Silverleaf at DC Ranch is located at the 101N and Pima. The average home price in this fine community is 3.8M and is the highest priced subdivision in Scottsdale, Arizona. The average property tax is expected to reach $6200. More than half of the homes in this community are still based on land tax and therefore only pay on average 2k per year for property tax. We expect the property tax change in 2011. HOA in Silverleaf averages $462/quarterly. Several homes in Silverleaf are well over 5k sqft. One of the few popular builders in Silverleaf at DC Ranch is Sunridge Builders. They’re homes are by far the finest built with no expenses spared for details.

Average days on market for Silverleaf at DC Ranch

As of October 2009, most homes in this community are averaging 240 days on market. This is typical for multi-million dollar Scottsdale homes. While some homes sell faster than others, they’re main selling point is the location within the community. Lot premiums are big and take priority when selling a home. Lot premiums for Silverleaf include: Golf Course Lots on Silver Club Golf Course, proximity to Desert Spring Park and Lake and 1 acre lots. While most of the homes in this subdivision average 2/3 of an acre, the real value is for homes with extra sqft lots.

Statistics for Silverleaf at DC Ranch | Home Values in Silverleaf

As of October 2009, we are showing a steady increase in home sales and a flat line for price per sqft. This means, on average most homes sell for $197.00 per sqft. This is only down 12% from it’s high of $220.00 per sqft six months ago.

Silverleaf Foreclosure Stats

Silverleaf in the recent months is showing evidence of more trustee sales and increased trustee notices. The amount of trustee notices have gone up 20% since last year and trustee sales up 10%. This is not a good sign for home owners and sellers in this community. Based on this information, we expect home values to drop at least another 10% before leveling off. We base this information on a steady baseline for price per sqft showing signs there is not an increased value and more trustee notices going out. An ideal time to buy a home in this community is expected to be April-June of 2010.

Homes for Lease in Silverleaf at DC Ranch

Properties in Silverleaf are in High Demand. Most homes are listed and rented in less than 60 days. The average rental list price in Silverleaf is between $5500-9500 monthly. The homes leasing within the 60 day time frame are usually listed around $5500 monthly. Other homes in this subdivision which are listed higher can take up to 260 days to be leased. Our concern with homes leasing at less than 8k per month is the possibility the owners of these properties are leasing the home at a loss. Our research has shown, most home owners hold a 1.6M mortgage. This equals $10,644pi at 7%APR. This leaves a huge potential loss for investors in this area. With a steady increase in foreclosures and homes leasing for less than half of what they owe monthly on them, one can only think a rental at this price can’t last long. However, many of our clients are protected from this potential by requesting the owner complete a VOM. ( Verification of Mortgage ) We request this as a courtesy for all our high value clients.

If you would like more information on homes for lease or property management, please contact Broker Executives, Inc.

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Century Club Estates is located at Shea and 56th st. The average list price in Century Club Estates is currently 1.6M. The average property taxes ranges between 7k-13k annually. This community does not have a Home Owner’s Association. Home sizes range between 3k-8k sqft. There are several homes that sit on Orange Tree Golf Course and have lot sizes between 1-2 acres. Century Club Estates has been an established community for several years. Most home owners have rebuilt their homes to a modern style look while others have updated their home interiors to reflect a modern look.

Century Club Estates School Information

Ele Sch Dist: 048 – Scottsdale Unified District
Elementary School: Sequoya
Jr. High School: Cocopah
High School Dist #: 048 – Scottsdale Unified School District
High School: Chaparral

Orange Tree Golf Course Information

10601 N. 56th Street
Scottsdale, AZ 85254
(800) 228-0386

October 17- December 24, 2008 $79.00
December 25, 2008 – April 12, 2009 $119.00
April 13 – May 25, 2009 $79.00
May 26 – September 20, 2009 $45.00
September 21 – December 24, 2009 $79.00

The Orange Tree Golf Resort is an 18-hole golf course in Scottsdale, Arizona. This medium-length layout has 3 sets of teeboxes, but boast a challenging golfing experience.

Par:72 Yardage:6762 Course Rating:71.3 Slope:122

Century Club Estates Rental Information

Century Club Estates rentals average between 3-6k monthly depending on the property and the amenities available. Homes can sit on the market for up to 90 days before become rented. Newer homes easily rent for 5k monthly. These newer home are highly desired for Scottsdale and Paradise Valley Residents because of the popular local schools and business opportunities. For more information on rentals in Century Club Estates or property management please contact Broker Executives, Inc.

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Discovery Trail home prices range from 300k to the low 400k’s. Average taxes for Discovery Trail homes are $2600 annually. HOA in Discovery Trail is $64/Monthly. There are roughly 140 homes in this subdivision of which several have good mountain views.

Discovery Trail has some of the least expensive homes in Mcdowell Mountain Ranch. Homes in this community range in sqft from 1100 to 2200 sqft, with the lower sqft models selling in the high 200k’s.

Mcdowell Mountain Ranch Homes for Sale

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Eagle Ridge is located at Bell rd & Thompson Peak Parkway. Eagle Ridge consist of over 200 single family homes. About half of the homes in this community are two story. The average selling price in Eagle Ridge ranges between 350k-550k. Average taxes for Eagle Ridge is approximately 3k annually. HOA for Eagle Ridge is $64/monthly.

Homes for Lease in Eagle Ridge

Eagle Ridge homes lease between $2000-$2400 per month. This is for the typical 2300 sqft 3/2 home. Homes in Mcdowell Mountain for lease do not stay vacant for long. This much desired area is always in demand and rentals rarely sit longer than a couple weeks on the market. We have assisted several clients with finding homes in Eagle Ranch, most of whom prefer a 3 car garage a minimum of four bedrooms with a pool.

Mcdowell Mountain Ranch Homes for Sale

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The Summit is located at Mcdowell Mountain Ranch and Paradise Ln. The Summit Community consist of 142 Single Family Homes and average 650k in Price. There are six different Models in this community, that range from 1800 sqft up to 2700 sqft. Most homes in The Summit were built around 1995.

Homes in this community average 8300 sqft lots. Taxes in The Summit average $2700 annually. HOA in The Summit is currently $55/monthly. Most of the homes in this community have 3 car garages, mature landscaping and are single level homes.

Mcdowell Mountain Ranch Homes for Sale

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Montecito is located at Bell Rd & 104th, The Montecito community consists of about 80 single family homes. The average homes sold in Montecito is 625k. Taxes for Montecito 3k annually. HOA for Montecito Averages $64/monthly. Montecito homes range in size from 2,200 square feet to about 3,600 square feet.

The primary builder for these homes is Greystone. Most homes in this area have good mountain views and several amenities; including, biking trails, community heated pool, tennis courts and a multi-million dollar club house.

Mcdowell Mountain Ranch Homes for Sale

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