By Allen Henderson | Ahwatukee Foothill News
After a strong showing in the first half of 2020, the July Ahwatukee real estate market continued to expand with the number of units increasing and the average price of closed properties rising.
If we look at the July real estate sales results, the average sale price in Ahwatukee rose to $425,131. This is up 15 percent over the same period in 2019 when the average home value was $369,145. The July number of units sold jumped 22 percent from 148 units in 2019 to 180 units in 2020.
With the prices increasing and buyers stepping up with higher offers to get prime properties, the number of listings that required a price reduction to get an offer declined to 28 percent of the closed listings.