The prestigious golf community of Estancia is one of North Scottsdale's jewels. The community is situated on 640 prime acres and is known for its stunning Pinnacle Peak, mountain and city light views. In addition, Estancia is guard-gated and is home to an award-winning golf course.

In the charts below, you will see the results for Estancia's 2011 home sales. The first chart is an overview of current activity in Estancia, including active homes on the market and the single pending sale. The second chart breaks out 2011 home sales by quarter and provides a summary of the year's sales.

Estancia's home sales got off to a slow start in the the first quarter, but picked up momentum for the following three quarters. Over the course of the year, the average sales price increased as did the average square footage of the homes being sold. We saw the average price per square foot increase as the year progressed as well.

About Estancia Golf Community in Scottsdale, Arizona
Estancia is an elegant golf community in Scottsdale, Arizona. It is situated in North Scottsdale adjacent to the Troon area and Pinnacle Peak. Homes in Estancia are known for their luxurious design and impeccable construction. Many of them have outstanding views and large lot sizes.

You do not have to be a homeowner in Estancia to become a member of the Estancia Golf Club. Conversely, you are not required to join the club if you purchase a home in Estancia either. Estancia's award-winning golf course was designed by Tom Fazio and year after year it continues to earn accolades. Membership at Estancia Golf Club is capped at 325 and memberships are sold on a market-price basis.

The clubhouse at Estancia is elegantly appointed. There are casual and formal dining areas, as well as a pro shop, men's and ladies' locker rooms, a fitness center, a swimming pool and much more.

Search for Estancia Homes for Sale

Originally posted on Live Better in Scottsdale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 2/27/20112 and can change at any time. The analysis looks at home sale activity in the golf community of Estancia in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson

Here are the 2011 year-end results for home sales in the 85262 zip code in North Scottsdale.

You can find the 85262 zip code in the most northern part of Scottsdale. Many of the most well-known, luxury golf communities can be found there, including Desert Mountain, Mirabel, Troon North, Legend Trail and Estancia.

Because 85262 is located so far north, it is at a higher elevation and can be a few degrees cooler in the warm summer months. This also means that a large number of homes and lots enjoy some amazing city light and mountain views.

This market report goes over the fourth quarter activity for home sales in 85262. The information has been divided into three categories and their definitions are below.

- Non-Distressed Sales - I call these "regular" home sales. These are traditional home sales where the seller and the homebuyer work together to determine the price and terms of the sale. They are the two stakeholders in the scenario. At the end, the ownership of the home is transferred to the buyer.
- Short Sales – Short sales occur when a seller is trying to sell the home for less than what is owed on it. In this scenario and all leinholders (or "lenders") will need to approve the terms of the sale. Frequently, there is more than one lienholder involved.
- Foreclosures - Foreclosures are homes that have been foreclosed upon and are now back with the lienholder who initiated the foreclosure process. You may also hear these called "Lender-Owned" homes, "REO'" homes or "Bank-Owned" homes.

Overall Findings for the Scottsdale Zip Code 85262 Home Sales Market for Q4 2011 - Data as of January 1, 2012

• Active Scottsdale 85262 Homes For Sale: At the end of December 2011, almost all of the for sale homes were regular sales (95%.) The distressed inventory only made up a small portion of the homes on the market.
• 85262 Pending Homes for Sale: By contrast, when you look at the pending home sales at the end of 2011, short sales (19%) and foreclosures (19%) made up 38% of the inventory. Regular sales still had 61% of the market though.
• Q4 2011 Scottsdale 85262 Home Sales: The breakout of actual home sales stayed pretty similar to the pending sales distribution. 64% of all Q4 sales were regular sales. Short sales made up a quarter of the sales and foreclosures came in last with 11% of the home sales.
• 85262 Home Prices: As we would expect, regular home sales had the highest average sales price and average price per square foot. Short sales were next, followed by foreclosures. Usually the spread between foreclosures and short sales is a little more pronounced, but we have been seeing these figures converge.
• Discounts Off of List Price: As we saw throughout 2011, buyers of regular homes enjoyed about a 10% off of asking price. Short sale buyers saw about a 6% discount and foreclosures saw a 7% discount off of list price. These are larger discounts that we saw in Scottsdale overall which came in in the 2-3% range.

Scottsdale Zip Code 85262 - 2011 Home Sales

Here is the home sales information for Scottsdale zip code 85262 on a quarterly basis for 2011. A majority of the sales (57%) were regular sales and short sales and foreclosures more or less split the difference for the remaining home sales.

