McCormick Ranch Market Report

By
Real Estate Broker/Owner with DFW Living TREC# 0553912

Summary of Closed Listings

List #

Address

List Price

ADOM

CDOM

Sold Date

Sold Price

   

2894955

E San Vicente DR, Scottsdale AZ

$649,000

187

306

07/10/2008

$615,000

   

2911542

E Del Timbre DR, Scottsdale AZ

$995,000

184

180

07/15/2008

$900,000

   

2917855

E IRISH HUNTER TRAIL, Scottsdale AZ

$865,000

97

97

07/09/2008

$775,000

   

2887701

E SHETLAND TRAIL, Scottsdale AZ

$699,000

200

200

07/14/2008

$660,000

   

2946458

E SAN FELIPE DR, Scottsdale AZ

$595,000

99

99

07/11/2008

$555,000

   

2901649

E San Jacinto DR, Scottsdale AZ

$699,000

156

156

07/15/2008

$640,000

   

2981547

E San Bruno DR, Scottsdale AZ

$449,500

60

59

07/24/2008

$449,500

   

2925403

N VIA DE LA MONTANA --, Scottsdale AZ

$499,000

142

142

07/08/2008

$470,000

   

2988700

N 86 ST, Scottsdale AZ

$846,900

54

54

07/24/2008

$764,000

   

2930901

E VIA DE BELLEZA --, Scottsdale AZ

$459,000

112

215

07/08/2008

$459,300

   

 

Low, Average, Median, and High Comparisons

 

Closed

Overall

                 

Low

$449,500

$449,500

                 

Average

$628,780

$628,780

                 

Median

$640,000

$640,000

                 

High

$900,000

$900,000

                 

 

Comparison Based on Approx SQFT

List #

Address

Adjusted Price

Price Per
Approx SQFT

2894955

E San Vicente DR , Scottsdale AZ

$615,000

$216.02

2911542

E Del Timbre DR , Scottsdale AZ

$900,000

$318.70

2917855

E IRISH HUNTER TRAIL , Scottsdale AZ

$775,000

$305.24

2887701

E SHETLAND TRAIL , Scottsdale AZ

$660,000

$248.03

2946458

E SAN FELIPE DR , Scottsdale AZ

$555,000

$223.34

2901649

E San Jacinto DR , Scottsdale AZ

$640,000

$207.52

2981547

E San Bruno DR , Scottsdale AZ

$449,500

$212.03

2925403

N VIA DE LA MONTANA -- , Scottsdale AZ

$470,000

$177.36

2988700

N 86 ST , Scottsdale AZ

$764,000

$237.71

2930901

E VIA DE BELLEZA -- , Scottsdale AZ

$459,300

$194.62

Average

 

$628,780

$234.06

       
       

 

Overall Market Analysis (Unadjusted)

Status

#

List Vol.

Avg. List Price

Sold Vol.

Avg. Sold Price

Sale/List Price

Avg. Approx SQFT

Avg. List $/Approx SQFT

Avg. Sold $/Approx SQFT

Avg. ADOM

Avg. CDOM

Closed

10

6,756,400

675,640

6,287,800

628,780

0.93

2,678

250.81

234.06

129

151

Overall

10

6,756,400

675,640

6,287,800

628,780

0.93

2,678

250.81

234.06

129

151

 

 


 

July brought 10 closed home sales (as reported in the MLS for the period between 7/1-7/31/08) in McCormick Ranch.  THe lowest reported sale price was $449,500, and the high was $900,000.  For these properties which which a successful conclusion, the average sale price was at 93% of list price, with an average price per square foot of $234.06.

Sales continue to lag inventory.  The next entry will focus on current active listings.  There are 122 single family homes currently for sale in McCormick Ranch.  For July, that translates to approximately 1 closing for every 12 homes for sale.  

As always, statistics are a great place to start, but never provide the full story.  Every subdivision, builder and property is unique in McCormick Ranch.  Ranging from small ranch style homes with low ceilings built in the early 1970s to homes that have been completely rebuilt with soaring ceilings, modern architecture and the latest cosmetic upgrades, McCormick Ranch homes cannot be properly evaluated through raw data alone.  For a professional opinion of value for your home from your resident McCormick Ranch specialists, or for an opinion of value on a property you may have your eye on, contact Ray and Paul Slaybaugh with Realty Executives today.  We have over 40 combined years of living in and selling Ranch Real Estate.

paul@mccormickranchhome.com

Search McCormick Ranch Homes For Sale

(480) 220-2337

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Rainmaker
338,164
Paul Slaybaugh
Realty Executives - Scottsdale, AZ
Scottsdale, AZ Real Estate

Way to stay on top of things, Amanda. Your clients are lucky to have an agent that follows the trends in McCormick Ranch as closely as you do. Suggested.

