Here are the sales activity figures for the Scottsdale’s 85255 zip code over the first three months of the year.
This North Scottsdale zip code houses some of the top luxury communities like:
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.
| Zip Code – 85255 – Scottsdale Single-Family Resale Performance – Q1 2009 | ||||||
| Property Type | Active Listings | % of Total | Pending Sales | % of Total | Homes Sold | % of Total |
| Non-Distressed | 786 | 86% | 39 | 48% | 96 | 62% |
| Short Sales | 90 | 10% | 20 | 24% | 19 | 12% |
| Lender-Owned | 43 | 5% | 23 | 28% | 40 | 26% |
| TOTAL | 919 | 100% | 82 | 100% | 155 | 100% |
| Property Type | Avg. Sold Price | Avg. Sq Feet (Sold) | Avg. Price per Sq. Ft. (Sold) | Cumulative Days on Market (Sold) | List Price to Sales Price | |
| Non-Distressed | $925,981 | 3,307 | $246.48 | 195 | 88% | |
| Short Sales | $671,223 | 3,246 | $193.56 | 214 | 95% | |
| Lender-Owned | $534,581 | 3,062 | $169.53 | 186 | 94% | |
| TOTAL | $796,465 | 3,240 | $220.66 | 193 | 90% |
The majority of homes for sale in this zip code fall into the non-distressed category, with 86% of the market. The non-distressed properties also account for almost half of the pending sales and 62% of the homes sold. (Comparatively, non-distressed sales in all of Scottsdale only accounted for 49% of home sales in the first quarter of 2009.)
Short sales and Lender-Owned homes for sale were about 15% of the market at the end of the quarter. However, they encompassed 52% of pending sales and 38% of homes sold.
In my next post, I will look at the same analysis for another one of North Scottsdale’s key zip codes 85262.
Disclaimer:
Data and information were pulled from the Arizona Regional MLS (ARMLS) on 4/1/2009 and can change at any time. Some numbers may not add up to 100% due to rounding. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2009 Heather Tawes Nelson
