The golf community of Terravita is found in North Scottsdale, nestled just south of the community of Carefree. Terravita is comprised of 23 sub-neighborhoods and encompasses 823 acres. Current asking prices range from $309,000 for a 1,670 square foot unit to $1,200,000 for a 5,000 square foot home.
Below is a snapshot for 2012 home sales figures for Terravita. The first chart is an overview of current homes on the market as well as pending sales as of May 21st. The second chart looks at actual home sales in Terravita for 2012, including Q1 and year-to-date sales.
As you can see there is a little over 2 months of inventory for sale in Terravita at this time. On average, the asking price is over a half a million dollars, but entry level units start in the low $300’s. The pending sales are more concentrated around the lower end of the price spectrum, which is pretty common for the area right now.
2012 Terravita Home Sales Year-to-Date
Terravita home sales are doing well and so far Q2 2012 is on track to be extremely strong. We are less than two months into the second quarter and we have almost matched all of Q1’s sales. Average price per square foot is up and cumulative days on market have dropped.
About Terravita in North Scottsdale, Arizona
Terravita is a wonderful community in North Scottsdale that has a long list of amenities, including close-up views of Black Mountain, a staffed guard gate and a focus on outdoor living. Terravita is home to 23 micro-neighborhoods with homes that range in square footage from about 1,400 square feet to more than 3,800 square feet.
Terravita is a very social community and many of these events take place in or around the 34,000 square foot clubhouse. The clubhouse has options for casual and fine dining and there is room for private parties.
There is a fitness facility, pools and a tennis complex. Walking trails all over the community provide an alternative exercise option, allowing you to enjoy the scenery. Shopping, cultural activities and restaurants are all nearby and the Phoenix airport is less than an 45 minutes away.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/21/2012 and can change at any time. The analysis looks at home sale activity in the golf community of Terravita in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson