Desert Ridge - Phoenix new homes

Hi, A couple weeks ago I blogged about Sanctuary at Desert Ridge. Sanctuary is a new home community by Taylor Morrison Homes. The neighborhood is gated and features a community pool and parks. There are four different collections of homes in Sanctuary. Some of the details are in the previous blog, which you can read here. Three of the collections are already open for sales with the forth opening in preview this weekend. The demand is crazy with thousands of inquiries to the builder. But don't let that scare you off. Someone looking for the first time today has just as good a chance of purchasing in the community as someone who put their name on a list months ago. I've got the scoop on how sales are being handled and how you can position yourself for a chance to own in one of the premier Phoenix neighborhoods. Desert Ridge is located in northeast Phoenix with easy access to the Loop 101 and SR 51 freeways, great shopping and dining at Desert Ridge Marketplace and High Street, award winning schools and so much more. For more info on the area, and Sanctuary, please contact me at adam@WeAreAZRealEstate.com or 480-236-7374. Remember that new home sales agents work for the builder and NOT FOR YOU. Whether you have purchased a home before or not, having the guidance and experience of a Realtor on your side is beneficial. And it won't cost you anything!. I have experience in new home sales that most other agents don't have. I look forward to assisting you! Have a great day! Adam Tarr PC Citywide Real Estate

For Sale: 5 Bedroom, 3 Bath Peoria Home, NO HOA, RV Parking, 3062 Sq. Ft.

What is TRID and how will it affect my home purchase?

Hi,

If you are thinking of buying a home and securing financing to do so, then you will need to know what TRID is.  Yes, it's a weird acronym, and it gets weirder when you realize that it has other acronyms in it.  TRID stands for TILA RESPA Integrated Disclosure.  TILA is Truth in Lending Act and RESPA is the Real Estate Settlement Procedures Act.  TRID went into effect on October 3, 2015.  Prior to that date any new home loan that was started would have various forms including, but not limited to, a Good Faith Estimate and a  HUD-1 Settlement statement.  Those are no more.  Here is a link to a flyer from the Mortgage Bankers Association that will give a little better idea of what TRID means to you the consumer.  The goal is to make lending as transparent as possible and clear for the consumer to understand.  But keep one very important thing in mind:  the forms and timelines only do you good if you review them!

Our AZ real estate contract has had some changes to reflect the new requirements.  Mainly the changes provide language reflecting the timelines now imposed by the CFPB (Consumer Financial Protection Bureau.

My goal as an agent is to make sure my clients have a smooth, successful transaction.  One step in that is dealing with the contract and it's requirements.  If you need help in locating, negotiating and all the other steps involved in a home purchase, please feel free to contact me at
480-236-7374 or adam@WeAreAZRealEstate.com.

Have a great day!
Adam Tarr PC
Citywide Real Estate
Phoenix, AZ

New Construction homes in Desert Ridge, Phoenix, AZ 85050

Do you want to live in Desert Ridge but only want a brand new home?  Well the wait is finally over!!  The long awaited Sanctuary at Desert Ridge by Taylor Morrison Homes is about to open.  Models for 3 of the 4 collections are opening on October 17 with the final opening on October 31.  Sanctuary is a gated community with community pool.

Sanctuary is located at the northern edge of Desert Ridge, southwest of Tatum Blvd and Pinnacle Peak Road.  The community will feature four collections of homes:  The Venture Collection includes homes from 1661 to 2436 sq. ft. starting at $334,990; the Discovery collection includes homes from 1982 - 3811 sq. ft. starting at $419,900; the Passage collection features homes from 2328- 4018 sq. ft starting at $509,900 and the Capstone Collection features homes from 3295 -4290 sq ft, all single level with 4 or 5 car garages starting at $775,990!

The community provides easy access to the Loop 101 and SR 51 freeways, fantastic shopping, dining and entertainment less than 5 minutes away at Desert Ridge Marketplace and High Street and is located within the Paradise Valley Unified School District with award winning schools.

If you are considering a home here, don't forget that the onsite sales agent works for the builder and NOT for you!  Buyer representation costs you nothing and provides additional peace of mind and guidance throughout your new home purchase, build and closing.  Why wouldn't you seek free assistance for such an involved process.  I worked for builders for 8 years and have insight that most other agents don't have.

Please feel free to contact me for more information about these new homes, any Desert Ridge resale homes or any home search throughout the Phoenix metro area.

Have a great day!

Adam Tarr PC
Citywide Real Estate
Phoenix, AZ
480-236-7374
adam@WeAreAZRealEstate.com

September Real Estate stats for Scottsdale, AZ 85254

September 2015 saw a total of 93 home sales in the 85254 Zip code of Scottsdale.  As of this writing there are 261 active listings and 97 under contract within 85254, so the inventory levels are at 2.8 months worth of supply based on the September sales.  85254 encompasses an area roughly bounded by Shea Blvd on the south,Tatum Blvd on the west, Bell Rd and the CAP canal on the north and Scottsdale Road on the East in Scottsdale and NE Phoenix.   Some of the main attractions and destinations in 85254 include Kierland Commons, Westin Kierland Resort, CrackerJax Family Fun Center, Orange Tree Resort, Excelling Paradise Valley Unified School District and Scottsdale School District schools and much more.  85254 has long been called the "magic zip code" in the real estate business for it's desirability.  For more information on the area as well as available homes, please  call me at 480-236-7374.

