phoenix foreclosures: Phoenix Housing Market September 2014: the good and the bad
- 10/09/14 01:44 AM
The Phoenix Real Estate Market has it's ups and downs, just like any housing market. The good news for for potential home buyers and property sellers alike: home sales to owner occupants (those wanting to live in the homes ) are up 6% from 12-months ago. This seems to indicate that more potential buyers are reasonably at ease with the state of the housing market and are making a commitment to buy a house. Phoenix Housing Market Information The bad news is for people trying to sell homes: overall sales remain at a six-year low, due mostly to a 36% decrease in investor sales. I … (2 comments)
phoenix foreclosures: Phoenix Real Estate Market Results May 2014 by local Realtors
- 06/18/14 09:01 AM
Phoenix MLS Housing Sales Realtors in the Phoenix real estate market closed 7,490 home sale transactions in May 2014. That's 178 less than April of 2014. Year-over-year sales are down considerably from 9,444 home sale transactions in May 2013. Additionally, home sales are the lowest point since 2008, six years ago. Real Estate Agents recognize spring and early summer as the peak buying season. Home buying demand has decreased in the Phoenix real estate market. The outlook is for a home buyer's market for the rest of the year. Desire a more comprehensive look at sales trends? Go here: PHOENIX REAL … (0 comments)
phoenix foreclosures: Phoenix Housing Market Report for Homes sales in January 2013
- 02/20/13 02:36 AM
Each month we report on the Phoenix Housing Market. This installment is for sales in January 2013, along with an outlook for February and predictions for March. January is, seasonally, one of the lower sales months of the year just before the spring buying season arrives. To put it concisely: price per square foot remained stable at $108 inventory rose slightly but it still considerably below normal levels foreclosures continue to diminish we expect the price per square foot to increase in February and March Phoenix Housing Market and Home Sales Price per square foot in the Phoenix Housing Market remained at … (0 comments)
phoenix foreclosures: Phoenix Leads National Rise in Home Prices: Phoenix Foreclosures Fade
- 02/18/13 02:50 PM
Phoenix Foreclosures have been slowly disappearing for 18 months. It's all over the news media. See our Housing Tracker Stats for a long term perspective, as we have been tracking Phoenix foreclosures for 5-years. This week Bloomberg joined the bandwagon with an article decalring home prices have risen in the 4th quarter of 2012 in almost 88% of US cities. Phoenix is leading all cities. This is either good or bad news depending on your viewpoint. It's good if you're a home owner in the Phoenix area. It's bad if you're an investor who likes to buy properties at a big … (2 comments)
phoenix foreclosures: Phoenix Foreclosures down: 8th Worst Place to Buy Foreclosures
- 02/12/13 03:16 PM
The face of Phoenix foreclosures has changed. The bad memories about the Phoenix housing market are starting to fade. According to Realty Trac, Phoenix is now the 8th worst city to buy foreclosures. Yesterday I wrote yesterday that Phoenix foreclosures are no longer the driving force in the Phoenix real estate market. Additionally, and according to Realty Trac, foreclosure activity is down in 12 of the 20 largest metropolitan areas and up in eight of the 20 largest metros. Home owners are starting to feel like this may be a good time to sell. Some are thinking it best to see how far prices … (2 comments)
phoenix foreclosures: Phoenix Foreclosures Nearing Normal Levels: Housing Market Improved
- 02/11/13 03:17 PM
Phoenix Foreclosures have continued to disappear, as reported in our Housing Tracker for almost 2.5 years, and the news has recently been all over the media. The days of doom and gloom are fading from memories as real estate investors reduce their ROI (return on investment) expectations or find other areas where foreclosure still abound. Home owners are benefiting the most as they see their equity steadily rise. Many more homeowners are considering selling their homes as values are higher than in the past 4.5 years. See our price per square foot chart: Price per Square Foot in Phoenix Area MLS. … (0 comments)
phoenix foreclosures: Phoenix foreclosures exceed 41% of active listings-January 2010
- 01/01/10 12:02 PM
Active Phoenix foreclosures exceeded 41% of all homes for sale to begin January 2010. This information is seen in the orange color on the first chart. I've defined Phoenix foreclosures as both bank owned property and real estate short sales, though;short sales are typically considered to be "pre-foreclosure." This is the first time since April 2009 the percentage has exceeded 40%, as the months of May through December 2009 averaged 38%.
