Desert Ridge

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:

Desert Ridge Area – Market Snapshot

Today I thought I’d pull some numbers, charts & graphs for the Desert Ridge area, to see where the activity really is.

Overall Activity

  • # of Sales, 1/1/11 – 6/30/11:  404
  • # of Current Listings:  253
  • Months’ Inventory:  3.75

Overall it looks like homes are selling at a brisk pace; 3.75 months’ inventory is generally considered a seller’s market.

Activity by Price Range

Sales are heaviest in the $100,000 - $300,000 range, accounting for 276 of the 404 total sales (68%).



Listings are spread out a little more, although the $100,000 - $300,000 range still accounts for the largest share (62%).



Seller’s Market?

Combining the Sold and Active data to look at Months’ Inventory by Price Range, I was surprised to see a fairly consistent inventory, at least for the prices < $600,000.


The market is just as hot between $400k - $600k as it is for homes < $200k, while it’s a little softer in the middle range of $200k - $400k.  And forget about it once you get above $600k; the market deteriorates quickly.

My guess is that the sub-$200k market is being driven by investors & distressed activity, and the $400k - $600k market is made up of owner-occupied and second-home buyers snapping up formerly million-dollar homes, while the traditional mid-range move-up market is the soft spot in the middle.

Next time I’ll dig even deeper to see if my hunch is right.  In the meantime, please give us a call if you want to see a particular neighborhood or have any other questions.

Your turning data into information Realtor,

Chris Butterworth