User49336_11_t Paul Slaybaugh, Scottsdale AZ Real Estate
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It's the end of the month, so that means it's time for my monthly McCormick Ranch Real Estate Market Report. In keeping with the spirit of the holidays, let's see who was naughty and who was nice this month. The evidence does not come in the form of presents nor stockings filled with coal, but rather consummated home sales and expired listings.

McCormick Ranch Lake Margherite

  • There are currently 132 active single family homes for sale in McCormick Ranch. These properties average 2498 square feet, a list price of $730,822 and 129 cumulative days on the market. The average price per square foot for these listings is $292.56.

 

  • There are currently 5 pending sales (contract has been successfully negotiated, but has not closed escrow yet) in McCormick Ranch. These properties average 2440 square feet, a list price of $623,800 and 71 cumulative days on the market. The average list price per square foot is $255.66. The eventual sales prices of these properties will not be known until the transactions close escrow.

 

  • There have been 6 successfully closed sales in McCormick Ranch in December. These properties averaged 2596 square feet, a list price of $584,750, a sales price of $552,167 and 138 cumulative days on the market. The average sale price per foot for these properties was $212.70.

 

  • There were 9 listings that were cancelled in December in McCormick Ranch. These homes averaged 2767 square feet, a list price of $698,861 and 163 cumulative days on the market. The average list price per square foot was $252.57.

 

  • December also saw 5 listings expire in McCormick Ranch. These properties averaged 2337 square feet, a list price of $572,800 and 210 cumulative days on the market. The average price per square foot for these properties which did not sell was $245.10.

McCormick Ranch Golf Course

 

So what do these statistics mean to you? Without context they are just figures on a piece of paper. There is a wide variety in the properties that constitute McCormick Ranch Real Estate. In a community which features homes that are typically 20-35 years old, there are vast differences in the level of maintenance and improvements from house to house. There are numerous builders in McCormick Ranch whose products varied from smaller homes with flat ceilings to larger home with vaulted ceilings and Spanish tile roofs. There are two different school districts in the Ranch (Saguaro and Chaparral High Schools) which affect values. McCormick Ranch includes very high end properties which boast lake and/or golf view lots.

In other words, a proper evaluation of your home's worth and desirability to the current market cannot be found through a computer screen. The above statistics are meant to serve as a guide to the current forces at play in the McCormick Ranch Real Estate market, but by no means should be used to derive an opinion of value. For a proper opinion of value, or any other matter that pertains to Real Estate, call your local experts.

 

 

Ray and Paul Slaybaugh with Realty Executives are your resident McCormick Ranch experts. A licensed Scottsdale AZ Realtor since 1974, Ray has been a McCormick Ranch resident since 1979. Paul grew up in here and has been a licensed Realtor specializing in McCormick Ranch Real Estate since 1999. Selling the Ranch lifestyle as much as the houses we list, nobody knows your neighborhood like Ray and Paul!

Call us today at (480) 948-9450, or email us at McCormickRanch@rayandpaul.com.

 

8 Comments on McCormick Ranch Real Estate Market Report (December 2007)

Paul, You do an excellent job of explaining your market. I appreciate your blogs. Best to you in 2008.

12/28/2007 05:34 PM by Pat Baker Real Estate Expert Needham, MA (Coldwell Banker Residential Brokerage )


Hi Jennifer!  I read your latest post last night, but still need a little time to bounce my thoughts around before commenting.  I love how your writing makes me do that.  Thanks for checking out my market report.

12/28/2007 05:40 PM by Paul Slaybaugh, Scottsdale AZ Real Estate (Realty Executives)


Thank you very much, Pat.  Best wishes to you in 2008 as well.

12/28/2007 05:41 PM by Paul Slaybaugh, Scottsdale AZ Real Estate (Realty Executives)


Loveseat! You and your parking! Are you really waiting to see how this comment thread will unfold? Or are you just hoping some hot chick will hop in the backseat with you?? ;-)

12/28/2007 06:29 PM by Portland Oregon Real Estate Broker * Jennifer Bukaty * (RE/MAX equity group, inc.)


Paul - It looks like quite the spot. Thanks for being such a great contributor. Happy New Year!

12/30/2007 07:56 AM by Tom Plant - Murrieta Real Estate Expert - Coldwell Banker Residential Brokerage (Coldwell Banker Residential Brokerage)


Jason and Jennifer:  Whatever am I going to do with you two crazy kids?

Tom:  It is quite the spot.  No matter where life takes me, McCormick Ranch will always be home.  Thank you for taking the time to read this, and have a happy new year yourself.

12/31/2007 12:14 PM by Paul Slaybaugh, Scottsdale AZ Real Estate (Realty Executives)


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Real Estate Agent: Paul Slaybaugh, Scottsdale AZ Real Estate  (Realty Executives)
Paul Slaybaugh, Scottsdale AZ Real Estate
Scottsdale, AZ
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Realty Executives

Office Phone: (480) 948-9450
Cell Phone: (480) 220-2337
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