Sonoran Hills Summary of Home Sales By Type

Sonoran Hills is a master planned community located in North Scottsdale. Comprised of seven unique neighborhoods, Sonoran Hills offers a wide selection of housing sizes and styles. Amenities include an elementary school within the community, close proximity to the Loop 101, a shopping center, tennis facilities, and a community park. There are miles of hiking, and biking paths that interconnect the neighborhoods within the community as well as connect to the area shopping center. Sonoran Hills Park is a 10-acre park that has a ball field, a lighted tennis court, 2 lighted basketball full courts, a playground, large open grass areas, picnic areas, two ramadas and restroom.

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Summary of Sonoran Hills Home Sales By Type

Here is a list of definitions often used to describe Type of Real Estate Sales.

Definitions

	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.
	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.
	Lender Owned	Lender owned is just what it sounds like. Also called " REO" , which means real estate owned, or bank owned.