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Desert Ridge December 2015 real estate stats

December 2015 saw a total of 39 home sales in the Desert Ridge area.  As of this writing there are 138 active listings, This brings the  inventory level to 3.54 months worth of supply based on the December sales.   There are currently 43 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 November sales: 39
Average Price Per foot: $187.65
Sale price as a percentage of list price: 97%
Average sale price: $398,499
Median sale price: $395,000
Average Days on market: 77

This breaks down by type as follows:

Single Family Detached Homes
Sale: 29
Average Price Per foot: $186.21
Sale price as a percentage of list price: 97%
Average sale price: $439,660

Median sale price: $425,000
Average Days on market: 79

Condos and Townhomes:
Total sales : 10
Average Price Per foot: $191.82
Sale price as a percentage of list price: 97%
Average sale price: $279,130
Median sale price: $247,500
Average Days on market:69

The month's supply of inventory returned to a normal range after a November blip due to low sales possibly because of TRID delays.  Pricing edged down, but overall trends and stats indicate this too will be a small blip.  Pricing is expected to remain stable with positive pressure.

 

Adam Tarr PC
Citywide Real Estate
Phoenix AZ

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