Total September sales: 93
Average Price Per foot: $183.83
Sale price as a percentage of list price: 97%
Average sale price: $405,097
Average Days on market: 88

This breaks down by type as follows:

Single Family Detached Homes
Sales: 83
Average Price Per foot: $182.91
Sale price as a percentage of list price: 97%
Average sale price: $426,572
Average Days on market: 92

Condos and Townhomes:
Total sales :10
Average Price Per foot: $191.44
Sale price as a percentage of list price: 98%
Average sale price: $226,850
Average Days on market: 50

Prices for all properties ranged from $135,000 for a 2/1, 784 sq. ft. townhome  to $755K for a  4/6, 3776 sq.ft. custom single family detached home.

Adam Tarr PC
Citywide Real Estate
480-236-7374

September 2015 real estate stats for Phoenix, AZ 85054

September 2015 saw a total of 13 homes sales in the 85054 Zip code of Northeast Phoenix.  As of this writing there are 72 active listings and 27 under contract within 85054, so the inventory level is 5.54 months worth of supply based on the September sales.  85054 encompasses an area roughly bounded by Scottsdale Road, Jomax Rd, Tatum Blvd and the CAP Canal in Northeast Phoenix.   Some of the main attractions and destinations in 85054 include Scottsdale 101 Shopping as well as Desert Ridge MarketPlace, Musical Instrument Museum, Horse Lovers Park, Reach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more in the adjacent 85050 ZIP code.  The  junction of the Loop 101 and SR 51 lies just east and the Loop 101 runs through 85054 with access at 56th St and Tatum Blvd. for easy access to all parts of the valley.  For more information on the area as well as available homes, please  call me at 480-236-7374.

Total September sales: 13
Average Price Per foot: $195.44
Sale price as a percentage of list price: 98%
Average sale price: $351,435
Average Days on market: 155

This breaks down by type as follows:

Single Family Detached Homes
Sale: 6
Average Price Per foot: $195.21
Sale price as a percentage of list price: 99%
Average sale price: $455,750
Average Days on market: 57

Condos and Townhomes:
Total sales : 7
Average Price Per foot: $195.64
Sale price as a percentage of list price: 97%
Average sale price: $262.021
Average Days on market: 240

Data includes single family detached homes, town homes and condos.  It does not include mobile or land.
Adam Tarr PC
Citywide Real Estate
480-236-7374

September 2015 Real Estate Stats Phoenix, AZ 85050

September 2015 saw a total of 49 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 125 active listings and 85 under contract within 85050, so the inventory levels  are 2.55 month's worth of supply based on the September sales.  85050 encompasses an area roughly bounded by Union Hills Drive, Cave Creek Road, Jomax Road and Tatum Boulevard in Northeast Phoenix.   Some of the main attractions and destinations in 85050 include Desert Ridge MarketPlace, Musical Instrument Museum, Horse Lovers Park, Reach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more.  The  junction of the Loop 101 and SR 51 lies in the midst of 85050 for easy access to all parts of the valley.  For more information on the area as well as available homes, please  call me at 480-236-7374. 
Total September sales: 49

Average Price Per foot: $169.48
Sale price as a percentage of list price: 98%
Average sale price: $345,508
Average Days on market: 59

This breaks down by type as follows:

Single Family Detached Homes
Sale: 47

Average Price Per foot: $170.30

Sale price as a percentage of list price: 98%
Average sale price: $351,491
Average Days on market: 60
Condos and Townhomes:
Total sales 2
Average Price Per foot: $150.12
Sale price as a percentage of list price: 98%
Average sale price: $204,888
Average Days on market: 19

Prices for all properties ranged from $164,900 for a 2/2 1138sf single family home to $845,000 for a for a 5/4.5, 3894 sq.ft. single family home in Aviano at Desert Ridge.  Data includes single family, town home and condos.  Data does not include land or mobile.

Adam Tarr PC
Citywide Real Estate
480-236-7374 

Desert Ridge - September and 3rd qtr real estate statistics

September 2015 saw a total of 33 home sales in the Desert Ridge area.  As of this writing there are 125 active listings, This brings the  inventory level to 3.79 months worth of supply based on the September sales.   There are currently 52 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 September sales:33
Average Price Per foot: $191.93
Sale price as a percentage of list price: 97%
Average sale price: $429,962
Median sale price: $280,000
Average Days on market: 102

This breaks down by type as follows:

Single Family Detached Homes
Sale: 28
Average Price Per foot: $189.90
Sale price as a percentage of list price: 98%
Average sale price: $450,929

Median sale price: $432,500
Average Days on market: 78

Condos and Townhomes:
Total sales : 5
Average Price Per foot: $203.33
Sale price as a percentage of list price: 96%
Average sale price: $312,550
Median sale price: $265,000
Average Days on market:233

Overall, For the third quarter, the average sold price per foot was $189.06 the median sold price per foot was $186.52, the average days on market was 94 and listings sold for 98% of list. The average price per foot increased just over 4% year over year and he median just over 3% for the same quarter.

Seasonally, a drop in numbers is expected.  Historically, we can expect a slight increase in the next month and then a slowdown approaching the holidays.

Adam Tarr PC
Citywide Real Estate
Phoenix AZ

Desert Ridge, Northeast Phoenix's premier address - Schools