"I am looking for a Scottsdale Arizona Foreclosures"- 50% of the calls/emails I receive are asking for foreclosures in Arizona. So are they surprised when I tell them there are less and less each month! Take a look at foreclosure numbers in Arizona:
This is for Maricopa Foreclosures for June 2012
The residential REO properties are sitting at 5,907 vs. last month of 6,169. Down 262 units from last month!
June of 2011 there were 17,278 REO properties!
Listed REO properties are approximately 1205 units and pending are 1811.
That tells us that there is approximately 3085 properties that are foreclosed but not yet on the market.
Normal Sales is at the highest point in the last 5 years. They represent 55% of total sales!
What does this mean? We are down 66% from last year...Shrinking Inventory and concentrated more on the West/East Valley rather than North Scottsdale and surrounding areas!!! If you do want to capitalize, get going!!!!!!!!!!!!!!!
By the way, are rates low enough for you yet? 3.35% on 30 year fixed? Seriously? What are you waiting for????