North Scottsdale Home Sales By Type

Updated Friday December 15, 2017       

Home sales summary in North Scottsdale

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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
1061
130
3096
818,857
96.3%
Short Sale
5
345
3532
588,506
95.1%
Lender Owned
15
147
4037
861,797
93.9%
Total
1081
131
3111
818,387
96.3%

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