Pinnacle Peak located in northern Scottsdale, Arizona is a favorite of local hikers. The valley views from the top are truly amazing.
Pinnacle Peak, Scottsdale, Arizona
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Scottsdale AZ Luxury Golf Community Home Sales for 2010
Here is an overview of the top luxury Scottsdale AZ Golf Communities and Scottsdale Golf Homes for Sale.
While the majority of these golf communities are located in North Scottsdale, like Desert Mountain, Silverleaf, Whisper Rock and Estancia, there are also other excellent golf communities in other towns like The Boulders in Carefree and Rancho Manana in Cave Creek to name a few.
This first chart shows each of the Scottsdale area luxury golf communities. It breaks out the number of homes for sale as of January 1, 2011 and the average asking price at that time. It also provides detail on the lowest and highest priced homes on the market so that you can see the range in home prices within the community.
As you can see, the highest priced listing is found at Desert Mountain at almost $11 million dollars. Silverleaf and Estancia come in behind that with an almost $9 million listing and an almost $7 million listing respectively.
The least expensive home could be found in the Cave Creek community of Dove Valley Ranch at just under $185K.
This second chart details the sales activity for Scottsdale area luxury golf homes sales for 2010. Again, each community’s sales statistics are outlined as well as average sales price and average cost per square foot for sold homes.
There is also a section called “Sales Price to List Price” where you can see how large the average discount off of asking price was on a community by community basis. On average, homes in Dove Valley Ranch sold the closest to asking price at 96.8%, or just over 3% off. The largest average discount off of asking price was found at Estancia at 76.5% or almost 24% off of list price. The range in discounts is not surprising as there tends to be more price flexibility at the luxury end of the market. Additionally, the volume of sales was lower so any homes that sold at a large discount had a heavier weight in the calculation.
Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2011 and can change at any time. The analysis looks at resale golf community homes for sale and home sales in Scottsdale AZ , Carefree AZ and Cave Creek AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2011 Heather Tawes Nelson
Phoenix and Scottsdale Luxury Condo Market – 2010 Results
– Scottsdale and Phoenix Luxury Condo Market Statistics – 2010 –
Here is an overview of the luxury condo market in Scottsdale and Phoenix for 2010. The year started off strong with sales averaging a little over 2 per month. However, in the second half of the year, sales activity stalled. Although, we did see the highest priced condo sale of the year in December.
Here are the results for both cities for the year. Things started off strong with 82% of the sales happening in the first two quarters. As the year went on, sales activity dropped sharply. However, the most expensive condo sale for the year, at $2,250,000, occurred in Q4.
Here is a quick snapshot that compares luxury condo sales performance between 2009 and 2010. As you can see, sales were up 5 units over 2009, which is positive. However, average sales price slipped about $100K. This is something we saw throughout the market for all home types; Sales were up but average sales price was down. The good news is that even though sales price was down, average price per square foot was up relative to 2009.
Scottsdale Luxury Condo Market Statistics – 2010
Here is the same analysis as above, but this one only includes Scottsdale luxury condo sales.
As we saw before, sales activity was decent at the beginning of the year, with 90% of sales occurring in the first two quarters. The final two quarters were dismal for Scottsdale though.
The bulk of sales in Scottsdale took place at Optima Camelview and Scottsdale Waterfront Residences.
Phoenix Luxury Condo Market Statistics – 2010
Here is the analysis for the Phoenix luxury condo market. Half of Phoenix’s condo sales took place in the first quarter and then there was only a single sale per quarter for the rest of the year.
Three Biltmore-area communities were home to the 2010 sales. The first was Esplanade Place and the other were The Residences at 2211 Camelback and 2 Biltmore Estates. The year’s most expensive luxury condo sale was a beautiful unit at 2 Biltmore Estates.
Overall, the luxury condo market performed better relative to 2009. The beginning of the year was really impressive from a sales standpoint, but the last two quarters were a struggle. Hopefully, the sales momentum will pick up and continue in to 2011.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010, 7/1/2010 and 10/1/2010 and 1/1/2011 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Some rounding in the percentage figures may result in figures not adding to 100%.
Copyright © 2011 Heather Tawes Nelson
True Food Kitchen Scottsdale and Phoenix AZ – Cooking Smarter for Health and Happiness
True Food Kitchen is a popular local restaurant with locations in Scottsdale and Phoenix, Arizona. It hit the ground running about two years ago in the Biltmore Fashion Park in Phoenix and has not slowed down since.
True Food Kitchen’s success is based on its philosophy of fresh, healthy, satisfying food that tastes good. Most of the items used are sourced locally and are organic. The menu changes frequently as new items come into season and others cycle out. True Food Kitchen works closely with Dr. Andrew Weil and the tenets of his Food Pyramid. The best part of eating here is that you get a delicious, filling meal and do not have to feel guilty when you leave.
