Foreclosures in Phoenix-Phoenix Real Estate
June 23rd, 2008 categories: Market Statistics, Phoenix Foreclosures
I get a lot of inquires from buyers looking to purchase Phoenix REO/Foreclosed homes in the Phoenix Real Estate market. I thought it would be interesting to see what the percentage of available listings in the Phoenix Real Estate market that are foreclosures. Here are the numbers in each of the East Valley cities. The data is for single family homes.
| City | Active Listings | REO Listings | % of Market Share |
|---|---|---|---|
| Gilbert | 2281 | 189 | 8.2% |
| Chandler | 2016 | 176 | 8.7% |
| Tempe | 548 | 23 | 4.2% |
| Queen Creek | 1750 | 250 | 14.3% |
| Phoenix | 10608 | 1843 | 17.3% |
| Maricopa | 846 | 151 | 17.8% |
| Mesa | 3440 | 358 | 10.4% |
| Scottsdale | 4164 | 152 | 3.6% |
As you can see- the outer lying areas of Queen Creek and Maricopa have been the hardest hit, but the number of Phoenix foreclosed homes is about the same as Maricopa and Queen Creek. Scottsdale is showing the least amount of foreclosures as you might expect. If you would like more information on homes for sale in the Phoenix area, or Phoenix foreclosures please email me at jamie_geiger@cox.net or call me at 480-216-4849
It’s amazing how many homes are REO. This will probably incease in the next few months as a result of the declining economy; there are sure many people losing jobs.
@Artur-I have heard July will bring the next round of foreclosures-very sad- especially when you meet the real people that are losing their homes, they are not just statistics.
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