Terravita Real Estate Scottsdale Arizona Golf Scott Gaertner REALTOR® AZ

Terravita: Real Estate at Its Best in Scottsdale Arizona

Terravita Voted Best Master Planned Community AND Best Private Golf Club by Ranking Arizona

Terravita is one of Scottsdale, Arizona’s premier real estate developments. Terravita was created by real estate developer Del Webb beginning in late 1993 and was their first non-age restricted community. I, Scott Gaertner, was the number one real estate broker for new home sales, selling more Terravita homes than anyone, $66 million in sales. No one knows Terravita real estate better than I do and I am ready to help you buy or sell. If that sounds like bragging, remember I am applying for a job as your Realtor!

The Terravita gated planned community consists of 823 acres with a wide range of home and lot sizes complimented by excellent amenities including an 18 hole championship golf course, clubhouse facilities with dining, a swim and tennis center, a health and fitness center and a community wide 6 mile long system of jogging and walking trails.

Terravita golf and the Terravita Golf & Country Club are of great interest to many buyers. The golf course at Terravita was created by PGA Hall of Fame member Billy Casper and designer Greg Nash, whose name is synonymous with beautiful, playable golf courses that provide fun, fair challenges to players of all abilities while blending seamlessly with their natural surroundings. The Terravita golf course is an excellent example of Greg’s design skills. Terravita Country Club amenities include a pro shop, a large driving range, and three separate areas to practice chipping and putting.

Real estate in the Terravita community includes a wide range of homes with great floor plans suitable for everyone from larger families to couples looking for a part time or retirement residence. You can see all of the Terravita home floor plans here.

One of the features of Terravita real estate compared to some other developments in the Scottsdale, Arizona area is the overall development design which maximizes the natural beauty of the high Sonoran desert while minimizing things man made. Terravita real estate meets or exceeds the Scottsdale, Arizona Environmentally Sensitive Land Ordinance. Whenever I am asked what Terravita’s very best feature is, my answer is always the folks who live here. They are an extremely health conscious, fun group of unpretentious folks, who enjoy an incredibly active lifestyle with like minded friends and neighbors.

Click Film Reel to see Terravita Lifestyle/Golf Video:

TERRAVITA MARKET UPDATE

September 2nd, 2010 Terravita Market Update

Month	Average Price Per Foot
January	$172
February	$195
March	$213
April	$203
May	$219
June	$188
July	$205
August	$188

Has it been hot?

The ice cream truck melted. Is that hot enough for you?!

The Terravita market had a typical August with bargain hunters beating up desperate sellers, looking for what they perceive as a deal. Five homes went under contract but unfortunately they averaged $172 per foot as their asking price, and the low was just $129 per foot. Yikes! Interestingly, one of the homes that went under contract has the distinction of being the highest price per foot ever sold in Terravita – the last time it sold.

On June 15^th, 2007 6747 E Eagle Feather (which is a 1409 Sq Ft Arbor model) sold for $525,000 which comes out to just a skosh over $372 per foot. That home went under contract as a short sale last month and the asking price was $270,000 or $191 per foot.

Now that may sound bad, but it really isn’t. I have seen plenty of homes outside of Terravita selling for way less than half of what someone paid for them. This one is just slightly less than half, and I don’t think it really was ever worth $525,000. It was a nice home, and we were at the peak of our market, but it was badly overpriced even then. Anyway, I just thought you might get a kick out of that story. (Although its entirely possible I study the market way too much and have lost my perspective on what is interesting to normal people.)

Anyway, the sales average price per foot on closings also dropped a tad but again – we’re still in August. October is coming!

Here are the August 2010 Terravita Real Estate Market’s statistics:

3	Closings for an Average of $188 per foot
282	Average days on the market
5	Homes under contract *
10	Price Reductions
39	Active Listings

Click here to see the raw data provided by the AZ Regional MLS
Click here to view past Terravita Market Updates
Click here to view Currant Terravita Listings

* The term "Homes under contract" is to say that these listings "sold" but they have not necessarily closed escrow. Most are still in various stages of the inspection process.

Don't forget, if you enjoy receiving these messages add us to your address book, and I am never to busy to help you or your referrals! Just send me a note at: Scott@TerravitaRealEstate.com or call me at (602) 369-6601.

Scott Gaertner
Associate Broker
Keller Williams Northeast Realty
877-254-7699 toll free
602-369-6601 cell
Scott@TerravitaRealEstate.com

I would appreciate an opportunity to introduce you to Terravita. Please contact Scott Gaertner today.

For more information about Scott’s real estate success read this January 2005 press release.