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McCormick Ranch Real Estate Update, May 2008, Chaparral High School District

By Paul Slaybaugh

Real Estate Agent with Homesmart

June 02, 2008 02:47 AM

McCormick Ranch in Scottsdale is one of the largest and most diverse planned communities in Arizona. Featuring numerous builders, the architecture and values vary widely from subdivision to subdivision. Ranging from properties constructed in the 1970s with original components to brand new infill construction, the values can skew dramatically even within the same subdivision. As such, please reference the following data as a mere jumping off point rather than a definitive guide to value.

For further information about any available property, or to seek a professional opinion of value from a McCormick Ranch specialist, call Ray and Paul Slaybaugh at (480) 948-9450.

Being such a large community, the best way to break up the data is by school district. The homes south of Via De Ventura fall within the Saguaro High School District. Those to the north fall within the Chaparral High School District. As the Ranch was developed in three phases, beginning from the southern edge and progressing northward, this natural delineation helps allow for the most "apples to apples" comparison of homes of similar age and styling. For this snapshot of Real Estate activity in May 2008, we are looking at single-family McCormick Ranch homes in the Chaparral School District.

Active Listings

Property Type: Residential Status: Active
Subject Property
#	ML#	Status	Address	Built	Fe Code	SqFt	List Price	LP/ SF	ADOM	CDOM
1	2871435	act	E San Alfredo DR Scottsdale	1979	32FRDX2G	1712	$315,000	$184	218	218
2	2983487	act	E SAN ALFREDO DR Scottsdale	1978	32FRX2G	1712	$369,000	$216	30	30
3	2979689	act	N 85TH ST Scottsdale	1979	32FR2G	1930	$379,900	$197	37	37
4	2983659	act	E SAN SALVADOR DR Scottsdale	1979	32FBDXP2G	1865	$399,900	$214	30	30
5	2998939	act	E NASEEM TRL Scottsdale	1979	32FRXP2G	2210	$419,000	$190	4	4
6	2993291	act	E APPALOOSA TRL Scottsdale	1993	32FRDXT2G	1800	$425,000	$236	13	164
7	2901281	act	E SAN BRUNO DR Scottsdale	1978	32RDXP2G	2042	$429,000	$210	163	163
8	2863180	act	N 86th ST Scottsdale	1978	32FBDXP2G	1942	$438,000	$226	233	233
9	2894265	act	E QUARTERHORSE TRL Scottsdale	1979	42FRXP2G	2191	$439,000	$200	178	178
10	2896208	act	N 82nd LN Scottsdale	1982	32FRDX2G	1938	$439,900	$227	175	174
11	2907844	act	N 83rd ST Scottsdale	1981	22RXPS2G	1846	$445,000	$241	107	106
12	2981547	act	E San Bruno DR Scottsdale	1979	32FRDXN2G	2120	$467,000	$220	34	33
13	2979544	act	E Quarterhorse TRL Scottsdale	1979	42.5FRDXP2G	2437	$486,900	$200	38	128
14	2934994	act	N 85 ST Scottsdale	1979	42RP2.5G	1748	$499,000	$285	108	108
