In one of my favorite lower priced Foothills subdivisions, 3809 E Lizard Rock Place in Foothills Clusters just sold for $325,000 ($196/sf). $196/sf is $23/sf higher than the next highest of the 10 homes sold in FC in the last 6 months.The median sold $$/sf is $143. At $310,732, Zillow was in the ballpark.
Its obvious that supply & demand is flexing its muscles; with just 3 for sale and 10 sold in the last 6 months there’s a lean, mean 2 month supply of homes. The envy of many other Foothills subdivisions.
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