Market Activity for the Vista De La Tierra Subdivision of McCormick Ranch (March 2008)
March did not produce any sales in the 100 home subdivision of Vista De La Tierra. There are currently 3 active listings, ranging in list price from $529,000 to $1,099,900. There is a wide disparity in these properties in not only price, but in size and condition. The low priced home of $529,000, for instance, is 2109 square feet with 1979 construction and virtually no upgrading. It also sits next to Via Linda Rd, which has become a fairly heavily trafficked thoroughfare bridging Via Ventura Blvd and Hayden Rd. The home listed at $1,099,900 was virtually rebuilt in 2006. Built to modern code with a new certificate of occupancy, it features nearly 3500 square feet and all of the latest and greatest upgrades. A very unique home for McCormick Ranch, indeed. Following is a statistical breakdown for these three properties.
Averages
$767,966 | 2754 Square Feet | $278.85 per foot |
Vista De La Tierra has always been sought after for its beautiful Spanish architecture with vaulted ceilings and partial tile roofs. Located in the Chaparral High School district, this section of McCormick Ranch is renowned for the immediate access to the lakes, golf course and walking paths. To please click the following link to learn more about Vista De La Tierra in McCormick Ranch.
Please keep in mind that this report serves only as an update of the current market activity. It should not be used to make any determinations of value for your home. Averages and trends are important to follow, but every home is unique. For a thorough analysis of your home's value, contact Ray & Paul today.
________________________________________________________________________________________________________
Ray and Paul Slaybaugh are your McCormick Ranch Real Estate Specialists. Selling Scottsdale since 1974, and McCormick Ranch residents since 1979, no one knows your market like Ray & Paul! Call us today at (480) 948-9450 for all of your Real Estate needs.
 |
|
|
Scottsdale, Phoenix and Paradise Valley AZ Real Estate. A Slaybaugh family tradition since 1974! We haven't sold every home in the Valley, but we're working on it!
First Gathering of the AZ Real Estate Blogging Network! Yes, I have photos!
Back on the Market ... Do these jeans make my backyard look big?
Video Tour of McCormick Ranch in Scottsdale, Arizona!
On Board the McCormick Ranch Railroad (Video)!
McCormick Ranch Market Report for Vista Del Lago (March 2008)
In Defense of the 180 Day Listing
MEDIAN HOME VALUE IN SCOTTSDALE PLUMMETS BY ... 1.9%???
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Hi Paul, This is a handsome local post and the values per square foot look almost inexpensive compared to Southern California. We get a bit jaded as we see home after home sell at these prices. It sort makes one wonder where all the income comes from that allows so many to be able to afford them. Well done!
Spectacular home. I love the style. It's tough though being the highest price house in the community. Good luck.
Very true, William. These houses don't have much trouble finding buyers due to the location and amenities, but it does stagger me when I see such prices in other nondescript parts of my market. Thanks for looking in on my subdivision snapshot.
Thank you, Lenn. It's a small sample size, so it is actually misleading in terms of the home values in the area. If you go across the street into the adjacent subdivisions, there are several million dollar + homes currently on the market. They stretch into the 2 million dollar range on the nearby lakefront lots. The owner of this one is actually the builder, and he has turned over several properties in the neighborhood. Each one is a true work of art, and this one is the best value by a long shot. Shoot, a few older properties have commanded in the 800-900,000 range, and this one is virtually brand spanking new. Some lucky buyer is going to get a great deal! Thanks for reading, and send me a buyer!
PAUL - Nice to see you doing market reports. I like the bar graphs. Are you thinking about using pie charts in the future?