www.AhwatukeeScoops.com

Is  it  a  Buyer’s  Market  in  Ahwatukee  Now?  The  Number  of  Homes  Being  Sold  is  Less  than  The  Number  

of  Homes  coming  up  for  Sale  !Just a few months ago, the Phoenix Area including

Ahwatukee experienced a shortage of homes available for sale. There were more home buyers out there looking to buy a home than the number of homes available to buy, creating a seller’s market.Lots of people looking to buy a home were faced with

so much competition and could not get their offers to buy a home they loved, accepted by the home owner selling their home.Not only did the shortage of inventory work against

most of the aspiring home owners but also the type of payment being used to buy the homes. The market was flooded with people looking to buy homes for sale with cash and those using mortgages were left behind.Most of these potential buyers became so disappointed

that they gave up on their dreams of ever owning a home

and just stopped looking for homes to buy.With lots of people dropping out of the home buying

process, the real estate market in the whole Phoenix area including Ahwatukee, has now taken a turn and the tables seem to be turning in favor of buyers, who now have more choices and less competition.The rate of selling is less than the rate at which homes

are coming up for sale. As a result, homes are taking a much longer time to sell than in the previous months.

Number of Homes Oct 2013

Oct 2012

Sept 2013

Homes That Came Up for Sale 163 161 161

Homes Sold During the Month 115 121 113

Ahwatukee Monthly is a monthly publication of the Ahwatukee Real Estate Market.

This publication is published by Dorette Oppong-Takyi, a Real Estate Professional licensed in the State of Arizona.

She lives in Ahwatukee and services the Ahwatukee Area as well as other parts of the Greater Phoenix Area.

This Real Estate Market Update is based on information from homes for sale listed in the ©2013, Arizona Regional Multiple Listing Service, Inc. To receive an update for a specific subdivision, area or price range, please contact Dorette, using the information on the back.

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www.AhwatukeeScoops.com

Last Month, 115 homes were successfully sold in all 3 Ahwatukee Zip Codes of 85044, 85045 and 85048. During the same month 163 Ahwatukee homes, condo units and town homes were also put up for sale.

The least expensive property that sold during the month of October 2013 was a condo unit for sale in Portofino, which is located on 40th St and Chandler Blvd. This 1 bedroom, 1 bath condo was a foreclosure and was put up for sale at an original asking price of $89,900 on May 7, 2013. It was sold after 68 days for $10,000 less than the original asking price at $79,900. This was the only sale in Ahwatukee below $100,000 in October 2013.

44 of the Ahwatukee Homes that sold last month were priced between $200,000 and $299,999. This price range made up about 38.3% of all homes sold in Ahwatukee priced below $600,000 in October of 2013. Out of the 44 transactions that took place, 8 of the new home owners purchased their new home with cash, 10 used FHA loan, 22 used a conventional loan and 4 used a VA loan.

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Property Address # of bedrooms

# of bathrooms

Size (sq. ft.)

Original Asking Price

Final Sold Price

# of Days to Sell

14847 S 27TH ST 4 2 2120 $289,000 $285,000 26

1220 E WILDWOOD DR 3 3 2191 $297,500 $295,000 13

4843 E CORRAL RD 3 2 1.5 960 $118,000 $118,000 7

5206 E HALF MOON DR 3 2 1273 $179,000 $169,000 9

10615 S 48TH PL 3 2 1175 $155,000 $155,000 0

© Copyright 2013 Data Compiled & Owned by Dorette Oppong-Takyi 480-442-0779, Unauthorized distribution of this report is strictly prohibited. Based on information from the Arizona Regional Multiple Listing Service. Information deemed reliable but guaranteed. © 2013 ARLMS AND FBS

Ahwatukee Real Estate Activity Priced Below $600,000

During the month of October, out of the 163 properties that were put up for sale by owners, 5 of them were sold before the month ended. They sold at an average of 98% of the original asking price. The highest priced one of the 5 was sold for $295,000 and the lowest priced one was $118,000.

$0-

$99,999

$100,000-

$199,999

$200,000-

$299,999

$300,000-

$399,999

$400,000-

$499,999

$500,000and

$599,999

# of Homes Sold 1 25 44 27 12 6

Average Price $79,900 $157,352 $256,516 $336,772 $447,792 $526,250

Highest Price Sold $79,900 $189,900 $305,000 $394,000 $476,500 $562,000

Average Days to Sell 68 29 58 61 71 100

© Copyright 2013 Data Compiled & Owned by Dorette Oppong-Takyi 480-442-0779, Unauthorized distribution of this report is strictly prohibited. Based on information from the Arizona Regional Multiple Listing Service. Information deemed reliable but guaranteed. © 2013 ARLMS AND FBS

www.AhwatukeeScoops.com

The Ahwatukee Luxury Market is seeing more homes coming up for sale. Last month there were 12 properties that came up for sale in Ahwatukee priced over $600,000.The highest priced Ahwatukee luxury home that came up for sale had an original asking price of $2,496,000. This home is located in Ahwatukee Custom Estates and is approximately 8500 sq. ft.5 of the Ahwatukee luxury homes that came up for sale were in Zip Code 85044, another 5 in zip code 85048 and the other 2 were in zip code 85045.Out of the 12 that came up, none of them sold during the month but 2 of them are in the process of being sold.4 Ahwatukee Luxury homes were successfully sold last month after an average of 184 days on the market and an average of 94% of the original asking price.

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Nick's Computer Guys provides information technology services to small business and residential clients throughout the Valley. They can come to your location, work remotely if feasible, or you can bring your ailing computer to their Ahwatukee Foothills shop. They provide personalized IT services including server and network installation and maintenance, computer repair, and malware remediation to small business and residential clients.Their services run the gamut from setting up and maintaining servers and networks, to virus and malware removal and hardware repair. They speak both Windows & Mac, and service all brands.Mission: Our goal is simple: to treat you the way we

want to be treated:with uncommon courtesy,respect for your time and budget, andappreciation for your business

website: www.nickscomputerguys.com 480-242-4997

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Nick’s  Computer  Guys

16002  South  7th  DrivePhoenix,  AZ  85045

Phone:  480-­‐242-­‐4997

Local  Business  Spotlight

Nick’s  Computer  Guys

AHWATUKEEMONTHLY  is  a  Monthly  Ahwatukee  Homes  and  Real  Estate  Market  Update  Publication  by  Dorette  Oppong-­‐Takyi

Read more on the Ahwatukee Real Estate Scoop and other News on www.AhwatukeeScoops.com

Dorette Oppong-Takyi is a Real Estate Professional in Phoenix, AZ, USA and a member of the Institute for Luxury Home Marketing.

After years of running her husband’s medical practice, she understands the importance of providing stellar customer service to her clients as well as individualized attention to details for each client.

Coming from a science background, she applies her analytical, fact based and data driven contributions to every real estate transaction she is involved in. She is well versed with the trends and statistics of the Phoenix Real Estate market.

Website: http://www.LuxuryLivingInPhoenix.com

Cell Phone: 480-442-0779

Email: Dorette@LuxuryLivingInPhoenix.com

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