At the end of January I put some numbers together for our clients about what was going on in the market in Ahwatukee at that time.  The news the media was disseminating was pretty grim - it still is.  Yet, even then, with negative perception coming from the media, homes were selling and interest rates were low.  Today, even more homes are selling, and interest rates are still low.

Additionally, the median home price in Ahwatukee in 2000 was $167,800.  If you bought a home for that price in 2000,  that home was selling for $326,995 at the end of 2007!  Almost double the price.  Nice investment.

Here is a comparison of the numbers I put together at the end of January and those today:

Interest Rates:
     January - 5.41%
     Today - 6.0%

Monthly Supply of Inventory:
    January - 11.8 months
    Today - 6.6 months

Homes on the market:
    January - 1108
    Today - 1101

Homes sold:
    Janaury - 79
    April - 125

% of New Listings Sold:
    Janaury - 48.63%
    April - 53.42%

% of Residual Listings Sold:
    January - 10.11%
    April - 20.06%