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Estancia Area Summary of Home Sales By Type

Updated Fri Nov 30, 2018 9 AM.

Estancia is a guard gated custom home golf course community north of Pinnacle Peak mountain. Estancia consists of 39 Tuscan-style villas known as The Homes of LaScala, and 223 custom homesites. Custom homesites range in size from one-half to two acres.

The Estancia Golf Club has recently renovated Tom Fazio designed 18-hole championship course. Challenging yet playable, with breathtaking views. 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."

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Summary of Estancia Area 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
5
235
4,772
1,673,000
87.2%
Short Sale
0
n/a
n/a
n/a
n/a
Lender Owned
0
n/a
n/a
n/a
n/a

 
Here is a list of definitions often used to describe Distressed Properties.

Definitions
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 Foreclosure Pre-Foreclosure The owner is attempting to sell the property during the pre-foreclosure period, before the foreclosure can be completed. The term pre-foreclosure or preforeclosure is that period between when the lender files a foreclosure notice of default in the public records (Lis Pendens) and the date the property is to be sold at public auction or trustee's sale. Often lenders are taking back properties instead of holding the public auction or trustee's sale.
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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