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DC Ranch Scottsdale, Arizona – 2010 Home Sales Performance

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DC Ranch Scottsdale AZHere are the home sales figures for DC Ranch real estate in Scottsdale, Arizona for 2010. DC Ranch is a delightful community located in North Scottsdale, just north of the 101 freeway. It has housing options for everyone including condos and townhomes up to mutli-acre expansive estates.

This report will provide a snapshot of DC Ranch single-family home sales in Q1 and Q2 2010 as well as July 2010. Additionally, it contains active homes for sale in DC Ranch and pending home sales in DC Ranch.

DC Ranch Scottsdale AZ Real Estate Sales 2010

As you can see, homes sales activity was slightly better in Q2 than Q1, but the average sales price of the homes was lower. Average price per square foot was up slightly.

DC Ranch Real Estate July 2010 Homes for

Here are more recent statistics on the DC Ranch real estate market. Pending sales look to be on track with Q1 and Q2 monthly averages, but sales price and average asking price per square foot continue to decrease.  July sales were strong, but again we see that the average sales price has moved to $750,492 whereas for Q1 and Q2, it was $863,667.

About Scottsdale’s DC Ranch:
DC Ranch is a  luxury community located in North Scottsdale. DC Ranch is broken into several different neighborhoods. These neighborhoods range from condo and townhome communities to multi-million dollar estates in guard-gated enclaves.

DC Ranch has its own K-8 school and two large community centers, Desert Camp and The Homestead. DC Ranch is also home to the DC Ranch Country Club, which is a private golf club with an 18-hole course designed by Tom Lehman and John Fought.

In additon to all the community offers, DC Ranch is also  home to Market Street, a wonderful shopping, dining, personal care and entertainment district.

Search DC Ranch homes for sale.

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Disclaimer: Information herein deemed reliable but not guaranteed. Data pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010 (Q1), 7/1/2010 (Q2) and 8/23/2010 (July and current information) and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

Grayhawk Scottsdale, Arizona – 2010 Home Sales Performance Through Q2

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Grayhawk Scottsdale AZ Raptor Community EntranceLocated in North Scottsdale, Arizona, Grayhawk is a wonderful community that appeals to a wide variety of people and families. There are two main neighborhoods including a guard-gated area that wraps around the two signature golf courses.

This analysis takes a look at single-family homes sales in Grayhawk in 2010. I have broken the information out so that you can see Q1, Q2 and Year-to-Date sales, as well as the month of July. Additionally, there is information on current homes on the market and pending sales.

2010 Grayhawk Scottsdale AZ Home Sales
As you can see, sales activity picked up a bit between Q1 and Q2, but the average sales price was lower. In addition, the average square footage of the homes and average price per square foot also decreased between the two time periods. The other metrics stayed more or less the same.

Here are the current figures for Grayhawk single-family homes.
Grayhawk Real Estate July 2010 Scottsdale AZ
Sales activity in July kept up the same positive pace we saw in the previous months. There were 13 home sales in Grayhawk in July and the average sales price was up slightly over Q2’s average sales price. And, as of the 20th of August, there were 16 pending home sales.
About Grayhawk:
Grayhawk is a wonderful Scottsdale community. Known for its two courses at the Grayhawk Golf Club, Talon and Raptor, it is a great choice for people who want to live in a golf community. Grayhawk is composed of two neighborhoods, the guard-gated Retreat and The Park. Home options in Grayhawk run the gamut. There are offerings from condos and townhomes up to large golf estates. The Grayhawk Golf Club is public and is home to a full-service clubhouse with a pro shop, restaurant and bar. Grayhawk’s central location is close to plenty of shopping and dining, entertainment, outdoor pursuits, transportation and so much more.
Search Grayhawk Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010  (Q1), 7/1/2010 (Q2 and YTD) and 8/20/2010 (July) can change at any time. The analysis looks at home sale activity in the golf community of Grayhawk in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

Scottsdale Home Sales in Zip Code 85262 – 2nd Quarter 2010

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Each quarter, I pull the information on homes sales in north Scottsdale’s zip code 85262 to get an idea of how the sales activity was broken out by types of home sales.

