Scottsdale Mountain Market Report
Each issue we will report on the previous period’s activity. This issue reflects activity for January through February, 2010. • There are currently 28 Active Listings in Scottsdale Mountain with an average of 203 Days on the Market. This compares with the last two-month period of 28 Active Listings and 194 Days on Market. Not significantly different.
April 2010
• For January/February the average square footage price for Active Listings was $230.16, only a slight decrease from the $232.49 reported for the previous two-month period. • The average square footage price for Closed Sales for January/February however, was $190.61. This is slightly down from the $192.45 of the previous two-month period but up from $182.48 for the previous period. In the January/February period there were 4 Closed Sales and 5 Pending /AWC (Active With Contingencies – means it is under contract but there are contingencies with the contract that have not been taken care of yet and the property is still being marketed for backup offers). In the previous reporting period there were 6 Closed and 5 Pending. Although many of the numbers are similar, the mix is a little different. During the last two months, of the 9 properties under contract 5 of them had a list price above $700,000. This is very healthy for this community when you consider that the luxury market has been the sector performing most poorly in the past year. This supports our contention that the market has bottomed, we are starting the slow climb up, and there is money out there to buy luxury homes . . . it’s just a bit cautious to jump back into the market. We think that our report in the next issue will continue to reflect a stabilized and slowly strengthening market with a growing percentage of purchases in the luxury sector. Don’t misunderstand this to mean the floodgates will open. It just means that, each month, as we look back at the previous year, we will see a noticeable uptick in sales prices and closed price per square foot. As always, if you need a market analysis or help in buying or selling real estate, give us a call. For over 24 years we have helped our clients achieve their real estate goals in residential, land, commercial and investment properties.
www.ThePeggyRauchGroup.com
REAL ESTATE ACTIVITY IN
SIMPLE PLEASURES
PENDING SALES Address
Sq. Ft. / Bed / Bath Price/Sq. Ft.
List Price
13832 E. Paradise Ln.
1858 / 3 / 2
$202
$375,000
13740 E. Geronimo Rd. 1858 / 3 / 2
$210
$390,000
12091 N. 137th Way
2847 / 3 / 2.5
$158
$439,000
13717 E. Columbine Dr. 3036 / 4 / 2.5
$206
$625,000
11969 N. 139th Pl.
4320 / 3 / 4
$162
$700,000
12472 N. 133rd Pl.
4487 / 5 / 4
$173
$775,000
13615 E. Windrose Dr.
5061 / 5 / 4.5
$233
$1,177,000
CLOSED SALES
Peggy Rauch
Michael Meinerz
Peggy@PeggyRauch.com
Michael@PeggyRauch.com
602.206.3336
602.882.0075
Address
Sq. Ft. / Bed / Bath Price/Sq. Ft. Sold Price
COE
12139 N. 138th St.
2223 / 4 / 2
$159 $352,500
02/25/10
12284 N. 136th Pl.
3521 / 4 / 3.5
$213 $750,000
01/08/10
12918 E. Corrine Dr.
4669 / 4 / 4.5
$198 $925,000
02/16/10
12434 N. 138th Pl.
4929 / 5 / 4.5
$193 $950,000
02/03/10
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.
7001 N. Scottsdale Rd. #1020 • Scottsdale, AZ 85253 If your home is currently listed, this is not a solicitation for that listing.
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