Jan 27, 2011 03:30 PM #1
Rainmaker
124,715
Elaine Hanson
Compass - Topanga, CA
REALTOR - Topanga, CA Real Estate Agent

It's good to stay current on one's market, or any market for that matter. Good post.

Jan 27, 2011 03:52 PM #2
Rainmaker
394,850
Elizabeth Cooper-Golden
Huntsville Alabama Real Estate, (@ Homes Realty Group) - Huntsville, AL
Huntsville AL MLS

Well hello Mrs. Hall!  What a great market report!  You ARE the McCormick Ranch expert, that's for darned sure!

Jan 27, 2011 03:56 PM #3
Rainmaker
259,533
Melina Tomson
Tomson Burnham, llc Licensed in the State of Oregon - Salem, OR
Principal Broker/Owner, M.S.

You are everywhere Girl.  I strive to know the markets as well as you. 

Jan 27, 2011 04:00 PM #4
Rainmaker
153,346
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas

Thanks, Kids!  If I'm not ubiquitous, I am at least omnipotent.

Jan 27, 2011 04:09 PM #5
Rainmaker
259,533
Melina Tomson
Tomson Burnham, llc Licensed in the State of Oregon - Salem, OR
Principal Broker/Owner, M.S.

It's like you're a time traveler...

Jan 27, 2011 04:10 PM #6
Rainmaker
153,346
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas

Next stop....Toledo, 1985

Jan 27, 2011 04:12 PM #7
Rainmaker
338,164
Paul Slaybaugh
Realty Executives - Scottsdale, AZ
Scottsdale, AZ Real Estate

Your values really seem to be holding compared to the rest of the nation. Do Anchorage next. Maybe spring 2005. Ah ... such a lovely vintage.

Jan 27, 2011 04:14 PM #8
Rainmaker
259,533
Melina Tomson
Tomson Burnham, llc Licensed in the State of Oregon - Salem, OR
Principal Broker/Owner, M.S.

Can you stop in Salem Oregon circa 2008? 

 

Jan 27, 2011 04:17 PM #9
Rainmaker
645,667
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

I LOVE IT Amanda!  Make Sun City Grand in Surprise your next stop!

Jan 27, 2011 04:20 PM #10
Rainmaker
124,715
Elaine Hanson
Compass - Topanga, CA
REALTOR - Topanga, CA Real Estate Agent

Come to Topanga. Forget the report, we'll just play.

Jan 27, 2011 04:29 PM #11
Rainmaker
211,946
Inna Hardison
ha media group - Orlando, FL
Wordpress for Real Estate & Design, Print HaMedia Group

Mandy - this is bloody awful of you.  I mean I know Paul is really cute and all and he's got them dimples, and hats, many, many hats, so yeah - I get it, but c'mon - what about the rest of your re buddies here?  I see an outsider's post factum look at markets around the world sort of a daily column here... :-) 

Jan 28, 2011 12:46 AM #12
Rainmaker
645,452
Susan Mangigian
RE/MAX Preferred, West Chester, PA, RS152252A - West Chester, PA
Chester & Delaware County Homes, Delaware and Ches

May I take a moment to thank Inna for taking the onus off of me for mentioning the word I am not allowed to mention in 2011??  And for saying Paul is cute, which for me, is mandatory expulsion from the mean girls club.  

And please stay in 2010 when you do my area as it was my best year ever and I'd like to duplicate it every year from here on out.  

Jan 28, 2011 09:18 AM #13
Rainmaker
153,346
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas

BWAHAHAHAH.

Jan 28, 2011 03:09 PM #14
Rainmaker
153,346
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas

Stale market reports from another time zone is nothing!  Check this out.

CLICK HERE

 

Jan 29, 2011 04:30 PM #15
Rainmaker
153,346
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas
Rainer
84,958
Andrew J. Lenza
Coldwell Banker Residential Brokerage - Holmdel, NJ

Yes, do write a report for Topanga from the perspective of pest control. Now I know why Big Ed's disappeared. The joint was over-run by Big Ben and his furry cohorts.

Jan 30, 2011 01:43 PM #17
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Amanda Evans

Real Estate Broker - Fort Worth Texas
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