In the most recent Cromford Market Distress Index, the zip code 85262, has a distress level of 40.7 out of 100. This zip code includes some of the most desired Master Planned Communities of North Scottsdale such as Desert Mountain, Troon, Estancia, Legend Trail, and Desert Highlands. The charts below show us that Desert Mountain Real Estate and its surrounding communities remain in good shape. The distress index demonstrates how the foreclosure activity is affecting this particular zip code. It is measured based on the number of normal home sales versus the number of foreclosures. The lower the number of normal home sales, the greater the distress level.
The pie-chart on the top left shows what percentage of homes for sale were normal listings, foreclosures, and short sales last month. The pie-chart on the top right shows what percentage of these homes sold as a normal sale, foreclosure, or short sale in 85262. The two charts at the bottom demonstrate the price per square foot of homes for sale and homes that actually sold last month.
As you can see only 7% of the active listings last month were Foreclosures or Bank Owned Homes and 25% of these sold. Seventy-Three percent of the listings were listed as normal sales and of these 45% sold. Twenty percent more of the total home sales in April 2010 were normal resale properties as opposed to Lender Owned Properties. The average price that the foreclosures sold for was $153.86 per square-foot, while normal sales averaged $252.96 per square-foot.
Some parts of the Phoenix area have a current distress level as high as 75.5 which is not good at all. This is just another reason why North Scottsdale communities, including Desert Mountain, are your best option when looking for your next home. Feel free to call me at (800) 300-0263 or contact me by email at Carmen@ScottsdaleExperts.com if you are interested in Scottsdale Real Estate.
Carmen Brodeur BA, LLB
Desert Mountain Real Estate Agent / Former Attorney
Carmen@ScottsdaleExperts.com
1-800-300-0263
www.DesertMountainHomesOnline.com
Click here to view all Scottsdale Homes for sale
Click here to view Desert Mountain Homes by village
