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 six months Falcon Ridge has had 22 homes sold/closed as of November 11th 2019. The ratio of homes sold over time is called the absorption rate. The most recent absorption rate averaged over the last six months is 3.7 homes per month. This is a net increase in demand compared to my analysis below in the previous insights. At the time of writing there are 15 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. Compared to almost a year ago the inventory levels in terms of absorption rate are virtually identical. The number of houses for sale increased by quite a bit, and the number of home buyers increased at essentially the same rate.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. Year over year comparison enforces the idea that buying/owning a home in an excellent location such as this is a very good idea.