South of Desert Mountain Home Sales By Type

Updated Tuesday November 21, 2017       

Home sales summary in South of Desert Mountain

For current market insights consult a Realtor who lives and works in the area.   Contact Us

Summary of South of Desert Mountain Home Sales By Type

Communities south of Desert Mountain enjoy the scenic beauty of the High Sonoran Desert, views of the Continental Mountains and Tonto National Forest to the North and city lights and McDowell Mountains to the South.

Many say Mirabel Club rivals Desert Mountain, but on a smaller more intimate scale. The Mirabel (referred to as Mirabel Club to distinguish it from the general area called Mirabel Village) is a guard-gated community situated on 713 acres of pristine Sonoran desert land at approx 3,000 feet elevation, offers 315 custom home sites that range in size from 2/3 of an acre to over 2 acres.

Check out Mirabel real estate and the other dozen gated and non-gated communities found just south of Desert Mountain.

Type of SaleSales in past
6 months
Avg Days
on market
Avg Square
Footage
Avg
Sale Price
Avg % of
Asking Price
Resale
28
175
3875
831,330
96.4%
Short Sale
0
n/a
n/a
n/a
n/a
Lender Owned
1
14
3300
700,000
100.0%
Total
29
169
3855
826,802
96.5%

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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