Desert Mountain Market Update - August.2023

Exploring Desert Mountain's 2023 Real Estate Market: From January to August, 100 homes were sold, revealing an average price of $2,637,880 and an average size of 4,400 square feet. Most homes sold below their initial asking prices, and our analysis also unveils intriguing trends in terms of days on the market and home sizes. Join us as we dissect these numbers and their implications, providing insights into the dynamic Desert Mountain real estate scene. There are 100 total home sales listed, with sale dates ranging from January 2023 to August 2023. Sale prices range from $1,081,000 to $7,100,000, with an average sold price of $2,637,880. The homes were listed for an average of 119 days before going under contract. Homes sold for an average of 94.4% of their original list prices. This indicates most homes sold below their initial asking prices. The largest home was 9,477 square feet with 6 bedrooms and 8.5 bathrooms. The smallest was 1,836 square feet with 2 bed, 2.5 bath. The average home size was about 4,400 square feet. Most homes were built between 1995 and 2023, with an average year built of 2001. Only a few older homes were built in the 1980s and early 1990s. Average Price per SF in Desert Mountain by month: Month Average Price per Sq Ft January 2023 $825.07 February 2023 $617.19 March 2023 $641.10 April 2023 $669.65 May 2023 $656.68 June 2023 $705.14 July 2023 $633.57 August 2023 $612.69

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