Lone Mountain Home Sales By Type

Updated Tuesday November 21, 2017       

Home sales summary in Lone Mountain

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Summary of Lone Mountain Home Sales By Type

The Lone Mountain area, at the South end of the Boulders Character Area, includes Trovia (Monterey Homes), Las Piedras (Centex Homes), Lone Mountain Vista, Lone Mountain Estates, Pallacio (Del Mar Homes), and Scottsdale Highlands (Tucker).

Type of SaleSales in past
6 months
Avg Days
on market
Avg Square
Footage
Avg
Sale Price
Avg % of
Asking Price
Resale
10
131
3572
830,390
96.5%
Short Sale
0
n/a
n/a
n/a
n/a
Lender Owned
1
85
3051
469,350
83.8%
Total
11
127
3525
797,568
95.4%

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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