This week, Colonia Encantada (AKA Cuernavaca Segunda) wins again… but at least it’s for the last time in 2007.

7500 E. McCormick Parkway Lot 42 sold for $1,055,000. It’s a 2 bedroom, 2 bath with 2,280 square feet and some remodeling.

It hit the market on October 24 and was under contract to a buyer on November 14.

Only 21 days on the market. Not bad. Not bad at all. The more well priced a home, the faster it sells and the closer to list price it will sell for.

Buyers feel an excitement about a home that’s been on the market for only 2 weeks that is long gone by the time the home has been on the market for 2, 4, 6 or 12 months.

The original list price was $1,075,000.

January 17, 2008 by Scottsdale Realtor John Wake
 
About The Author

Scottsdale Realtor John Wake

Born in Phoenix, a McCormick Ranch resident since 1997, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding the buyer for their current home.