Ahwatukee Market June 2025

by Pamela Manwaring

Deciding whether to buy or sell a house in Ahwatukee Foothills Village, Phoenix involves considering several factors related to the local housing market.

For Sellers:

Market Type: Ahwatukee Foothills is currently a seller's market, meaning homes tend to sell faster and potentially for higher prices.
Price Trends: Homes in the area have recently sold for 2.3% more than a year ago. The median sold price in May 2025 was $549,166.
Time on Market: The average time for homes to sell is increasing, currently at 52 days, up from 49 days last month and slightly longer than last year. However, well-maintained homes in desirable areas may sell faster.
Pricing: While the market favors sellers, a significant portion of homes (60.7%) are selling below the asking price, suggesting realistic pricing and presentation are crucial.
Luxury Market: The luxury market in Ahwatukee is still active, with recent sales, including a $2.8 million home.

For Buyers:

Market Balance: Ahwatukee Foothills is considered a balanced market, meaning the supply and demand for homes are about equal. This provides more opportunities for buyers compared to a strong seller's market.
Price Trends: Home prices have slightly decreased year-over-year, with the median listing price down 5.8%.
Negotiating Power: Buyers have more leverage in negotiations compared to recent years.
Inventory: The current inventory levels allow buyers to explore multiple properties without feeling rushed.
Luxury Homes: Buyers looking for luxury properties can find options in the area, as high-end sales are still occurring.

Overall Market Outlook for the Remainder of 2025:

The Ahwatukee market is expected to remain stable, with a balanced environment for both buyers and sellers. Pricing is stable, and significant changes are not anticipated. Inventory and demand are consistent, especially in well-established areas. Buyers have time to consider options, while sellers should focus on presentation and realistic pricing.

Considerations for Both Buyers and Sellers:

Professional Advice: Consulting a local real estate agent can offer valuable insights. Several highly-rated options are available, including those with extensive local experience.
Market Knowledge: Staying informed about current market trends, such as days on market and sale-to-list price ratios, is beneficial.
Financing: Buyers should understand mortgage rates and consider pre-approval. Information on current rates and local mortgage brokers is available.
Home Condition: Sellers should consider addressing necessary repairs or updates to enhance their home's appeal.

Ultimately, the decision to buy or sell depends on individual circumstances, financial goals, and market comfort level.

Ahwatukee Market June 2025

by Pamela Manwaring

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