Desert Ridge Market Report - July 2007

By
Real Estate Agent with MavRealty

There were 13 homes sold in Desert Ridge in July 2007, with an average listing price of $550,469 and an average sale price of $528,115.  Sale prices were 96% of list prices.  Sold Price per Square Foot was $239.73.  The range of sold homes was $282,500 to $1,015,000.  As of August 1, there are 20 pending or contingent homes under contract.  As of August 1, there are 150 active listings with an average list price of $758,610 and average list $/sq.ft. of $247.30

 

Although sales volume was half of the month before and the average price was down significantly from the month before, average price per square foot was up over $5/ft.  This indicates that the average sold price decrease is due to smaller homes being sold during this period compared to June (actually about 426 sq.ft. less average). 

 

Desert Ridge is a master planned community in NorthEast Phoenix, AZ.  For more info on Desert Ridge, please feel free to contact us at desertridge@WeAreAZRealEstate.com.  

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