Roseville, CA 95661 Phoenician Condos Market Report December 31, 2011

Roseville, CA 95661 - The Phoenician Condos Market Report (December 31, 2011)

The Phoenician is a luxury condominium & apartment community conveniently located off I-80 and Taylor Road in prestigious East Roseville, at 1501 Secret Ravine Parkway, Roseville, CA 95661. It is adjacent to Sutter Roseville Medical Center and located near Galleria Mall, Sierra College, Kaiser Permanente, UA Movie Theaters and the Roseville Auto Mall.

The Phoenician condos & apartments were built between 2004 and 2007 and there are a total of 302 units in 18 structures. Community amenities include: gated access, a clubhouse with fitness center, media room, game room (pool table, shuffleboard, ping pong table and darts), two pools, three spas, an outdoor BBQ, patio tables & chairs, an outdoor chess game, a tot lot and a walking trail.

These luxury condos & apartments consist of 8 different units with 1 or 2 parking spaces (it varies with each unit between garage, carport and/or uncovered parking.)

• Medea - one bedroom, one bath, 751 square feet

• Adra - one bedroom, one bath, 784 square feet

• Jocasta - one bedroom, one bath, 812 square feet

• Edessa - two bedrooms, two baths, 1129 square feet

• Macedonia - two bedrooms, two baths, 1142 square feet

• Ankara - two bedrooms, two baths, 1184 square feet

• Bridgea - three bedrooms, two baths, 1333 square feet

• Penthouse - two bedrooms, two baths, 1500 square feet

The Phoenician HOA is $272 per month and includes the security gate, clubhouse, pools & spas, common area maintenance,elevators, insurance on the structures, grounds maintenance and management fees.

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Here is a list of The Phoenician condos: active and contingent short sales, pending sales and closed sales as of December 31, 2011:

CONTINGENT

1. 1501 Secret Ravine Parkway #1912, Roseville, CA 95661 - 1 bedroom, 1 bath, 751 sq. ft. (11/17/11) $84,000
2. 1501 Secret Ravine Parkway #221, Roseville, CA 95661 - 2 bedrooms, 2 baths, 1129 sq. ft. (10/25/11) $110,000
3. 1501 Secret Ravine Parkway #223, Roseville, CA 95661 - 1 bedroom, 1 bath, 751 sq. ft. (8/5/11) $83,000
4. 1501 Secret Ravine Parkway #213, Roseville, CA 95661 - 1 bedroom, 1 bath, 751 sq. ft. (3/11/11) $84,000

SOLD

1. 1501 Secret Ravine Parkway #1823, Roseville, CA 95661 - 1 bedroom, 1 bath, 751 sq. ft. (12/15/11) $83,000
2. 1501 Secret Ravine Parkway #424, Roseville, CA 95661 - 1 bedroom, 1 bath, 800 sq. ft. (12/13/11) $89,000
3. 1501 Secret Ravine Parkway #1917, Roseville, CA 95661 - 2 bedrooms, 2 baths, 1129 sq. ft. (12/7/11) $125,450
4. 1501 Secret Ravine Parkway #427, Roseville, CA 95661 - 2 bedrooms, 2 baths, 1142 sq. ft. (11/30/11) $122,000
5. 1501 Secret Ravine Parkway #533, Roseville, CA 95661 - 1 bedroom, 1 bath, 800 sq. ft. (11/29/11) $77,000
6. 1501 Secret Ravine Parkway #1613, Roseville, CA 95661 - 1 bedroom, 1 bath, 800 sq. ft. (10/24/11) $103,000

Condo sales in the 4th quarter of 2011 at The Phoenician were 33% short sales and 67% bank owned. With an average of 25 days on the market and 83% cash sales, luxury condos at The Phoenician continue to be an attractive investment. Although they sell at a higher price than any other condominium complex in Roseville, they also demand the highest rent.