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The Boulders Carefree and Scottsdale – 2014 Real Estate Update

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– The Boulders Scottsdale and Carefree – About the Community and Real Estate Update –

The Boulders is a world-renowned resort community located in Carefree and Scottsdale, Arizona. Home to The Boulders Resort and Spa as The Boulders Home Carefree Scottsdalewell as two golf courses, the lifestyle at The Boulders is hard to beat.

The community is named after the impressive rock formations that dot the landscape. Black Mountain is located just to the west and you are just minutes away from excellent dining, shopping, galleries, hiking and more.

Housing options at The Boulders range from casitas to large custom homes on the golf course. The casita dwellings are perfect for seasonal visitors looking for a “lock and leave” scenario and a few of the casitas participate in The Boulders rental pool, which can be a source of revenue for homeowners.  Many of the homes favor the southwestern or territorial look, but you will also find other styles of homes throughout.

Here is an overview of The Boulders real estate market for 2014 to-date.

THE BOULDERS HOMES FOR SALE AND PENDING SALES AS OF 5/28/2014

There are currently 34 homes for sale in The Boulders. Prices range from $490,000 for a 2 bedroom plus den, two bathroom townhome with 2,058 square feet to $2,295,000 for a stunning custom home with 5,754 square feet, four bedrooms and six bathrooms.

The single pending sale is another lovely custom home. This one has 5,700 square feet and comes with six bedrooms and five and one-half bathrooms.

 

The Boulders Homes for Sale 2014 Scottsdale Carefree

THE BOULDERS 2014 HOME SALES – THROUGH 5/28/2014

Home sales really picked up as the second quarter got underway. Sales for the partial second quarter are already twice the sales we saw in Q1 2014. We see this kind of trend on an annual basis as things start moving during the high season.

Average cost per square foot has been rising over the course of the year, but buyers in Q2 are seeing slightly larger average discounts off of asking prices.

The Boulders 2014 Home Sales Scottsdale Carefree

 

Overall, sales in The Boulders have been solid and we are seeing homes of all price points sell in 2014.

If you would like to know more about The Boulders community or the homes there, please feel free to contact us.

Otherwise you can search The Boulders homes for sale via this link.

Scottsdale, AZ

Disclaimer:  Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/28/2014 and can change at any time. The analysis looks at residential single family home sales activity in The Boulders in Scottsdale and Carefree, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2014 Heather Tawes Nelson

 

Desert Highlands Scottsdale – May 2014 Real Estate Update

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– Desert Highlands Real Estate Update for May 2014 –

Desert Highlands Golf HomeDesert Highlands is an established, luxury golf community nestled into the foothills in North Scottsdale and adjacent to Scottsdale’s famous Pinnacle Peak. With 560 homesites, the community features an 18-hole Jack Nicklaus golf course, an elegant clubhouse, a tennis complex, a fitness center and pool, miles of trails and much more.

Property owners at Desert Highlands become members upon purchasing, which fosters a great sense of community and social interaction. There is a vibrant social calendar year-round as well as many sport and special interest group activities.

Here is a look at Desert Highland’s real estate market activity in 2014. There is information on homes currently for sale and pending sale as well as home sales activity for the year.

DESERT HIGHLANDS HOMES FOR SALE AND PENDING SALES AS OF MAY 20, 2014
DH for sale may 2014


DESERT HIGHLANDS 2014 HOME SALES – THROUGH MAY 20, 2014
DH Sales thru may 2014

Although average sales price slipped in Q2, the average price per square foot increased. We also saw the average cumulative days on market drop between Q1 and Q2. Buyers of homes also saw a slightly larger average discount off of asking price (6%) in Q2 over Q1 (4%.)

As you can see, things have really picked up in the second quarter, which is similar to what we saw in 2013. Over 83% of sales this year have been made since April first and with four more sales pending, the second quarter of 2014 should be an incredibly strong one for Desert Highlands.

 

If you have any questions about the community of Desert Highlands or about real estate opportunities, please feel free to contact us. Otherwise, simply enjoy browsing some of the homes for sale below.

