DC Ranch Real Estate Market Report June 2012

DC Ranch Real Estate Market June 2012. Active DC Ranch Homes for Sale – 91. Active DC Ranch short sales and foreclosures, is that a misprint, 5. Wow! Active pending DC Ranch Real Estate under contract, 35 homes. Of that active and pending or under contract homes, short sales and foreclosures represents about half, about 17. That is due to the short sales lasting forever in the pipeline there. They show up month after month as they take anywhere, you know, from 2 to 6 months to close.

Sold homes in DC Ranch for the month of June was 9. That was low because typically it is around 15 or 16. A year and a half if it’s a normal amount. Sold DC Ranch Real Estate was $287 dollars a square foot. Sold Townhomes and Condos, there was only one, at $230 dollars a square foot. Sold homes was 8, and they average $294 dollars a square foot. Sold foreclosures in DC Ranch there was one, only one, for $224 dollars a square foot, and sold DC Ranch short sales 1, $191 dollars a square foot. So you can see that the distressed inventory does represent a lower price per square foot than the rest of the houses.

Comparatively, in January of 2012 DC Ranch Real Estate sold 15 homes for $195 a square foot. Although, this number was low compared to recent other comps due to more foreclosures and short sales sold, meaning $195 and now we are at $287. The market hasn’t moved that much. It is moving significantly upward, but not that much. The average DC Ranch Homes for Sale on the market is currently at $432 a square foot. If you take out the Silverleaf Homes for Sale the average drops to $305, but you can see that sellers have really caught wind that the market is rising swiftly.

Currently, DC Ranch has 20% fewer homes for sale on the market with the majority being in the upper end including DC Ranch Country Club and Silverleaf Homes for Sale.

There are 40% fewer DC Ranch foreclosures and short sales on the market. This number being considerably low when it was considered once eight times what it is now because there are only 5 homes on the market. DC Ranch Real Estate has the same amount of homes pending or under contract that is did about six months ago. DC Ranch Real Estate market is in a steady upwards trend with respect to prices, and a downward trend with respect for supply. This comes with no surprise as DC Ranch Homes for Sale is one of the most desired communities for those searching for homes in North Scottsdale. If you are interested in selling your DC Ranch home visit us at http://www.housevaluesindcranch.com/.

Thanks for watching our DC Ranch Real Estate Market Report for June 2012.

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