McDowell Mountain Ranch Summary of Home Sales By Type

McDowell Mountain Ranch is an award-winning master-planned community, approximately 3200 acres, nestled in the foothills of the McDowell Mountains. There are 26 neighborhoods containing approximately 4000 homes, with miles of trails, children's playgrounds, a 5-acre park with picnic and green areas, a Community Center, tennis, basketball, and beach volleyball courts, and two heated pools and spas.

The Sanctuary Golf Course, designed by Randy Heckenkemper, is in close proximity to McDowell Mountain Ranch. This championship 18-hole public course lies on the western slope of the McDowell Mountains and is surrounded by native plants and wildlife. Sanctuary attained Audobon Signature Status for the way the wildlife habitat has been enhanced while conservation, water quality, and pest control issues have been handled. The course features an 8,500 square foot clubhouse, and a full-service restaurant with superb views. In addition, the pavilion is perfect for special events and celebrations. The practice facility includes a driving range, putting greens, and pitching/chipping areas. Private lessons are available for a fee.

McDowell Mountain Ranch has all the convenience you need for an active lifestyle. Desert Canyon Elementary and Middle Schools are integrated into the community; both are Excelling Scottsdale schools. The Scottsdale Arabian Library is nearby, as well as the new $10 million + Aquatic Center and the Scottsdale Citizen's Service Center. There are two shopping centers that offer an array of unique dining, retail, and service establishments combined with necessities like a large supermarket and a pharmacy.

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Summary of McDowell Mountain Ranch 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.