Search Homes For Sale in Desert Highlands

 

Disclaimer:  Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/20/2014 and can change at any time. The analysis looks at residential single family home sales activity in Desert Highlands Club in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2014 Heather Tawes Nelson

Scottsdale Zip Code 85266 Home Sales By Type Q4 2013 – Includes Foreclosures & Short Sales

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– 85266 Zip in Scottsdale Home Sales for 2013  – Includes Short Sale and Foreclosure Data – 

Whisper Rock Scottsdale parkHere are the results for home sales in Scottsdale’s 85266 zip code. This report will look at real estate activity for Q4 2013 as well as the entire year.

85266 can be found in North Scottsdale. It is adjacent to 85255 and 85262 and borders the towns of Carefree and Cave Creek. The majority of housing options in 85266 are single-family homes, many on large lots and many with horse privileges. Residents enjoy the natural desert landscape while being minutes away from dining, shopping and entertainment.

There are some excellent private golf communities located in 85266. They include: Whisper Rock, The Boulders and Terravita.

85266 HOME SALES INFORMATION
Here are the sales statistics for 85266. The top section will look at performance in the last quarter of 2013 and then the next two sections will look at the sales data over the course of the year.

There are three sales types covered and here are their definitions:
– Non-Distressed Sales – Non-distressed sales are typical home sales. These regular sales are what most people are familiar with as they are the majority of sales.
– Short Sales – A short sale happens when the value of the home falls below what is owed on it. In this case, the seller has to get permission from the lienholder to sell the home for less. This is an example of a distress sale.
– Foreclosures – Another example of a distress sale in a foreclosure. Here the homeowner has lost the home and the ownership has reverted back to the lienholder.

Overall Findings for the Scottsdale Zip Code 85266 Home Sales Market for Q4 2013 – Data as of  January 1, 2013

  • Active Scottsdale 85266 Homes For Sale: The majority of homes for sale at the end of Q4, were regular homes sales (97%.) The small remainder was short sales and foreclosures.
  • 85266 Pending Homes for Sale: Pending sales at the end of the quarter saw a big swing toward short sales. Almost 20% of pending sales at the end of the year were short sales. There were no pending sales of foreclosures.
  • Q4 2013 Scottsdale 85266 Home Sales: Looking at Q4 sales, 15% fell into the distressed category. This is higher than we have seen in other Scottsdale zip codes.
  • 85266 Home Prices: Foreclosures came in with the highest average sales price of all three categories and an average price per square foot higher than short sales. Usually, foreclosures come in at the bottom.
  • Cumulative Days on Market: What is interesting is how long the days on market were for foreclosures, exceeding short sales. Part of this can be attributed to the higher price point of the sales, as higher priced homes take longer to sell.
  • Discounts Off of List Price: The short sale average discount off of asking is one of the highest I have ever seen at 17%. This is usually a discount of a few percentage points. Foreclosures also came in a little higher than usual.

Q4 2013 Home Sales Scottsdale AZ Zip Code 85266

Scottsdale Zip Code 85266 Home Sales for 2013

Here is the same chart as above, but with full-year data.

What is notable is that short sales came under foreclosures in terms of average sales price and average price per square foot. Typically, foreclosures come in with the lowest price per square foot.

When looking at 2013, buyers of short sales and foreclosures only saw an average discount of 1% off of asking, whereas purchasers of regular sales saw an average of 4%.

2013 Home Sales for Scottsdale AZ Zip Code 85266

 

QUARTERLY SUMMARY – 2013 Scottsdale Home Sales in Zip Code 85266
As we have seen elsewhere, Q2 was a very strong sales quarter for 85266. Sales in that quarter more than doubled sales in Q3 and Q4.

What is interesting to note is that we typically see non-distressed sales’ percentage of the market increasing over the course of the year. In the case of 85266, distressed sales had their largest representation in Q4 at 15% of all sales.

