Scottsdale, Arizona Foreclosures & Distress Sales
As expected there were no surprises for the month of September. The Sales volume came in as expected while prices remained flat. Sales volume for this year has been running 14% lower than 2013, but the sales volume for this month was only 1% lower than September 2013. Keep in mind there were 21 working days this September compared to 20 working days in September 2013. Discounting the number of working days, the year-over-year sales volumes were very similar.
Distressed Sales for the Arizona Regional MLS stats show that only 9.6% of homes sold are distressed sales. The pending foreclosures are down to only 6,190 homes. That is a 31.5% decrease from last year.
With year-over-year sales volumes for homes sold being in lockstep, we are afforded a clear picture of the year-over-year changes in sales composition. Normal or traditional sales are up, distressed or investor sales are down. – Provided by ARMLS.
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