Here are the sales activity figures for the Scottsdale's 85262 zip code over the first three months of the year.
This far-North Scottsdale zip code houses some of the top luxury communities like:
The following analysis looks at single-family resale home sales and has been broken down into three categories - Non-Distressed Sales, Short Sales (Pre-Foreclosure) and Lender-Owned Sales.
| Zip Code 85262- Scottsdale Single-Family Resale Performance - Q1 2009 | ||||||
| Property Type | Active Listings | % of Total | Pending Sales | % of Total | Homes Sold | % of Total |
| Non-Distressed | 710 | 80% | 16 | 33% | 33 | 45% |
| Short Sales | 106 | 12% | 15 | 31% | 14 | 19% |
| Lender-Owned | 67 | 8% | 18 | 37% | 27 | 36% |
| TOTAL | 883 | 100% | 49 | 100% | 74 | 100% |
| Property Type | Avg. Sold Price | Avg. Sq Feet (Sold) | Avg. Price per Sq. Ft. (Sold) | Days on Market (Sold) | List Price to Sales Price | |
| Non-Distressed | $1,667,744 | 4,669 | $309.35 | 232 | 85% | |
| Short Sales | $477,786 | 3,878 | $123.10 | 268 | 94% | |
| Lender-Owned | $467,497 | 3,277 | $139.23 | 164 | 92% | |
| TOTAL | $1,012,630 | 4,015 | $213.02 | 214 | 87% | |
| * Cumulative days on market. |
In this zip code, 80% of the homes for sale were non-distressed with the balance belonging to short sales and lender-owned properties. However, only 33% of the sales in Q1 were non-distrssed homes. Short sales made up 31% and lender-owned were 37%. The distressed property sales had a much larger impact in 85262 (68%) than they did in 85255 (52%) or Scottsdale in general (52%).
The sales price discrepancy between non-distressed and distressed was the most marked in 85262. The average non-distressed sales price was over $1.6 million where distressed average prices were in $400,000's.
To see the original post or to learn more about Scottsdale AZ real estate, please visit Scottsdale Real Estate News & Lifestyle.
Disclaimer:
Data and information were pulled from the Arizona Regional MLS (ARMLS) on 4/1/2009 and can change at any time. Some numbers may not add up to 100% due to rounding. Copyright © 2009 Heather Tawes Nelson
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