2013 Quarterly Home Sales Scottsdale AZ Zip Code 85266

To see this same information for the entire City of Scottsdale AZ, please visit these previous reports:
View Scottsdale Home Sales by Type for 2012
View Scottsdale Home Sales by Type for 2011
View Scottsdale Home Sales by Type for 2010

Search Homes for Sale in 85266

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 and 1/1/2014 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 2013 and 2013. Actives and pending figures are as of the day the data was pulled. 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. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

Scottsdale Zip Code 85255 Home Sales By Type Q4 2013 – Includes Foreclosures & Short Sales

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85255 Scottsdale Desert Landscape–2013 Scottsdale Zip Code 85255 Home Sales By Type-

Below is a look at home sales activity for 2013 in the Scottsdale Arizona zip code of 85255.

85255 is a popular North Scottsdale zip code. While there are a wide variety of communities to choose from and plenty to do with regards to shopping and dining, the Sonoran desert landscape still is showcased.

Some of the most prominent communities found in 85255 are Troon Village, Desert Highlands, Grayhawk, DC Ranch and Silverleaf. Each of these master planned communities have taken advantage of the rolling hills and mountains found in this area and many homes have lovely desert or city light views.

Overview of Home Sales Types
The sales data below has been categorized by sale type and each of them are defined below:

  • Non-Distressed Sales: Home sales in this category are traditional or regular home sales that most people are familiar with.
  • Short Sales: Short sales are considered distressed sales. In this case, the seller can only sell the home for less than what is owed on it. In order for the sale to go through, the approval of the lienholder has to be obtained.
  • Foreclosures: These are another form of distress sale. Here, the home has been foreclosed upon and no longer belongs to the homeowner. These are also referred to as “lender owned”, “REO” or “bank owned” homes.

Overall Findings for the Scottsdale Zip Code 85255 Home Sales Market for Q4 2013 – Data as of January 1, 2014

  • Active Scottsdale 85255 Homes For Sale: Virtually every home (99%) in 85255 at the end of the year was a non-distressed sale. Only five homes fell into the distressed category.
  • 85255 Pending Homes for Sale: When you look at pendings, you see a higher percentage of short sales.
  • Q4 2013 Scottsdale 85255 Home Sales: Almost every sale in Q4 was a regular sale. What is interesting is that the almost all of the other sales were foreclosure homes.
  • 85255 Home Prices: It is rare to see foreclosures having the highest average sales price, but when you look at the average price per square foot, the numbers come in like we are accustomed to seeing, with regular sales as the highest, followed by short sales and foreclosures.
  • Cumulative Days on Market: What is interesting is how much longer lender owned homes took to sell in Q4. It was almost double the time for short sales, which traditionally take the longest to close.
  • Discounts Off of List Price: Buyers of short sales in Q4 saw the highest average discount off of asking at 13%. This is the highest I have seen this in a long time. Regular and foreclosure buyers saw, on average, a 4-5% discount.

Q4 2013 Home Sales in Scottsdale Zip Code 85255


Scottsdale Zip Code 85255 – 2013 Home Sales Data

2013 Home Sales Scottsdale AZ Zip Code 85255

This is the same report as above, but it looks at the entire year. The results are more or less what we would expect with regular sales having the highest price per square foot followed by short sales then foreclosures.

The largest average discount off of list price for buyers (4%) was found with regular sales and foreclosures. Purchasers of short sales saw a very small (1%) average discount off of asking.

Scottsdale Zip Code 85255 – Sales Data By Quarter for 2013

This final chart looks at the sales mix over each quarter in 2013.

As we have seen almost everywhere, the percentage of regular sales compared to distress sales gained traction over the course of the year. In Q1, 90% of all sales were non-distressed. By the end of Q4, that had climbed to 95%.

Scottsdale AZ Zip Code 85255 Home Sales 2013

 

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 for 2012
View Scottsdale Home Sales by Type for 2011
View Scottsdale Home Sales by Type for 2010

 

Search Homes for Sale in 85255

 

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 1/1/2014 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 2013 and for the year of 2013. Actives and pending figures are as of the day the data was pulled.  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. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

Scottsdale Golf Communities – 2013 Real Estate Sales

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– Scottsdale Golf Communities – 2013 Real Estate Sales Report-

Desert Mountain Golf Course ScottsdaleHere is a review of 2013 home sales various Scottsdale and area golf communities. Included are a large number of communities located in North Scottsdale, Cave Creek and Carefree. The analysis looks at items like number of sales in 2013, average sales price, average price per square foot and so on.