85262 is a North Scottsdale zip code. 85262 is home to many of Scottsdale’s top luxury golf communities. Here are some of these communities that can be found in 85262:

The sales types are broken into three categories – They are “regular” sales (or non-distressed sales), short sales (or pre-foreclosure sales) and foreclosures (also known as  lender-owned homes, bank-owned homes or REO’s.)

Here is how the sales activity for Scottsdale zip code 85262 broke out for Q2 2010:

Real Estate Sales in Scottsdale AZ Zip Code 85262 Q2 2010

Homes Sales in Scottsdale Zip Code 85262

 

 

Overall Findings for Q2 2010 – Scottsdale Single-Family Home Market for Zip Code 85262

  • Active Homes For Sale: As we have seen in Scottsdale in general, non-distressed sales represent the majority of the homes on the market. For 85262, these homes were 79% of the market. The remaining 21% was split almost equally with short sales (12%) and lender-owned (9%).
  • Pending Homes for Sale: Pending sales were almost equal between the three sub-categories. Regular sales were 33%, short sales were slightly higher at 36% and foreclosures were at 31%.
  • Q2 2010 Scottsdale Home Sales: Although pending home sales in Scottsdale were almost equal at the end of Q2 2010, the actual sales figures showed a bit of divergence. The majority of home sales were regular sales (53%).  Foreclosures came in second at 27% and short sales were the least represented with 21%. This  makes sense as regular sales are the most “standard” sales you see today, with foreclosures coming being a little more complex. The short-sale process can take many months to complete and many sales fall out, so it makes sense it had the lowest percentage of sales.
  • Home Prices: The average home price as well as the average price per square foot for non-distressed home sales were significantly higher than the two other categories. If you look at the lender-owned category, average square footage was very similar to non-distressed sales, but the average price per square foot was almost $100 less.
  • Days on Market: Lender-owned homes enjoyed the shortest average days on market with 166. This is understandable as there continues to be pent-up demand for foreclosures throughout the Valley. Short sales come in with the highest days on market as the sales process is the longest of the three.
    Discounts Off of List Price: A very large discount off asking price, 13%, was seen with non-distressed sales in the second quarter of 2010. This is because non-distressed sellers have the luxury of negotiating their own price versus relying on a third-party for approval. Short sales and foreclosures were in the 5% discount range for Q2 2010.

Here is the same analysis for the first half of 2010 for zip code

Scottsdale Real Estate Sales Zip Code 85262 Q1 Q2 2010

 

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010, 4/1/2010 and 7/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and 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. Information deemed reliable but not guaranteed.
Copyright © 2010 Heather Tawes Nelson

Scottsdale Home Sales in Zip Code 85255 – 2nd Quarter 2010

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On a quarterly basis, I look at the homes sales in Scottsdale’s zip code 85255 to see how the sales activity breaks out.

85255 is a North Scottsdale zip code that is home to several luxury communities. Some of these communities include:

I have broken the sales into three categories – “regular” (or non-distressed sales), short sales (or pre-foreclosure homes) and foreclosures (also known as  lender-owned homes, bank-owned homes or REO’s.)

Scottsdale AZ Homes Sales 85255 Short Sales Foreclosures 2010 Second Quarter

2010 Scottsdale Homes Sales Zip Code 85255

Overall Findings for Q2 2010 – Scottsdale Single-Family Home Market

  • Active Homes For Sale: The majority of homes for sale in 85255 were non-distressed sales at 81%. This is slightly higher than the Scottsdale average of 76%. Lender-owned homes only accounted for 6% of the inventory.
  • Pending Homes for Sale: Even though non-distressed homes made up the majority of homes on the market, they only accounted for 52% of the pending home sales. Short sales made up 1/3 of the pending sales and foreclosures, only 6% of the market, comprised 15% of the pending sales.
  • Q2 2010 Scottsdale Home Sales: Regular home sales were 63% of sales in Q2 in 2010. And while short sales only made up 13% of the inventory, they were 25% of the homes sales. Over the course of the first two quarters, we have seen the percentage of short sales increase while lender-owned home sales have decreased.
  • Home Prices: Home prices for non-distressed sales were significantly higher than the distressed sale category at $871,980. Short sales came in on average at $578,770 and lender-owned had the lowest average home sale price at $525,925.
  • Days on Market: The shortest days on market ware seen with foreclosures, since demand tends to be higher for these homes. Short sales had the longest days on market at 169, which is to be expected as the short sale process takes longer.
  • Discounts Off of List Price: The largest discount off asking price, 8%, was seen with regular sales in the second quarter of 2010. The next largest discount, 7%, was on foreclosures. Short sales came in with a 5% discount off of asking price.

