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Estancia Golf Community Scottsdale AZ- 2011 Real Estate Report

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Estancia Scottsdale AZ Golf ClubThe prestigious golf community of Estancia is one of North Scottsdale‘s jewels. The community is situated on 640 prime acres and is known for its stunning Pinnacle Peak, mountain and city light views. In addition, Estancia is guard-gated and is home to an award-winning golf course.

In the charts below, you will see the results for Estancia’s 2011 home sales. The first chart is an overview of current activity in Estancia, including active homes on the market and the single pending sale. The second chart breaks out 2011 home sales by quarter and provides a summary of the year’s sales.

Estancia’s home sales got off to a slow start in the first quarter, but picked up momentum for the following three quarters. Over the course of the year, the average sales price increased as did the average square footage of the homes being sold. We saw the average price per square foot increase as the year progressed as well.

Estancia Golf Community Scottsdale AZ Homes for Sale February 2012

Estancia Golf Community Scottsdale AZ 2011 home sales

 

About Estancia Golf Community in Scottsdale, Arizona
Estancia is an elegant golf community in Scottsdale, Arizona. It is situated in North Scottsdale adjacent to the Troon area and Pinnacle Peak. Homes in Estancia are known for their luxurious design and impeccable construction. Many of them have outstanding views and large lot sizes.

You do not have to be a homeowner in Estancia to become a member of the Estancia Golf Club. Conversely, you are not required to join the club if you purchase a home in Estancia either. Estancia’s award-winning golf course was designed by Tom Fazio and year after year it continues to earn accolades. Membership at Estancia Golf Club is capped at 325 and memberships are sold on a market-price basis.

The clubhouse at Estancia is elegantly appointed. There are casual and formal dining areas, as well as a pro shop, men’s and ladies’ locker rooms, a fitness center, a swimming pool and much more.

Search for Estancia Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 2/27/20112 and can change at any time. The analysis looks at home sale activity in the golf community of Estancia in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson

Scottsdale AZ Luxury Golf Community Home Sales for 2011

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Here is a real estate overview for 2011 for the top luxury Scottsdale AZ Golf Communities and Scottsdale Golf Homes for Sale. In addition to the Scottsdale golf communities, I have also included a few others in neighboring Carefree and Cave Creek, Arizona.

A large number of these golf communities are found in North Scottsdale. They include Desert Mountain, DC Ranch, Silverleaf, Whisper Rock  and Estancia. You can also find excellent golf communities just outside of Scottsdale in the adjacent towns. For instance, there is the The Boulders in Carefree and Rancho Manana in Cave Creek to name a few.

This first chart looks at 2011 sales activity for Scottsdale area luxury golf homes. Each community’s sales statistics are noted, including average sales price and average cost per square foot for these sold homes.

You can also review the column titled “Sales Price to List Price.” Here you can measure how large the average discount off  of asking price was on a community by community basis. On average, homes in Rancho Manana sold the closest to asking price at 97.2%, or just under 3% off list price. Right behind Rancho Manana was Dove Valley Ranch at 97.1% of list price. The community with the largest average discount off of asking price was Silverleaf at 86%, or 14% off of list price. While this is a large discount, we saw communities where there were 25% average discounts in 2010.

The variance seen in the discounts is not surprising as you often see more price flexibility at the luxury end of the market. Additionally, when the number of home sales is lower, any homes that sold with a large discount have a heavier weight in the calculation.

Carefree Cave Creek Scottsdale Golf Home Sales 2011

This second chart outlines the current inventory on the market for each of the Scottsdale area luxury golf communities. It is a snapshot of the number of homes for sale as of February 20, 2012 and the average asking price. You will also see detail on the lowest and highest priced homes on the market illustrating the range in home prices within the community.

The most expensive golf home on the market is at Silverleaf at DC Ranch for $24,500,000.  The next most expensive home is in Desert Mountain at just under $11 million dollars.

The least expensive home is found in the Cave Creek community of Tatum Ranch. It is listed for $154,900.

Scottsdale Golf Homes for Sale February 2012 Carefree Cave Creek

Click here to see an Interactive Map of the Scottsdale, Carefree and Cave Creek Golf Communities. Once you are on the map, you can click on any community for more information and gain access to current homes for sale.