As with last year, the most affordable communities to purchase homes in were Tatum Ranch and Dove Valley Ranch. Both of these communities are located in Cave Creek, just to the west of Scottsdale. Average sales prices for 2013 for these two communities were in the $290-$325K range. Homes in Tatum Ranch and Dove Valley Ranch also had the shortest average time on market compared to the other golf communities.

Looking at the communities on the higher end of the price spectrum, you will find Silverleaf, Estancia and Whisper Rock. All three communities had an average sales price in excess of $2 million. Silverleaf came in with the highest average price per square foot with $454.94.

Other Items of Note:

  • As a rule of thumb in real estate, the higher the prices of homes, the longer it takes for the homes to sell as there are fewer qualified purchasers for these types of homes.
  • We saw less discounting off of asking price in 2013 as the market saw improvement. In the Rancho Manana community, the average sales price actually exceeded the asking price last year.
  • The highest priced sale of 2013 was in Estancia. An estate sold for $7,200,000.
  • As to the shortest days on market, Tatum Ranch came in the lowest with an average of 54 days.
  • Desert Mountain came in with the highest average days on market at 341 as it took quite a while for some of the most expensive homes to sell.

Scotttsdale Golf Community 2013 Sales

Search Scottsdale Golf Homes for Sale

Disclaimer: * Days on market is cumulative days on market. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2014 and can change at any time. The analysis looks at single-family resale  home sales in Scottsdale AZ in 2013.Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2014 Heather Tawes Nelson| Joyce Tawes

2014 Charles Schwab Cup Championship Coming to Desert Mountain

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 – 2014 Charles Schwab Cup Championship Coming to Desert Mountain in Scottsdale this Fall – 

Desert Mountain 2014 Schwab CupDesert Mountain in Scottsdale, Arizona will again host the Charles Schwab Cup Championship later this year. Running from October 30th through November 2nd, the tournament will be played on the 7,019 yard Cochise golf course.

Many of golf’s top names will be in attendance and you will be sure to see some amazing play on the exciting Jack Nicklaus course. The purse for this event will be $2,500,000, with the winner receiving $440,000.

The last time it the Schwab Cup Championship was played at Desert Mountain, it was 2012 and the winner was Tom Lehman.

Overall, it is shaping up to be another great event and it will be here before you know it. Tickets are currently on sale if you want to plan ahead. The cost is $20 for a day ticket and $50 for a multi-day pass. Even better, if you want to support local or national charities when you buy your tickets, you can get them through Schwab’s Tickets for Charity. They should be opening up ticket sales via this channel soon.  The event will also be televised if you are unable to get up to Desert Mountain.

About Desert Mountain:

Desert Mountain is a luxury golf community located in North Scottsdale. Sitting on over 8,000 acres, it is home to six Jack Nicklaus golf courses, expansive practice areas, six clubhouses, a tennis and pool complex, a fitness center and spa, miles of trails and so much more.

Members enjoy a very active social calendar, providing plenty of opportunities to get to know your fellow residents. Dining options range from more casual settings through fine dining at restaurants like the Apache Clubhouse and Constantino’s.

From a real estate perspective, there is a wide range of housing options. You can opt for a ‘lock and leave’ casita or you can choose a lovely custom home in a variety of styles. Lots are also available for sale if you would like to design and build your own home.

 

Desert Mountain Scottsdale – 2013 Lot Sales Update and Current Inventory

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– Desert Mountain Scottsdale, Arizona – Recap of 2013 Lot Sales and Current Lots for Sale – 

Desert Mountain Lots Scottsdale AZI frequently write about homes for sale in the upscale golf community of Desert Mountain located in North Scottsdale, Arizona. In this post, I am going to I look at sales activity for lots within Desert Mountain. As with the homes, lots can be sold with or without an equity golf membership. (Equity memberships are available for purchase through the Desert Mountain Club.)


