We’ve all seen the headlines and heard the news about distress sales accounting for 30, 40 & 50% of home sales in Phoenix and elsewhere in Arizona. That may be - in Phoenix and elsewhere in Arizona – but the fact is, they still don’t amount to much in the Foothills.
291 single family homes sold in the foothills in the last 6 months
7 were short sales, 21 were foreclosures. That’s 9.6% of total sales.
And as of a few days ago, there were 26 short sales and 10 foreclosures for sale. That’s out of 455 for sale, or just under 8%.
So if you’re searching for a super deal in a short sale or foreclosure, they are out there, but the pickins are slim and the good foreclosures go fast. While the short sales usually go nowhere fast.
see thefoothillsToday.com
to find your Foothills home