The primary reason for the higher percentage is the increase in bank owned properties, as indicated in blue on the second chart. 5,380 bank owned Phoenix foreclosures mark the … (0 comments)
phoenix foreclosures: Phoenix foreclosures sales % drops to 12 month low in November 2009
- 12/21/09 04:16 PM
The Phoenix foreclosures "sales %" dropped to a 12 month low in November 2009. 60.2% of all residential sales were foreclosure type sales. Phoenix foreclosures are defined as bank owned (REO, or real estate owned) properties and short sales. That chart indicates that 7,586 residential properties were sold in the Phoenix real estate market in November 2009. 3,018 (or 39.8%) were normal sales while 4,568 (60.2%) were Phoenix foreclosures. The last time the percentage was near 60% was last December 2008. The peak in the sale of Phoenix foreclosures was 75.9% in March 2009. They have continued on a slow and … (0 comments)
phoenix foreclosures: Phoenix foreclosures snapshot to begin November 2009
- 11/04/09 05:59 AM
Phoenix Foreclosures Snapshot - November 2009 Phoenix foreclosures comprise 30.8% of all real estate listings in the metropolitan area. Foreclosure listings are comprised of REO property (bank owned) and short sales. REO property used to be the majority of active listings in the foreclosure arena. However, bank owned properties have been on a decline for most of 2009. They are being replaced by short sales because more distressed homeowners are seeing short sales as a better alternative to foreclosure. The chart indicates 12,539 foreclosure listings in the Phoenix real estate market to begin November 2009. Since there are 32,351 total listings … (2 comments)
phoenix foreclosures: September 2009 Phoenix home sales keep pace with August 2009 - foreclosures still dominate
- 10/16/09 03:11 AM
September 2009 Phoenix home sales keep pace with August 2009 - foreclosures still dominate Of the almost 31,000 Phoenix homes for sale, 7,942 homes were sold in the metropolitan Phoenix area in September 2009. That's 97 homes less than the total sold in August. A majority were Phoenix foreclosure type properties. 2009 has been a very good year for homes sales in the Valley of the Sun. At current sales levels, I expect to see approximately 90,000 homes sold in the Phoenix area for 2009, making it the third best sales year for housing in the last decade. As of this … (0 comments)
phoenix foreclosures: Could buying Metro Phoenix foreclosures get easier? 15 day "First Look" program
- 09/23/09 05:48 AM
Could buying Metro Phoenix foreclosures get easier? 15 day "First Look" program My trusted Phoenix area loan officer, Craig Bohall, Academy Mortgage, craig@myazmp.com alerted me to this. Simple answer: HECK YES -- if we could cut out the government's addictive overdosing of regulations that have been piled on like a 7 layer bean dip. But, since that is not going to happen any time soon we can take joy in small victories like this 15 day "First Look" program.
The government-run Fannie Mae has come out recently with a plan to keep investors away from their foreclosures for 15 days … (0 comments)
phoenix foreclosures: Metro Phoenix foreclosures selling 5% above asking price—August 2009
- 09/05/09 11:27 AM
Metro Phoenix foreclosures sold 5% above asking price in August 2009. 5,537 Metro Phoenix foreclosures sold in August 2009 The asking price of those Phoenix foreclosures was an average of $139,547 The average selling price was $146,402 – a 5% increase The reason: the supply of Phoenix foreclosures dwindled by 50% over the last six months. There were almost 22,000 Metro Phoenix foreclosures on the market to begin 2009. There are currently fewer than 12,000 Phoenix foreclosures on the market. However, the demand during the same period (expressed as sales) has remained relatively constant at an average of 6,000 sales per … (1 comments)
phoenix foreclosures: Continued MLS listings decline for September 2009 -- current Phoenix foreclosures and total Phoenix homes for sale
- 09/02/09 02:31 AM
Active MLS listings for Metro Phoenix foreclosures and total Metro Phoenix homes for sale decreased for a ninth consecutive month to begin September 2009. To gain a larger perspective of the total Metro Phoenix homes for sale, you must take note that there were 54,538 total Metro Phoenix homes for sale to begin December of 2008. That's a decrease of almost 24,000 listings. Tomorrow's post will focus more on Metro Phoenix foreclosures. However, the total decrease in listings has been almost equally shared between Metro Phoenix foreclosures and "normal" sales. This huge decrease in listings has changed the face of real … (3 comments)
Phoenix area real estate market conditions, Metro Phoenix homes for sale, Metro Phoenix foreclosures, plus statistics and photos and news.
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The Phoenix Real Estate Market has it's ups and downs, just like any housing market.
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