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Phoenix Real Estate for Sale

Moon Valley, Desert Ridge and Scottsdale Realtors

By Kimberly Anderson | Broker in Scottsdale, AZ

Aviano at Desert Ridge Home Inventory is Shrinking

The inventory at Aviano at Desert Ridge continues to shrink and homes are starting to close at a rapid pace.  Today a search for Aviano single family homes results in 24 Active listings.  Back in December I reported in a market update post that there were 47 Active listings.

The lease expensive home available is a bank owned Brezza model listed at $420,900.  This Brezza is a 3 bedroom and 3 bath, 2 story home.  Brezza’s have a 2 car garage.  There is a den downstairs that could be coverted to a 4th bedroom.

There 27 homes under contract at this time. The lowest list price among the homes that are under contract is another Brezza.  It is a short sale that finally went under contract.  List price at time of contract was $389,900.

So far in May there have been 7 homes that have closed.  Average price per square foot for these 7 closed listings is $145/sf.  Average days on market for those 7 homes was 71 days.

In April there were 10 homes sold with an average price per square foot of  $139/sf and average days on market for those 10 homes was 96 days.

In March there were 4 homes that closed.  Average cost per square foot for those 4 homes was $132/sf and average days on market was 100 days.

So, we are seeing inventory shrinking, an increase in monthly homes closings, average cost per square foot increasing and days on mark decreasing - all great indicators that we are in a recovery.

If you would like more information about any of the available or sold properties, please do not hesitate to cal or drop me an email.

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