Estancia Summary of Home Sales By Type

Estancia is a gated custom home golf course community north of Pinnacle Peak mountain.   267 homesites on 640 acres (low-density).   Golf Digest named Estancia the "Best New Private Course" among the "100 Greatest Courses in the U.S." and as one of the "100 Greatest Courses in the World."  Homes 3286 to 8906 square feet, on half to 2.3 acres.

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Summary of Estancia 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.