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Desert RIdge Real Estate Stats for April 2014

April 2014 saw a total of 38 home sales in the Desert Ridge area.  As of this writing there are 161 active listings, This brings the  inventory level to 4.23 months worth of supply based on the April sales.   There are currently 59 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 April sales: 38
Average Price Per foot: $183.18
Sale price as a percentage of list price: 97%
Average sale price: $394,060
Median sale price: $362,450
Average Days on market: 92

This breaks down by type as follows:

Single Family Detached Homes
Sale: 26
Average Price Per foot: $180.78
Sale price as a percentage of list price: 97%
Average sale price: $425,111
Median sale price: $421,250
Average Days on market: 72

Condos and Townhomes:
Total sales : 12
Average Price Per foot: $188.38
Sale price as a percentage of list price: 98%
Average sale price: $293,183
Median sale price: $272,500
Average Days on market:135

 

April continued to show gains in price per foot, the most stable indicator.  This is expected as pricing tends to lag activity by a few months.  Volume across the valley has slowed, and we will see price gains slow as well. Summer typically brings a decline in sales activity.  So far the sales graph has echoed most years, albeit at lesser numbers. 

Adam Tarr PC
Citywide Real Estate
Phoenix AZ 

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