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Scottsdale Foreclosures Down Substantially

May 29, 2013 by Carmen Brodeur

The Scottsdale AZ real estate market is beginning to reach levels of normalcy, especially when it comes to foreclosure rates. According to The Cromford Report, the number of pending Scottsdale foreclosures, as well as the current REO inventory, is down significantly from that seen around this time in 2011. At the same time, prices of Scottsdale homes continue to rise as the market makes its recovery.scottsdale Foreclosures Chart

As of this month, Scottsdale foreclosures are down 85-90% from the highs. While these figures are a good sign for the market as a whole, there are a number of implications for homebuyers to consider. As Scottsdale foreclosures dwindle down to more healthy levels, the number of homes on the market shrinks as well. Considering there are very few Scottsdale foreclosures left, this creates a more competitive market and pushes prices upward. Prices are still relatively low; however, a limited inventory and high demand will cause them to climb higher.85255 Foreclosures

The best time to find deals on Scottsdale real estate for sale is now. Visit our Current Market Trends page for more info. Take advantage of the remaining foreclosures, or find your dream home in Scottsdale before prices soar even higher. If you wish to view any homes, I would be happy to schedule a tour with you. You can reach me at (602) 791-0536.

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

Read More...

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Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2022. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Scottsdale Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

Our Office

We are conveniently located in North Scottsdale.

Trillium Properties, LLC
20715 N. Pima Road, Suite 108
Scottsdale AZ 85255
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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