AZ Foreclosure & Real Estate Market Update
Arizona Realtor Market Update
Here is a monthly snapshot on market and AZ foreclosure activity for Arizona Realtors and buyers:
AZ foreclosure activity continues to be very strong.
Download a graph of sales activity for the last 30 days
Southwest Valley-REO active listings represent 16% of the total listings, and 50% of the sales for the last month.
Peoria and Glendale-REO active listings represent 17% of the total listings, and 54% of the sales for the last month.
Compare to Scottsdale- REO active listing represent 6% of the total listings, 29% of the sales for the last month.
Just a couple of things to note:
1. 94% of sales for the last month are under 400,000.
2. 18% of sales for the last month are approved Short Sales
3. 50% of sales for the last month are REO properties.
The Valley is sitting at a 5 months supply overall. Here is a breakdown by area;
Ahwatukee 6.3 months
Scottsdale 9.2 months
Apache Junction 5.0 months
Camelback Corridor 7.5 months
Cave Creek 6.4 months
Fountain Hills 14.4 months
Goodyear, Litchfield, Avondale, 3.0 months
Luxury Valleywide 34.4 months
Peoria and Glendale 2.9 months
Paradise Valley 19.3 months
To receive a daily list of new foreclosure homes, visit this site!
To receive a daily list of homes by your specific search criteria, visit here!
To learn how to buy a home with $100 Down Payment, visit this site!
For more information, call my office at (602) 291-4362
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