Desert Mountain Real Estate Sales Soar in December 2010

Desert Mountain real estate sales increased significantly in December 2010. There were 13 homes sold and of these 4 were foreclosures and 4 were short sales. This is the highest number of distressed properties sold all year.

The average price of homes sold was $1,667,076. This is an increase in price from $1,357,250 in November.

Homes Currently For Sale in Desert Mountain Scottsdale – 205

Home Sales Currently Pending – 5

Average Sold Price WITH a Full Golf Membership – $2,465,500

Average Sold Price WITHOUT a Membership – $1,312,222.22

Lowest Priced Home Sold WITH a Full Golf Membership – Cochise Ridge 73, Sales Price $612,000 – 2,922 square feet ($209.45 p/ sq ft)

Highest Priced Home Sold WITH a Full Golf Membership – Saguaro Forest 242, Sales Price $4,300,000 – 8,453 square feet ($508.70 p/ sq ft)

Lowest Priced Home Sold WITHOUT a Membership – Apache Cottages 21, Sales Price $515,000 – 2,454 square feet ($209.86 p/ sq ft)

Highest Priced Home Sold WITHOUT a Membership – Saguaro Forest 163, Sales Price $2,800,000 – 8,855 square feet ($316.21 p/ sq ft)

Average Price per square foot WITH a Full Desert Mountain Golf Membership – $371.56

Average Price per square foot WITHOUT a Membership – $228.79

What do you think about the number of distressed sales in December? Were the banks trying to clear out some inventory before 2011?