Market Analysis - D C Ranch, Scottsdale, Arizona
first nine months 2006 compared to first nine months 2007
For homes priced from $500,000 to $1 million during the first nine months of 2007, 64 homes sold compared to sales of 45 homes in 2006. This represents a 42% increase in sales. The average days it took to sale a home in 2006 was 62 and in 2007 it increased to 134, a 116% increase.
The average list price was $825,023 in 2006 compared to $793,983 in 2007 which represented a decrease. The average sale price in 2006 was $794,136 compared to $753,151 which equated a 5% decrease in prices buyers were willing to pay.
Average square feet for a home in DC ranch was 2356 in 2006 versus 2313 in 2007.
For homes priced from $1,000,001 to $2 million during the first nine months of 2007, 36 homes sold compared to sales of 24 homes in 2006. This represents a 50% increase in sales. The average days it took to sale a home in 2006 was 105 and in 2007 it increased to 137, a 30% increase.
The average list price was $1,524,620 in 2006 compared to $1,507,121 in 2007 which represented a slight decrease. The average sale price in 2006 was $1,459,192 compared to $1,431,149 which equated to a 2% decrease in prices buyers were willing to pay.
Average square feet for a home in DC Ranch was 3817 in 2006 versus 3935 in 2007.
For homes priced from $2,000,001 to $3 million during the first nine months of 2007, 4 homes were sold compared to sales of 7 homes in 2007. This represented a 75% increase in sales. The average days on market in 2006 was 106 and in 2007 it increased to 237, a 123% increase.
The average list price was $2,573,750 compared to $2,641,428 which represented an increase. The average sale price in 2006 was $2,420,000 compared to $2,456,500 which was an increase of 1.5%.
Average square feet for a home in DC Ranch was 5346 in 2006 versus 4935 in 2007.
For homes in DC Ranch priced over $3 million 4 homes sold in 2006 while in 2007 4 homes also were sold. Sales were flat in this category. The average days on market was 428 in 2006 and 407 in 2007, relatively a slight decrease. The average list price in 2006 was $3,914,500 versus $4,081,250 in 2007, a 4% increase. The average sale price in 2006 was $3,832,500 versus $3,828,750 representing a very slight decrease or less than 1%.
