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Friday, December 02, 2005

Desert Ridge 2Q 2005 Market Conditions

The Second Quarter of 2005 for Desert Ridge recorded 56 sold properties with an average sales price of $544,391 (average $257.15 SqFt), 16% above the average list price, $468,042.  Historically, the average Desert Ridge sales price for 2Q 2005 increased 29% relative to 1Q 2005 and 63% to 2Q 2004 sales figures.  Going into 3Q 2005, there are currently 14 properties listed with an average active listing price of $658,527 (average $241.57 SqFt), which is 41% above the average list price for 2Q 2005.  As of 2Q 2005, Desert Ridge property values have continued to exponentially appreciate because of the strong demand from some speculators, but primarily from immigration trends, which is not expected to dry up soon.  This is Capitalism at its finest.

Contributed By: Aaron Freeman Realtor® Realty Executives Scottsdale Ranch 10301 N. 92nd Street, Suite 101 Scottsdale, AZ  85258 Mobile: (480) 323-8152 Email me

Posted by Aaron Freeman on December 2, 2005 | Permalink

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