15	2867332	act	E San Ardo DR Scottsdale	1979	32FRXP2GS	1712	$499,000	$291	197	197
16	2897103	act	E SAN VICENTE DR Scottsdale	1992	33RDXPQ2G	2280	$499,900	$219	173	173
17	2975267	act	N 82nd ST Scottsdale	1983	42.5FRDXP2G	2782	$519,300	$187	45	128
18	2924512	act	E Lippizan TRL Scottsdale	1979	32FRDXP2G	2432	$524,900	$216	125	330
19	2972382	act	E SAN MARINO DR Scottsdale	1981	22RDXSO2G	1984	$529,000	$267	52	48
20	2990535	act	E QUARTERHORSE TRL Scottsdale	1983	32.5FRDXT2G	2160	$529,900	$245	18	18
21	2974197	act	E DEL CRISTAL DR Scottsdale	1978	32RDX2G	2114	$535,000	$253	45	45
22	2957487	act	E San Bernardo DR Scottsdale	1984	32RDXO2G	2094	$535,000	$255	75	365
23	3000330	act	E San Vincente DR Scottsdale	1983	22.5RDXPO2.5G	2650	$575,000	$217	2	2
24	2977558	act	N 83rd ST Scottsdale	1980	32RDXP2G	1975	$579,000	$293	40	40
25	2998954	act	E San Rafael DR Scottsdale	1979	32RXP2G	2820	$585,900	$208	4	4
26	2736434	act	N 80th PL Scottsdale	1979	32FRDXP2.5G	1912	$589,000	$308	335	481
27	2739175	act	E SAN RICARDO DR Scottsdale	1980	42.25RDXP2G	2548	$595,000	$234	423	423
28	2946458	act	E SAN FELIPE DR Scottsdale	1986	42.5FRDXPS2G	2485	$595,000	$239	89	89
29	2979278	act	E LIPPIZAN TRL Scottsdale	1979	32FRDX2G	1906	$599,900	$315	37	37
30	3000715	act	N 82nd ST Scottsdale	1984	32FRPLO2G	2620	$615,000	$235	5	152
31	2909057	act	E San Simon DR Scottsdale	1984	42.5FRXS2G	2556	$618,000	$242	146	332
32	2991651	act	E SAN DANIEL DR Scottsdale	1978	43FRDXP2G	2445	$619,000	$253	17	46
33	2836555	act	N 87th ST Scottsdale	1978	32RDXP2G	2283	$624,500	$274	400	400
34	2986303	act	E SAN JACINTO DR Phoenix	1979	32FRXS2.5G	2200	$645,000	$293	29	25
35	2894955	act	E San Vicente DR Scottsdale	1985	32.75FRDXPS2G	2847	$649,000	$228	177	296
36	2895088	act	E DEL PLOMO DR Scottsdale	1982	33RDXPSO2G	2625	$649,900	$248	386	380
37	2905042	act	E WELSH TRL Scottsdale	1981	33FRDXP2G	2814	$659,000	$234	151	151
38	2952584	act	E San Felipe DR Scottsdale	1986	32FRDXS2G	2465	$660,000	$268	82	80
39	2792700	act	E San Lorenzo DR Scottsdale	1990	33R3G	2800	$665,000	$238	409	514
40	2727195	act	N 83rd ST Scottsdale	1984	32RDXPS2.5G	3000	$675,000	$225	268	439
41	2995487	act	E San Rosendo DR Scottsdale	1979	43FRDXPO2G	2729	$675,000	$247	19	192
42	2961506	act	E San Ricardo DR Scottsdale	1985	43FRDXQLO2G	3290	$675,000	$205	225	225
43	2963982	act	E DEL CAVERNA DR Scottsdale	1978	42.5FRDXPO2G	2669	$675,000	$253	61	61
44	2958287	act	E Lippizan TRL Scottsdale	1979	42FRDXPO2G	2776	$685,000	$247	71	71
45	2999986	act	N 83RD WAY Scottsdale	1984	42FRDXPS2G	2782	$685,000	$246	2	2
46	2979395	act	E Appaloosa TRL Scottsdale	1978	42.5FRDXP2G	2616	$695,000	$266	37	37
47	2955091	act	E SAN RAMON DR Scottsdale	1979	42.5FRDXPO2G	0	$697,000	$0	76	76
48	2887701	act	E SHETLAND TRL Scottsdale	1979	43FRDXPO2G	2661	$699,000	$263	191	191
