By: 
There are currently 66 active properties for sale in the Phoenix subdivision of Dynamite Mountain Ranch, an increase of one home from a month ago. The average asking price per over all 66 properties is $152/sq foot, which is down from $155/sq foot one month ago, continuing the trend toward lower asking prices.
| Size Range | Price/Square Foot | Number of Homes |
| under 2000 sq ft | $161/sq ft | 25 |
| 2000-2500 sq ft | $147/sq ft | 28 |
| 2500+ sq ft | $150/sq ft | 13 |
*data as of 11/29/2007, via ARMLS
As of today, 2 properties are in a sale pending status:
| Address | Size | Model | Asking Price | Price/sq foot |
| 2401 W Silver Sage Ln | 2232 | Cape Cod | $314,000 | $141/sq foot |
| 2405 W Bent Tree Dr | 3006 | Cunningham | $449,000 | $149/sq foot |
*data as of 11/29/2007, via ARMLS
In the last 30 days, 2 properties closed escrow:
| Address | Size | Model | Sale Price | Price/sq foot |
| 2329 W Gambit Trl | 1550 | Sedona | $260,000 | $181/sq foot |
| 2407 W Oberlin Wy | 1782 | Pinetop | $285,000 | $165/sq foot |
*data as of 11/29/2007, via ARMLS
The trend toward inventory levels remaining relatively flat is a good trend. However, as you can see, the trend toward very slow sales is also continuing. If this trend of 2 homes sold per month continues, Dynamite Mountain Ranch would have 33 months of supply, which is significantly worse than the great Phoenix market average of 18 months of supply.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment