July 2012 Desert Mountain Home Sales Update

There were 10 homes sold in Desert Mountain in July 2012. Only one was a short sale and there were no foreclosures sold. It is becoming very rare to see distressed properties in this community.

The average price of all homes sold in July was $1,516,137.50

Below you will find the highest priced homes sold with and without an Equity Golf Membership (EGM) as well as the lowest priced homes sold with and without a golf membership.

Average Sold Price WITH a Full Equity Golf Membership or EGM – $1,668,333

Average Sold Price WITHOUT a Membership – $1,287,843

Lowest Priced Home Sold WITH an Equity Golf Membership or EGM – Sunrise 307, Sales Price $850,000 – 3440 square feet ($247.09 p/ sq ft)

Highest Priced Home Sold WITH an Equity Golf Membership or EGM – Painted Sky 19, Sales Price $2,325,000 – 5140 square feet ($452.33 p/ sq ft)

Lowest Priced Home Sold WITHOUT an Equity Golf Membership or EGM – Sunrise 285, Sales Price $912,500 –  3900 square feet ($233.97 p/ sq ft)

Highest Priced Home Sold WITHOUT an Equity Golf Membership or EGM – Grey Fox 132, Sales Price $1,838,875 – 4939 square feet ($372.31 p/ sq ft)

Average Price per square foot WITH a Desert Mountain Golf Membership – $333.21

Average Price per square foot WITHOUT a Membership – $271.14

I would be happy to discuss the current Scottsdale market conditions with you and can be reached at Carmen@TopScottsdaleHomes.com.