49	3000841	act	E Del Barquero DR Scottsdale	1978	42.75FRDXPO2G	2896	$699,000	$241	0	461
50	2840700	act	E THOROUGHBRED TRL Scottsdale	1982	42.5FRDXPO2G	3842	$699,900	$182	269	267
51	2953530	act	E SAN VICENTE DR Scottsdale	1982	32FRDXPO2G	2852	$725,000	$254	80	79
52	2927532	act	E Irish Hunter TRL Scottsdale	1979	42.5FRDXP3G	2720	$725,000	$267	121	256
53	2942490	act	N 86th ST Scottsdale	1980	43RDXPQO2G	3552	$735,000	$207	96	96
54	2991397	act	N 87th AVE Scottsdale	1984	43RXPO2G	3184	$750,000	$236	18	17
55	2971367	act	E Del Cristal DR Scottsdale	1978	42RDXP2G	2109	$759,000	$360	54	50
56	2995572	act	E Del joya DR Scottsdale	1979	42.5RDXP2G	2564	$784,999	$306	11	63
57	2970207	act	E APPALOOSA TRL Scottsdale	1983	42.5RDXPSO3G	3178	$790,000	$249	52	52
58	2936998	act	E DEL TIMBRE DR Scottsdale	1980	33RDXP2G	2553	$825,000	$323	103	103
59	2921230	act	E DEL CADENA DR Scottsdale	1983	43FRDXPS2G	3586	$829,000	$231	129	129
60	3000981	act	N 82nd ST Scottsdale	1980	52.5RDXP2G	3380	$833,000	$246	0	225
61	2717148	act	E Cheryl DR Scottsdale	1981	42.5FRDXPO2G	4112	$839,000	$204	454	454
62	2979429	act	E MUSTANG TRL Scottsdale	1979	43FRDXPNO2G	2600	$849,000	$327	37	37
63	2995581	act	N 82 nd ST Scottsdale	1984	42.5FRDXP2.5G	2788	$849,999	$305	11	308
64	2988700	act	N 86 ST Scottsdale	1980	42.5FRXPO2G	3214	$875,000	$272	22	22
65	2852462	act	N 85th ST Scottsdale	1981	43FRDXP2G	3211	$875,000	$273	248	248
66	2956595	act	E BELGIAN TRL Scottsdale	1980	42.5FRDXPSO2G	2576	$879,900	$342	47	47
67	2991088	act	E Del Cristal DR Scottsdale	1978	42RDXP2G	2826	$895,000	$317	18	18
68	2970097	act	E CHERYL DR Scottsdale	1981	43FRDXPO2G	3684	$899,000	$244	52	52
69	2975628	act	E QUARTERHORSE TRL Scottsdale	1978	42.5FRDXPO2G	3246	$995,000	$307	43	43
70	2911542	act	E Del Timbre DR Scottsdale	1981	33RDX2G	2824	$995,000	$352	147	143
71	2994305	act	N 80TH PL Scottsdale	1978	53FRXPO3G	3440	$998,000	$290	16	12
72	2909824	act	E Del Rubi DR Scottsdale	1981	43FRPSO3G	3700	$1,150,000	$311	145	173
73	2875525	act	E DEL CAMINO DR Scottsdale	1984	33RDXPSO3G	3000	$1,250,000	$417	213	212
74	2960219	act	E Del Cristal DV Scottsdale	1980	42.5FRDXPSLO3G	3395	$1,275,000	$376	68	67
75	2968965	act	E DEL CADENA DR Scottsdale	1985	43.5FRDXPSO3G	4323	$1,275,000	$295	53	53
76	2878112	act	E DEL CADENA DR Scottsdale	1979	33RDXPS3G	2761	$1,290,000	$467	208	208
77	2917689	act	E DEL CADENA DR Scottsdale	1979	43FRXP2G	3625	$1,295,000	$357	135	135
78	2940411	act	N 82nd PL Scottsdale	1984	44FRDXPS3G	3976	$1,650,000	$415	101	100
79	2883824	act	E Del Camino DR Scottsdale	1979	32RXPSQO2G	2541	$1,700,000	$669	198	198
Average						2,663	$718,956		116	152
Number of Properties: 79
( Average ListPrice / Average SqFt ) : ( 718956 / 2663 ) = $ 269.98

