Desert Ridge December 2018 Real Estate stats

December 2018 saw a total of 45 home sales in the Desert Ridge area.  As of this writing there are 114 active listings, This brings the  inventory level to 2.53 months worth of supply based on the December sales.   There are currently 26 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!

December Total sales: 45
Average Price Per foot: $204.07
Sale price as a percentage of list price: 98%
Average sale price: $533,406
Median sale price: $552,000
Average Days on market: 63

This breaks down by type as follows:

Single Family Detached Homes
Sale: 35
Average Price Per foot: $200.38
Sale price as a percentage of list price: 99%
Average sale price: $602,180

Median sale price: $590,000
Average Days on market: 63

Condos and Townhomes:
Total sales : 10
Average Price Per foot: $216.99
Sale price as a percentage of list price: 98%
Average sale price: $292,699
Median sale price: $289,000
Average Days on market:63

 December sales are typically slow, and we should see significant increases in January, with the start of the selling season in our market.  Sales are still strong with reasonable appreciation year over year.

Adam Tarr PC 

MavRealtyPhoenix AZ