– Desert Mountain Scottsdale AZ – First Quarter 2013 Real Estate Report –
Desert Mountain is a well-known golf community in North Scottsdale. Spread over 7,000 acres, this luxury community is home to six Jack Nicklaus courses and six clubhouses. Housing options range from “lock and leave” casitas up to massive estates with sweeping valley views.
Besides golf, there is a very active social calendar, a fitness center and pools, a tennis complex with a variety of play surfaces, as well as miles of paved and unpaved trails.
DESERT MOUNTAIN HOMES FOR SALE AND PENDING SALES AS OF APRIL 15, 2013
As of today, there are 172 homes for sale in Desert Mountain. Asking prices range from $430,000 for a 2,045 square foot casita that went to foreclosure to $8,888,000 for a 11,800 square foot Tuscan estate with six bedrooms and ten bathrooms.
There are 16 homes pending sale as of this date. Prices on these homes range from $569,000 to $3,500,000.
Q1 2013 DESERT MOUNTAIN HOME SALES
Here is a snapshot of first quarter 2013 sales in Desert Mountain. For comparison’s sake, I included the numbers from Q1 2012 as well.
The lowest priced home sale was a Sonoran Cottage that was being sold as a short sale. It had three bedrooms, three and one-half bathrooms and 2,490 square feet. The asking price had been $565,000 and it sold for cash for $535,000.
The most expensive home sale of the quarter was for a home with over 11,000 square feet with five bedrooms and seven bathrooms in the Saguaro Forest community. The asking price was $6,995,000 and it sold for $6,665,000.
Twenty-four homes sold over the first three months of the year in 2013, compared to 2012’s twenty-one home sales. The average sales price is up quite a bit over 2012, coming in at over $1.5M.) Average price per square foot is also up year over year. (Note: The $6.6 million sale in Q1 2013 has an impact on these numbers.)
The average cumulative days on market was down significantly and on average, less of an average discount off of asking price was seen in Q1 2013.
Overall, Desert Mountain home sales look to be improving in 2013. It will be interesting to see how Q2 performance goes, since there is a healthy amount of homes currently in pending status.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/15/2013 and can change at any time. The analysis looks at residential home sales activity in Desert Mountain in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2013 Heather Tawes Nelson