Click to see updated results of other Community Indexes.
Legend Trail – Scottsdale Community Price Index (SCPI) Q2 2011 -
The home values in Legend Trail in Scottsdale came in 32.94% higher in Q2 compared to the previous quarter and has increased by 9.65% compared to the same period in 2010 according to the Scottsdale Community Price Index (SCPI) developed by Chad Tornabeni with Capital Realty (www.selling2arizona.com).
Below I have provided some Key Statistics on values and statistics for Legend Trail:
Legend Trail Average Home Sale Price thru Q2 in 2011 - $515,483.33 (30 sales)
Legend Trail Average Home Sale Price in 2010 – $473,697.8 7(47 Sales)
Legend Trail Peak Value was in 2006 - $771,998.15 (54 Sales)
Legend Trail Appreciation from 2001-2006 – 127.09% or 25.42% Annually
Legend Trail Worst Depreciation was in 2009 - -35.27% ($447,294.92)
Legend Trail performance since Peak in 2008 - -33.23% or -7.38% annually
There are 30 recorded sales thru 2011-Q2 in Legend Trail. This is on par with the previous 3 years just shy of the peak # of sales year of 2004 where 54 total sales were recorded thru Q2. Sales prices as a percentage of the original list price came in at 95.37% which is a slight increase from 2010 which came in at at 94.44%. This shows that sellers are in-tune with the market and have been pricing homes aggressively.
| Scottsdale Community Price Index – Legend Trail | |||||
| #Sales | Avg List Price | Avg Sold Price | SP/LP | % Appreciation | |
| 2001 | 55 | $370,337.31 | $339,958.78 | 91.80% | |
| 2002 | 65 | $434,810.54 | $419,203.86 | 96.41% | 23.31% |
| 2003 | 86 | $449,586.27 | $438,565.05 | 97.55% | 4.62% |
| 2004 | 91 | $532,917.79 | $523,525.52 | 98.24% | 19.37% |
| 2005 | 88 | $710,737.90 | $697,113.64 | 98.08% | 33.16% |
| 2006 | 54 | $802,024.07 | $771,998.15 | 96.26% | 10.74% |
| 2007 | 47 | $686,302.13 | $655,765.96 | 95.55% | -15.06% |
| 2008 | 45 | $735,539.89 | $691,005.56 | 93.95% | 5.37% |
| 2009 | 37 | $479,867.54 | $447,294.92 | 93.21% | -35.27% |
| 2010 | 47 | $501,573.19 | $473,697.87 | 94.44% | 5.90% |
| 2011 | 30 | $540,526.67 | $515,483.33 | 95.37% | 8.82% |
| Averages | 59 | $567,656.66 | $543,055.69 | 95.53% | 5.43% |
As you can see by the statistics, values in the last 10 years in Legend Trail have appreciated by an average of 5.43% a year and 51.63% overall through Q2 of 2011. Legend Trail had a steady rise starting in 2002 before peaking in 2006. Since the peak Legend Trail has experienced a decline wand has shown a rebound since 2009 which is rare in this market. The trend points to Legend Trail being stablized and values to remain steady thru the end of the year. .
[contentblock id=3 img=html.png]
Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.
About Chad Tornabeni
