The foreclosure market inventory is slowly shrinking and we have seen some appreciation in home prices in the sub $150k market here in Arizona recently!

Active Notices of default for residential properties as of the end of September ’11 were 22,301 units. Down from last month of 22,733. This is the 10th month in a row that we have seen decreases in the number of Active Notices. Down from the all time high of December ’09 of 47,606.

Foreclosures were at there all time high in March 2010 at 5,451. Residential foreclosures were 2689 last month. This was down 710 units from August.

The residential REO properties are sitting at 13,556 vs. last month of 14,480. Listed properties are approximately 3,053 units and pending plus AWC sales (homes recently under contract with contingencies) are 3412. That tells us that there is approximately 7,091 properties that are foreclosed but not yet on the market. 

Contact me today to discuss the housing market in a particular area of Arizona. It certainly varies by location and price range.

Desert Highlands Homes For Sale

Search homes for sale in Desert Highlands in Scottsdale

Desert Highlands map

Desert Highlands is a beautiful, guard-gated, golf course community located in North Scottsdale, Arizona. It is an exclusive, luxury community in Scottsdale comprised of many gorgeous custom homes with mountain views and Nicklaus golf, fitness club with spa/pool/tennis and more.

See all guard-gated homes in Arizona

Recent home sales in Desert Highlands range in price from $675,000 to $3,800,000 and vary in size from 2989-7447 square feet.

Desert Highlands Golf Course Homes

The average sales price of a home in Desert Highlands today is $1415,769 for a 5241 square foot home.

Let me know how I can help you buy or sell a home in Desert Highlands today.

View in Full ScreenView in Full Screen

View in Full ScreenView in Full Screen

Scottsdale Bank Owned Homes For Sale, Scottsdale Foreclosures

Scottsdale real estate has been active lately with 724 homes sold in the last 30 days alone!

Scottsdale bank owned homes

 All homes for sale in Scottsdale

 Recent home sales in Scottsdale range in price from $23,500 to $5,250,000 and vary in size from 500 to over 11,000 square feet.

The average sales price of a home in Scottsdale today is

$361,254 for a 2325 square foot home!!

It takes 109 days on average to sell a home in  Scottsdale today.

If you are thinking of selling a home in Scottsdale or would like to purchase a home in Scottsdale, please let me know how I can help you.

Arizona Foreclosure Market Update

June 2011 Maricopa County housing foreclosure update

• At the end of May 2011, there were 27,396 Active Default Residential Properties. This is down from the previous month when there were 30,790 Active Default Residential Properties. This is the 6th month in a row that we have seen decreases in the number of Active Defaults! We hit the All-Time high in December of 2009 when there were 47,606 Active Default Residential Properties.

Foreclosures: When the Bank either sells the property at the Trustee Sale (Auction) or takes the property back via Trustee’s Deed.

• Foreclosures hit an All-Time, one-month high in March 2010 with 5,451. Last month, there were 4,212 Foreclosures.

REO Properties: Properties that the bank owns due to lack of sale at the Trustee Sale (Auction).

• There are currently 18,451 Residential REO Properties – vs. last month when there were 19,322. There are approximately 4,053 REO Properties listed in the MLS, with an additional 5,871 REO Properties that are in Pending Status in the MLS. This means that there are approximately 8,527 REO Properties that are Foreclosed on, but have not yet been listed in the MLS.

In today’s mortgage world it has become the norm to see guidelines make it more difficult for buyers to qualify. Today I have some great news that actually makes it easier for people to qualify! A bit of a pendulum swing in the other direction for the mortgage industry if you will.　 There is now an options for buyers with lower creidit scores!

FHA financing for buyers with FICO scores as low as 600 is now available!　 We just received this update and I wanted to share it with you right away.　 FHA financing allows a buyer to purchase a home with a very low down payment – only 3.5%. Mortgage rates for an FHA loan are currently near all time lows!

Please contact me if you have a client that you think may benefit from this program or if we can help with anything else. You may call me at 602.435.2149 or you may also visit my website – www.JeremyHouse.com. 　

Thank you!

Jeremy

PrimeLending, A PlainsCapital Company

Clemente Ranch homes for sale, homes for sale in Clemente Ranch

Clemente Ranch is a wonderful master planned community located in Chandler, Arizona between Alma School and Arizona Avenue and just north of Queen Creek Road.

Clemente Ranch Homes for sale in the MLS

Clemente Ranch real estate has been active lately with 115 homes sold in the last 3 months!

Recent home sales in Clemente Ranch range in price from $122,000 to 370,000 and vary in size from 1233 to 3537 square feet.

The average sales price of a home in Clemente Ranch today is $201,964 for a 1861 square foot home.

It takes 80 days on average to sell a home in Clemente Ranch today.

If you are thinking of selling a home in Clemente Ranch or would like to purchase a home in Clemente Ranch, please let me know how I can help you with your home search.