Legend Trail and McDowell Mountain Ranch are two gorgeous and affluent communities in the Northeast Valley city of Scottsdale. But as with much of the real estate market in the Phoenix Metro, distressed homes abound. Here are the latest numbers for both these communities and the zip codes they are located in.
McDowell Mountain Ranch Real Estate
Zip code 85255 distressed properties: 36
Zip code 85260 distressed properties: 30
McDowell Mountain Ranch Only: 19 (includes both short sales and bank owned foreclosures)
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Legend Trail Real Estate
Zip code 85262 distressed properties: 17
Legend Trail Only: 3 (includes both short sales and bank owned foreclosures)
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How does this compare with other zip codes in the Northeast Valley? If we use the Cromford Report’s “Market Distress Index” we see that both 85255 and 85262 are under the average MDI for the Northeast Valley. While 85260 is slightly over the average MDI.
