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

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What’s happening in the Ahwatukee marketplace?

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Linda Berg

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Posted: Friday, February 7, 2014 5:45 am

More inventory, more competition, smaller buyer pool sums up January’s market in Ahwatukee.

So, how did we finish up 2013?

According to the Arizona Regional MLS, property sales in the 85044, 85045 and 85048 ZIP codes are down 5.6 percent from December of 2012 and 22.9 percent higher than the 83 November sales. Year-to-date sales are only 1.1 percent ahead of last year’s numbers.

Additionally, the median sales price of $257,700 in December was up 18.4 percent from December of 2012 and down 7.6 percent from November. The average sales price was $296,490, up from $239,000 in December of 2012.

December inventory decreased slightly over November by -2 percent. However, inventory was up 49.4 percent from December of last year, totaling 395. December’s supply of inventory was 3.8 months, which when compared to previous years is at its highest level.

Days on the market (DOM) is an indicator of whether we are in a Buyers or Sellers market. An increasing trend of DOM may indicate more of a Buyers’ market, while a downward trend may indicate a Seller’s market. December’s DOM was 53, up 32.5 percent from 40 days in November and up 17.8 percent from 45 days in December of 2012.

December’s sales price per square foot was $140, up 15.7 percent from $121 in December of 2012. This is a good indicator of the direction of property values, which appear to be back on track.

The last thing we need to look at is sales price vs. original listing price. The closer to 100 percent, the more of a Seller’s market is indicated. December of 2013 showed 97.6 percent, which was down from 98.1 percent last month and down from 98.8 in December of 2012.

The impact of changes in mortgage requirements and rates always impacts the market to some extent. Rates have ticked up a little bit and lender requirements have become more stringent.

In conclusion, it appears that the market in these ZIP codes has stabilized. As of this date, January’s new listings have increased the supply in the market, which we expected. This will change these statistics in 2014, but as always I will compare the same month this year with previous years.

• 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.

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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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