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Terravita Summary of Home Sales By Type

Updated Thu Sep 09, 2010 12:28 PM.

Terravita is one of Scottsdale, Arizona's premier real estate developments.

Terravita is a gated mater-planned community of 823 acres in North Scottsdale. The community includes a wide range of homes with great floor plans suitable for everyone from larger families to couples looking for a part time or retirement residence. Amenities include a 18 hole championship golf course, clubhouse facilities with dining, a swim and tennis center, a health and fitness center and a community wide 6 mile long system of jogging and walking trails.

Terravita golf and the Terravita Golf & Country Club are of great interest to many buyers. The golf course at Terravita was created by PGA Hall of Fame member Billy Casper and designer Greg Nash, whose name is synonymous with beautiful, playable golf courses that provide fun, fair challenges to players of all abilities while blending seamlessly with their natural surroundings. The Terravita golf course is an excellent example of Greg’s design skills. Terravita Country Club amenities include a pro shop, a large driving range, and three separate areas to practice chipping and putting.
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Summary of Terravita Home Sales By Type

  
Type of Sale Sales in past
6 months		 Avg Days
on market		 Avg Square
Footage		 Avg
Sale Price		 Avg % of
Asking Price
Resale
44
112
2,307
480,458
94.9%
Short Sale
2
37
1,540
287,850
94.4%
Lender Owned
0
n/a
n/a
n/a
n/a

Here is a list of definitions often used to describe Type of Real Estate Sales.

Definitions
North Scottsdale Resale Resale This is the traditional method, with no third party involvement. The owner sells the property and pays off any debts secured by the property. Relocation, estate sale, and auctions, which made up a small percentage, are also included in this category.
North Scottsdale Short Sale Short Sale The "short" in short sale actually refers to the fact that the payoff amount agreed to in the transaction is "shorter" than the mortgage balance on the property. Simply put, there is more owed on the home than it will sell for.
North Scottsdale Lender Owned Home Lender Owned Lender owned is just what it sounds like. Also called " REO" , which means real estate owned, or bank owned.
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