Desert Ridge AZ is a vibrant 5,700 acre community, located within the Desert Ridge Master-Plan. It boasts incredible desert views,the excelling Paradise Valley School District, an amazing 15,000 square foot community center, and wonderful shopping/dining opportunities at the nearby Desert Ridge Marketplace. Each month, we publish the Desert Ridge AZ Homes Monthly Real Estate Report to allow you to keep tabs on the market in this very popular community.
Subscribe to the Desert Ridge AZ Homes Monthly Real Estate Report to get this report delivered to your inbox on a monthly basis. The report is meant to keep you up-to-date on the latest real estate trends in the community.
Before I begin to explain the findings in the above chart, allow me to take a moment to define some of the terms.
Active: Listings that are currently listed as being "Active" in the MLS.
Pending: Listings that are currently under contract. This includes both Short Sales and Traditional (non- distressed) listings.
Closed: These are homes that closed escrow during the month of June / 2012.
Traditional: These are listings that are "non-distressed" (i.e., not short sales or bank-owned).
Short Sales: These are listings that are marketed/sold for less than what is owed on their respective mortgages.
Bank-Owned: As the title implies, these are listings that are marketed/sold by the bank/lender that owns them.
Other/Misc.: These listings are owner/agent, probate, court approval required, etc.
There are currently 56 Active Listings on the market in Desert Ridge:
38 Are Traditional Listings
13 Are Short Sales
04 Are Bank Owned
01 Is/Are Other/Misc.
There are currently 155 Pending Listings in Desert Ridge:
58 Are Traditional Listings
81 Are Short Sales
08 Are Bank-Owned
08 Is/Are Other/Misc.
During the month of June / 2102, there were 60 closed listings in Desert Ridge:
34 Were Traditional Listings
20 Were Short Sales
06 Were Bank-Owned
0 Is/Are Other/Misc.
Finally, in the Desert Ridge AZ Homes Monthly Real Estate Report, we will compare month/month cost per square foot for those homes that closed escrow in June / 2012:
The Average Price/Square Foot for homes sold in May/ 2012 in Desert Ridge, AZ was $126.04 per square foot.
The Average Price/Square Foot for homes sold in June / 2012 was $127.27 per square foot.
This represents a .97% increase in prices within the community from May / 2012 to June / 2012! The fact that 34 of the 60 closings were Traditional Sales probably had a lot to do with this increase.
This handy chart below shows the average Price/SF in Desert Ridge since January/2010. This metric is definitely headed in the right direction!...
If you are looking at purchasing a home in Desert Ridge AZ, feel free to call the Desert Ridge AZ Homes Team for a more in-depth analysis of area. We have helped countless Desert Ridge AZ Home Buyers find their dream homes over the years, as well as surrounding neighborhoods in the area.
Or, if you would like to search for you own Desert Ridge AZ homeson the internet, you've come to the right place. Our Desert Ridge AZ Search allows you to set up your own search parameters, and you will receive an email whenever a new listing that matches your needs hits the market. Trust me, you'll love it!
As I said at the beginning, I will be posting this information on a monthly basis. If you'd like to keep abreast of the latest happenings, feel free to subscribe to the Desert Ridge AZ Homes Monthly Report to get monthly updates on the market.
Below is a small sampling of the homes that are currently listed and available in the Desert Ridge market. Feel free click on the blue link titled “See More Desert Ridge Homes For Sale” to get a complete list of homes that are currently available. These listings are taken directly from the Arizona MLS, which gives you the most up-to-date source of listing information on the planet. Enjoy!
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