Occasionally, True Food Kitchen will host a special event and yesterday, I had the pleasure of attending a cooking demonstration. The theme for the demonstration was “Cooking Smarter for Health and Happiness” and it was led by the Executive Chef Michael Stebner, who opened the original restaurant a couple of years ago.
Upon seating, we were served a drink called “Red Moon” that contained pink grapefruit juice, yuzu, agave nectar and soda. It was refreshing without being too sweet and I would definitely order it again. Chef Stebner took the opportunity to open up and talk with us about the restaurant’s focus and how eating fresh, in-season produce not only tastes great, it is great for your health as well.
We then moved on to a demonstration of how to make three dishes that are favorites among diners. As each dish was being prepared, the audience members were given their own portion of the dish to enjoy. The first item was Shiitake & Tofu Lettuce Cups, a hugely popular appetizer. The ingredients cooked quickly in the wok and the aroma of ginger, garlic and teriyaki sauce smelled delicious. As promised, the dish was extremely flavorful and yet was not heavy or greasy.
The second course was something I had been looking forward to trying for a while. It was a Spaghetti Squash Casserole, which, when ready resembles a bubbling lasagna with spaghetti squash standing in for the pasta. Not only is it relatively easy to make, the finish product tasted as good as I thought it would.
The final course was a sorbet made with orange juice, agave nectar and olivello juice. The olivello juice was new to me and is actually made from sea buckthorn berries which are antioxidant powerhouses. The sorbet was a refreshing and delicious way to end the demonstration.
Overall, it was a great afternoon with a really entertaining and informative course. Not only did I get a great meal, I walked away with recipes and tips on some of the best local organic farmers’ markets that I had not been to previously. If you have an opportunity to attend one of these demonstrations, I highly recommend it.
More Information:
True Food Kitchen
Biltmore Fashion Square, Phoenix, AZ
Scottsdale Quarter (across from Kierland), Scottsdale, AZ
(602) 774-3488
www.TrueFoodKitchen.com
– Newport Beach, CA and other locations as well
Phoenix and Scottsdale AZ Luxury Condo Sales – December 2010
– December 2010 Scottsdale and Phoenix Luxury Condo Sales –
Here are the results for December 2010 for the Phoenix and Scottsdale luxury condo market. In this analysis, I define the luxury condominium market as condos for sale with an asking price of $1 million or more.
December was a decent month for the Scottsdale and Phoenix area luxury condo market. By the end of the month, we had the highest-priced condo sale of the year as well as another luxury condo in pending status.
December’s luxury condo sale was in Phoenix, in the elegant community of Two Biltmore Estates. This unit had three bedrooms, three and one-half bathrooms, 3,960 square feet and phenomenal views of the golf course, mountains and city lights. This was the most expensive condo sale of 2010 and the final sales price was $2,250,000.
The pending sale was in Optima Camelview of Scottsdale. This unit had an asking price of $1,195,000. It is a new, fifth floor unit with three bedrooms, two and one-half bathrooms and has 2,848 square feet.
December was a nice suprise to end the year with. Going in, there were no pending sales, so the forecast looked to be disappointing. However, the Two Biltmore Estates sale closed in a mere 15 days. Additionally, the pending sale at Optima Camelview should help January’s sales figures if it closes this month.
Search Phoenix and Scottsdale Luxury Condos for Sale
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2011 Heather Tawes Nelson
Scottsdale AZ Single-Family Luxury Home Market – December 2010
– December 2010 Luxury Home Sales –
Here are the figures for December 2010 on the luxury home market in Scottsdale, Arizona. This is a monthly report that looks at luxury homes sales activity in Scottsdale where the homes have asking prices over $1 million. The last 12 months of resale data are included in this analysis.
– December 2010 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: At the end of December, there were 269 homes for sale in this price point. This was down slightly over November and is tracking behind the 12 month average of 307.
– Pending Scottsdale Home Sales: Seventeen homes were pending at the end of the month. While this is a big drop over November, we see this trend seasonally as buyers typically do not go under contract with the same frequency in December. The 12 month average for this price segment is 24.
– Scottsdale Homes Sold: There were 26 home sales in December, which was the second best performance we saw in the last year. Eighteen is the average monthly sales figure for the last 12 months.
– Sales Price to Listed Price: 88.4% – This is pretty typical for this figure which stays in the high 80%’s and low 90%’s.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: 168 homes were on the market at the end of the month, which is the same as what we saw at the end of November. The 12 month average is 194.
– Pending Scottsdale Home Sales: Only 9 homes were pending at the end of the month. Again, seasonality is coming into play. The 12 month average for pending sales is 15.
