Desert Ridge Phoenix August/2010 Monthly Real Estate Report

Desert Ridge Phoenix August/2010 Monthly Real Estate Report

Desert Ridge Phoenix is a vibrant 5,700 acre community, located within the Desert Ridge Master-Plan. It boasts incredible desert views,the excelling Paradise Valley School District, an amazing 15,000 square foot community center, and wonderful shopping/dining opportunities at the nearby Desert Ridge Marketplace.

Subscribe to the Desert Ridge Phoenix Monthly Real Estate Report to get this report delivered to your inbox on a monthly basis.  The report is meant to keep you up-to-date on the latest real estate trends in the community.

Before I begin to explain the findings in the above chart, allow me to take a moment to define some of the terms.

Active:   Listings that are currently listed as being "Active" in the MLS.  

Pending: Listings that are currently under contract.  This includes both Short Sales and Traditional (non- distressed) listings

Closed: These are homes that closed escrow during the month of August/2010

Traditional: These are listings that are "non-distressed" (i.e., not short sales or bank-owned)

Short Sales: These are listings that are marketed/sold for less than what is owed on their respective  mortgages

Bank-Owned: As the title implies, these are listings that are marketed/sold by the bank/lender that owns  them

Other/Misc:  These are homes that fall under the following categories: Court Approval Required, Owner/Agent, Exclusions, etc.  

There are currently 206 Active Listings on the market in Desert Ridge Phoenix:

62 Are Traditional Listings

83 Are Short Sales

56 Are Bank-Owned

5 Are Other/Misc.

There are currently 110 Pending Listings in Desert Ridge Phoenix

22 Are Traditional Listings

54 Are Short Sales

5 Are Bank-Owned

29 Are Other/Misc.

During the month of August/2010, there were 34 closed listings in Desert Ridge Phoenix

17 Were Traditional Listings

4 Were Short Sales

8 Were Bank-Owned

5 Were Other/Misc.

Finally, in the Desert Ridge Phoenix Monthly Real Estate Report, we will compare month/month cost per square foot for those homes that closed escrow in August/2010:

The Average Price/Square Foot for homes sold in July/2010 in Desert Ridge Phoenix was $118.62 per square foot.

The Average Price/Square Foot for August/2010 was $126.50 per square foot.

This represents a 6.6% increase in prices within the community from July to August/2010.  

If you are looking at buying a home in Desert Ridge Phoenix, feel free to call the Desert Ridge Phoenix team for a more in-depth analysis of area. We have helped countless Desert Ridge Home Buyers find their dream homes over the years, as well as surrounding neighborhoods in the area.

Or, if you would like to search for you own Desert Ridge homes on the internet, you've come to the right place. Our Desert Ridge Search allows you to set up your own search parameters, and you will receive an email whenever a new listing that matches your needs hits the market.  Trust me, you'll love it!

If you are looking to sell your Desert Ridge home, look no further. Call our Desert Ridge Phoenix team to discuss your options.

As I said at the beginning, I will be posting this information on a monthly basis.  If you'd like to keep abreast of the latest happenings, feel free to subscribe to the Desert Ridge Phoenix Monthly Report to get monthly updates on the market.  

Below is a map of all available homes currently listed in the Desert Ridge Phoenix area.  If you would like to conduct your own search, simply add your own parameters to the boxes, and you can search anywhere in the Metro Phoenix market.  You will not leave this page, and, unlike other companies, we DO NOT ask for your name or email address to use this valuable service. Enjoy!

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