Short Sales and Foreclosures Update

 

Last week I was contacted by a bank to prep and list their foreclosed properties.  It’s been quite a rush of activity to put our team together, and get all work done that is necessary.  For now, it appears that most of the homes I will be listing and selling are located outside of Scottsdale. So far we are seeing homes in the northwest (Surprise and Glendale) and the southwest (Tolleson), with a sprinkling in central Phoenix.  As we are just getting started, I’m sure we will see an expanded view of the valley.

 

If you take a closer look at the Cromford chart of distressed sales above, you will see that the reason that I have probably not seen any Scottsdale foreclosures yet, is that percentage-wise, there are just not as many.  Only Gold Canyon, Paradise Valley, Sun City, Sun City West, Sun Lakes, and Tempe have lower percentages of foreclosures.

 

Since, I’m going to be much more immersed and have a current bird’s eye view of the current foreclosure market, I’ve decided that much of my blogging related to that business activity will be posted on Click2AZ.  I’ll continue to post my insights on the Scottsdale real estate market and other city happenings here, at home in Scottsdale.