Distress Sales and Existing-Home Sales in Flagstaff, Arizona for Oct 2010
As of November 1, 2010, there were 58 closed residential sales in October 2010, in Flagstaff, Arizona. 17% of these sales were Bank Owned Properties and 12% were short sales for a total of 29% of all the sales were distress sales. Compared to the same time last year when there were 97 sales of which 14% were bank owned properties and 2% were short sales for a total of 16% of the sales were Distress Sales. So year over year residential sales fell 51% and yet distress sales increased by almost 100%.
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