Banks have been shifting their focus from Foreclosures to Short Sales, and Scottsdale is not the exception.
Take a quick look here at the number of Active Short Sales on the market (for all housing types, including single family homes, town houses, and condos). The blue bars illustrate the number of Active listings that are short sales, and the orange bars show the number of short sale listings that have contracts accepted by the seller (and are listed in the AWC-Active with contingencies or Pending state).
Data source: Arizona Regional MLS (Click chart to see larger version)
As of yesterday, 11/11/11, there were a grand total of 241 short sale listings in Scottsdale, out of over 25o0 properties listed. Less than 10% of the homes on the market are short sales.
So while, buyers may be shifting their attention from foreclosures to short sales, the lack of actively listed homes for sale is still a gating factor.
And to answer the question, “Where are the short sale listings in Scottsdale?”, most of the active short sale listings are in the North Scottsdale zip code of 85255, with a grand total of 43. The fewest number of shorts sales can be found in North Scottsdale zip 85266, in central Scottsdale 85250, and in South Scottsdale 85257.
To take a look, at the MLS listings for homes for sale that are noted as short sales, click on: Active Scottsdale Short Sale Listings
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