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 2/20/2012 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 © 2012 Heather Tawes Nelson

Whisper Rock Scottsdale Arizona – 2011 Home Sales Performance

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Whisper Rock is one of Scottsdale’s top luxury, golf communities. It is located in North Scottsdale, Arizona, just south of Carefree. Whisper Rock is comprised of 800 acres and lot sizes tend to average around or above 2 acres. A large majority of the homesites enjoy golf course views, mountain views or both.

The following is the 2011 Whisper Rock home sales report. In addition to 2011 home sales in Whisper Rock, the current inventory of homes on the market as of mid-February 2012 is included.

Whisper Rock Scottsdale Homes for Sale 2012

 

About Whisper Rock:
The community of Whisper Rock is a top golf community located in Scottsdale, Arizona. It is home to two stunning golf courses, enjoys a spectacular mountainous terrain and stunning desert vistas abound.

In addition to residential lots, Whisper Rock has a good selection of resale homes for sale as well. In all, there are 197 homesites and 17 villas in Whisper Rock. Residents enjoy a good amount of privacy due to the larger lot sizes and gated entry. However, there is an active sense of community where residents interact within the three acre park, fitness center and pool, tennis courts and/or miles of trails.

View Whisper Rock Scottsdale Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 2/17/2012 and can change at any time. The analysis looks at Scottsdale AZ real estate activity in the golf community of Whisper Rock in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson

Scottsdale Zip Code 85266 Home Sales By Type Q4 2011 – Includes Foreclosures & Short Sales

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Below are the year-end home sales results for Scottsdale Arizona’s 85266 zip code.

85266 is a newer North Scottsdale zip code and covers the northwest part of the city. It is bordered by Cave Creek and Phoenix to the west and Carefree to the north. 85266 does enjoy a higher elevation than Downtown and Central Scottsdale, and while it may not experience the lower temperatures like the northernmost areas  of 85262, many of the homes and lots do have incredible valley and city lights views. It is also home to three of the top area golf communities including Whisper Rock, The Boulders and Terravita.

The following analysis covers Q4 2011 home sales for zip code 85266. The data was divided into three categories that I explain below:
– Non-Distressed Sales – These are “normal” or “traditional” home sales. Here the seller and buyer come to an agreement on the price and terms of the home sale and then work together to conclude the deal and pass ownership on to the buyer.
– Short Sales – Short sales are when a distressed homeowner needs to sell their home for less than is what is owed on the home – i.e. they are “short” on the total amount. In this case, approval from the lender or lenders is required for a transaction to take place.
– Foreclosures – These are homes where the homeowner has been foreclosed upon and no longer owns the home. Foreclosures are also known as “Lender-Owned” homes, “REO'” homes or “Bank-Owned” homes.

Overall Findings for the Scottsdale Zip Code 85266 Home Sales Market for Q4 2011 – Data as of January 1, 2012

  • Active Scottsdale 85266 Homes For Sale: Over 90% of the homes on the market at the end of December were regular sales. Short sales came in next at 8% and foreclosures were barely represented at 2%
  • 85266 Pending Homes for Sale: Although almost all of the homes on the market were regular sales at the end of the year, they only represented 50% of the pending sale inventory. The other half of the pending sales were split evenly between short sales and foreclosures.
  • Q4 2011 Scottsdale 85266 Home Sales: Regular sales again made up the majority of the home sales in Q4 2011 with 72% of all sales. Again, short sales and foreclosures were almost evenly split to make up the rest of the sales.
  • 85266 Home Prices: Interestingly enough, short sales had the highest average sales price in Q4, but as we would expect, were much lower when you look at average price per square foot sold. As to be expected, foreclosures came in with the lowest average sales price and average price per square foot.
  • Discounts Off of List Price: This zip code had the lowest average discount off of sales price. Regular sales sold at only an average of 5% off asking. Short sales only saw an average 2% and foreclosures sold at list price.

Home Sales Zip Code 85266 Scottsdale Q4 2011 Short Sales Foreclosures

 

2011 Scottsdale Home Sales in Zip Code 85266
Here are 85266’s home sales broken out by quarter and by home sale type.

In 2011, over two thirds of sales in 85266 were regular sales and the balance was almost evenly split by short sales (17%) and foreclosures (15%.)