Current Lots for Sale and Pending Sales
As of January 27, 2014, there were 159 lots for sale within Desert Mountain. The lowest priced lot was $119,900. It was 0.6 acres and was being sold without an equity golf membership. The most expensive lot for sale was 2.49 acre parcel with panoramic views of the valley and the Chiricahua golf course. It was listed for for $1,950,000 and came with a golf membership.

The average asking price for lots was $541,110 and the average lot size for sale came in at around two acres.

2014 Lots for Sale in Desert Mountain

As of the same date, two lots were pending sale. They were priced at price $148,000 and $150,000 respectively and neither were being sold with a membership.

2013 Lot Sales in Desert Mountain

Over the course of 2013, seventy-seven lots sold within the community. The lowest priced sale was $85,000 for a 0.47 acre lot in the village of Rose Quartz. It had been priced at $95,000 and transferred via a trade. No membership was included.

The most expensive lot sale in 2013 was for a 1.22 acre parcel with amazing views in the Lost Star village. It had been on the market for over just under 2 months and did not include a membership. The asking price was $1,500,000 and it ultimately sold for $1,366,750.

2013 Lot Sales in Desert Mountain

 

About Desert Mountain Golf Community in North Scottsdale

Desert Mountain is one of Scottsdale’s premier golf communities. It features six Jack Nicklaus golf courses with varying terrain and levels of difficulty. In addition, there are six clubhouses, a tennis complex with multiple playing surfaces,  a spa, multiple pools, fitness center, miles of trails and more.

Desert Mountain offers a variety of fine dining and casual dining experiences, plus, there is a vibrant social calendar for members, with things like themed dinners, interest-based clubs and so much more.

To learn more about Desert Mountain community or for questions about real estate offerings there, please feel free to contact us.

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/27/2014 and can change at any time. The analysis looks at residential lot sales activity in Desert Mountain in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.

Copyright © 2014 Heather Tawes Nelson

The Boulders in Scottsdale & Carefree AZ – Real Estate Report for 2013

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– The Boulders in Scottsdale & Carefree AZ –  2013 Home Sales Report –

The Boulders Home CarefreeThe Boulders is a well-known and well-loved resort and golf community located in Carefree and Scottsdale, Arizona. The community was developed around the two Jay Morrish-designed golf courses and homes and casitas dot the landscape. The Boulders is also home to the The Boulders Resort and Spa, a Waldorf Astoria property.

Housing options vary from smaller “lock and leave” casitas to larger, custom homes. Many of the homes overlook the course and most have views of the wonderful rock formations that gave The Boulders its name.

THE BOULDERS HOMES FOR SALE AND PENDING SALES AS OF JANUARY 16, 2014

As of January 16th, there were twenty-six homes for sale in The Boulders. They ranged from $549,000 for a 1,629 square foot casita with two bedrooms and two bathrooms to $2,427,000 for a five bedroom, five and one-half bathroom home with guest house and 4,952 square feet.

As of the same date, a single home was pending sale. This casita is a short sale and has three bedrooms, two bathrooms and 1,631 square feet. The asking price was $349,000.

Boulders Homes for Sale 2014

 THE BOULDERS HOME SALES FOR 2013

This next section covers quarterly home sales in The Boulders for the year.

Sales saw a great surge in Q2 and tapered off in Q3, as we saw in many other areas. What is of interest is that Q4 posted such strong numbers.

Average sales price was up at the end of the year and average price per square foot climbed steadily as the year progressed.

Discounts off of asking price remained relatively level over the course of the year, averaging about 5%.

 The Boulders real estate 2013

Overall, The Boulders had a strong year in real estate sales and finished off with good momentum. Inventory is somewhat low, but we may see numbers increase as we head into the high season. 

Search The Boulders 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 1/16/2014 and can change at any time. The analysis looks at residential home sales activity in The Boulders in Scottsdale and Carefree, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.

Copyright © 2014 Heather Tawes Nelson

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