Number Of Available Foreclosures In Arizona Falling.
I came across an interesting article in the local Arizona Republic this morning noting that foreclosures in Arizona and specifically the number of foreclosed homes in Scottsdale are dropping.
According to Catherine Reagor “new Phoenix foreclosure filings have been dropping during the past few months, a good sign that fewer people are losing their homes or opting to walk away.”
What does this mean to you as a buyer? It means it’s time to step up to the plate and buy!
Without the steady stream of pre-foreclosures and foreclosures coming onto the market, prices are sure to slowly rise as the market begins to stabilize. There are still some wonderful real estate buys out there, but nothing beats the price of a foreclosure.
We’re now seeing multiple offers on many of the best priced foreclosures in Scottsdale and the Phoenix area; meaning buyers are beginning to realize we are hitting bottom and they don’t want to be left behind. Prices have fallen back to where they were before the real estate boom that began in 2004 and we are seeing homes sell for close to what they sold for 10 years ago. But these prices will not last!
If you’ve looked at the stock market lately and kicked yourself for not jumping back in, a few years ago, when the market was at its bottom, you don’t want to have the same regret when it comes to real estate and missing out on the dwindling Arizona foreclosures and opportunities.
In my opinion, it’s time to seriously consider one of the current foreclosures for sale in Arizona !!