Zip Code 85266 Scottsdale AZ Home Sales 2011 Short Sales Foreclosures

If you would like to see this information for the City of Scottsdale AZ, please see these previous reports:

View Scottsdale Home Sales by Type Q3 2011
View Scottsdale Home Sales by Type Q2 2011
View Scottsdale Home Sales by Type Q1 2011
View Scottsdale Home Sales by Type for 2010
View Scottsdale Home Sales by Type for 2009

Disclaimer: Due to rounding issues, not all columns will add up to 100%. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2011, 7/1/2011, 10/1/2011 and 1/1/2012 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ zip code 85266 for Q4 2011. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2011 Heather Tawes Nelson

Scottsdale Zip Code 85255 Home Sales By Type Q4 2011 – Includes Foreclosures & Short Sales

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Here are the final numbers for 2011 home sales in the Scottsdale Arizona zip code of 85255.

85255 is a larger zip code and can be found in North Scottsdale, just north of the top of Loop 101. It is home to many luxury communities including some of the top golf communities in the area, namely Troon Country Club, Desert Highlands, Grayhawk, DC Ranch and Silverleaf. There is a very broad range of homes and home types to choose from including “lock and leave” condos and townhomes, gated and non-gated subdivisions as well as custom homes and large estates. One of the other things unique to Scottsdale’s 85255 is Pinnacle Peak, which is beautiful to look at and fun to hike.

You will find 85255’s home sale activity for Q4 2011 below. The information was broken down into the three types of sales most frequently seen right now:

The three categories are defined as follows:
– Non-Distressed Sales – These are the “regular”, “normal” or “traditional” home sales. Here, the seller and home buyer are the two principals in the transaction and agree on terms and price to result in a successful sale.
– Short Sales – You will see a short sale when an “underwater” homeowner plans to sell the home for less than the loan amount(s) owed on it. In many cases, there is more than one loan involved. In this case, the company or companies who loaned the money to purchase the home have to give the approval on the terms of the contract since they will be getting less than what is owed.
– Foreclosures – Foreclosures are just like what they sound like. They are homes that have been foreclosed upon and are now back with the lender. These are also called “Lender-Owned” homes, “REO'” homes or “Bank-Owned” homes.


Overall Findings for the Scottsdale Zip Code 85255 Home Sales Market for Q4 2011 – Data as of  January 1, 2012

  • Active Scottsdale 85255 Homes For Sale: Almost the entire inventory of homes for sale at the end of Q4 in 85255 were regular sales. Short sales (6%) and foreclosures (3%) made up the small remainder.
  • 85255 Pending Homes for Sale: Regular homes dropped down a bit proportionally when looking at pending sales at the end of December. They came in at 60%. Conversely, we saw an increase in distressed homes in pending status. Short sales comprised 29% of the market and foreclosures came in at 11%.
  • Q4 2011 Scottsdale 85255 Home Sales: The majority of homes sold in Q4 were regular sales (65%.) Short sale representation stayed strong with 20% of closed sales and foreclosures also picked up 15% of the market.
  • 85255 Home Prices: For the first time since I have been tracking this information, lender-owned homes had the highest average sales price in comparison to the other two categories. And, for the first time average price per square foot for foreclosures was higher than short sales. As would be expected, regular sales had the highest average price per square foot.
  • Cumulative Days on Market: We typically see the shortest average days on market with foreclosures as they tend to go under contract quickly. However, in Q4, regular sales had the shortest time on the market. As to be expected, short sales had the longest time on market at 241 days.
  • Discounts Off of List Price:  The average 5% discount off of distressed property prices is what we have been historically seeing. Buyers who purchased regular homes saw an average discount of 7%. This was closer to 10% previously, but has been creeping up.

Scottsdale zip 85255 Q4 2011 Home Sales Foreclosures Short Sales

 

Scottsdale Zip Code 85255 – Sales Data By Quarter for 2011
Here is a quarter by quarter 2011 snapshot for home sales by type in the 85255 zip code. If you compare Q4 to the entire year, you will see that the ratios have remained more or less static throughout with regular sales capturing about 60% of the market, short sales capturing about 25% of the market and foreclosures capturing about 15%.

