For real-estate agents, home buyers and especially home sellers, the West Valley is burning up, especially for homes less than $150,000. That heat is strongest in the market for homes of $100,000 to $150,000, forcing new buyers to move to higher ranges.Distressed properties, those houses owned by people facing foreclosure or short sales, still make up the bulk of sales. But ARMLS statistics show they have decreased in metro Phoenix to about 43 percent in May. That's a drop compared with their high-water mark in September 2010, when distressed properties made up 74 percent of homes sold.
By Lisa Borchard Tuesday, April 9, 2013
Author
Lisa Borchard
Lisa is the president and Designated Broker of Real Property Management Phoenix Valley. Her vast experience includes residential lending, residential property management, residential real estate sales and homeowner association management. She employs the same diligence, management and commitment to her client’s investment properties as she does with the residential rental properties that she owns.
Lisa is the president and Designated Broker of Real Property Management Phoenix Valley. Her vast experience includes residential lending, residential property management, residential real estate sales and homeowner association management. She employs the same diligence, management and commitment to her client’s investment properties as she does with the residential rental properties that she owns.