DC Ranch Market Analysis

While sitting open houses in the DC Ranch community of north Scottsdale I always get asked my opinion of the real estate marketplace. As I rarely trust others opinions, especially most Realtors, it seemed to me a logical thing to do would be to do some statistically sampling of the market activity in DC Ranch and see what the numbers tell us. At least that way you know what has happened over a period of time to very current and from there you can make some deductions. The results were interesting and show a fairly stable market overall however keep in mind that small sample bases and averages versus median values can yield different results and for this analysis averages were used. Well, here is what I found:

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%.

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