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Aviano in Desert Ridge MLS Activity


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Blog by Doug Ingersoll | November 10th, 2014


The Venezia model at 3926 East Daley Lane leased for $2395 a month unfurnished. At 2417 sq ft that comes to .99 a sq ft. I love that little area of Cassia Collection homes for the relative seclusion but literally right next to some of the major Aviano amenities. 3/2.5/2 car garage. Click HERE to see the listing. Here is the Fannie Mae analysis of where the leasing market has been in Aviano in the last year:

Fannie Mae 1004MC Statistics

Inventory Analysis

Prior 7-12 Months
11/10/2013 - 05/09/2014

Prior 4-6 Months
05/10/2014 - 08/09/2014

Current - 3 Months
08/10/2014 - 11/10/2014

Total # of Comparable Sales (Settled)

15

6

10

Absorption Rate (Total Sales/Months)

2.50

2.00

3.33

Total # of Active Listings

3 (Active on 05/09/2014)

3 (Active on 08/09/2014)

11 (Active on 11/10/2014)

Months of Housing Supply (Total Listings / Ab. Rate)

1.2

1.5

3.3

Median Sale & list Price, Dom, Sale/List %

Prior 7-12 Months

Prior 4-6 Months

Current - 3 Months

Median Comparable Sale Price

2,875

3,423

2,995

Median Comparable Sales DOM

13

33

19

Median Comparable List Price

3,495

2,995

3,000

The last three months there have been 10 leases but look at the increase in inventory going from 3 active on 8.9.14 to 11 active on 11.10.14. So leasing 3.3 a month but with the added inventory there is a 3.3 month supply.

The Mirador model at 22220 North 36th Street reduced asking price for a lease to $5185 a month with negotiable listed as the 'Furnished?' option. Your thinking that is a ton of money but in actuality it is .94 a sq ft. Original lease price was $5600 a month. 5545 sq ft with 6/4.5/pool/spa and 4 car garage. Only one of the 2 car garages has a direct entrance to the house.

The San Benito model at 3966 East Morning Dove Trail reduced price to $588K from $618K. 3031 sq ft with 4/3 and a 3 car tandem garage.

And the San Benito model at 3959 East Crest Lane is now under contract. Last priced at $569K or $187 for each of the 3043 sq ft. 4/2.5/pool and 3 car tandem garage.