Zip 85255 Home Sale by Quarter 2011 Short Sales Foreclosures

 

If you would like to review this data for the City of Scottsdale AZ versus a single zip code, please visit these previous reports:

View Scottsdale Home Sales by Type Q3 2011
View  Scottsdale Home Sales by Type Q2 2011
View Scottsdale Home Sales by Type Q1 2011
View Scottsdale Home Sales by Type for 2010
View Scottsdale Home Sales by Type for 2009

Disclaimer: Due to rounding issues, not all columns will add up to 100%. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2011, 7/1/2011, 10/1/2011 and 1/1/2012 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ zip code 85255 for Q4 2011 and for the year of 2011. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2012 Heather Tawes Nelson

Scottsdale Zip Code 85262 Home Sales By Type Q4 2011 – Includes Foreclosures & Short Sales

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Here are the 2011 year-end results for home sales in the 85262 zip code in North Scottsdale.

You can find the 85262 zip code in the most northern part of Scottsdale. Many of the most well-known, luxury golf communities can be found there, including Desert Mountain, Mirabel, Troon North, Legend Trail and Estancia.

Because 85262 is located so far north, it is at a higher elevation and can be a few degrees cooler in the warm summer months. This also means that a large number of homes and lots enjoy some amazing city light and mountain views.

This market report goes over the fourth quarter activity for home sales in 85262. The information has been divided into three categories and their definitions are below.

– Non-Distressed Sales – I call these “regular” home sales. These are traditional home sales where the seller and the homebuyer work together to determine the price and terms of the sale. They are the two stakeholders in the scenario. At the end, the ownership of the home is transferred to the buyer.
– Short Sales – Short sales occur when a seller is trying to sell the home for less than what is owed on it. In this scenario and all leinholders (or “lenders”) will need to approve the terms of the sale. Frequently, there is more than one lienholder involved.
– Foreclosures – Foreclosures are homes that have been foreclosed upon and are now back with the lienholder who initiated the foreclosure process. You may also hear these called “Lender-Owned” homes, “REO'” homes or “Bank-Owned” homes.

Overall Findings for the Scottsdale Zip Code 85262 Home Sales Market for Q4 2011 – Data as of  January 1, 2012

  • Active Scottsdale 85262 Homes For Sale: At the end of December 2011, almost all of the for sale homes were regular sales (95%.) The distressed inventory only made up a small portion of the homes on the market.
  • 85262 Pending Homes for Sale: By contrast, when you look at the pending home sales at the end of 2011, short sales (19%) and foreclosures (19%) made up 38% of the inventory. Regular sales still had 61% of the market though.
  • Q4 2011 Scottsdale 85262 Home Sales: The breakout of actual home sales stayed pretty similar to the pending sales distribution. 64% of all Q4 sales were regular sales. Short sales made up a quarter of the sales and foreclosures came in last with 11% of the home sales.
  • 85262 Home Prices: As we would expect, regular home sales had the highest average sales price and average price per square foot. Short sales were next, followed by foreclosures. Usually the spread between foreclosures and short sales is a little more pronounced, but we have been seeing these figures converge.
  • Discounts Off of List Price: As we saw throughout 2011, buyers of regular homes enjoyed about a 10% off of asking price.  Short sale buyers saw about a 6% discount and foreclosures saw a 7% discount off of list price. These are larger discounts that we saw in Scottsdale overall which came in in the 2-3% range.

Home Sales in Scottsdale AZ zip code 85262 Q4 2011 short sales foreclosures

 

Scottsdale Zip Code 85262 – 2011 Home Sales

Here is the home sales information for Scottsdale zip code 85262 on a quarterly basis for 2011. A majority of the sales (57%) were regular sales and short sales and foreclosures more or less split the difference for the remaining home sales.

