Mav Realty

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 16 sales during the month of February.  These inlcuded condos and single family detached homes.  There were 10 condos ranging in price from $164,000 to $301,666 and in size from 1246 to 1884 sq. ft.  All condos were 2 bed/2 bath. Average sold price per foot ($/ft) was 162.39 and the median $/ft was $155.48. Average sale price was $243,177 while the median was 252,500.  Average days on market was 97.

There were 6 single family homes ranging from $135,000 to $651,000 and from 1394 sf to 5050 sf. The average $/ft was $147.19 and the median was $150.21.  The average sale price was $426,833 and the median sale price was $482,500.  Average days on market was 43

Comparing year over year, sales for February were down considerably from Feb. 2011, which saw 41 sales.  But, the average price per foot saw significant increases.  The overall average price per foot increased almost 13.5% from $138.09 to $156.69. 

Price per foot was up 11.3% from January over all as well, but sales were down from January's total of 27  There were apparently MLS glitches when I put together last months numbers. At the time I originally blogged, only 11 sales were showing for January.  There are currently 77 properties under contract.  44 of those are short sales.  There are 92 active listings as of the writing of this blog.

Adam Tarr PC
Citywide Real Estate
Phoenix, AZ
480-236-7374