McCormick Ranch Market Report

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

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