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Foreclosure activity booming this week |
| Thirty nine foreclosed or short sale homes came on the market last week, way up from last week's 18. They made up about one in every 3 homes being listed in the Prescott Arizona Area MLS system. This is a marked increase and a one week high for distressed listings in the Prescott area. Could some of the phantom inventory being coming on the market?
See this post: Banks to unleash a phantom inventory of foreclosures say some There were also 87 traditional listings that came on the market last week at an average of $177 per square foot. Compare that to the $104 per square foot average for the homes below. Which ones do you think will sell faster? Short Sales: 9/39 are short sale listings (see yellow highlight). Short sales are becoming easier to deal with with some banks. I actually got through to a Citibank loan rep on 1 ring yesterday dealing with a short sale and they were very friendly too! If this is indeed a trend it could mean some better news for sellers and buyers alike who have been suffering from pathetic service from banks servicing short sales. Thinking about a short sale? Read these tips to make it go as quickly as possible: |
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Foreclosure/REO/bank-owned or short sale? To get more information about any of these listings or any others in Prescott, Prescott Valley, |
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Find Foreclosures Nationwide! Use Nation's #1 Source That Successful Investors Use! |
Featured Listing: SHORT SALE
9301 E Cholla Lane
$147,500
Listing Courtesy of PATRICK SCHUTTE, RE/MAX MOUNTAIN PROPERTIES
Prescott, AZ, REALTOR focused on the foreclosure markets in Prescott, Prescott Valley, Chino Valley, and Dewey-Humboldt in Northern Arizona.
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