Here are the figures for Scottsdale’s sales activity for the first three months of the year.
This analysis looks at single-family resale home sales and has been broken down into three categories – Non-Distressed Sales, Short Sales (Pre-Foreclosure) and Lender Owned Sales.
As you can see, the bulk of the homes for sale, 81%, fall into the non-distressed category. However short sales and lender-owned homes make up just over half of the pending sales and sales. You can also see that the prices for short sale and lender-owned properties are significantly lower than the non-distressed properties. Another item of note is that there is a larger discrepancy between list price and sale price for non-distressed homes (89% of asking price) than the distressed sale homes (94% of asking price.)
In future posts, I will look at the same analysis for two of North Scottsdale’s main zip codes, 85255 and 85262.
Disclaimer:
Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) on 4/1/2009 and can change at any time.
Copyright © 2009 Heather Tawes Nelson
