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Troon North Summary of Home Sales By Type

Updated Fri Jul 30, 2010 11:13 AM.

Troon North is an 1,800-acre master-planned community in prestigious North Scottsdale. Located along Dynamite Boulevard, east of Pima Road, in the foothills north of Pinnacle Peak Mountain. This community enjoys a dymanic desert landscape - undulating geography, amoungst hugh granite boulders, luch desert arroyos, and stands of ancient saguaros. Residential Subdivisions are designed around two championship golf courses by Tom Weiskopf and Jay Morrish.

Troon North is considered one of Arizona's finest golf communities. Membership to this semi-private club is available to property owners only. Guests of the Four Seasons Resort have playing privileges at Troon North. Public play will be eventually eliminated/reduced. Call for more information about the 2 types of membership.

Development began in 1989 and continues today. Custom lots are still available. Types of property include condominiums, townhomes, production homes, semi-custom home, and custom estate. All but a few subdividions are gated. Most homes have mountain and/or city light views.
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Summary of Troon North 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
62
115
3,636
875,370
92.8%
Short Sale
21
185
3,185
507,957
97.4%
Lender Owned
22
57
4,135
665,186
94.0%

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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