Desert Foothills Area Home Sales By Type

Updated Friday September 22, 2017       

Home sales summary in Desert Foothills Area

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Summary of Desert Foothills Area Home Sales By Type

Desert Foothills remains a rustic, rual desert area with low density single family residences intermixed with equestrian facilities. There is a rich assortment of architecture styles that include Pueblo, Santa Fe, and Western Ranch. Typical parcels range from one to five acres. The dominance of the lush upper Sonoran Desert will be maintained by blending new construction into the natural desert setting.

Type of SaleSales in past
6 months
Avg Days
on market
Avg Square
Footage
Avg
Sale Price
Avg % of
Asking Price
Resale
31
122
4007
923,446
96.4%
Short Sale
0
n/a
n/a
n/a
n/a
Lender Owned
0
n/a
n/a
n/a
n/a
Total
31
122
4007
923,446
96.4%

Included are Homes Sales within the past six (6) months (since March 2017)

Summary above is based on information from the Arizona Regional Multiple Listing Service (ARMLS) where cooperating brokers share listing information. Excluded from the data above are home sales not found in ARMLS and sales by brokers who choose not to market their listing(s) on the internet.
All information should be verified by the recipient.
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Here is a list of definitions often used to describe Types of Real Estate Sales.

Definitions

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.

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.

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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