Short Sales -Foreclosures – July 2013
The Arizona Short Sales – Foreclosures – July 2013 report is in. This month’s report portrays the continuing downward trend in short sales and foreclosures (aka Bank Owned or REO properties) here in Arizona and particularly the Valley. The areas included for the Arizona Short Sales – Foreclosures – July 2013 report are Chandler, Gilbert, Mesa, Phoenix, Queen Creek, San Tan Valley, Phoenix, Scottsdale and Tempe, Arizona.
Arizona Short Sales – Foreclosures – July 2013 – Let’s take a look at the total number of distressed sale units by City:
- Chandler – 41 Homes for sale
- Gilbert – 57 Homes for sale
- Mesa – 132 Homes for sale
- Phoenix – 286 Homes for sale
- Queen Creek – 24 Homes for sale
- San Tan Valley – 47 Homes for sale
- Scottsdale – 67 Homes for sale
- Tempe – 25 Homes for sale
Concentrations of active short sales across the Valley in Arizona, by zip code.
Foreclosures for the Valley, here in Arizona. July 2013.
Declining Supply of Distressed Home Sales in Arizona
This report reinforces the fact that the distressed home sale market in Phoenix, Arizona is continuing to decline, while normal or traditional sales continue to play an even larger role in the overall real estate market. The ever increasing numbers of traditional home sales here in the Valley corresponds to the continued rise in home values, especially as the inventory for homes for sale here in Phoenix, Arizona continue to stay at record lows. To see an overview of the Phoenix real estate market for July, including the total distressed sales year over year summary, click here.
These number are compiled by the Arizona Regional Multiple Listing Service on a monthly basis. See the Distressed Sales Report, including an interactive map in it’s entirety.
If you would like a detailed, confidential market anyalysis of your home, click below.
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