North Scottsdale Home Sales By Type

Updated Monday September 18, 2017       

Home sales summary in North Scottsdale

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

Summary of North Scottsdale Home Sales By Type

North Scottsdale is in the high Sonoran desert, roughly 1500 feet higher than the valley floor, with scattered granite mountains, hills, ridges, and knobs.   Higher elevation means cooler temperatures and opportunities for mountain and city light views.   Rainfall is about twice that of the valley floor creating a thick, lush, and diverse landscape.

Type of SaleSales in past
6 months
Avg Days
on market
Avg Square
Footage
Avg
Sale Price
Avg % of
Asking Price
Resale
1270
131
3096
819,059
96.1%
Short Sale
8
265
2514
454,250
97.7%
Lender Owned
12
163
3531
786,264
95.8%
Total
1290
132
3096
816,491
96.1%

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.

North Scottsdale Market Analysis - North Scottsdale Sales Trend Chart