Desert Ridge, Phoenix AZ August 2016 real estate stats

August 2016 saw a total of 51 home sales in the Desert Ridge area.  As of this writing there are 157 active listings, This brings the  inventory level to 3.08 months worth of supply based on the August 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 480-236-7374480-236-7374. Find out about the Desert Ridge Lifestyle now!

 

Total August sales: 51
Average Price Per foot: $187.83
Sale price as a percentage of list price: 98%
Average sale price: $388,987
Median sale price: $370,000
Average Days on market: 101

This breaks down by type as follows:

Single Family Detached Homes
Sale: 37
Average Price Per foot: $186.77
Sale price as a percentage of list price: 98%
Average sale price: $426,401

Median sale price: $415,000
Average Days on market: 76

Condos and Townhomes:
Total sales : 14
Average Price Per foot: $190.66
Sale price as a percentage of list price: 96%
Average sale price: $290,107
Median sale price: $297,500
Average Days on market:169

Adam Tarr PC
Citywide Real Estate
Phoenix AZ

August 2016 real estate stats for 85050, Phoenix,AZ

August 2016 saw a total of 61 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 147 active listings and 73 under contract within 85050, so the inventory levels  are 2.4 month's worth of supply based on the August 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 August sales: 61

Average Price Per foot: $177.84
Sale price as a percentage of list price: 98%
Average sale price: $353,732
Average Days on market: 70

This breaks down by type as follows:

Single Family Detached Homes
Sales: 53

Average Price Per foot: $179.31

Sale price as a percentage of list price: 98%
Average sale price: $3967,456
Average Days on market: 64

Condos and Townhomes:
Total sales 8
Average Price Per foot: $168.13
Sale price as a percentage of list price: 98%
Average sale price: $262,812
Average Days on market: 113

Prices for all properties ranged from $175,000 for a 232 1361 sf town home to $639,900 for a 4/3.5, 3537 sq.ft. single family home in Firside 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