– Scottsdale Homes Sold: There were 5 home sales in December, the same as we saw in November. After a strong start to the year, sales activity tapered off in the last half. The 12 month average is 9.
– Sales Price to Listed Price: 92.7% – This is on the higher end of typical as sellers are getting closer to their asking prices for their homes.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: 160 homes were for sale in this price range. This is down one from November and is below the 12 month average of 176.
– Pending Scottsdale Home Sales: Eight homes were pending sale, which is on par with the 12 month average.
– Scottsdale Homes Sold: There were eight home sales in December, which is the best we have seen since June. This figure is also ahead of the 12 month average of 7.
– Sales Price to Listed Price: 86.9% – This number fluctuates a lot, but this is a pretty typical ratio for this price segment.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: There were 110 homes for sale at the end of December, below the 12 month average of 122.
– Pending Scottsdale Home Sales: Pending sales saw a large drop to 2, down from 7 in November. The 12 month average is 4.
– Scottsdale Homes Sold: Seven homes sold in excess of $3 million in December. This is the best performance we have seen all year and it is more than double the 12 month average of 3.
– Sales Price to Listed Price: 86.4% – This is pretty good for this segment. Buyers still got a decent discount off of asking price, but not as large as seen in previous months.
Overall, December was a decent month for the Scottsdale AZ luxury real estate market. Due to strong pending numbers in November, we saw some really good sales results in December. Inventory decreased or stayed level in all categories. Pending sales were more or less down in December, which is a seasonal pattern we see. This means January 2011 sales figures will likely be weak.
To see the detailed data behind this report, please visit my Scottsdale luxury real estate market reports page and click on the “Scottsdale Market Trends” report.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2011 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2011 Heather Tawes Nelson
Scottsdale AZ Single-Family Homes for Sale – December 2010
– December 2010 Scottsdale Home Sales –
Here are the figures for December 2010’s Scottsdale AZ Home Sales. This analysis covers all of 2010 home sales activity in Scottsdale on a monthly basis. You can also see the month-over-month changes and the monthly sales price to list price ratio. Scottsdale single-family resale homes are the focus of this report.
December 2010 Highlights for Scottsdale AZ Homes for Sale:
- Active Scottsdale Homes for Sale: Inventory of homes on the market dropped off at the end of the month to 2,585, below the 12 month average of 2,719. This is not a huge surprise as many listing contracts have December 31st as the expiration date. We may see this number creep back up in January 2011.
- Pending Homes Sales in Scottsdale: Pending home sales were down from November’s 477 to 430 at the end of the December. This is the lowest this figure has been in the last 12 months. However, we see this seasonal pattern every year since many folks hold off on writing contracts until after the holidays.
- Scottsdale Homes Sold: Home sales saw a nice 21.2% uptick in December to 400. This is the highest this figure has been since June of 2010 and is ahead of the 12 month average of 363.
December 2010 Scottsdale home sales ended the year with a decent finish. Home sales posted strong numbers and inventory was down. However, the lower pending sales number in December means we will need to make up some ground in order to have a decent January. We will also want to watch for inventory of homes for sale creeping back up in the new year.
Search Scottsdale AZ Homes for Sale
Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2011 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2011 Heather Tawes Nelson
Desert Mountain in Scottsdale is Now Owned By the Members
Desert Mountain Scottsdale’s Membership Buyout Complete
– New Pricing and Terms Effective January 1, 2011 –
When Desert Mountain was developed over 20 years ago in Scottsdale, Arizona, it was always scheduled to be taken over by the membership at a future determined date. That time has now arrived and the buyout was enthusiastically accepted throughout the community of current members of the Club.
To assist in the transition, the Desert Mountain membership elected an Advisory Board that has been in place for a number of years and has worked continuously with the Developer and subsequent owners to insure the membership would be treated fairly during the scheduled turnover. The Advisory Board is now the Board of Directors.
Desert Mountain Deferred Equity Golf Memberships (DEGM’s) have been converted into Desert Mountain Equity Golf Memberships. And, the Deferred Equity Club Memberships have also been converted into Equity Club Memberships. (Club Memberships are social membership with limited golf privileges).
Equity Golf memberships have now been valued at $140,000 and are available for purchase to current Desert Mountain property owners without memberships or to new Desert Mountain property owners who buy homes or lots without the membership attached. The Equity Club Memberships have been valued at $40,000.00 and are also available for purchase to the same folks.
Desert Mountain offers six Jack Nicklaus golf courses as well as six clubhouses, four club dining rooms, and a full health facility and tennis complex located at the Sonoran Clubhouse. An informal breakfast and lunch is offered at The Hideout at the Renegade Golf Course.
If you have any further questions about the buyout or want more information, please contact Joyce Tawes via email or call/text to (480) 209-7843.
