Lisa Groth - Desert Ridge - April 2018

LISA GROTH REALTOR®

21803 N Scottsdale Ridge, Suite 100 Scottsdale, AZ 85255 Each office independently owned and operated.

623.293.0172 LGroth@remax.net www.DiscoverDesertRidge.com

APRIL 2018 REAL ESTATE MARKET REPORT

For current market activity, community information, and more, visit:

www.DiscoverDesertRidge.com MARKET. COMMUNICATE. NEGOTIATE. SOLD.

welcome your new neighbor TO MAGNIFICENT DESERT RIDGE!

so happy TO HELP YOU FIND YOUR DREAM HOME IN D E S E RT R I D G E

www.DiscoverDesertRidge.com Homeowner, What a pleasure assisting this homeowner in finding her dream home in Desert Ridge and introducing her to the great lifestyle Desert Ridge has to offer. This property generated a high level of interest and I know a number of buyers who might be interested in your home. If you have any interest in selling your home, I would love to meet with you and discuss what your home may sell for.

PRESENTED BY LISA GROTH

Y O U R D E S E R T R I D G E R E A L E S TAT E S P E C I A L I S T

Call me today at 623.293.0172.

PREPARED ESPECIALLY FOR Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018

Homeowner

DESERT RIDGE

LISA GROTH REALTOR | RE/MAX Excalibur ®

REAL ESTATE MARKET REPORT

623.293.0172 LGroth@remax.net www.TramontoLifestyles.com

Homeowner, If you want to know what your home would sell for in today’s market, contact me at 623.293.0172 for your free report.

For current market activity, community information, and more, visit:

Connect with me on:

www.DiscoverDesertRidge.com

HOMES RECENTLY LISTED IN DESERT RIDGE (41 Total Available)

1 ST Q U A R T E R

41

R E A L E S TAT E REVIEW $

Deser t Ridge is in a

CURRENT LISTINGS

SELLER’S MARKET

LOW

SOLD PRICE

AVERAGE

$260,000 $475,787

Bedrooms

Total Baths

Approximate Square Feet*

List Price

Active Active Active Active Active Active Active Active Active Active Active Active

3 3 4 4 4 5 4 4 5 3 4 6

2.0 2.0 2.0 3.5 3.0 2.5 2.5 3.5 4.5 2.5 2.5 4.5

2,000 2,000 2,000 2,400 2,900 3,500 3,200 3,500 4,000 3,000 3,000 4,300

$390,000 $449,900 $459,900 $500,000 $585,000 $635,000 $665,000 $714,950 $735,000 $774,900 $799,000 $825,000

HOMES ACCEPTING BACKUP OFFERS IN DESERT RIDGE

$890,000

HIGH

-2.2% from Q1 2017

Status

There are 19 homes currently accepting backup offers in Desert Ridge.

They include 2 to 5 bedrooms with 2.0 to 4.5 baths, range in size from 1,500 to 3,800 approximate square feet*, and are priced from $330,000 to $799,900. For more information on these listings, call me at 623.293.0172.

PRICE PER SQ. FT. +7.7% from Q1 2017

LOW AVERAGE

$151

HOMES PENDING IN DESERT RIDGE

$211

There are 14 homes currently pending in Desert Ridge.

$284

HIGH

67

71

97.9%

TOTAL SALES IN Q1 2018

AVERAGE DAYS ON MARKET

AVERAGE SP/LP RATIO

5 More

14 Days Faster

+0.4%

than Q1 2017

than Q1 2017

from Q1 2017

Dear Homeowner, This statistical analysis represents the average comparisons of 2018 over 2017 for Desert Ridge. For an in-depth analysis of your home’s value, call me today at 623.293.0172 for a complimentary evaluation.

Data based on listings from ARMLS from January 1st to March 31st, 2017 and 2018. Information deemed accurate but not guaranteed.

They include 3 to 5 bedrooms with 2.0 to 3.5 baths, range in size from 1,400 to 4,000 approximate square feet*, and are priced from $275,000 to $809,000. For more information on these listings, call me at 623.293.0172.

HOMES RECENTLY SOLD IN DESERT RIDGE Status

Address

Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

4510 E Williams Drive 22639 N 49th Place 21266 N 36th Place 22823 N 53rd Street 4301 E Williams Drive 22449 N 53rd Street 4634 E Navigator Lane 4031 E Robin Lane 4620 E Mossman Road 5017 E Kirkland Road 3675 E Zachary Drive 23106 N 42nd Place

Total Bedrooms Baths 3 3 3 4 3 3 3 4 3 3 3 4

3.0 2.5 2.5 3.0 2.0 3.0 2.0 2.5 2.0 2.0 2.5 3.0

Approximate Square Feet*

List Price

Sold Price

Sold Date

3,000 2,800 1,700 2,900 1,800 2,000 2,000 2,500 1,300 1,700 1,900 2,200

$555,000 $695,000 $334,900 $585,000 $464,900 $500,000 $557,200 $560,000 $272,000 $429,900 $369,000 $559,000

$541,000 $695,000 $329,900 $585,500 $460,000 $482,000 $557,200 $545,000 $260,000 $425,000 $369,000 $530,000

04/09/18 04/09/18 04/06/18 04/03/18 03/31/18 03/30/18 03/30/18 03/30/18 03/29/18 03/29/18 03/28/18 03/28/18

Lisa Groth and RE/MAX Excalibur are not in any way affiliated with Desert Ridge Home Owners Association, nor is this in any way an official advertisement or publication of Desert Ridge. © 2018 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the ARMLS as of April 11th, 2018. Listings and sales may not be those of RE/MAX Excalibur. The National Association of Realtors® and ARMLS do not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded to the nearest hundred.