Lisa Groth - Desert Ridge - Jan 2018

LISA GROTH

21803 N Scottsdale Ridge Scottsdale, AZ 85255

REALTOR®

Each office independently owned and operated.

623.293.0172 LGroth@remax.net www.DiscoverDesertRidge.com

JANUARY 2018 REAL ESTATE MARKET REPORT

Sales Prices are Increasing!

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

2017 YEAR-END REVIEW | SEE INSIDE!

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

SUCCESSFUL SALES OF 2017!

LISTED BY LISA GROTH, YOUR DESERT RIDGE REAL ESTATE EXPERT SOLD FOR FULL ASKING PRICE!

5 Beds, 3.5 Baths | 3,956 Est. Square Feet

SOLD FOR OVER ASKING PRICE IN 33 DAYS!

5 Beds, 3.5 Baths | 3,376 Est. Square Feet

My Average Days on Market

My Average Sold Price/ List Price Ratio

35

98.44% PRESENTED BY LISA GROTH

Homeowner, As your Desert Ridge real estate expert, it is my mission to help you earn the most from your investment. Call 623.293.0172 to learn how my marketing and negotiation skills have achieved proven results and could help you achieve your goals in 2018!

Reflects data from the ARMLS from January 1st through December 31st, 2016 and 2017. Deemed accurate but not guaranteed.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.847.8631 | ©2018

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

PREPARED ESPECIALLY FOR

Homeowner

DESERT RIDGE REAL ESTATE MARKET REPORT

LISA GROTH REALTOR® | RE/MAX Excalibur

623.293.0172 LGroth@remax.net www.DiscoverDesertRidge.com

Homeowner, I look forward to another year as your Desert Ridge real estate expert.

Call me at 623.293.0172 for assistance with any of your real estate needs!

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

Connect with me on

www.DiscoverDesertRidge.com

HOMES RECENTLY LISTED IN DESERT RIDGE (37 Total Available)

THE MEDIAN HOME SALE PRICE IS UP

$44,050 FOR 2017!

DESERT RIDGE 2017 YEAR-END REVIEW

$

Median Sold Price

Status

Bedrooms

Total Baths

Estimated Square Feet

List Price

List Date

Active

3

2.0

1,449

$275,000

12/15/17

Active Active Active Active Active Active Active Active Active Active

3 4 3 3 3 4 4 5 4 5

2.5 2.0 2.0 2.0 3.0 3.5 3.0 4.5 3.0 4.0

1,444 2,035 1,828 2,157 1,986 2,363 2,917 3,566 2,463 3,943

$315,900 $459,000 $460,000 $489,000 $514,900 $519,000 $575,000 $598,000 $699,000 $900,000

01/01/18 12/28/17 12/27/17 12/17/17 12/14/17 12/26/17 12/27/17 12/21/17 12/26/17 01/03/18

HOMES ACCEPTING BACKUP OFFERS IN DESERT RIDGE

2017 MEDIAN: $473,000

2017 AVERAGE: $203

Low: $244,000 • High: $1,075,000

Low: $139 • High: $327

There are 15 homes currently accepting backup offers in Desert Ridge.

2016 AVERAGE: $194

They include 3 to 6 bedrooms with 1.75 to 5.5 baths, range in size from 1,289 to 4,317 square feet, and are priced from $272,000 to $849,000. For more information on these listings, call me at 623.293.0172.

2016 MEDIAN: $428,950 Low: $207,950 • High: $1,025,000

Average Price per Square Foot

Low: $126 • High: $266

HOMES PENDING IN DESERT RIDGE

2017

There are 7 homes currently pending in Desert Ridge.

They include 3 to 5 bedrooms with 2.0 to 4.5 baths, range in size from 1,449 to 3,566 square feet, and are priced from $288,900 to $695,000. For more information on these listings, call me at 623.293.0172.

HOMES RECENTLY SOLD IN DESERT RIDGE Number of Homes Sold

246 10 FEWER HOMES SOLD THAN 2016

Average Days on Market

Avg. Sold Price/ List Price Ratio

Available Monthly Inventory

72

97.8%

1.8

LOW: 0 • HIGH: 347 3 DAYS FASTER THAN 2016

LOW: 90.6% • HIGH: 108.2% 0.1% LOWER THAN 2016

HOMES LISTED IN 2017: 253 HOMES STILL AVAILABLE: 37

Homeowner, Desert Ridge has seen beneficial changes in its housing market this year. If you’ve considered selling, now is the time to get a great return on your investment! Call me today at 623.293.0172 to find out how I will help you maximize your home’s selling potential!

Reflects data from the ARMLS from January 1st through December 31st, 2016 and 2017. Deemed accurate but not guaranteed.

Status

Address

Total Bedrooms Baths

Estimated Square Feet

List Price

List Date

Sold Price

Sold Date

Sold

5250 E Estevan Road

2

2.5

1,733

$419,900

09/22/17

$415,000

01/03/18

Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

22420 N 48th Street 22831 N 54th Street 4023 E Hamblin Drive 3757 E Covey Lane 3918 E Rockingham Road 4318 E Folgers Road 21134 N 36th Place 4629 E Walter Way 3947 E Melinda Drive 4802 E Robin Lane 4309 E Hashknife Road

4 4 5 4 4 3 3 5 3 3 5

2.5 3.5 3.0 3.0 2.0 2.5 2.5 4.0 2.5 2.0 3.5

2,248 3,655 3,259 2,582 2,558 2,236 1,875 3,811 1,444 1,878 3,947

$489,000 $939,000 $550,000 $550,000 $550,000 $469,900 $375,000 $780,000 $308,000 $425,000 $649,900

10/03/17 08/18/17 11/14/17 11/01/17 10/09/17 10/20/17 11/16/17 04/14/17 11/05/17 11/03/17 11/03/17

$475,000 $890,000 $533,500 $540,000 $537,500 $455,000 $367,000 $760,000 $299,500 $428,000 $649,900

01/03/18 01/03/18 01/02/18 01/02/18 12/29/17 12/28/17 12/27/17 12/18/17 12/14/17 12/13/17 12/13/17

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 January 4th, 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.