Adam Tarr PC's Phoenix area Real Estate Blog: phoenix

Showing posts with label phoenix. Show all posts

Wednesday, January 23, 2019

This really is a beautiful place to live

I was hiking the Pinnacle Peak trail a couple days ago, which I try to do 2-3 times a week. I can exercise anywhere, including at home, but I enjoy the PP trail for it's level of exercise and, of course, for the natural beauty. There are many other trails in the area, and I have posted about them on various venues before. They all have their attributes. This isn't as much about this particular trail as it is the wonderful natural beauty of the Arizona desert.

While on this hike two I heard and saw a couple things that triggered my thoughts to write this. I saw a family with a young boy who had a toss camera in his hands. He stopped to take a picture, and took a few steps, wound the camera and took another. This brought back fond memories of a trip our family took back in 2007. My son had just gotten a new digital camera for his birthday and was very excited to use as we made our way through some of the national and state parks in northern AZ. One stop was at the Petrified Forest. As we made our way along the trail, my son was step, click...step, click...step, click. While he loved the camera, it was truly nature that was captivating to him, and there are a few hundred pictures to document that. On that trip we also visited the Painted Desert, the Grand Canyon, and a couple state parks that included cliff dwellings and lava flows. We all really enjoyed it.

The second thing I heard on the Pinnacle trail was a young couple saying "it's amazing that this is all in our back yard. It's a shame so many people who live here don't bother to explore what the Phoenix area has to offer". (A little paraphrasing on my part, but the sentiment is the same)

I couldn't agree more. Whether it's the trails in the McDowell Mountain Preserve, The Phoenix Mountains Preserve or many others throughout the Phoenix metro area, there is much to behold. I have seen families of deer, all kinds of lizards and much more on my hikes. But it's not just our local area. The state is full of wonders, from the Red Rocks of Sedona, to the Grand Canyon, and south to Karchner Caverns, the state is a wonderland.

Whether you live here, are just visiting, or want to move here, check out all of our natural resources!! You won't regret it.

Adam Tarr PC
Mav Realty
480-236-7374

Saturday, January 19, 2019

I am not buying it, you are

In all my years in real estate, I have often been asked by clients what I thought of a property, and whether they should buy. My short answer is that I am not the one who will be living in the home, or paying for it, so, I can't really make that commitment. I always review the info available so that my clients can make an educated decision.

I just read a blog post by Nick Vandekar, a Realtor in the Philly Main Line area. I think his post covers the above subject well, and doesn't need my restatement. Good job Nick. Here is what he wrote, and I fully agree with:

A client loved a particular home. They made an offer and their offer was accepted. It was an estate selling the home as is. Home inspections were arranged. Issues arose.
The home was riddled with mold. Water was getting into the basement. It was going to take extensive remediation to fix.There were also potential issues with the electrical wiring and the home inspector called for further investigation by an electrical contractor. However the inspector said the house was solid and had good bones.
The buyer arranged some further inspections and contractors to visit the house. Yes the wiring needed to be replaced, it was old and was not up to code. But nice house and well built said the electrician.
The contractor visited to look at the issue of water penetration, yes it would need some landscaping and some drainage issues to fix the water penetration. Well built house said the contractor.
Finally the mold remediation expert came by. He looked around and shook his head, it was going to take a lot of work to fix, but it could be done and the house was worth it as it was well built.
Now, the client was handy, the price was a deal for the area, the location was excellent, close to the buyers work, in a good school district, etc. But not once did an inspector or contractor say "Don't buy the house".
In conversation he was intrigued that not once did anyone question his purchase or advise him not to buy. Everyone mentioned how well built or what a great location or words along similar lines.
He was very surprised. So we sat down and said to him, it is your decision to buy or not to buy. Every expert is here to give you information so you can make the right decision for you. They supply you with the data, you make the choice. Not them. It is really irrelevant what they think about the house other than their specific area of expertise. Likewise, it is not our position to tell you to buy or not or what price to offer or pay. Only you can make that decision, we can supply you with the information, the data, explain it and help you feel confident in your decision, but at the end of the day it is your choice. You have to decide if you want to pay the price for the renovations, the remediation of the mold, the updates to the electrical system, the landscaping and everything else and if it is worth it to you.
They went ahead and they were very happy, they got a home in a great location, with excellent equity built in as the repairs were completed and they love their home. It was exactly what they were looking for and they don't regret buying the home, not even once.
But, don't expect anyone to tell you what to do. It is your choice when buying a home, we can all only give you the data and the information you need to make the decision.

