Jean Wawrzyniak-Fry Realtor® (480) 721-1195

Foreclosures in Phoenix

forclosures

Foreclosures in Phoenix area up slightly. The Phoenix area has seen a slight increase in the number of foreclosures this month. This is not even close to the foreclosure numbers during the bust….the question is will this trend continue?

The number of metro Phoenix houses taken back by lenders rose slightly last month but the overall trend is back to pre-bust levels.

In October, 469 houses were foreclosed on across the Valley, compared with 405 in September, according to The Information Market, a real estate research firm owned by the Arizona Regional Multiple Listing Service.

Metro Phoenix’s foreclosure crisis has been over for more than a year, and housing analysts don’t expect another anytime soon.

Here’s a rundown of the number of foreclosures in the Phoenix area over the past decade, according to The Information Market:

October 2014: 468

October 2013: 664

October 2012: 1,858

October 2011: 2,200

October 2010: 3,985

October 2009: 4,424

October 2008: 4,279

October 2007: 1,294

October 2006: 110

October 2005: 35

Are you interested in  Bank owned properties in Mesa……click here

Submit a Comment

Your email address will not be published. Required fields are marked *