Desert Ridge Condo Market Update – There Are Some Great Deals!
June 4th, 2009 categories: Desert Ridge
The Desert Ridge Condo market is heating up as some of these properties just need to move! There are lender owned properties and approved short sales that are very palatible right now. Given the higher rent in this area, investors can easily cash flow on some of these and the upside is tremendous in 2-5 years in my opinion.
There are currently 57 active listings for condos in the Desert Ridge area. The available condos range from $159,900 for a 1 bedroom and 1 bath condo is Toscana at Desert Ridge to a $455,000 condo, also in Toscana.
Of the 57 units, 11 are short sales – a few of them approved at list price which means a quicker close is possible. 4 listings are bank owned and the rest are traditional sellers or are new constructions and listed by the builders.
In the last 60 days there have been 22 properties sold through the MLS. (I note that as the sold figures may not include builder sales if they were not listed in the MLS). There are an additional 15 units pending at this time.
All of these condo communities offer luxury living with pools, fitness centers and community areas. All are close to world class shopping and some are even in walking distance – Bella Monte and Toscana.
Call me or drop me a line if you would like a list of these hot condo properties in Desert Ridge. Stay tuned for my upcoming posts highlighting each community.
~Kim
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