Desert Ridge September & 3rd qtr 2015 market stats

By
Real Estate Agent with MavRealty

September 2015 saw a total of 33 home sales in the Desert Ridge area.  As of this writing there are 125 active listings, This brings the  inventory level to 3.79 months worth of supply based on the September sales.   There are currently 52 properties under contract.   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 September sales:33
Average Price Per foot: $191.93
Sale price as a percentage of list price: 97%
Average sale price: $429,962
Median sale price: $280,000
Average Days on market: 102

This breaks down by type as follows:

Single Family Detached Homes
Sale: 28
Average Price Per foot: $189.90
Sale price as a percentage of list price: 98%
Average sale price: $450,929

Median sale price: $432,500
Average Days on market: 78

Condos and Townhomes:
Total sales : 5
Average Price Per foot: $203.33
Sale price as a percentage of list price: 96%
Average sale price: $312,550
Median sale price: $265,000
Average Days on market:233

Overall, For the third quarter, the average sold price per foot was $189.06 the median sold price per foot was $186.52, the average days on market was 94 and listings sold for 98% of list. The average price per foot increased just over 4% year over year and he median just over 3% for the same quarter.

Seasonally, a drop in numbers is expected.  Historically, we can expect a slight increase in the next month and then a slowdown approaching the holidays.

 

Adam Tarr PC
Citywide Real Estate
Phoenix AZ

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