home size: 1,434
- Lot size: 4,504
- Year built: 1987
- MLS #: 5930952
15834 S 33rd Place Phoenix 85048, Lakewood Parcel 12 Lot 1-132 TR A-D
- $395,000
- Bedrooms: 4, Baths: 2.5
- Home size: 2,304
- Lot size: 5,846
- Year built: 1988
- MLS #: 5913691
3703 E Kachina Drive Phoenix 85044, Ahwatukee E 2 Amd Lot 1004-1118
- $669,000
- Bedrooms: 3, Baths: 2
- Home size: 3,308
- Lot size: 20,225
- Year built: 1982
- MLS #: 5864994
10610 S 48th Street 2061Phoenix 85044, Desert Foothills Villas Unit 1001-1107 2001-2107
- $150,000
- Bedrooms: 2, Baths: 2
- Home size: 965
- Lot size: 834
- Year built: 1986
- MLS #: 5930228
5122 E Tunder Drive Phoenix 85044, Ahwatukee FS 1
- $299,000
- Bedrooms: 4, Baths: 2
- Home size: 1,695
- Lot size: 9,021
- Year built: 1974
- MLS #: 5898901
530 E Cathedral Rock Drive Phoenix 85048, Granite Pass Phase 2 AT The Foothills
- $689,000
- Bedrooms: 5, Baths: 4
- Home size: 3,823
- Lot size: 11,110
- Year built: 1996
- MLS #: 5889389
16257 S 12th Place Phoenix 85048, Augusta AT The Foothills
- $345,000
- Bedrooms: 3, Baths: 2.5
- Home size: 2,191
- Lot size: 4,359
- Year built: 1992
- MLS #: 5929694
11208 S Iroquois Drive Phoenix 85044, Ahwatukee RS 4 Lot 1746-1891 & TR A
- $269,900
- Bedrooms: 2, Baths: 1.75
- Home size: 1,716
- Lot size: 12,815
- Year built: 1978
- MLS #: 5896713
16410 S 12th Street 210Phoenix 85048, Toscana Lakeside Condominiums
- $249,900
- Bedrooms: 2, Baths: 2
- Home size: 1,389
- Lot size: 1,290
- Year built: 2004
- MLS #: 5828201
14038 S 34th Street Phoenix 85044, Canyon Estates
- $469,900
- Bedrooms: 4, Baths: 2
- Home size: 2,294
- Lot size: 9,348
- Year built: 1993
- MLS #: 5879905
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
IDX Solution Provided by iFoundAgent.com
ARMLS Listing Data last updated 5/25/2019 12:38 AM MST.