Avondale AZ Wholesale Property

Single Story:   3 Bed/2 Bath

Sale Price:       $110,000     Market Value $125,000

Bedrooms:     3               Bathrooms:    2

Sq Footage    1,738

Parking:      3 Car Garage

Year Built:    2002

Lot Size:         6,046 SF

Would you like to buy other Avondale Wholesale Properties at 10% to 20% below market value? Call our office at (602) 291-4362 or fill out your information below.                                             (your information will NEVER be distributed to another party)

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Here is a great article from www.azcentral.com outlining some of the reasons lenders may not be foreclosing.

http://www.azcentral.com/business/realestate/articles/2009/09/05/20090905housing-foreclosures0905.html

AZ Foreclosure Notices filed are closing in on about 50,000 units. Actual foreclosures dropped by about 1,000 units from the prior month.

About 1 in 5 homes are currently being sold as “short sales” in Maricopa County.  This means lenders are starting to take that process seriously and bodes well for homeowners.

If you are “upside down” on your mortgage, need help in understanding your options if you are behind on your payments or need to discuss a short sale, please call my office at (602) 291-4362.

Download a Graph of foreclosure filings through July of 2009 by viewing this link.

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