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

Housing prices in Phoenix-area soar 27 percent

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Posted: Thursday, August 22, 2013 4:20 pm | Updated: 12:09 pm, Tue Sep 17, 2013.

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.

© 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Kyrene Akimel A-al Middle School

Kyrene Akimel A-al Middle School, 2720 E. Liberty Lane, has been part of the Ahwatukee area since 1992, offering each of their Rattlers an enjoyable schooling experience from the morning bell to the ending bell.

David Jolkovski/AFN File
Kyrene Akimel A-al Middle School Principal Mike Deignan poses with students in front of the school sign that is advertising their “A” rating.

Kyrene Akimel A-al Middle School, 2720 E. Liberty Lane, has been part of the Ahwatukee area since 1992, offering each of their Rattlers an enjoyable schooling experience from the morning bell to the ending bell.

According to its website, the name of the school is derived from the Akimel O’odham meaning, “Children of the River.”

The school houses just fewer than 1,100 students.

Principal Mike Deignan said the school offers different sport activities and a learning lab before school starts, which offers students time before school to seek extra help with work completion or tutoring.

“That keeps our students involved with a lot of things, between the sports and the learning lab,” Deignan said.

For more information, visit www.kyrene.org/aki.

• Compiled by Daniel Ochoa.

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