Desert Ridge Market Report - August 2007

By
Real Estate Agent with MavRealty

There were 21 homes sold in Desert Ridge in August 2007, with an average listing price of $653,880 and an average sale price of $623,380.  Sale prices were 95% of list prices.  Sold Price per Square Foot was $217.58.  The range of sold homes was $348,500 to $975,000.  As of Spetember 1, there are 14 pending or contingent homes under contract.  As of September 1, there are 139 active listings with an average list price of $751,719 and average list $/sq.ft. of $243.99

 

Closed sales volume was up over 50% over the month before reflecting contracts taken in June and July.  August pendings are down by approx 1/3 possibly reflecting the traditional August slowdown as families prepare for and get back to school.  The average price was up significantly from the month before, and average price per square foot was down most likely reflecting the larger square footage of the homes than the previous month, as well as more realistic seller pricing. 

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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