The last time we saw a high increase was in April 2014 where we saw home prices per sq. ft increase by 9% with an average selling price of about $142.70 per sq. ft. compared to $130.68 in April 2013 for homes priced $800,000 and below.
Since June 2014, our monthly average prices have been fluctuating but we have not seen any increase higher than 5.7%.
However in the luxury market, the story is quite different due to fewer homes in this price range. For homes priced between $800,000 and $1,500,000, the highest price increase was in August 2015 with a 100.8% increase average price per sq. ft. compared to August 2014.
May 2014 was also the highest we have witnessed for prices between $1,500,000 and higher at 116% increase.
Ahwatukee Homes sold below $800,000
In April 2016, we had 161 homes that sold in Ahwatukee priced below $800,000 with 159 of them being normal sales and 2 being foreclosures.
Most of the homes were priced below $300,000, a total of 94,
39 were between $300,000 and $400,000,
23 between $400,000 and $500,000,
5 between $500,00 and $600,000,
0 between $600,00 and $800,000.
Same time last year we had more homes selling in April, a total of 188 homes were sold which was the highest number we ever saw in 2015 for any month
Ahwatukee Luxury Market priced $800,000 and above
Only 3 homes priced $800,000 and over sold in Ahwatukee in April of 2016. 2 of these homes were between $800,000 and $1,500,00.
One of the was located in Ahwatukee custom estates, a 4 bedroom 4100 sq. ft single level home. The other property was a 5 bedroom home, 4066 sq. ft. home located west of Desert Vista on almost 3 acres of land.
1 priced $2,000,000 and $3,000,000 sold in Summerhill. It was a 4 bedroom home, which was 7213 sq. ft. single level home on about 7 acres of land.