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Granite Mountain Area Summary of Home Sales By Type

Updated Thu Jul 29, 2010 6:55 AM.

The Granite Mountain area has evidence of historic ranching activity and the "Whiskey Bottle" military trail which connected Fort McDowell to Fort Whipple. The area has been used in recent times by outdoor recreational enthusiasts. The most prominent feature of the area is Granite Mountain, which is an isolated mountain formation with a different geology than most other nearby hills and mountains.

Granite Mountain dominates the area. The remaining area is gently sloping to steeply rolling terrain and has a number of granite boulder fields, knobs and ridges. The vegetation is relatively lush because it transitions into a high desert setting Cacti are relatively scare in some areas.

The area is mostly out of view from the rest of the city and in many ways visually extends into the nearby national forest. It serves as an edge to the metropolitan region as well as the city. The unique features of the area act as a special desert setting drawing visitors who seek to be immersed in the desert environment

Summary of Granite Mountain Area Home Sales By Type

  
Type of Sale Sales in past
6 months		 Avg Days
on market		 Avg Square
Footage		 Avg
Sale Price		 Avg % of
Asking Price
Resale
47
133
2,973
457,136
91.7%
Short Sale
17
157
3,075
370,347
97.3%
Lender Owned
42
55
3,160
382,255
98.9%

Here is a list of definitions often used to describe Type of Real Estate Sales.

Definitions
North Scottsdale Resale Resale This is the traditional method, with no third party involvement. The owner sells the property and pays off any debts secured by the property. Relocation, estate sale, and auctions, which made up a small percentage, are also included in this category.
North Scottsdale Short Sale Short Sale The "short" in short sale actually refers to the fact that the payoff amount agreed to in the transaction is "shorter" than the mortgage balance on the property. Simply put, there is more owed on the home than it will sell for.
North Scottsdale Lender Owned Home Lender Owned Lender owned is just what it sounds like. Also called " REO" , which means real estate owned, or bank owned.
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