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.