Here is the same analysis for the first half of 2010 for zip code 85255:

Scottsdale Homes Sales Zip Code 85255 2010

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010, 4/1/2010 and 7/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and 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. Information deemed reliable but not guaranteed.
Copyright © 2010 Heather Tawes Nelson

Scottsdale AZ Luxury Home Market – June 2010

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Here are the figures for Scottsdale’s luxury home market for June 2010. I am defining the luxury home market  as homes with list prices in excess of $1 million. This analysis looks at the activity of single-family, resale homes in Scottsdale over the last 12 months.

– June 2010 – 
 
Homes Priced Between $1,000,000 – $1,499,999
– Actives: At the end of June, there were 279 homes on the market in Scottsdale in this price range. This number has been steadily decreasing since March and is well below the 12 month average of 357 active homes.
– Pendings: Twenty-eight homes were pending sale at the end of the month. This is a 20% drop off from May and is the same as the 12 month average of 28 pending sales.
– Sold: Thirty homes sold in June, up 42.9% over May’s sales figures, which is the highest we have seen in 12 months. The closest sales have been to this was in September of 2009. The 12 month average for home sales is 21.
– Sales Price to Listed Price: 89.5% – This is pretty typical for this price range, which hovers in the high 80%’s and low 90%’s.

Scottsdale AZ Luxury Home Market $1 million to $1.5 million 

 Homes Priced Between $1,500,000 – $1,999,999
– Actives: At the end of the month, 182 homes were for sale at this price point. This number has been decreasing since the February of this year and this is the first time this number has dipped to under 200 in the last year. The 12 month average for this figure is 226.
– Pendings: Pending sales came in at 18 at the end of the month which is right on track with the 12 month average.
– Sold: There were 11 home sales in June, which is also the same as the 12 month average of 11.
– Sales Price to Listed Price: 83.6% – This is a little lower than we typically see. Usually, this is closer to the mid-80%’s.

Scottsdale AZ Luxury Home Market - $1.5 million to $2 million

Homes Priced Between $2,000,000 – $2,999,999
– Actives: Only 156 homes were on the market in this price point at the end of  June. This figure has been dropping since November of 2009 and the 12 month average is 215.
– Pendings: Only 4 homes were pending at the end of the month. This is a very large drop (63.6%) from May’s 11 pending sales. The 12 month average is twice this figure at 8.
– Sold: Home sales in June were excellent for this price range. Ten homes sold. The 12 month average is 7.
– Sales Price to Listed Price: 87.9% – This is pretty standard for this price point.

Scottsdale AZ Luxury Home Market - $2 million to $3 million

Homes Priced $3,000,000+
– Actives: 125 homes were listed for over $3 million last month. This figure was down 5% over May’s 132. The 12 month average for active homes in this price segment is 144.
– Pendings: There were 4 pending sales at the end of June. This is down a little from April and May, but is still ahead of the 12 month average of 3.
– Sold: Four homes sold for more than $3 million in June. This is also slightly ahead of the twelve month average of 3.
– Sales Price to Listed Price: 87.9% – This is pretty standard for this price range.

Scottsdale AZ Luxury Home Market - $3 million or more

June was another decent month for the luxury home market in Scottsdale AZ. Inventory continues to decrease and sales activity was strong. What is worrisome is that pending sales activity dropped off quite a bit from the momentum it was gaining. Therefore, July sales figures will be impacted negatively.

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. For other information on the Scottsdale real estate market and the surrounding areas, please visit my Real Estate Market Reports page.

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2010 and can change at any time. The analysis looks at single-family resale homes in Scottsdale 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 © 2010 Heather Tawes Nelson

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