Desert Mountain Real Estate Prices – Third Quarter 2009 Overview

During July – September 2009 there were 32 homes sold in Desert Mountain. We saw several incredible foreclosure deals go under contract. The banks were pricing the REOs in Desert Mountain very aggressively and several sold within days of being put on the market. The following are the highlights during the third quarter of 2009:

Most Expensive Home Sold WITH Membership:  Saguaro Forest 33, List Price $3,495,000, Sales Price $2,520,000 with Deferred Equity Golf Membership (DEGM), 6300 square feet ($400/sq ft)

Most Expensive Home Sold with NO Membership: Eagle Feather 393, List Price $2,000,000, Sales Price $1,550,000 No Membership, 6693 square feet ($231/sq ft)

Least Expensive Home Sold WITH Membership: Sonoran Cottage 7, List Price $500,000, Sales Price $500,000 with Deferred Equity Golf Membership (DEGM), 1836 square feet ($272/sq ft)

Least Expensive Home Sold with NO Membership: Sonoran Cottage Enclave 36, List Price $456,000, Sales Price $434,000 No Membership, 2393 square feet ($181/sq ft)

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