August 2012 saw a total of 35 homes sales in the Desert Ridge area. As of this writing there are 76 active listings, This puts the inventory level at 2.17 months worth of supply based on the August sales, which is just below the valley average for the price range. Desert Ridge is a wonderful master planned community in Northeast Phoenix. Desert Ridge is ideally situated close to the junction of the Loop 101 and SR 51 for easy access to all parts of the valley. Desert Ridge boasts award winning schools, fabulous shopping and dining and wonderful neighborhoods. For more info on Desert Ridge Homes, check out Desert Ridge or call me at 480-236-7374. Find out about the Desert Ridge Lifestyle now!
Total July sales: 35
Average Price Per foot: $155.68
Sale price as a percentage of list price: 99%
Average sale price: $325,149
Average Days on market: 74
Althought the average sale price is down roughly 5.5%, the price per foot is up 1%. Price per foot is a better indicator of actual price shifts, as the average is dependent on different size homes selling in any one period.
This breaks down by type as follows:
Single Family Detached Homes
Sale: 22
Average Price Per foot: $151.79 (almost 3% gain over July)
Sale price as a percentage of list price: 100%
Average sale price: $382,643
Average Days on market: 47
Condos and Townhomes:
Total sales : 13
Average Price Per foot: $162.27
Sale price as a percentage of list price: 99%
Average sale price: $227,850
Average Days on market:119
Condos affected the overall days on market significantly with August sales staying on market more than double July's sales.
Adam Tarr PC
Citywide Real Estate
480-236-7374
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