As Phoenix enters the spring selling season, mountain-cool interest rates continue to make the area desert hot in sales. "As we enter into spring," says Realtor David Moore, "sellers should expect the market to begin to recover some of it momentum. Traditionally spring and early summer are our best selling season. Low interest rates continue to help the already steady valley market."

Suggest Realtors Wally and Patricia Neal, "Home sales continue at or near all-time highs, but the median days-on-market number has climbed to over 50, the highest level since the early 90's, price appreciation is substantially lower, and buyers are much more picky about condition, features, and value."

Desert Ridge

Says Realtor Dean Selvey, "The Desert Ridge area and the surrounding neighborhoods are currently experiencing a strong seller's market-- prices are sharply up and demand is excellent as we start the new year. We've recently recorded some record prices on sales in Desert Ridge in which we have represented the seller. Interest rates are remarkable low, creating a renewed sense of urgency among home buyers."

Agrees Realtor Tom Schmidt, "Desert Ridge is one of the most sought after subdivisions among buyers who are looking for an outstanding value in a home, schools, and shopping. Situated in Northeast Phoenix, Desert Ridge offers the best of single family homes on or off the golf course built by several builders. Select golf course properties located on the prestigious JW Marriott Wildfire Golf Club's two championship golf courses designed by Arnold Palmer and Nick Faldo."

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Published: March 4, 2003

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