Desert Foothills Area Summary of Home Sales By Type

Desert Foothills remains a rustic, rual desert area with low density single family residences intermixed with equestrian facilities. There is a rich assortment of architecture styles that include Pueblo, Santa Fe, and Western Ranch. Typical parcels range from one to five acres. The dominance of the lush upper Sonoran Desert will be maintained by blending new construction into the natural desert setting.

Return to Desert Foothills Area Map

Summary of Desert Foothills Area Home Sales By Type

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

Definitions

	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.
	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.
	Lender Owned	Lender owned is just what it sounds like. Also called " REO" , which means real estate owned, or bank owned.