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

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Posted: Friday, February 8, 2013 2:49 am

It’s all good in Ahwatukee! The supply of homes coming onto the market has not caught up with the demand for housing in our community. This is pushing up the price of homes. In ZIP codes 85044, 85045 and 85048, the median sales price in January was $216,750, up 19.8 percent from $181,000 in January of 2012. The average sales price in January was $255,614, up 17.4 percent from $217,718 in January of 2012 and up 6.6 percent from $239,813 last month. January 2013 was the highest level compared to January of 2012 and 2011.

Although more homes are coming on the market, up 20.4 percent for January, the demand is still higher than the supply. Average Days On Market (DOM) for January was 43, down -23.2 percent from 56 DOM in January of last year.

The selling price per square foot was $123 for January, up 18.3 percent from $104 in January of last year. In the same time frame homes have been selling for an average of 97.7 percent of list price.

Inventory is beginning to climb with 179 homes added to the market in January, up 17.0 percent from 153 homes in January of last year. Today, we are at 2.9 months of inventory, which is still below the “norm.”

So what does this all mean for homeowners who are thinking about relocating? It means that you are building equity and have a better chance of selling your homes without a negative balance at close of escrow. All these trends continue to indicate a much healthier market for sellers in the Ahwatukee and Foothills areas.

Based on information from Arizona Regional MLS.

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.real-estate-phoenix.com.

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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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