Here are the sales activity figures for the Scottsdale’s 85262 zip code over the first three months of the year.
This far-North Scottsdale zip code houses some of the top luxury communities like:
The following analysis looks at single-family resale home sales and has been broken down into three categories – Non-Distressed Sales, Short Sales (Pre-Foreclosure) and Lender-Owned Sales.
|Zip Code 85262- Scottsdale Single-Family Resale Performance – Q1 2009|
|Property Type||Active Listings||% of Total||Pending Sales||% of Total||Homes Sold||% of Total|
|Property Type||Avg. Sold Price||Avg. Sq Feet (Sold)||Avg. Price per Sq. Ft. (Sold)||Days on Market (Sold)||List Price to Sales Price|
|* Cumulative days on market.|
In this zip code, 80% of the homes for sale were non-distressed with the balance belonging to short sales and lender-owned properties. However, only 33% of the sales in Q1 were non-distrssed homes. Short sales made up 31% and lender-owned were 37%. The distressed property sales had a much larger impact in 85262 (68%) than they did in 85255 (52%) or Scottsdale in general (52%).
The sales price discrepancy between non-distressed and distressed was the most marked in 85262. The average non-distressed sales price was over $1.6 million where distressed average prices were in $400,000’s.
Data and information were pulled from the Arizona Regional MLS (ARMLS) on 4/1/2009 and can change at any time. Some numbers may not add up to 100% due to rounding. Copyright © 2009 Heather Tawes Nelson