Last week our real estate team met at AJ’s on the corner of Legacy and Pima Rd. The mission: tour DC Ranch subdivisions and learn about the pros and cons of each neighborhood. As we went through and saw all the DC Ranch homes for sale I realized it was time to post about this specific real estate market. Here you go, the latest market data about homes for sale in DC Ranch Scottsdale AZ.
Housing Data for DC Ranch
Active Homes for Sale: 112
- Below $1,000,000 = 40
- $1,000,000 and Up = 72
Homes Sold in October 2012: 14
- Below $1,000,000 = 11
- $1,000,000 and Up = 4
Homes Sold in September 2012: 8
- Below $1,000,000 = 6
- $1,000,000 and Up = 2
Homes Sold in October 2011: 8
- Below $1,000,000 = 5
- $1,000,000 and Up = 3
With just below 4 months inventory, the supply and demand favors sellers below $1,000,000. When you get over $1,000,000 the market is favoring buyers – less competition for more listings. However, when jumbo-loan lending requirements loosen up, we’ll see an increase in million+ buyers and that market should come back to “normal” – aka around 6 months supply.
If you’d like to keep track of what the market is saying, be sure to check out our new DC Ranch Home Sold page. We’re doing our best to keep you informed so you make good home buying and selling decisions.
