McCormick Ranch Real Estate Blog (and other stuff): McCormick Ranch Real Estate Report: July 2008 Sales
McCormick Ranch Real Estate Report: July 2008 Sales
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.
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