Terravita NE I G HBO RHOO D R E AL E STAT E MARKE T R E P O RT
R E A L E S TAT E R E I M AG I N E D
What is the housing market like in your neighborhood as we head into the busy season? In Terravita, 60 homes have sold this year. This is on par with the same time period last year. What is different this year is the average price per square foot, which is up 13.4 percent over last year, and the median price is up 2.3 percent to $611,250. Additionally, the number of days it is taking to sell a home in the community is down 64 percent, from 100 days on the market to 36. In North Scottsdale, the market is moving quickly as well. For homes above $250,000 in the three North Scottsdale zip codes (85255, 85262, and 85266), the median price for a home has increased by over 10 percent to $795,000 and the average number of days on the market is down 16 percent to 113 days from 135. The bottom line in our market right now is inventory is down and demand is up. This increases prices and reduces days on market. Terravita is enjoying a seller’s market. LO OK I N SI DE TO SE E T HE L AT E ST MARKE T DATA ON T E R R AV I TA AND SCOT TSDAL E ď ˝
Homes sold in Terravita August 1 - October 5, 2020 ADDRESS
ORIGINAL LIST PRICE
SOLD PRICE
% OF LIST PRICE
PRICE PER SQ. FT.
32924 N. 69th Street
$615,000
$615,000
100.0%
$312
6928 E. Sienna Bouquet Place
$475,000
$462,500
97.4%
$287
6255 E. Evening Glow Drive
$700,000
$658,000
94.0%
$263
32819 N. 70th Street
$499,000
$499,000
100.0%
$299
6634 E. Evening Glow Drive
$950,000
$924,000
97.3%
$307
34042 N. 67th Street
$675,000
$640,000
94.8%
$271
6333 E. Amber Sun Drive
$985,000
$975,000
99.0%
$285
7164 E. Mighty Saguaro Way
$649,900
$640,000
98.5%
$327
7013 E. Stone Raven Trail
$710,000
$710,000
100.0%
$370
6942 E. Thirsty Cactus Lane
$839,000
$839,000
100.0%
$339
6779 E. Nightingale Star Circle
$425,000
$437,500
102.9%
$316
Considering selling your Terravita home? As North Scottsdale experts, we would appreciate the opportunity to earn your business. Our unique sales strategy combines the latest digital marketing tools, staging and styling services, and more exposure on Zillow than any agent in the 85266 zip code. If you want to know more about this, please give us a call at 602-603-0708.