Phoenix Homes- Foreclosure Statistics April 2010
Here are the
latest Maricopa County statistics through April 2010. Properties that
are in Notice of Default have dropped to 51,000 units.
This would be the "Shadow Inventory"
that we have heard everyone talking about. Notices of Default were up to
54,000 units in Maricopa County.
Please
note this means that there will be lots and lots of
Short Sales in the next year. The banks don't seem to be foreclosing on
these
properties.
Here is a recap of the stats :
1. Properties in notice of Default approximately
51,000
2. New Foreclosures in April 2010 approximately
1800
3. Sold at trustee sale to the lender in April
2010 approximately 400
4. Sold at trustee sale to a 3rd party in April
2010 approximately 200
5. Owner to Owner sales total Maricopa County April
2010 approximately 3137
6. Sold from from the lender total Maricopa
County April 2010 Approximately 2104
7. $ Per Sqr. Ft. REO $82.34
8. $ Per Sqr. Ft. Owner to Owner $100.86