Housing prices in Phoenix-area soar 27 percent - Ahwatukee Foothills News: Real Estate

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Housing prices in Phoenix-area soar 27 percent

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Posted: Thursday, August 22, 2013 4:20 pm

Researchers at Arizona State University say rising interest rates don’t appear to be affecting the Phoenix-area housing market, which is making a comeback.

A report from the university’s W. P. Carey School of Business shows the median single-family home price in the area rose to $190,000, up roughly 27 percent from last June when the price hovered around $150,000. The report also noted the median price for condominiums and townhomes went up dramatically to $125,000, a nearly 40 percent increase.

Researchers say the tight supply of homes for sale is partly causing the increase in prices, and that new home construction isn’t keeping pace with demand. According to the report, analysts expected 17,000 construction permits would be issued this year, but the region is only on track to see about 12,500.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Keystone Montessori

[David Jolkovski/AFN]
Teacher Pily Pantoja helps Sarah Wang, 4, with the addition snake game at Keystone Montessori on Thursday, Sept. 4, 2014.

Keystone Montessori has come a long way since its founding in 1995. Back then it was operated out of the founder’s home before eventually moving on to rent rooms from Horizon Presbyterian Church. It was only in 2000 that they had gained a strong enough enrollment to move into the facility where they currently reside on Liberty Lane, just off Desert Foothills Parkway and across from the Ahwatukee Foothills Family YMCA.

The school services students as young as 18 years old, as part of their toddler program, and as old as ninth-graders. The current enrollment is around 320 students, who all have access to Spanish, music and arts programs in addition to the full Montessori curriculum.

“We provide an authentic Montessori education which focuses on the independence and whole development of the child, including academic as well as social and emotional growth,” said head of school Cindy Maschoff. “We want our students to become independent citizens of the world.”

The school will be taking the time to present the concept of Montessori education to the public Jan. 29 and 30. At the presentations the school will provide a clear understanding of what Montessori education looks like at each level of education. Those wanting to attend should plan on going to both meetings, with the Jan. 29 meeting going from 6-7 p.m. and the Jan. 30 meeting from 9 a.m. to 1 p.m. The meetings require attendees to RSVP, which can be done by emailing laura@keystonemontessori.com.

For more information, visit keystonemontessori.com.

• Compiled by James Gingerich.

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