Admin

Desert Ridge March 2016 market stats

By
Real Estate Agent with MavRealty
March 2016 saw a total of 31 home sales in the Desert Ridge area.  As of this writing there are 172 active listings, This brings the  inventory level to 5.55 months worth of supply based on the March sales.   There are currently 70 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 480-236-7374480-236-7374. Find out about the Desert Ridge Lifestyle now!

 

Total March sales: 31
Average Price Per foot: $195.59
Sale price as a percentage of list price: 98%
Average sale price: $421,752
Median sale price: $365,000
Average Days on market: 82

This breaks down by type as follows:

Single Family Detached Homes
Sale: 19
Average Price Per foot: $191.17
Sale price as a percentage of list price: 98%
Average sale price: $478,184

Median sale price: $424,000
Average Days on market: 75

Condos and Townhomes:
Total sales : 12
Average Price Per foot: $202.58
Sale price as a percentage of list price: 97%
Average sale price: $332,400
Median sale price: $320,000
Average Days on market:93

Price per foot is up and average and median sale prices are down. Average and mean are reliant on the mix of sales and aren't as good of an indicator as price per foot.

 

Adam Tarr PC
Citywide Real Estate
Phoenix AZ