Ahwatukee Monthly November 2013 | Page 2

AHWATUKEEMONTHLY November 2013 Ahwatukee Real Estate Activity Priced Below $600,000 Last Month, 115 homes were successfully sold in all 3 Ahwatukee Zip Codes of 85044, 85045 and 85048. During the same month 163 Ahwatukee homes, condo units and town homes were also put up for sale. The least expensive property that sold during the month of October 2013 was a condo unit for sale in Porto?no, which is located on 40th St and Chandler Blvd. This 1 bedroom, 1 bath condo was a foreclosure and was put up for sale at an original asking price of $89,900 on May 7, 2013. It was sold after 68 days for $10,000 less than the original asking price at $79,900. This was the only sale in Ahwatukee below $100,000 in October 2013. 44 of the Ahwatukee Homes that sold last month were priced between $200,000 and $299,999. This price range made up about 38.3% of all homes sold in Ahwatukee priced below $600,000 in October of 2013. Out of the 44 transactions that took place, 8 of the new home owners purchased their new home with cash, 10 used FHA loan, 22 used a conventional loan and 4 used a VA loan. $0 $99,999 $100,000 $199,999 $200,000 $299,999 $300,000 $399,999 $400,000 $499,999 $500,000 and $599,999 1 25 44 27 12 6 Average Price $79,900 $157,352 $256,516 $336,772 $447,792 $526,250 Highest Price Sold $79,900 $189,900 $305,000 $394,000 $476,500 $562,000 68 29 58 61 71 100 # of Homes Sold Average Days to Sell © Copyright 2013 Data Compiled & Owned by Dorette Oppong-Takyi 480-442-0779, Unauthorized distribution of this report is strictly prohibited. Based on information from the Arizona Regional Multiple Listing Service. Information deemed reliable but guaranteed. © 2013 ARLMS AND FBS During the month of October, out of the 163 properties that were put up for sale by owners, 5 of them were sold before the month ended. They sold at an average of 98% of the original asking price. The highest priced one of the 5 was sold for $295,000 and the lowest priced one was $118,000. # of bedrooms # of bathrooms ()M???()=??????()?????M???((?????????((???????()?????A???()A???()M???((?????L???Q ?MP((?((?((????((????????((???????((??((??????]%1]==?H((?((?((????((???????((???????((??((????? =II0?I??((?((??((???((????????((????????((?((?????!1?5==8?H((?((?((????((????????((????????((?((?((?((????((???????((???????((?()A????????????((?????L???Q ?A0(+ ?? ?????????????? ??????????=????????????=??????Q??????????????U????????????????????????????????????????????????) ????????????????????????????I????????5??????1??????M???????%???????????????????????????????????? ??????I15L?9? L()?????????M????????((