What’s happening in the Ahwatukee housing market? - Ahwatukee Foothills News: Real Estate

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What’s happening in the Ahwatukee housing market?

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Linda Berg

Posted: Saturday, June 8, 2013 2:47 pm

Combining the three area ZIP codes of 85044, 85045 and 85048, April property sales totaled 172, up 8.9 percent from 158 in April of 2012 and 25.5 percent higher than the 137 sales last month. The Median Sales Price in April was $249,500, up 31.3 percent from $190,000 in April of 2012 and up .6 percent from last month. April 2013’s average sales price was at its highest level compared to 2012 and 2013.

Inventory climbed 8.3 percent for April to 339 over last month’s 313 and up 41.8 percent from April of 2012 when it was at 239. Market time (DOM) shows how many days the average property is on the market before it sells. The DOM for April was 41, down -8.9 percent from 45 days last month and down -36.9% from 65 days in April of 2012. When DOM lessens, it indicates a trend toward a Seller’s Market. A decrease in DOM and a shorter supply of inventory helps increase the sales price.

The sales price per square foot is a good indicator for the direction of property values. April 2013 Selling Price per Square Foot was up .8 percent to $131 from $130 last month and $108 in April of last year, which reflects a 21.3 percent increase.

The last indicator of the market is inventory, which includes existing listing and new listings. Currently, the Multiple Listing Service shows 209 new listings for April, 2013 compared to 167 in April of last year. That is a 25.1 percent gain. Listings hit a high of 745 listings in October of 2010, when it was definitely a Buyer’s Market.

Now is an excellent time for Sellers to put their homes on the market. Interest rates are still incredibly low and we have pent up demand from all price ranges of buyers. These trends continue to be positive and indicate a healthy market for homeowners in the Ahwatukee and Foothills areas.

• Linda Berg is branch manager and designated real estate agent for the Ahwatukee/Tempe office of Coldwell Banker Residential Brokerage. She has been a Realtor since 1978 and past-president of the Southeast Valley Association of Realtors. Reach her at (480) 753-3122 or www.azmoves.com/Linda.Berg.

  • Discuss

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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