Adam Tarr PC
Mav Realty AZ
480-236-7374

Monday, January 14, 2019

December 2018 Real Estate Stats, Scottsdale AZ 85254

December 2018 saw a total of 64 home sales in the 85254 Zip code of Scottsdale. As of this writing there are 212 active listings and 68 under contract within 85254, so the inventory levels are at 3.31 months worth of supply based on the December 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 December sales: 64
Average Price Per foot: $226.72
Sale price as a percentage of list price: 97%
Average sale price: $517,730
Average Days on market: 66

This breaks down by type as follows:

Single Family Detached Homes
Sales: 48
Average Price Per foot: $209.55
Sale price as a percentage of list price: 97%
Average sale price: $555,476
Average Days on market: 64

Condos and Townhomes:
Total sales :16
Average Price Per foot: $278.23
Sale price as a percentage of list price: 98%
Average sale price: $404,492
Average Days on market: 72

Prices for all properties ranged from $144,000 for a 1/1, 753 sq. ft. condo in Tuscany Villas to $1.358M for a 4/4, 4999 sq.ft. custom home in Century Club Estates.

Adam Tarr PC
MavRealty
480-236-7374

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

Friday, July 7, 2017

June Real Estate stats for Phoenix, AZ 85054

June 2017 saw a total of 26 homes sales in the 85054 Zip code of Northeast Phoenix. As of this writing there are 59 active listings and 12 under contract within 85054, so the inventory level is 2.27 months worth of supply based on the June 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, High Street, 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., 64th 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 June sales: 26
Average Price Per foot: $205.36
Sale price as a percentage of list price: 98%
Average sale price: $382,018
Average Days on market: 72

This breaks down by type as follows:

Single Family Detached Homes
Sale:14
Average Price Per foot: $215.68
Sale price as a percentage of list price: 98%
Average sale price: $501,441
Average Days on market: 68

Condos and Townhomes:
Total sales :12
Average Price Per foot: $193.31
Sale price as a percentage of list price: 98%
Average sale price: $242,692
Average Days on market: 77

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

June 2017 Real Estate Stats for Phoenix, AZ 85050

June 2017 saw a total of 76 home sales in the 85050 Zip code of Northeast Phoenix. As of this writing there are 132 active listings and 80 under contract within 85050, so the inventory levels are 1.74 month's worth of supply based on the June 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 June sales: 76

Average Price Per foot: $184.98
Sale price as a percentage of list price: 98%
Average sale price: $373,224
Average Days on market: 69

This breaks down by type as follows:

Single Family Detached Homes
Sales: 66

Average Price Per foot: $184.18

Sale price as a percentage of list price: 98%
Average sale price: $386,790
Average Days on market: 57

Condos and Townhomes:
Total sales 10
Average Price Per foot: $190.25
Sale price as a percentage of list price: 99%
Average sale price: $283,690
Average Days on market: 154

Prices for all properties ranged from $195,000 for a 3/2.5, 1372 sq ft town home to $850,000 for a 5/4.5, 5123 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.

It is rare that the months supply of inventory drops under 2 months. Summer typically slows down, so expect this to rise again due to that historic norm. Still, this is a strong indicator of continued strength and growth.
Adam Tarr PC
Realty ONE Group480-236-7374j

Thursday, July 6, 2017

Desert Ridge real estate update June 2017

June 2017 saw a total of 53home sales in the Desert Ridge area. As of this writing there are 134 active listings, This brings the inventory level to 2.53 months worth of supply based on the June sales. There are currently 58 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!

June Real Estate stats for Scottsdale AZ 85254

June 2017 saw a total of 105 home sales in the 85254 Zip code of Scottsdale. As of this writing there are 2240 active listings and 129 under contract within 85254, so the inventory levels are at 2.29 months worth of supply based on the June 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 June sales: 105
Average Price Per foot: $214.97
Sale price as a percentage of list price: 97%
Average sale price: $489,590
Average Days on market: 71

This breaks down by type as follows:

Single Family Detached Homes
Sales: 85
Average Price Per foot: $202.17
Sale price as a percentage of list price: 98%
Average sale price: $520,986
Average Days on market: 77

Condos and Townhomes:
Total sales :20
Average Price Per foot: $269.35
Sale price as a percentage of list price: 97%
Average sale price: $356,160
Average Days on market: 49

Prices for all properties ranged from $136,000 for a 2/1.5, 992 sq. ft. town house to $1.895M for a 5/4, 5316 sq.ft. custom home.

