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Scottsdale Real Estate Update – November 2011

November 27, 2011 by Carmen Brodeur

Here is my monthly update on the market for Phoenix and Scottsdale real estate:

1. Active Notices of default for residential properties as of the end of October 2011 were 21,903 units. That is down from last month of 22,301. This is the 11th month in a row that we have seen decreases in the number of Residential Active Notices.  This is significantly less than the all time high of Active Notices of Default in December 2009 of 47,606.

2. Foreclosures were at their all time high in March 2010 at 5,451. Residential foreclosures were 2233 last month which is under 50% of the peak. This was down 454 units from September.

3. Residential greater Phoenix and Scottsdale foreclosure properties are sitting at 10,451 vs. last month of 13,556. Down 3015 units from last month! October of 2010 there were 20,821 foreclosure properties. We are currently down 50% for the number of foreclosures on the market! Listed properties are approximately 2,713 units and pending are 3195. That tells us that there are approximately 4,544 properties that are foreclosed but not yet on the market.

Just more indication that the Scottsdale homes market is turning. Please feel free to call me with any questions about Scottsdale real estate. I am here to help.

 

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

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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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