Homes Currently Under Contract (Accepting Backup Offers)

Property Type: Residential Status: Active With Contingencies
Subject Property
#	ML#	Status	Address	Built	Fe Code	SqFt	List Price	LP/ SF	ADOM	CDOM
1	2884201	awc	E Naseem TRL Scottsdale	1979	32FRDXP2G	2070	$399,000	$193	199	283
2	2954623	awc	E Del Trigo DR Scottsdale	1984	32.5RDXPS2G	1748	$429,000	$245	261	259
3	2901649	awc	E San Jacinto DR Scottsdale	1986	53RDXPO2G	3084	$699,000	$227	112	112
4	2883782	awc	E DEL TESORO DR Scottsdale	1982	32RDXO2.5G	3118	$915,000	$293	199	434
5	2880268	awc	N 86 ST Scottsdale	1980	53FRDXP3G	3487	$999,888	$287	175	175
6	2960235	awc	N 82nd PL Scottsdale	2007	42.5RDPO2.5G	3353	$1,165,000	$347	67	67
Average						2,810	$767,814		169	222
Number of Properties: 6
( Average ListPrice / Average SqFt ) : ( 767814 / 2810 ) = $ 273.24

Pending Sales (Not Accepting Backup Offers)

Property Type: Residential Status: Pending
Subject Property
#	ML#	Status	Address	Built	Fe Code	SqFt	List Price	LP/ SF	ADOM	CDOM
1	2906551	pend	E SAN SALVADOR DR Scottsdale	1984	42.5RXP2G	2556	$300,000	$117	54	140
2	2980447	pend	E San Alfredo DR Scottsdale	1979	32FRDXP2G	2042	$359,900	$176	7	56
3	2974483	pend	E SAN FELIPE DR Scottsdale	1987	32FRXPS2G	2196	$422,750	$193	11	11
4	2962561	pend	N 80TH PL Scottsdale	1979	43RDXP2G	2903	$524,900	$181	53	198
5	2912426	pend	N 87TH PL Scottsdale	1981	32.5FRDXPS2G	2160	$535,000	$248	132	130
6	2815213	pend	E CLYDESDALE TRL Scottsdale	1979	43.5FRDXP2G	3360	$549,000	$163	216	216
7	2976306	pend	E San Esteban DR Scottsdale	1979	43FRXP2G	2120	$589,000	$278	12	12
8	2825361	pend	E Del Mercurio DR Scottsdale	1979	43FRDXPO2GS	2903	$625,000	$215	275	275
9	2968725	pend	E Del Tiburon DR Scottsdale	1979	33RDXPO2G	2778	$835,000	$301	24	24
10	2917855	pend	8528 E IRISH HUNTER TRL Scottsdale	1980	43RDO3G	2539	$865,000	$341	97	97
11	2973997	pend	E Del Capitan DR Scottsdale	1982	43.5FRDXPS3G	3256	$999,900	$307	45	241
12	2953650	pend	E Del Capitan DR Scottsdale	1998	33.5RDXPSO2.5G	4525	$1,800,000	$398	54	52
Average						2,778	$700,454		82	121
Number of Properties: 12
( Average ListPrice / Average SqFt ) : ( 700454 / 2778 ) = $ 252.14

Sold Homes (5/1/08 - 5/31/08)

Property Type: Residential Status: Sold
Subject Property
#	ML#	COE Date	Address	Built	Fe Code	SqFt	List Price	LP/ SF	Sale Price	SP/ SF	ADOM	CDOM
1	2862054	5/23/2008	E San Ardo DR Scottsdale	1978	32FR2.5G	1712	$389,000	$227	$356,900	$208	201	197
2	2882436	5/28/2008	N 85TH PL Scottsdale	1979	32FR2G	1712	$399,500	$233	$373,000	$218	174	174
3	2950432	5/24/2008	N 86th WAY Scottsdale	1979	32FRXP3G	2228	$429,900	$193	$398,000	$179	54	52
4	2843378	5/30/2008	E San Marcos DR Scottsdale	1980	32FRDXPSL2G	2004	$499,500	$249	$470,000	$235	253	253
5	2922128	5/12/2008	E SAN ARDO DR Scottsdale	1978	42FRXP2G	1748	$519,000	$297	$435,000	$249	43	43
6	2913816	5/07/2008	N 80th PL Scottsdale	1979	41.75FRDX2G	2109	$529,000	$251	$492,500	$234	83	83
7	2982824	5/29/2008	E Thoroughbred TRL Scottsdale	1984	44FRDXPO2G	3125	$534,900	$171	$522,500	$167	8	8
8	2840736	5/28/2008	E DEL PLOMO DR Scottsdale	1980	43FRDXPSO3G	2744	$589,000	$215	$500,000	$182	236	236
9	2948042	5/13/2008	N 83RD WAY Scottsdale	1981	42.5FRDXP2G	3044	$699,000	$230	$675,000	$222	70	69
10	2809616	5/12/2008	E Del Tiburon DR Scottsdale	1980	32.5RXPO2G	2744	$709,900	$259	$700,000	$255	265	264
11	2911087	5/14/2008	E SAN MARTIN DR Scottsdale	1983	42.5FRDXPSO3G	3739	$785,000	$210	$745,000	$199	266	266
12	2875420	5/08/2008	E Del Timbre DR Scottsdale	1983	32.75RXP2G	2451	$875,000	$357	$810,000	$330	84	84
13	2854717	5/23/2008	N 85TH ST Scottsdale	1992	43RDXPSO3G	3468	$899,000	$259	$845,000	$244	213	212
*14	2939943	5/22/2008	8713 N 80 PL Scottsdale	2006	53RDP3G	3484	$1,099,900	$316	$1,000,000	$287	92	92
Average						2,593	$639,828		$594,492		146	145
Number of Properties: 14
( Average SalePrice / Average SqFt ) : ( 594492 / 2593 ) = $ 229.27

