Desert Ridge January stats
Desert Ridge is a wonderful Master Planned community located in
Northeast Phoenix. Situated by the intersection of two freeways, access
to all parts of the Phoenix metro area is convenient. Desert Ridge is
known for it's variety of shopping, dining, and homes as well as award
winning schools and the world reknown JW Marriot Desert Ridge Resort.
Check out more on Desert Ridge here.
There were 11 sales during the month of January. These inlcuded condos and single family detached homes. The condos ranged in price from $158,000 to $249,900 and in size from 1386 to 1469 sq. ft. All condos were 2 bed/2 bath. The single family homes ranged from $186,000 to $695,500 and from 1444 sf to 5123 sf.
Comparing year over year, sales for January were down considerably from Jan. 2011, which saw 32 sales. But, the average price per foot saw significant increases. The overall average price per foot increased almost 13.5% from $124.68 to $141.51. This breaks down for single family detached homes as a an 8% increase from $120.59 to $130.40 per foot. Condos/townhomes saw a 13% increase from $136.94 to $154.84. Single family sales outweighed condos 3 to one in Jan. 2011, while the split was almost even last month.
Price per foot was up 2.25% from December over all as well, but sales were down more than half from December. There are currently 32 properties under contract. The overwhelming majority of those are short sales. There are 80 active listings as of the writing of this blog.
Adam Tarr PC
Citywide Real Estate
Phoenix, AZ
480-236-7374
adam@WeAreAZRealEstate.com