Scottsdale home prices are definitely on the rise. If you take a look at the chart below, you’ll see that since October 2011 that Scottsdale is definitely seen an increase in single family home prices. (While this chart showing the three month moving average sales price per square foot says that it’s for the greater [...]
Foreclosure / Short Sale
Here’s a real estate question I get quite often from buyers contemplating buying a lender-owned home, “If I buy a foreclosure in Arizona, do I have to pay back HOA dues?”. While I have an answer for them, I always appreciate having an official response from the Arizona Association or REALTORS® Legal Hotline, that succinctly [...]
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 Sale Snapshot - Click on chart to see a larger view. From my perspective, short sales have gotten easier, overall. Still long, still tedious, still challenging. But, short sale properties are getting multiple offers, and selling. Looking at the latest Cromford Report data from the Phoenix area, focusing just on short sales, it’s encouraging to see [...]
Something very interesting going on here in the Phoenix Metro real estate market. Notice the striking changes in the first three days of July. A spike up in short sales. A slight decrease in normal sales. And a drop in foreclosure sales, too. And when you look at the longer six month view, you see: [...]
 with Foreclosures and Short Sales?)
The number, and percent, of third party purchases at Maricopa County Trustee (foreclosure) sales, held at various location around Phoenix, is on the rise. Third party basically means that the property is not going back to the bank holding the note. After a huge drop off from 82.5% of the purchases being made by third [...]
