The Phoenix AZ 85050 zip code stretches from Union Hills on the south to Pinnacle Peak on the north. and Cave Creek Rd. on the west to Tatum Blvd. on the east. This area is commonly referred to as the Desert Ridge area of north Phoenix.
Currently there are over 80 single family detached Homes For Sale In Phoenix AZ 85050 (click on map for a live list of homes currently available) ranging in price from $109,900 to $1,595,000 and the median list price is $295,000. There are 11 foreclosed homes, 13 pre-foreclosure short sale listings, 42 normal, equity or investor fix-n-flip homes, and three relocation or corporate approval required Homes For Sale In Phoenix AZ 85050.
One of the statistics home buyers and home sellers will want to look at is the absorption rate. This is also known as supply vs. demand. As of this posting there were 59 homes PENDING (under contract waiting to close) and 63 homes were listed as AWC (Active, with contingencies taking back up offers only). This means there is a 1.2 months supply of homes on the market. This clearly means home buyers are going to have a hard time finding a home in this popular area of the valley and when they do find a home, they can expect to be competing against multiple offers, often above the listed sales price.
The most expensive homes for sale are in the Aviano subdivision located near Pinnacle Peak Rd. and Tatum. These homes were built by Toll Brothers between 2006 and 2008. There were 65 homes built in Aviano consisting of 47 single story and 18 two story homes. There are 31 homes in the neighborhood with private swimming pools. Many of the home sit on oversize 1/3 acre lots and are surrounded by the beauty of the natural desert located in this part of North Phoenix.
About: Donald Keys is a full-time professional Phoenix area REALTOR® licensed since 2006 and a “Valley of the Sun” resident since 1997. If you have a question about one of the homes for sale in 85050 or are thinking about putting your home on the market, feel free to contact him at (602) 750-1744.