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Update on Scottsdale Foreclosures

November 2, 2011 by Carmen Brodeur

New data has just been released regarding Phoenix and Scottsdale foreclosures:scottsdale homes for sale

1. Active Notices of default for residential properties as of the end of September ’11 were 22,301 units. Down from last month of 22,733. This is the 10th month in a row that we have seen decreases in the number of Active Notices.  Down from the all time high of December ’09 of 47,606.

2. Foreclosures were at there all time high in March 2010 at 5,451. Residential foreclosures were 2689 last month. This was down 710 units from August.

3. The residential REO properties are sitting at 13,556 vs. last month of 14,480. Listed properties are approximately 3,053 units and pending pluse AWC sales are 3412. That tells us that there is approximately 7,091 properties that are foreclosed but not yet on the market.

The Scottsdale real estate market is turning into more of a Seller’s market than a buyer’s market. If you are considering purchasing a home in Scottsdale, act fast before the prices reverse.

 

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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