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Grayhawk Summary of Home Sales By Type

Updated Wed Mar 17, 2010 8:13 AM.

Grayhawk, in North Scottsdale, features two distinct yet interconnected neighborhoods called The Park and The Retreat. They both offer a variety of prices, amenities and lifestyles.

There are many community features that give residents a wide range of activities. Parks include playgrounds, basketball courts, picnic areas and grassy play areas. There’s also the Grayhawk Walk trail system, beautifully landscaped for jogging, biking, or just taking a stroll.

The Park at Grayhawk caters to family-oriented buyers. The Retreat contains two world-class, 18-hole golf courses; the Grayhawk club house with superb casual dining; miles of trails for hiking, biking and jogging; peaceful open areas with barbecue pavilions; community tennis courts and swimming pools. All reserved for the private use of Retreat residents and their guests. Guard-gated neighborhoods offer residential choices ranging from luxurious single-family homes and spacious townhouses to spectacular custom homesites. And, many golf course and view lots are available.

Plus, Grayhawk’s resident program director maintains a complete schedule of sporting events, social functions and cultural activities that’ll help add fun and friendship to your life at Grayhawk.
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Summary of Grayhawk 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
84
106
2,289
499,633
94.2%
Short Sale
45
90
1,705
268,029
93.9%
Lender Owned
56
43
1,555
225,972
97.6%

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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