According to the Arizona regional Multiple Listing Service the average price per square a homeowner has been able to sell a property for in the Phoenix Area, so far this month, is up almost $4.54 to $95.15. That is the highest it has been since April of 2011. This reflects all recorded homeowner sales through March 9. The aveage price per square lenders have been selling for is down about $3.00.
Investors from the U.S. and Canada are still converging on the Phoenix Area housing market in record numbers. Although the prices at the trustee auctions are steadily on the rise, the opportunity to buy income properties and gain instant equity is now. There is a spread of roughly 15% between trustee auction prices and Multiple Listing Service closed prices.
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