Exploring the Resilient Real Estate Market of Desert Mountain: Mid-Year Update 2024
As we navigate through 2024, I wanted to share some compelling market data and insights comparing the real estate trends from January 1 to July 19, 2023, and the same period in 2024. The numbers reveal a robust and thriving market, with some intriguing shifts that highlight Desert Mountain’s continued allure for buyers and investors alike.
Desert Mountain Real Estate Market YTD: 2023 vs. 2024
2023 Highlights:
- Homes Sold: 97
- Price Range: $950,000 to $7,500,000
- Average Price: $2,908,400
- Average Price Per Square Foot: $687.05
- Average Days on Market: 123 days
2024 Highlights:
- Homes Sold: 89
- Price Range: $1,200,000 to $7,700,000
- Average Price: $3,128,710
- Average Price Per Square Foot: $720.44
- Average Days on Market: 145 days
Key Takeaways
1. Strong Price Appreciation: The average price of homes in Desert Mountain has risen from $2,908,400 in 2023 to $3,128,710 in 2024, reflecting a healthy appreciation. This increase in average price per square foot from $687.05 to $720.44 underscores the community’s enduring desirability and value.
2. Robust Market Activity: While there has been a slight decrease in the number of homes sold (97 in 2023 to 89 in 2024), the higher average prices suggest that the market remains strong and competitive. The higher entry-level price of $1,200,000 in 2024 compared to $950,000 in 2023 also indicates a positive trend in property values.
3. Extended Market Engagement: The average days on market have increased from 123 days in 2023 to 145 days in 2024. This could be attributed to various factors, including strategic pricing by sellers and the heightened interest from discerning buyers willing to invest more time to find their perfect home in this prestigious community.
The Desert Mountain Difference
Desert Mountain continues to captivate buyers with its unparalleled lifestyle offerings. From the world-class golf courses and luxurious amenities to the vibrant social scene and breathtaking natural beauty, this community provides a living experience like no other.
- Luxury and Comfort: The increase in high-end property prices highlights the premium that buyers place on the luxurious lifestyle and amenities that Desert Mountain offers.
- Exclusive Living: With fewer homes sold but at higher prices, Desert Mountain maintains its status as an exclusive and sought-after community.
- Community Engagement: The extended days on market suggest that buyers are taking their time to make thoughtful and informed decisions, ensuring they find a home that meets all their needs and desires.
Ready to Make Your Move?
If you’re considering buying or selling a home in Desert Mountain, now is an excellent time to take advantage of this vibrant market. As a dedicated real estate professional deeply involved in the community, I am here to provide you with the expert knowledge and personalized service you need to navigate this dynamic market.
Feel free to reach out to me, at (480) 620-3511. Let's explore how you can benefit from the thriving real estate opportunities in Desert Mountain. Discover the unmatched beauty and lifestyle that make this community truly special.
