The Sunshine Broker | Desert Ridge Real Estate Blog » Stats and Facts

Aviano At Desert Ridge – Real Estate Market Report

Kim Anderson — Sun, 14 Dec 2008 23:15:39 +0000

I really enjoy breaking down statistics and trying to truly analyze the data so I can help buyers make smart buying decisions and help sellers move their properties. Here is some real estate data for Aviano at Desert Ridge. This is for the single family homes only.

Currently there are 47 active listings in Aviano at Desert Ridge. Here is how those 47 active break down:

26 Listings are Normal Sellers
Average price per sq. foot is $208.92
Average Days on Market is 137 with a high of 420

4 Listings are Bank Owned Properties
Average price per sq. foot is $146.65
Average Days on Market is 84 with a high of199

17 Listings are Short Sales
Average price per sq. foot is $157.10
Average Days on Market is 175 with a high of 668

From this information it is clear that the bank owned properties are setting the price trend. Of course it is important to note that many of those bank owned properties could have been distressed, but it is still driving the pricing.

Since November 1st, 2008 there have been 5 sales. Of those 5 sales, 3 were short sales, 1 was a bank owned property and 1 was a normal seller. Here are the 5 sales since 11/1/08: (click to enlarge)

From this image, you can see that short sales do close – if buyer can be patient. The normal seller was actually the best deal as far as cost per square foot at $136.00 per square foot. As you can see a motivated seller can come in all forms!

If you can have questions about any of these properties that closed or want information about any active listings, give me a call at 480-201-4185 or click here to contact me.

~Kim

Ready To Sell You Your Slice Of The Arizona Sunshine!

The 5 Least Expensive Homes in Aviano at Desert Ridge

Kim Anderson — Tue, 28 Oct 2008 21:48:04 +0000

If you want to live in Aviano at Desert Ridge, but don’t know if you can afford, well here are the 5 least expensive homes in Aviano. I don’t necessarily call these the “best” deals in Aviano because there is more to a “deal” than just price. If the home is a little bit more expensive but does not need extensive work, then that home may be a better value. However, if price is all that matters and you want to see if you can buy in this fabulous Toll Brothers community, then lets take a look at these 5 homes. Click on the image for a larger view.

The Strada on Crest Lane is a short sale and is down to $475k. This is only a 2 car garage but does have a nicely landscaped backyard and spool. I believe the listings agents are close to an approval on this. Probably a decent short sale to write an offer on as I don’t think it would take as long as some short sales.

The Velez on 39th Way is very “vanilla” and it backs to 40th st. However, the price is right at $135 per square foot. Good opportunity if you want to live in Aviano.

The Borrega on Herrera is a nice home and has just been reduced by $10k. This home backs to an interior rd, Lockwood, but that is not too big of a deal. This home has some nice flooring upgrades and landscaped backyard with built-in BBQ.

The LaBella on Crest lane came back on the market at $525,000. This is a nice home and a good opportunity for someone with the patience for the short sale.

The San Benito on Crest lane is a nice home, but only 3 bedrooms, but does have a den. This home was on the market a year ago at $724,900. It came back on the market in April at $579,000 and is now reduced to $539,000. It does back to Rough Rider Rd. which is one of the main arteries through Aviano. It is next door to the larger Strada at $475,000. While that is a short sale, it is probably not helping the value of this home. This home is probably worth a good look if you like the plan.

For more information on any of these listings, drop me an email or feel free to call me at 480-201-4185.

-Kim

Ready to sell you your slice of the Arizona Sunshine!

The 5 Lowest Price Per Square Foot Homes in Aviano At Desert Ridge

Kim Anderson — Sun, 26 Oct 2008 07:09:08 +0000

In my attempt to provide you with “stats that matter”, here is my first edition and it is for Aviano at Desert Ridge. While I think it is fine to report how many homes closed in September or how many homes are active now, I want to get down to the nitty gritty for home buyers and sellers in Desert Ridge.

Below is a chart showing the 5 lowest price per square foot homes in Aviano. You can click on the image for a larger view.

I have outlined which of these are bank owned, short sales and there is even a regular seller in there. What does that mean? Well, the bank owned are ready to move and if you write an offer you will probably hear back in 3 days or so. I would be able to help you decide where I think the bank may accept at. The short sales can take up 2-3 months to respond. If you have nothing but time, these can be great deals. I can find out where the agent is in the short sale process and can also project at where the bank may approve at. The real seller – well that is a seller who is motivated and has positioned their property to move. If you need a 30 day close, there is probably a good chance this can happen here.

The Mirador on Expedition is a huge house, but it backs to Pinnacle Peak Road and it needs a little TLC. It is not horrible but you better LOVE slate and bring a paint brush. The back yard has a good start, but needs a little help with the lack of maintenance.

The Terraza on 37th place is a nice home and has been reduced again to $685k. This home has been modified so there are two master suites, one up and one down. The other bedrooms upstairs have been combined to make 2 large secondary bedrooms, each with there own bath. The problem is they took the 3rd bay of the garage to make the master suite downstairs. Many people at this size and price point are looking for 3 car garage. However, if this modified floorplan appeals to your lifestyle, there can be a great opportunity.

The Velez on 39th Way is very “vanilla” and it backs to 40th st. However, the price is right at $135 per square foot.

After starting out at $1,105,000 and 569 days on market, the owners of this Marisol on 36th Way appear ready to sell. This home sits on an oversized lot and backs to a wash. On 10/21 this was reduced from $699,00 to $619,000, where it sits now. Given the good condition of this home, I predict this to move quickly.

Lastly the Strada on Crest Lane is a short sale and is down to $475k. This is only a 2 car garage but does have a nicely landscaped backyard and spool. I believe the listings agents are close to an approval on this.

So, if you are bargain hunting – these are a good start. If you have a model in mind or certain criteria that you are looking for, give me a call at 480-201-4185 or send me an email and I will be able to send you info. I can also email you these 5 listings if you would like more info.

Stay tuned tomorrow – the 5 lowest priced homes in Aviano!

-Kim

Ready to sell you your slice of the Arizona Sunshine!