With 20 current residential listings, Silver Oak on Palmer Ranch (including The Vineyards of Silver Oak) logged 2 sales during the month of August. As of this morning, there are no pending sales.On August 18, a 3,478 square foot maintenance-free home in The Vineyards of Silver Oak, located at 5101 Cantabria Crest, sold for $605,000 or $174 per square foot. Constructed in 2000, the home was on the market for 180 days and the last listed price on the property was $649,000.
On August 20, a 4,609 square foot home located at 8981 Rocky Lake Court in Silver Oak Estates, sold for $938,000. Built in 2007, the property was on the market for 60 days and the last listed price was $1,199,995.
Including these two transactions, Silver Oak has posted 10 closed sales in the last six months. The average length of time these 10 properties were listed was 367 days with an average price per square foot of $194.
Sales statistics for Silver Oak on Palmer Ranch are always available here and are updated at the beginning of each month.
Sales information courtesy of the Mid-Florida Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.
We are Realtors in the Phoenix Arizona and have been hit harder than most areas with foreclosures. It is difficult to find properties that are not lender owned (unless they are short sales which will soon be lender owned in most cases)
However, there is a silver lining in the market. Buyers are returning in large numbers and REO's are selling in a few days with multiple offers being the norm. I too believe that a new wave of foreclosures is due soon but, at least here, the savvy buyers are ready, willing and able.
It is an exciting time to be a Realtor in the Valley of the Sun.