Desert Highlands Summary of Home Sales By Type

Desert Highlands is an 850 acre residential golf community with 560 homesites in North Scottsdale. Desert Highlands is located on the south slope of Pinnacle Peak, one of the area's prominent natural landmarks. Golf membership comes with home ownership and stays with the land. Current membership fee is $75,000. Members enjoy more than just fine golf in a beautiful lush Sonoran Desert setting. There's jogging and walking trails, and tennis facilities throughout the community. Enjoy the 18 hole putting course, 7000 square foot fitness center, and award winning clubhouse.
Neighboring communities of Eagles Glen (to the east), Desert Skyline (to the west), and The Peak (to the south) are gated communities shown on the Desert Highlands map.

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Summary of Desert Highlands 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.