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DC Ranch Market Update – #1
I hope everyone reading had a safe and fun 4th of July. I took the day away from the blog, so here is the DC Ranch update on Saturday, instead of Friday.
For the Scottsdale subdivision of DC Ranch, there are currently 120 single family homes actively listed for sale, there are 13 homes with sales pending, and 11 homes closed escrow (sold) in the last 30 days, resulting in 10.9 months of supply. Homes currently range in price and size from $500,000 for 1853 square feet, to $5,395,000 for 8121 square feet.
| Status | Price Range | # Homes | Average Size | Average Price | Median Price |
| Active | $0-$750,000 | 40 | 2681 sq ft | $666,240 | $672,000 |
| Active | $750,001-$1,000,000 | 22 | 3195 sq ft | $850,586 | $800,000 |
| Active | $1,000,001 – $2,000,000 | 37 | 3921 sq ft | $1,401,727 | $1,350,000 |
| Active | $2,000,001+ | 21 | 6085 sq ft | $3,451,190 | $3,345,000 |
| Active | All PRICES | 120 | 3753 sq ft | $1,414,178 | $998,000 |
| Pending | $0-$750,000 | 3 | 2989 sq ft | $624,466 | $599,900 |
| Pending | $750,001-$1,000,000 | 2 | 3434 sq ft | $789,450 | $789,450 |
| Pending | $1,000,001 – $2,000,000 | 7 | 4390 sq ft | $1,507,343 | $1,575,000 |
| Pending | $2,000,001+ | 1 | 4800 sq ft | $2,075,000 | $2,075,000 |
| Pending | ALL PRICES | 13 | 3951 sq ft | $1,236,823 | $1,150,000 |
| Sold | $0-$750,000 | 6 | 2139 sq ft | $555,000 | $522,500 |
| Sold | $750,001 – $1,000,000 | 2 | 2943 sq ft | $913,750 | $913,750 |
| Sold | $1,000,001 – $2,000,000 | 3 | 4379 sq ft | $1,553,333 | $1,505,000 |
| Sold | $2,000,001+ | 0 | —- sq ft | $-,—,— | $-,—,— |
| Sold | ALL PRICES | 11 | 2896 sq ft | $892,500 | $641,000 |
*Note: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days, and noted prices are SOLD prices, while active and pending prices are ASKING prices.
by Steve Belt your expert on Scottsdale Real Estate
Realty Executives
Phoenix Area Real Estate Blog
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Filed under: DC Ranch, Market Update, Real Estate
July 5th, 2008 at 12:21 pm
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin
July 6th, 2008 at 11:06 pm
Eric-
Thanks for stopping by. You might also consider subscribing, if you use a feed reader, to keep track of blogs, it’s an excellent way to make sure you never miss a post.