2011 Home Sales Zip Code 85262 Scottsdale AZ short sales foreclosures

To see this same information for the entire City of Scottsdale AZ, please visit these previous reports:

View Scottsdale Home Sales by Type Q3 2011
View Scottsdale Home Sales by Type Q2 2011
View Scottsdale Home Sales by Type Q1 2011
View Scottsdale Home Sales by Type for 2010
View Scottsdale Home Sales by Type for 2009

Disclaimer: Due to rounding issues, not all columns will add up to 100%. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2012 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ zip code 85262 for Q4 2011. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2012 Heather Tawes Nelson

Desert Mountain Scottsdale AZ – 2011 Home Sales and Real Estate Update

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Desert Mountain Golf Community Scottsdale ArizonaDesert Mountain is the farthest north golf community in Scottsdale and is bordered by national forest land and the Town of Carefree. This elevated location makes Desert Mountain a truly breathtaking place to live. Within the 8,000 acre community, you will find six Jack Nicklaus Golf Courses, six clubhouses, a large fitness and swimming center as well as a tennis complex with multiple court surfaces.

Here are some reports that look at Desert Mountain home sales in 2011 as well as homes on the market at Desert Mountain.Desert Mountain Golf Homes for Sale Scottsdale

As you can see, sales have been spread pretty equally throughout the year and average sales price has been prety steady. What is interesting to note is that average price per square foot as gone down some over the last six months in comparison to the year-t0-date figure.

About Desert Mountain in Scottsdale, Arizona:
Desert Mountain is one of the top golf communities in Scottsdale. It sits on 8,000 acres and is home to six challenging Jack Nicklaus golf courses. Six clubhouses offer an array of dining choices ranging from casual to more formal. Desert Mountain has an extensive tennis complex, a fully-outfitted fitness center and spa and lap and play pools. Take advantage of Scottsdale’s wonderful weather and experience the miles of trails that wind throughout the community. Homes range from smaller , “love and leave” cottages up to expansive estates. There are also many homesites for sale as well.

Search Desert Mountain Homes For Sale
Search Desert Mountain Homes Under $1 Million
Search Desert Mountain Homes Between $1 and $2 Million
Search Desert Mountain Homes Over $2 Million
Search Desert Mountain Short Sales
Search Desert Mountain Foreclosures

 

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/29/2011 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Desert Mountain Scottsdale AZ.
Copyright © 2011 Heather Tawes Nelson

Estancia Golf Community in Scottsdale AZ- 2011 Home Sales Results

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Estancia Luxury Golf Homes for Sale Scottsdale AZ Estancia is one of North Scottsdale‘s top luxury golf communities. Spread over 640 acres, Estancia continues to be recognized for the community and its award-winning golf course. Estancia  is guard-gated and enjoys spectacular Pinnacle Peak, mountain and city light views.

Below you will see the 2011 home sales results for Estancia. The first part of the report shows the current inventory of the homes on the market. The second part looks at pending home sales activity and the third section looks at actual Estancia home sales. I broke the information into first quarter 2011 as well year-to-date through June 20th.

As you can see, Estancia home sales started off quite slow in the first quarter. There was only one home sale and it was a short-sale of one of the La Scala homes. From April through June 20th, there were an additional four home sales. These sales were all for homes on the lower end of the price spectrum for Estancia. Currently, the lowest-priced home on the market is a short sale and is listed for $1,400,000.

 

Estancia Scottsdale Home Sales Report June 2011

 

About Estancia Golf Community in Scottsdale, Arizona
Estancia is an top-notch, luxury golf community in Scottsdale. Its location in North Scottsdale right next to Troon and Pinnacle Peak allows it to have some amazing views. Homes at Estancia are known for their elegance, impeccable construction and design.

Homeownership in Estancia is not required to become a member of the Estancia Golf Club. And, as a homeowner, you are not required to join the club either. However,  many residents elect to become members of this the excellent club. The award-winning Estancia golf course was designed by Tom Fazio and continues to garner accolades. Estancia Golf Club golf memberships are capped at 325 and are sold on a market-priced basis.

Estancia’s clubhouse is elegantly appointed. It has both causal and more formal dining areas, as well as a pro shop, men’s and ladies’ locker rooms, a fitness center, a swimming pool and much more.

Search for Estancia Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 6/20/2011 and can change at any time. The analysis looks at home sale activity in the golf community of Estancia in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2011 Heather Tawes Nelson

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