All facts and figures provided by ARMLS data. The data included in this report reflects listings from participating brokers of the Arizona Regional Multiple Listing Service. It is not intended to suggest that Ray and Paul were responsible for the sale of these properties other than where denoted.

* Sold by Ray and Paul

-----------------------------------------------------------------------------------------------------------------------

Ray and Paul Slaybaugh

Realty Executives

Your Source for Scottsdale AZ Real Estate

Comments(7)

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Colleen Fischesser Northwest Property Shop

NextHome Experience - Chelan, WA

A Tradition of Trust in the Pacific NW since 1990!

Paul, it always interest me to see what's going on in other markets. I find it interesting that your price/sq. ft on sold properties are about where we were a year ago. Now 200+ is fairly high. We do trend similarly though in that the "Sold" homes are considerably less $/sq ft than the actives. I'm curious, what's an FE code?

Jun 02, 2008 03:05 AM

Paul Slaybaugh

Homesmart - Scottsdale, AZ

Scottsdale, AZ Real Estate

Hi Colleen, nice to see you! FE code is shorthand for "Feature Code." For example, 32RXP2G is code for 3 bedrooms, 2 baths, refrigeration (A/C), fireplace, pool, 2 car garage.

Our trends are looking better. The sales prices haven't dipped as much as they have in other parts of the Valley, and the absorption rate is improving. That's good news for potential sellers. The good news for buyers is that many of the properties that sold recently were screaming deals. While the community in general is maintaining value, there are bargains to be had.

Jun 02, 2008 03:16 AM

Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

Paul- Nice looking market update as usual. I like the ease of your charts to the eye.

Jun 02, 2008 03:46 AM

Eric Murrietta

Homeowners Financial Group USA, LLC - Scottsdale, AZ

Wow, that is a lot of great information. Do you only service the McCormick Ranch area? Do you happen to have any listings in Downtown Scottsdale area that may need some remodeling or rehab?

Jun 02, 2008 10:11 AM

William Johnson

Retired - La Jolla, CA

Retired

Hi Paul, How nice to see you posting again. Looks like you had a busy several weeks. Nice sale BTW. I was about to ask you to describe the Fe Code and it was in the first question asked. I knew it had to be logical but just didn't get there figuring it out before you answered it.

Hope the family is doing well and as summer approaches, that you have a great vacation planned for them. Or maybe that is why you hadn't posted for a while, you were on vacation,:-) Nah, you just closed a big one and not from a vacation spot, no doubt.

Been spinning my wheels a lot here. If all the buyers ever do buy, I suppose I could my year will be OK.lol

Jun 02, 2008 12:23 PM

Katerina: Thank you. I was hoping they would be easy to follow.

Eric: We are Valleywide, my man. McCormick Ranch just receives a little extra attention in our marketing efforts due to our ties there. I don't currently have anything listed in South Scottsdale, but I do know of several excellent values in the area. I wouldn't rehab and flip anything right now, though. Best to buy and hold for the next few years.

William: I am actually going to be out your way in late June. We'll be in the La Jolla area for a few days for a wedding. If time permit, I would love to sit down and have a cup of coffee with you. Hope you get all of those buyers planted. I have no doubt that you will find them some great values.

Jun 03, 2008 05:21 AM

Not for me. I have another realtor contact that has a buyer looking for something of that nature and didn't know if you had any specific listings. No worries. I hope they weren't thinking about flipping it but I don't know all the details. Thought I would check with you since you seem very knowledgeable in the field and if I could help get a deal done then that is what I would want. Thanks for the response. Have fun in La Jolla - nothing like the beach in the summertime.

Jun 03, 2008 06:23 AM

McCormick Ranch Real Estate Update, May 2008, Chaparral High School District

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