In February, there were 4,797 closed sales on single-family detached homes in Maricopa County, down from last year’s 5,255 for the month.
- 487 of the sales – barely 10 percent – were bank owned homes. Last year, 1,140 homes – 22 percent – were sales of foreclosures.
- 125 were HUD homes (FHA loans since foreclosed), last year there were 114
- 793 – 16 percent and change – were short sales. Last year? 1,539, or 29.2 percent
Put it all together, and this year only about 25 percent of the sales listed in the Arizona Regional MLS were distressed sales compared to more than half a year ago.
Now for the broken record portion of the show … if you want to sell and move into something bigger, or if you need to sell, this is an excellent time to get your home on the market while inventory remains ludicrously low.
Call, e-mail or text me today to get started.