1980 E Desert Garden (LP $1,049,000) went under contract after only being on the market 3 days; this same house sold for 950K less than 9 months ago and it was not a “distressed sale” at that time (“short sale” or “foreclosure”). This 10 year old, 3,400 foot Contemporary is sited on 1 acre.
The signs continue that the Foothills housing market is recovering after bottoming out.
There have been 9 Pima Canyon homes that have closed escrow in the past 6 months with final sales prices from 740K (an anomoly-next sale price is 950K) through $2,325,000 (this one was a “distressed sale” as a “short sale”). There are currently 5 Pima Canyon homes “under contract” with list prices from 740K (not a distressed sale) through $1,550,000. There are currently 11 Pima Canyon homes for sale with prices ranging from a low of 749K to a high of $4,199,000. Most of the homes for sale here now are geared to the very high- end: with 7 for sale above 1.5 million. Homes priced over 1.5 million are much harder to sell; the very high-end has sales moving at a” turtle’s pace”.
This home is listed by Long Realty.