Lender Owned and Short Sale Market In Phoenix By The Numbers
Posted by Artur Ciesielski on Thursday, April 22nd, 2010 at 3:45pm.The Phoenix housing market has been going through some major changes. One of those trends is the movement away from lender owned properties to short sales and the most recent sales numbers confirm this.
In the last year Phoenix bank owned homes, both active (3,000 units) and sold (2,800 units), have decreased from the previous year while active short sales have increased from 12,100 to 16,400 and solds have increased from 720 to 1,700 in the same period. See an market overview of short sales.
It is quite evident, this trend, not only in the numbers but in the street. You can view past reports on this at the housing section of Phoenix Market Trends with current and historic data, graphs and commentary.
Artur Ciesielski | 602.492.8004
Artur is a Realtor and partner with inPhoenix Realty Group and an aspiring flaneur, currently in Phoenix or elsewhere when time allows, which is rarely. You can find him running up miles on this car, cycling the urban streets, in the office on Central or working at one of the many coffee shops in Central Urban Phoenix.
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