To see this same information for the entire City of Scottsdale AZ, please visit these previous reports:

View Scottsdale Home Sales by Type Q3 2011
View Scottsdale Home Sales by Type Q2 2011
View Scottsdale Home Sales by Type Q1 2011
View Scottsdale Home Sales by Type for 2010
View Scottsdale Home Sales by Type for 2009

Originally posted on Live Better in Scottsdale

Disclaimer: Due to rounding issues, not all columns will add up to 100%. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2012 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ zip code 85262 for Q4 2011. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2012 Heather Tawes Nelson

Estancia Real Estate

Anyone who is looking for luxury living at its best and is planning on moving to the moderate weather of the southwest should take a tour of the homes for sale in Estancia, Scottsdale, Arizona.

This gated community was designed and built with both luxury and beauty in mind. Nestled at the base of Pinnacle Peak in the high desert region, it not only offers elegant living conditions with all the modern amenities, but outstanding natural beauty and a wide assortment of activities. Hiking, biking, a private golf club, tennis, swimming, and a physical fitness facility in the community clubhouse; this community provides something for everyone in the family.

This is an exclusive community, situated amid some of the most beautiful scenery in the state, but close to the perks of urban life in Scottsdale and other nearby cities. It is also within easy access to the historic wild west atmosphere of surrounding smaller communities and rural areas. It is a community that is geared toward luxury living at its best and its homes and villas reflect this plan.

Anyone looking for one of the most beautiful and scenic areas to live, within the pleasant security of a gated community, should check out Estancia as soon as you can!

www.ZRealEstateGroupAZ.com

There were 2 properties that sold in the exclusive guard gated, golf course community of Estancia in Scottsdale, AZ during the months of August and September, 2011. These Estancia properties ranged in price from $2,250,000 to $1,533,000. To view these two properties that closed in August and September, 2011 click here.

About Estancia, Scottsdale, AZ:

Estancia real estate surrounds the only member owned and operated Private Golf Club in Arizona designed by Tom Fazio. The Estancia Club has made a name for itself as one of America's premier private communities. Situated among some of the most awe inspiring natural beauty Arizona has to offer, Estancia real estate provides for a relaxing lifestyle against the backdrop of the gorgeous Sonoran Desert. The Estancia Golf Club features a masterfully crafted course and facilities that earned it critical acclaim upon its opening in 1996, and through to today. The centerpiece of this challenging, yet enjoyable course is Pinnacle Peak itself. Learn more about Estancia real estate and how it can become a part of your lifestyle by filling out an information request form.

Estancia real estate, and the Golf Club, offers a privileged locale for your friends and families to gather and meet for years to come. The 32,000 square foot Golf Club dramatic views with its formal and casual dining rooms, state of the art fitness center, three tennis courts and a swimming pool with a lap pool.

Each piece of Estancia real estate features unique opportunities and constraints. Custom builders have the opportunity to take full advantage of each of these lots and acknowledge that every one requires its own approach. In order to preserve and protect the unique environment within Estancia, custom builders adhere to the architectural standards and design restrictions that make up the Estancia Design Guidelines. Each lot offers a unique realm of possibilities to make your piece of Estancia real estate your own. Each home is tailored to the specific features of every lot in an attempt to create a synthesis of nature and residence. Natural features that make up each lot are preserved through the collaborative efforts of builders and architects. In order to minimize the disruption to the existing environment, the design of your Estancia real estate incorporates views, significant existing vegetation and washes

About The Matheson Team:

Who knows the Scottsdale and Phoenix, Arizona Real Estate market better than Don Matheson and his team of full-service agents? With over 35 years of experience, we have the expertise you can trust when it comes to buying or selling luxury homes, vacation homes, rental homes, condominiums, investment properties, foreclosures and golf course properties. The Matheson Team's full-service licensed Realtors handled 532 transactions and sold $109.7 million in real estate in 2010. The Matheson Team is the #1 RE/MAX Team in Arizona and the #5 RE/MAX Team in the United States. Our team's focus is on excellent customer service and expertise of current market conditions. We are here for you! If you are thinking about buying or selling a homein the greater Phoenix or Scottsdale area, call us today, toll free at 1-888-656-4830 or email Don at don@azgolfhomes.com. To begin your search for your dream home, click here.