– Terravita in Scottsdale – 2016 and Q1 2017 Real Estate Market Update –
Terravita is a wonderful golf community located in North Scottsdale, adjacent to Carefree and Cave Creek. The 18-hole course was designed by Billy Casper and Greg Nash.
The community itself is guard-gated and is divided into a number of neighborhoods that dot the course and the desert landscape. There are many home choices ranging from smaller “lock and leave” homes perfect for seasonal visitors to larger homes with 4,000+ square feet.
Terravita has a wonderful clubhouse as well as a large fitness center, tennis complex and multiple pools. There are also many trails throughout the property which are perfect for outdoor enthusiasts who like to walk or run.
HOMES FOR SALE AND PENDING SALES IN TERRAVITA AS OF 4/24/2017
As of late April, there were 51 homes for sale within Terravita. They ranged in price from $375,000 for a 1,385 square foot home to $1,299,000 for a 4,131 square foot home.
Six homes were in UCB status (accepted contract, but looking for backup offers.) They ranged in price from $410,000 to $995,000.
Finally, there were five pending sales. These ranged in price from $425,000 to $647,000.
2016 AND Q1 2017 HOME SALES IN TERRAVITA
Sales in Terravita were off to a decent start in 2017. Fifteen homes sold, down from eighteen home sales in Q1 2016.
Looking at 2016, more than half of the home sales occurred in Q2 and Q3. Typically, we see a spike in Q2 in Scottsdale. Here, we did see a strong Q2 that carried into a strong Q3. The average price per square foot increased each quarter starting in Q2.
It will be interesting to see if sales in 2017 catch up to 2016 levels in the coming months.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 4/24/2107 and can change at any time. The analysis looks at residential single family home sales activity in Terravita in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2017 Heather Tawes Nelson & Joyce Tawes