Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

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Market Report - Distressed Sales August 2016 ARMLS

 

Permission is granted only to ARMLS® Subscribers for reproduction from 2016 ARMLS® STAT - with attribution to “ARMLS® COPYRIGHT 2016”.

 

Short sales dropped -15.2% year-over-year.

 

Lender owned sales dropped -23.9% year-over -year.

 

Total distressed year-over-year changed to -20.0%.

 

 

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About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with Haven Express @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Executive Officer - Haven Express @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - Haven Express @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
Haven Express
Keller Williams Arizona Realty

Comments

I also just posted something about foreclosures being down. Good for AZ.

Posted by Lyn Sims, Schaumburg IL Real Estate (RE/MAX Suburban) about 3 years ago

Suzanne and Tony, lower distressed sales is certainly good news for the Scotsdale and Phoenix area. I hope the news brings happy Sellers to you!

Posted by Carla Freund, Raleigh - Cary Triangle Real Estate 919-602-8489 (Keller Williams Preferred Realty) about 3 years ago

I believe in San Francisco Bay Area even counting ghettos like Easy Bay, downtown Oakland, the overall default rate was never over 4.5% during the Great Recession. The REO, and terse court sale quickly deplete the inventory, It was dropping quarter to quarter quickly to 2.5% it took about two years to a managible level like < 1%.  That was 2011.  From there prices appreciated 29-35% per year.  Home prices have more than doubled to tripled in most neighborhoods in South Bay from the trough. Having said that there are still people who stopped paying their mortgage from 7-8 years ago and they are still inside. Banks just sell each other bad notes. Often they lost the paperwork.

Posted by Sam Shueh, mba, cdpe, reopro, pe ( (408) 425-1601) about 3 years ago

Heading in the right direction Lyn Sims - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) about 3 years ago

It is indeed Carla Freund - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) about 3 years ago

Always good to hear from you Sam Shueh - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) about 3 years ago

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