By Allen Henderson | Ahwatukee Foothills News
I had a conversation with my friend Steve O’Brien at AZ Auto Air recently and he asked, “What is going on in the (real estate) market.”
An Ahwatukee resident, he is curious like everybody else about the real estate market. With prices jumping upwards month after month, gun-shy homeowners who remember the real estate meltdown of 2008 are concerned that another bubble is about to burst.
Last month, I addressed reports in the local Phoenix media that the “Phoenix real estate market is seeing increases in the number of listings and that the housing market is cooling.”
Despite the reports, we didn’t see a dip or slowdown in the Ahwatukee market in April or May and the market still performed at record levels in June. The average sale price of an Ahwatukee property in June stayed steady at $542,780 – compared to the $543,297 average in May.