Ahwatukee Monthly November 2013

November 2013

AHWATUKEEMONTHLY
Ahwatukee Monthly is
a monthly publication
of the Ahwatukee Real
Estate Market.
This publication is
published by Dorette
Oppong-Takyi, a Real
Estate Professional
licensed in the State of
Arizona.
She lives in Ahwatukee
and services the
Ahwatukee Area as well
as other parts of the
Greater Phoenix Area.
This Real Estate Market
Update is based on
information from
homes for sale listed in
the ©2013, Arizona
Regional Multiple Listing
Service, Inc. To receive
an update for a speci?c
subdivision, area or price
range, please contact
Dorette, using the
information on the back.

Is
 it
 a
 Buyer’s
 Market
 in
 Ahwatukee
 Now?

The
 Number
 of
 Homes
 Being
 Sold
 is
 Less
 than
 The
 Number

of
 Homes
 coming
 up
 for
 Sale
 !
Just a few months ago, the Phoenix Area including
Ahwatukee experienced a shortage of homes available for

and just stopped looking for homes to buy.
With lots of people dropping out of the home buying

sale. There were more home buyers out there looking to

process, the real estate market in the whole Phoenix area

buy a home than the number of homes available to buy,

including Ahwatukee, has now taken a turn and the tables

creating a seller s market.

seem to be turning in favor of buyers, who now have more

Lots of people looking to buy a home were faced with
so much competition and could not get their o?ers to buy a

choices and less competition.
The rate of selling is less than the rate at which homes

home they loved, accepted by the home owner selling their

are coming up for sale. As a result, homes are taking a

home.

much longer time to sell than in the previous months.

Not only did the shortage of inventory work against
most of the aspiring home owners but also the type of

Number of Homes

Oct
2013

Oct
2012

Sept
2013

Homes That Came Up for Sale

163

161

161

Homes Sold During the Month

115

121

113

payment being used to buy the homes. The market was
?ooded with people looking to buy homes for sale with
cash and those using mortgages were left behind.
Most of these potential buyers became so disappointed
that they gave up on their dreams of ever owning a home

www.AhwatukeeScoops.com