Pinnacle Peak Home Sales By Type

Updated Sunday November 19, 2017       

Home sales summary in Pinnacle Peak

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

Summary of Pinnacle Peak Home Sales By Type

Area includes Pinnacle Peak Country Club (547 acres and 360 home sites) which recently underwent a complete renovation and refurbishment of the existing 25,000 square foot, two-story clubhouse.

Type of SaleSales in past
6 months
Avg Days
on market
Avg Square
Footage
Avg
Sale Price
Avg % of
Asking Price
Resale
94
104
3079
675,783
96.4%
Short Sale
1
371
2953
430,000
90.5%
Lender Owned
0
n/a
n/a
n/a
n/a
Total
95
106
3077
673,195
96.3%

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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