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Desert Ridge April 2016 real estate stats

April 2016 saw a total of 43 home sales in the Desert Ridge area.  As of this writing there are 187 active listings, This brings the  inventory level to 4.35 months worth of supply based on the April sales.   There are currently 74 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 April sales: 43
Average Price Per foot: $193.56
Sale price as a percentage of list price: 98%
Average sale price: $392,468
Median sale price: $337,500
Average Days on market: 74

This breaks down by type as follows:

Single Family Detached Homes
Sale: 27
Average Price Per foot: $194.69
Sale price as a percentage of list price: 98%
Average sale price: $456,246

Median sale price: $431,300
Average Days on market: 72

Condos and Townhomes:
Total sales : 16
Average Price Per foot: $191.65
Sale price as a percentage of list price: 98%
Average sale price: $284,843
Median sale price: $275,000
Average Days on market:77

Single family stats are showing some strength this month while the condo numbers are down.  The overall numbers are down due to the condos.  But, one month does not make a trend.Months of inventory is down and that could also impact future pricing.

 

Adam Tarr PC
Citywide Real Estate
Phoenix AZ

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