Scottsdale and Phoenix Foreclosure Rate Drops

I have written many blog posts about the number of foreclosures in Scottsdale and Phoenix dropping. There are fewer Scottsdale foreclosures for sale than there were last year. Foreclosures in Scottsdale will routinely have multiple bids and ultimately sell for slightly higher than list price.

New data from CoreLogic provides further evidence of support. Phoenix foreclosure rates were down in July, 2011 compared with July, 2010. Phoenix’s foreclosure rate was 3.55 percent in July. This is a decrease of 0.83 percentage points from July 2010, when the rate was 4.38 percent.

When we compare Phoenix with the rest of the nation, Phoenix still has a higher foreclosure rate. The national foreclosure rate was 3.44 percent in July. The national rate represented an increase of 0.24 percentage points from a year earlier.

Call me to arrange a tour of available foreclosures in Scottsdale. I would be happy to show you what is currently available. Call (602) 791-0536 or email Carmen@TopScottsdaleHomes.com

 

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com