Adam Tarr PC
Realty ONE Group
480-236-7374

Wednesday, June 14, 2017

So... you are thinking of doing some updating instead of moving. One of the most common areas to update is the kitchen. Whether you plan to be in the home for the long haul, or only a couple more years, there is a lot to think about when choosing what to do with the update. It might be tempting to skimp on the budget if you expect to move in a couple years. But, doing it right will help your resale value.

The kitchen is one area of the home that sees the most wear and tear. All the water, heat, and food spills add up quickly so it’s important to focus on quality and lasting appeal when you’re choosing materials for a kitchen remodel. Here are a few things you should avoid:

Cheap Laminate Countertops: The bottom rung of laminate is extremely susceptible to wear and tear. It can melt if you forget to place a hot pad under a pan that’s fresh out of the oven and the edges can chip off from repeated exposure to moisture and heat.

Flat Paint: A flat or matte finish is great in rooms with lower traffic, but it’s a bad idea in the kitchen where the walls are regularly exposed to splatters and spills. You need paint that can withstand an occasional heavy scrubbing, so opt for gloss or semi-gloss finishes.

Trendy Backsplash: If you watch any home remodeling show, you’ll certainly see kitchens with expensive, elaborate backsplash designs and materials. Those trends can be pricey to pursue and can look dated in a hurry. Subway tile is a cheaper, classic option that you’ll never regret, plus you’ll have more room in your budget to purchase quality materials to be used elsewhere.

Cheap Flooring: Just like the countertops, your kitchen floor needs to be strong enough to take some abuse. Cheap flooring easily scuffs and peels (especially from moisture). Quality flooring is worth the investment.

If you are thinking of moving instead, please contact me so we can discuss how to best market your home and whatever finishes it has.

Adam Tarr PC
Realty ONE Group
480-236-7374
adam@WeAreAZRealEstate.com

Monday, June 5, 2017

May 2017 real estate stats for Phoenix, 85050

May 2017 saw a total of 69 home sales in the 85050 Zip code of Northeast Phoenix. As of this writing there are 138 active listings and 94 under contract within 85050, so the inventory levels are 2 month's worth of supply based on the May 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 May sales: 69

Average Price Per foot: $183.81
Sale price as a percentage of list price: 98%
Average sale price: $381,541
Average Days on market: 65

This breaks down by type as follows:

Single Family Detached Homes
Sales: 58

Average Price Per foot: $182.99

Sale price as a percentage of list price: 98%
Average sale price: $400,230
Average Days on market: 63

Condos and Townhomes:
Total sales 11
Average Price Per foot: $188.15
Sale price as a percentage of list price: 97%
Average sale price: $283,000
Average Days on market: 71

Prices for all properties ranged from $225,000 for a 2/2, 1238 sq ft condo and a 2/2, 1052 sq ft single family home to $995,000 for a 4/4.5, 51236 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
Realty ONE Group480-236-7374

Desert Ridge May 2017 real estate stats

May 2017 saw a total of 54 home sales in the Desert Ridge area. As of this writing there are 128 active listings, This brings the inventory level to 2.37 months worth of supply based on the May sales. There are currently 72 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!

Thursday, May 4, 2017

Desert Ridge Real Estate Stats for April 2017

April 2017 saw a total of 35 home sales in the Desert Ridge area. As of this writing there are 143 active listings, This brings the inventory level to 4.09 months worth of supply based on the April sales. There are currently 80 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!

Wednesday, April 5, 2017

Desert Ridge Real Estate Stats March, 2017

March 2017 saw a total of 44 home sales in the Desert Ridge area. As of this writing there are 137 active listings, This brings the inventory level to 3.11 months worth of supply based on the March sales. There are currently 68 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!

