Monday, August 29, 2011

Desert Ridge Market Update

The Desert Ridge area is located in the far North Central section of Phoenix, and covers several new-ish neighborhoods just north of the Loop 101 freeway, between Scottsdale Road and Cave Creek Road.

Most housing in the Desert Ridge area was built between the mid 1990s and the early 2000s.  Almost all housing is wood frame covered by painted stucco, with concrete tile roofs. This is standard for construction in this age range. While most homes built were single-family detached, there were a few condos and townhomes built as well.

There are several factors that make the area desirable to many buyers:

  • Beautiful views of the surrounding mountains, with nearby hiking  recreation areas;

  • A gigantic shopping mall at the intersection of Tatum Road and the Loop 101; and

  • The area lies within the Paradise Valley school district, widely believed to be the best in the metro region and possibly the best in the state

Homes for Sale in Desert Ridge

  • Active Listings: 29 homes (view these homes)

  • AWC Listings: 8 homes (what is AWC?)

  • Pending Listings: 18 homes

  • Sold Listings, past 90 days: 35 sales

Desert Ridge Price Information

  • Average List Price: $152.23 per square foot (last update: $150.90/sf)

  • Average AWC Price: $128.81 per square foot (last update: $125.29/sf

  • Average Pending Price: $136.31 per square foot (last update: $135.74/sf)

  • Average Sold Price: $130.60 per square foot (last update: $134.33/sf)

  • List Price to Sold Price Ratio: 107.21% (last update: 96.82%)

Average Days on Market for Desert Ridge homes = 64 days (last update: 121 days)

Popular Desert Ridge area Home Searches: