Nestled in the heart of Phoenix, Arizona, the Desert Ridge community (area code 85050) continues to be in high demand. Here, homebuyers will find a perfect blend of suburban tranquility and urban convenience. I thought it would be a great time to share a market update for those considering buying or selling Desert Ridge real estate property. We’re seeing important updates for residents living in the Aviano and Fireside neighborhoods.
Aviano and Fireside Neighborhood Statistics
First, let’s kick things off with some numbers. In Aviano and Fireside, the real estate scene has everyone on their toes. According to the latest stats from the Cromford Report, Aviano has seen a steady tick in home prices over the past few months. Aviano holds a median sales price of $856,250 as of April 2024 (a slight decrease of 3.2% from the prior year). Meanwhile, Fireside is showing signs of steady growth. It boasts a healthy market with a median sales price of $933,498 as of April 2024 (an increase of 6.2% year-over-year).
If you’re currently eyeing a property in these areas, it’s good to know that inventory levels are relatively low. As of now, only 19 homes are available in Fireside and 22 homes in Aviano. In all of Desert Ridge proper (85050), only 190 homes are available. Competition is fierce, especially for those prime properties that tick all the boxes.
Coming Soon in Desert Ridge
Desert Ridge as a whole continues to forge ahead with its exciting expansion plans. We’re seeing everything from new retail spaces to upscale dining options. Our community is evolving into a vibrant hub that caters to residents’ every need.
One of the most exciting developments is the expansion of Desert Ridge Marketplace. Residents can look forward to even more entertainment options right in our backyard. Fresh retail concepts and trendy eateries are slated to open this summer. Additionally, Desert Ridge will see beautiful parks, green spaces and enhanced water features. As a result, the expansion aims to elevate Desert Ridge as a vibrant and inclusive community for all.
The Big Picture
So, what does all this mean for you, the homeowner? Well, put simply, increased demand coupled with limited supply drives property values up. So, if you’re thinking about selling, now might just be the perfect time to cash in on the Desert Ridge boom.
On the flip side, if you’re in the market to buy, don’t let the competition scare you off. With a bit of patience and the right real estate agent by your side, you can snag your dream home in no time.
In conclusion, the real estate market in Desert Ridge, particularly in the Aviano and Fireside neighborhoods, continues to reflect steady growth and demand. Whether you’re a seasoned homeowner or a first-time buyer, staying informed is key. Make savvy decisions in today’s dynamic landscape by staying up to date. Until next time, have a wonderful summer!
If you’re looking to buy or sell in the Desert Ridge area, I’d love to assist. As an Aviano at Desert Ridge resident for 10+ years, I’m passionate about sharing the many benefits of living in this beautiful area of North Phoenix. Feel free to contact me at 602-900-1331. Or, fill out your information on the contact us page, and we’ll happily assist you. To stay updated on the latest real estate news, blogs, and tips, follow us on FaceBook, Instagram, and LinkedIn.