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