Call Today!

Toll Free: 888.464.9958
Local: 480.630.3864

42% of Arizona home sales are distressed properties.

42% of Arizona home sales are distressed properties.

42% of Arizona home sales are distressed properties.*

A new analysis shows that more than 42 percent of all Arizona home sales last year were either foreclosures or in some stage of foreclosure.

That's an increase of 12 percent from 2010 but a slight drop from the number in 2009.

The report released Thursday by foreclosure tracking firm RealtyTrac shows the percentage of distressed sales in the last three months of 2011 dropped to 38 percent of all sales.

The average foreclosure or short-sale home sold at a discount of nearly 27 percent from a regular sale last year. The average sales price was about $122,400.

For the entire year, 84,698 distressed homes were sold in the state. More than 60,000 were actual foreclosures and the rest were in some stage of the foreclosure process.

SOURCE: AZ Central

Categories