– 2010 Desert Mountain Home Sales –
Here are the 2010 home sales results for the luxury golf community of Desert Mountain in Scottsdale, Arizona.
DESERT MOUNTAIN HOMES SALES 2010
This first chart breaks out home sales activity by each quarter. The final column is the total of all 2010 homes sales in Desert Mountain.The first half of the year was the strongest with over 62% of the entire year’s sales. However, average sales price in Q1 and Q2 was lower than what we saw in the final half of the year. This is due to the fact that two homes sold for over $4 million each in these quarters and that helped raise the average.
The sales price to list price ratio was pretty consistent throughout the year in the 80%’s. Therefore an average home sale would be expected to sell at a 15% discount off of the asking price.
The average square feet of the homes sold increased over the year. Average cost per square foot was mixed, with the highest average price happening in Q2.
Overall, Desert Mountain Scottsdale home sales started 2010 with strong sales activity. It tapered off in the last half, although we did see a rebound in Q4 over Q3’s results.
DESERT MOUNTAIN HOMES FOR SALE AND DESERT MOUNTAIN PENDING SALES
Here is a look at Desert Mountain homes for sale and the pending sales at the beginning of the year. There are a large number of homes to choose from in all price points, which is to be expected in a community the size of Desert Mountain.
Pending sales activity was decent as we started the new year as pending sales typically taper off in December. The pending sales average asking price and average price per square foot figures are quite a bit lower than what we saw in 2010. It will be interesting to see where these figures come in when the sales have actually closed.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2011 and can change at any time. The analysis looks at home sale activity in the golf community of Desert Mountain in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2011 Heather Tawes Nelson