Ahwatukee Foothills, Nearly $400,000 Median Price

Median home prices in Ahwatukee Foothills just keep climbing and are about to break the $400,000 mark. Median prices in Ahwatukee have risen about 80 percent in the last two years, and sales have been hurt by the run-up.

There are also currently 17,550 homes on the market in the Southeast Valley as of July, according to the Arizona Regional MLS. The number of single-family Ahwatukee homes sold through July was 894, compared with 1,220 at the same time last year.

One area that is doing well is the luxury home market, those priced at about $700,000 and above. "It's amazing," Realtor Sharon Barthel said. "I think it's because no matter what the market is like, those people on the higher end don't care what the interest rate is." More...