November 21, 2024 12:33 pm
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Record performance for Ahwatukee home market

So, what is going on in the Ahwatukee real estate market? Is the bubble going to burst?

Despite reports of a dip or a slowdown in the Ahwatukee market, the market is still performing at record levels.

There were only 31 properties listed on Aug. 1. On average in 2021, 160 properties are selling per month in Ahwatukee. The listing inventory of 31 properties on Aug. 1 would be depleted in about 6 days. As we have seen for many months, demand is outstripping supply in Ahwatukee, the entire metro area, and many real estate hot spot cities around the country.

Our Aug. 1 analysis of Ahwatukee real estate sales indicates that the 154 Ahwatukee properties sold in July 2021 at an average sale price of $539,490 with an average of 25 days on market. The average sale price declined slightly from the average sale price of $541,140 in June, when 176 closed escrow. 

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.