Desert Mountain Home Sales By Type

Updated Sunday November 19, 2017       

Home sales summary in Desert Mountain

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Summary of Desert Mountain Home Sales By Type

With temperatures five to 10 degrees cooler than the Phoenix metropolitan area, stunning views, and six world-class golf courses, Desert Mountain has become one of Arizona's most highly acclaimed communities. Located in the foothills of Scottsdale's Continental Mountains, the community consists of 32 distinct villages that span over 8,000 acres. Desert Mountain real estate has become increasingly popular since the start of market-based membership pricing. Desert Mountain homes range from just under $650,000 to over $8,000,000. A top end Desert Mountain home often includes a generous floor plan, architecturally designed landscaping, and luxury details such as textured stone, mud-set clay tile roofs, and high-end furnishings.

Type of SaleSales in past
6 months
Avg Days
on market
Avg Square
Footage
Avg
Sale Price
Avg % of
Asking Price
Resale
55
235
4292
1,412,179
93.3%
Short Sale
0
n/a
n/a
n/a
n/a
Lender Owned
1
909
7515
1,600,000
89.6%
Total
56
247
4349
1,415,533
93.3%

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