Wednesday, January 4, 2017

December 2016 real estate stats Phoenix, AZ 85050

December 2016 saw a total of 52 home sales in the 85050 Zip code of Northeast Phoenix. As of this writing there are 121 active listings and 61 under contract within 85050, so the inventory levels are 2.35 month's worth of supply based on the December 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 December sales: 52

Average Price Per foot: $171.19
Sale price as a percentage of list price: 98%
Average sale price: $392,775
Average Days on market: 73

This breaks down by type as follows:

Single Family Detached Homes
Sales: 47

Average Price Per foot: $170.38

Sale price as a percentage of list price: 98%
Average sale price: $398,964
Average Days on market: 68

Condos and Townhomes:
Total sales 5
Average Price Per foot: $178.78
Sale price as a percentage of list price: 97%
Average sale price: $334,559
Average Days on market: 122

Prices for all properties ranged from $250,000 for a /2 1691 sf single family detached home to $827,500 for a 6/4, 4640 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

Tuesday, November 1, 2016

October 2016 Real Estate stats for Scottsdale, AZ 85254

October 2016 saw a total of 92 home sales in the 85254 Zip code of Scottsdale. As of this writing there are 256 active listings and 107 under contract within 85254, so the inventory levels are at 2.78 months worth of supply based on the October 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 October sales: 92
Average Price Per foot: $193.59
Sale price as a percentage of list price: 98%
Average sale price: $447,786
Average Days on market: 90

This breaks down by type as follows:

Single Family Detached Homes
Sales: 79
Average Price Per foot: $195.22
Sale price as a percentage of list price: 98%
Average sale price: $493,054
Average Days on market: 97

Condos and Townhomes:
Total sales :13
Average Price Per foot: $183.70
Sale price as a percentage of list price: 98%
Average sale price: $172,698
Average Days on market: 47

Prices for all properties ranged from $100,000 for a 1/1, 560 sq. ft. town home to $1.665M for a 6/5.5, 6730 sq.ft. custom single family detached home.

Adam Tarr PC
Citywide Real Estate
480-236-7374

October 2016 Real Estate stats for Phoenix, 85050

October 2016 saw a total of 57 home sales in the 85050 Zip code of Northeast Phoenix. As of this writing there are 144 active listings and 81 under contract within 85050, so the inventory levels are 2.53 month's worth of supply based on the October 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 October sales: 57

Average Price Per foot: $178.03
Sale price as a percentage of list price: 98%
Average sale price: $343,368
Average Days on market: 61

This breaks down by type as follows:

Single Family Detached Homes
Sales: 52

Average Price Per foot: $176.71

Sale price as a percentage of list price: 98%
Average sale price: $346,461
Average Days on market: 58

Condos and Townhomes:
Total sales 5
Average Price Per foot: $191.75
Sale price as a percentage of list price: 97%
Average sale price: $311,199
Average Days on market: 87

Prices for all properties ranged from $178,500 for a 2/2 1092 sf single family detached home to $750,000 for a 4/2.5, 3622 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

Wednesday, October 5, 2016

September 2016 Real Estate Stats for Phoenix 85054

September 2016 saw a total of 18 homes sales in the 85054 Zip code of Northeast Phoenix. As of this writing there are 64 active listings and 20 under contract within 85054, so the inventory level is 3.55 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, High Street, 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., 64th 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: 18
Average Price Per foot: $193.60
Sale price as a percentage of list price: 97%
Average sale price: $432,362
Average Days on market: 89

This breaks down by type as follows:

Single Family Detached Homes
Sale:11
Average Price Per foot: $187.16
Sale price as a percentage of list price: 97%
Average sale price: $531,264
Average Days on market: 108

Condos and Townhomes:
Total sales :7
Average Price Per foot: $203.72
Sale price as a percentage of list price: 98%
Average sale price: $276,944
Average Days on market: 159

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

Tuesday, October 4, 2016

September Real Estate Market Stats for Phoenix, 85050

September 2016 saw a total of 45 home sales in the 85050 Zip code of Northeast Phoenix. As of this writing there are 152 active listings and 83 under contract within 85050, so the inventory levels are 3.38 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: 45

Average Price Per foot: $177.83
Sale price as a percentage of list price: 98%
Average sale price: $392,612
Average Days on market: 67

This breaks down by type as follows:

Single Family Detached Homes
Sales: 40

Average Price Per foot: $176.99

Sale price as a percentage of list price: 98%
Average sale price: $397,614
Average Days on market: 63

Condos and Townhomes:
Total sales 5
Average Price Per foot: $184.59
Sale price as a percentage of list price: 96%
Average sale price: $352,600
Average Days on market: 106

Prices for all properties ranged from $215,000 for a 2/2 1350 sf single family detached home to $839,000 for a 4/4, 4519 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 2016 real estate market stats

September 2016 saw a total of 38 home sales in the Desert Ridge area. As of this writing there are 160 active listings, This brings the inventory level to 4.21 months worth of supply based on the September sales. There are currently 67 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!

Friday, September 2, 2016

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!