Ahwatukee Foothills Home Resales Up 41%, But Median Prices Are Down.

Good and bad news for sellers of homes in Ahwatukee. Resales increased 41% in March from February, 2007 (120 from 85), but prices slid compared to the same period last year by 7%. Obviously, sellers are lowering asking prices to entice home buyers. Combined of the recent increased sales and lower prices below below last year, this could signal a good time to buy.

Resale Increases In The Southeast Valley (Feb-Mar/07).
According to the Arizona Republic using information provided by the ARMLS, sales increased from February to March, 2007 in all Southeast Valley cities in Greater Phoenix except in Tempe AZ.

Ahwatukee: Up 41%.
Chandler: Up 36%.
Mesa: Up 35%.
Gilbert: Up 26%.
Tempe: Down 7%.

Median Price Decreases (Mar/06 vs Mar/07).
Compared to a year earlier in March of 2006, median prices in the Southeast Valley fell versus March of 2007. The drop was heaviest in Ahwatukee and Gilbert with decreases of 7 and 8% respectively according to Arizona State University Realty Studies. According to the Arizona Regional Multiple Listing Services, there were 16,700 homes in the Southeast Valley listed for sale at the end of February/07 with an average of 98 days to sell.

If you're looking to relocate to the Southeast Valley of Metropolitan Phoenix. Contact a professional Realtor that is expertly familiar with the respective real estate markets in Ahwatukee, Chandler, Gilbert, Mesa and Tempe.