Mesa Homes For Sale in Red Mountain Ranch–Featured Community

Homes for sale in Red Mountain Ranch are surrounded by gorgeous mountain scenery and luxury amenities…

Homes For Sale in Red Mountain Ranch

Located in Mesa’s upscale northeast foothills, homes for sale in Red Mountain Ranch are part of a master planned community of over 800 acres. Red Mountain Ranch is situated North of Thomas Road near the Red Mountain Freeway (202 Loop).

Golf course homes for sale in Red Mountain Ranch sit on an 18-hole championship golf course designed by world-renowned architect Pete Dye

Members to the Red Mountain Ranch Country Club enjoy the state-of-the-art golf learning center with pro shop and PGA instructors. There are also multiple lighted tennis courts, a fitness center with aerobic classes and an Olympic size swimming pool with a snack bar.

Homes for sale in Red Mountain Ranch are the perfect winter vacation home!

Mesa homes for sale in Red Mountain Ranch are part of a gated golf course community with spectacular mountain views and also a very popular destination for residents seeking low maintenance vacation or winter-stay real estate. This perfect upscale Mesa location offers an abundance of amenities, shopping, restaurants, world-class golfing, beautiful scenery and a great place to call home even if only for the winter months!

Below is Red Mountain Ranch real estate including Mesa foreclosure homes for sale in Red Mountain Ranch.

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For single family homes for sale in Mesa, foreclosures dominate Mesa home sales

mesa-home-for-sale Looking for a single family house for sale in Mesa? There are plenty of them, but if you want to know what is actually selling, those are the foreclosures.

There are currently 1,726 active single family homes for sale in Mesa according to the MLS at time of this writing. Of those, only 290, or only 17% are foreclosure properties. So if I told you that there were 602 single family homes in Mesa that sold in the last month, that should mean roughly 102 of them were foreclosures. Not even close.

Of the 602 Mesa homes that sold last month, 294, or nearly 50% were foreclosures. The main reason foreclosures are selling is because of their price. The homes are generally listed below what a private sale is listed and is setting the market value for all homes on the market.

Another interesting statistic from these numbers is the very low supply of foreclosure properties on the market. with only 290 active and 294 sold in the last month, there is only a one month supply of inventory which is leading to a seller’s market.

There has been a lot of talk about a "shadow inventory" or foreclosures being held off the market on purpose by the banks. These numbers show the market could be flooded with this "shadow inventory" if it exist and still not crash. There are more than enough buyers out there right now for the inventory available.

If you want to see all the Mesa foreclosure homes for sale on the market right now check out our Mesa foreclosure properties for sale page.