Desert Ridge May 2016 real estate stats
Total May sales: 47
Average Price Per foot: $190.83
Sale price as a percentage of list price: 98%
Average sale price: $419,145
Median sale price: $389,500
Average Days on market: 103
This breaks down by type as follows:
Single Family Detached Homes
Sale: 33
Average Price Per foot: $192.46
Sale price as a percentage of list price: 98%
Average sale price: $475,036
Median sale price: $434,900
Average Days on market: 84
Condos and Townhomes:
Total sales : 14
Average Price Per foot: $196.98
Sale price as a percentage of list price: 97%
Average sale price: $287,401
Median sale price: $275,250
Average Days on market:148
Last month I said that one month does not make a trend and that months of inventory was down and that could also impact future pricing. Right on both counts. Sales were steady, with price per foot slightly down, but average and median pricing up. Months of inventory is down 10 days. The overall market is still showing positive stability.
Adam Tarr PC
Citywide Real Estate
Phoenix AZ