Homes Ahwatukee - Good News - Ahwatukee First Half 2011 Home Sales UP! - Prices Drop Slows!

Ahwatukee home sales increased in the first half of 2011 to 828 properties sold, UP! from only 730 properties sold in the first half of 2010.
The Ahwatukee average sale price receded 8.8% to $219,089. in the first half of 2011 down from an average sale price of $240,162. in the first half of 2010.
The high sale for Ahwatukee homes thus far this year (2011) was $3,250,000. while the low sale was $34,125.
The high sale for Ahwatukee homes in the first half of 2010 was $1,500,000. while the low sale was $35,000.
There are currently 287 active listings in Ahwatukee and prices range from $47,000. to $4,500,000. The average list price is $384,863.
Please Note: 157 of the 287 listed property prices have already been reduced.
Home Sellers and Potential Homes Sellers please note!
In the first half of 2010, the sales histories show that Ahwatukee properties were priced (listed) 11.9% above the eventual sale price. 387 (47%) of the properties that sold in the first quarter of 2010 had at least one price reduction before they sold. They languished on the market until the list prices were reduced to less than 5% above the eventual sale price.
In the first half of 2011, the sales histories show that Ahwatukee properties were priced (listed) 11.45% above the eventual sale price. 479 (42%) of the properties that sold in the first quarter of 2011 had at least one price reduction before they sold. They languished on the market until the list prices were reduced to less than 5% above the eventual sale price.
We determined above that the average Ahwatukee sale price in the first half of 2011 was $219,089.
We determined above that the 287 Ahwatukee properties currently listed have an average list price of $384,863. and have been on the market an average of 123 days and have not sold.
The average list price of Ahwatukee properties on the market today, $343,863, is 43% higher than the average selling price, $219,089. of Ahwatukee properties sold in the first quarter! ?????????
You may be assured that price reductions are on the way!!!!
The marketing times for sold properties averaged 122 days in 2010 and 120 days in 2011. These times could have been greatly reduced if the properties had originally been listed within 5% of the eventual sale price.
If you want or need to sell your property in a reasonable time, (97 days or less) and for the highest price possible, use an agent who will help you price your property correctly the first time. If you price it correctly the first time, it will sell faster and for more money. If you want help pricing your property to sell for the highest price in the least amount of time call us.
(Some restrictions may apply, but they are few)
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