Good news for Mountain Park Ranch homeowners. Residential 2010 Sales and Values Versus 2009 Hold Strong! Mountain Park Ranch 2010 average $263,814.
Luxury Homes Ahwatukee: Ahwatukee Luxury Sales Climb 15.5% in 2010. Prices slid 10% from an average of $984,664 in 2009 to $829,090 in 2010. Search Ahwatukee Luxury MLS Listings!
Homes Ahwatukee – Number 0f Ahwatukee Homes For Sale Hold Steady – See New Ahwatukee listings This Week – 2/14/2011
# The number of Ahwatukee closed listings jumped 22.5% in January 2011 to 87 closed listings.
# Ahwatukee properties are selling with about the same days in the market as January 2010.
# The gap between the sale price of Regular listings compared to sale price of Foreclosured Properties and Short Sales narrowed in January 2011 to 23.6% compared to the 38.64% margin of January 2010.
# Banks are getting smarter! Short Sales increased in January 2011 by 29.4% of the market compared to January 2010 and lender owned property sales jumped by 38.4% for the same period.
It is interesting to note that both the average Regular sale price and the average Lender Owned sale price declined at a rate 5.6% while the average Short Sale price declined at a rate of 11%. Further, the number Short Sales was up 60% in 2010 versus 2009. The 11% drop in Short Sale prices versus the 5.6% price decline for other market sectors and the 60% increase in the number of Short Sales clearly indicate that the banks are approving short sales at unprecedented prices and at an unprecedented rate. The missing link in the real estate recovery has been the banks co-operation. It is appears that they are finally stepping up and doing their part to resolve the housing crisis, at least in the Ahwatukee market. Let’s hope the trend continues.