Desert Ridge November 2015 real estate stats
Total November sales: 18
Average Price Per foot: $190.49
Sale price as a percentage of list price: 96%
Average sale price: $429,789
Median sale price: $407,500
Average Days on market: 91
This breaks down by type as follows:
Single Family Detached Homes
Sale: 9
Average Price Per foot: $185.17
Sale price as a percentage of list price: 97%
Average sale price: $571,000
Median sale price: $550,000
Average Days on market: 114
Condos and Townhomes:
Total sales : 9
Average Price Per foot: $195.81
Sale price as a percentage of list price: 95%
Average sale price: $288,578
Median sale price: $281,500
Average Days on market:69
The months supply of inventory shot up in November, but it is not a major concern. Two factors contribute to this change. It is common to see a decline in sales this time of year and the new TRID requirements, which were implemented in the beginning of October were expected to impact closing times in the short run as the industry and consumers adjust to new timelines.
Adam Tarr PC
Citywide Real Estate
Phoenix AZ