Desert Mountain Summary of Home Sales By Type

With temperatures five to 10 degrees cooler than the Phoenix metropolitan area, stunning views, and six world-class golf courses, Desert Mountain has become one of Arizona's most highly acclaimed communities. Located in the foothills of Scottsdale's Continental Mountains, the community consists of 32 distinct villages that span over 8,000 acres. Desert Mountain real estate has become increasingly popular since the recent and rapid growth of north Scottsdale and the completion of the Loop 101 Freeway. Desert Mountain homes range from just under $850,000 to over $14,000,000. A top end Desert Mountain home often includes a generous floor plan, architecturally designed landscaping, and luxury details such as textured stone, mud-set clay tile roofs, and high-end furnishings.

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Summary of Desert Mountain 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.