Kierland is an amazing area, located in the "magical" 85254 Zip Code of Scottsdale, AZ. Because 85254 is home to what many consider to be the best school districts in Arizona (Scottsdale Unified School District & Paradise Valley Unified School District), and offers some of the best dining/shopping opportunities at the nearby Kierland Commons, this area has become extremely popular for people looking for their next home. Add to that it's proximity to the Loop 101 and 51 freeways, and you get the perfect combination when looking for your next home. The 85254 Zip Code is commonly referred to as Kierland, and for the purposes of this report, I have included all real estate activity that has occurred in the past month within 85254.
Subscribe to the Kierland Homes Monthly Real Estate Report in order to get a copy sent to your inbox each month. The report is meant to keep you up-to-date on the latest real estate trends in the community.
Before I begin to explain the findings in the above chart, allow me to take a moment to define some of the terms.
Active: Listings that are currently listed as being "Active" in the MLS.
Pending: Listings that are currently under contract. This includes both Short Sales and Traditional (non- distressed) listings.
Closed: These are homes that closed escrow during the month of June / 2012.
Traditional: These are listings that are "non-distressed" (i.e., not short sales or bank-owned).
Short Sales: These are listings that are marketed/sold for less than what is owed on their respective mortgages.
Bank-Owned: As the title implies, these are listings that are marketed/sold by the bank/lender that owns them.
Other/Misc.: Involves listings that are classified as owner agent, probate, court approval required, etc.
There are currently 124 Active Listings on the market:
105 Are Traditional Listings
10 Are Short Sales
06 Are Bank-Owned
03 Is/Are Misc.
There are currently 217 Pending Listings:
96 Are Traditional Listings
106 Are Short Sales
08 Are Bank-Owned
07 Is/Are Misc.
During the month of June / 2012, there were 107 closed listings:
78 Were Traditional Listings
14 Were Short Sales
09 Were Bank-Owned
06 Is/Are Misc.
Finally, in the Kierland Homes Monthly Real Estate Report, we will compare month/month cost per square foot for those homes that closed escrow in June / 2012:
The Average Price/Square Foot for homes sold in May / 2012 in Kierland was $150.41 per square foot
The Average Price/Square Foot for homes sold in June / 2012 in Kierland was $146.94 per square foot.
This represents a 2.36% decrease in prices within the community from May / 2012 to June / 2012. This may be due to the fact that 23 of the 107 homes that closed escrow were either bank-owned or short sale listings.
Each month we will post a graph that shows the average Price/SF in Kierland since January/2010. Things are definitely headed in the right direction!
If you are looking to buy in this popular community, feel free to contact the Kierland Homes Team for a more in-depth analysis of area. We have a long-standing reputation with buyers in the Kierland market, as well as surrounding neighborhoods in the area.
Or, if you are looking to conduct your own Kierland Home Search, you've come to the right place. This valuable search tool allows you to set up your own search parameters, and you will receive an email whenever a new listing that matches your needs hits the market. Trust me, you'll love it!
As I said at the beginning, I will be posting this information on a monthly basis. If you'd like to keep abreast of the latest happenings, feel free to subscribe to the Kierland Homes Monthly Real Estate Report.
Below is a small sampling of the homes that are currently listed and available in the Kierland market. Feel free click on the blue link titled “See More Kierland Homes For Sale” to get a complete list of homes that are currently available. These listings are taken directly from the Arizona MLS, which gives you the most up-to-date source of listing information on the planet. Enjoy!
Kierland Homes For Sale
[idx-listings linkid="143701" count="10"]