Area information and real estate listings for the Falcon Ridge subdivision are shown below. The Falcon Ridge area includes Falcon Ridge Estates, Falcon Ridge Villas, Falcon Ridge Meadows, and is just across Woodland Road from Falcon Valley. Learn more about Falcon Ridge, including available homes for sale, from a local RE/MAX expert.
In the last 12 months Falcon Ridge has had 25 homes sold/closed as of December 26, 2018. This ratio of homes sold over time is called the absorption rate. The most recent absorption rate averaged over the last 12 months is two homes per month. At the time of writing there are eight homes for sale in Falcon Ridge. If the most recent absorption rate continues it would take, on average, four months to sell all of the homes for sale, assuming that all homes would sell, and that no additional homes came on the market.In general terms a market is considered balanced when the supply of homes equals 5.5 to 6.5 months of inventory compared to demand or absorption rate. The lower the month’s supply of home is, the seller tends to see an advantage in price or terms. The higher the months supply of homes the more advantage there is to the buyer in terms of price or terms.Falcon Ridge, being in higher than average demand compared to supply means that, in general, sellers have an advantage in terms of negotiations of terms.Home sale prices in the last 12 months, as of December 26, 2018, ranged from low to middle $400s to low $900’s. Median sales price was $540K in that time period