10 Things You Need to Know About the 3.8 Percent Tax » November 2012.
Archive for November, 2012
Foreclosure Data through the end of September 2012
Posted in Arizona life, foreclosures, real estate information, real estate market conditions, Real estate trends, scottsdale real estate, short sales on November 23, 2012|
1. Active Notices of trustee sale for residential properties as of the end of September 2012 were 11,899 units. Down from last month of 13,066. Down from the all-time high of December ’09 of 47,606.
2. Residential Foreclosures were at their all-time high in March 2010 at 5,451. Residential foreclosures were 1874 last month. This was up by 150 units from September.
3. The residential REO properties are sitting at 5,955 vs. last month of 5,939. Down slightly by 16 units from last month! October of 2011 there were 10,451 REO properties, down 43%! Listed REO properties are approximately 1618 units and pending are 1368. That tells us that there are approximately 2969 properties that are foreclosed but not yet on the market.
4. Short Sales represent approximately 26% of the total sales and REO’s are down to 12.8%. Normal Sales is at the highest point in the last 5 years. They represent 61% of total sales!
Business continues to be strong. We are in a rare opportunity to buy! Interest rates are very low and prices are still low….. But not for long. REO properties seem to be going away as short sales continue to get approved.
October Residential Resale Numbers
Posted in Arizona life, foreclosures, real estate information, real estate market conditions, real estate negotiation, Real estate trends, scottsdale events, scottsdale real estate, service, short sales, Uncategorized, tagged arizona, Arizona life, Arizona real estate, bank owned, Cromford report, Full service Realtor, golf homes, grand canyon, home buying, home selling, homes for sale Arizona, phoenix real estate, real estate, real estate market conditions, real estate news, Real estate offers, real estate trends, Realtor, realty executives, REO, sales data, scottsdale homes, second homes, selling your home, shadow inventory, short sales, susan talarico, traditional sale, vacation homes on November 5, 2012|
October continued the trend where Short Sales are still on average, cheaper per square foot than REO’S in all but 4 cities in Maricopa County for the 4th straight month! The overall market increased in closings with 6,236 in Maricopa County. That’s an increase of about 400 sales. REO properties closed 752 at 12% and Short Sales closed 1,671 at 27% with 3,815 being normal at 61%. Pending Inventory has 1,211 REO’s at 9% and 4,904 Normal at 35% and the slowly dwindling 7,787 Short Sales at 56%. Active inventory continues to increase slightly to 13,693 listings with 1,219 REO’S at 9% and 1025 short sales at 7% and 11,451 normal listings at 83%. That’s another monthly increase of over 1,000 homes for the second straight month!
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