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Distressed Property Reports

Overall the percentage of distressed sales through out Maricopa County is down by 45.7% from last year. Short sales are down 55% from last year and lender ROI sales are down 26%.  There are however still some areas such as Goodyear, Buckeye, Maricopa and Queen Creek that still have their share of distressed property.  For example, zip code 85338 in Goodyear in August 2013 had 25% of its’ sales from distressed properties and close by neighboring 85326 in Buckeye saw 24% of its’ sales from distressed properties. This means that if you are a property owner in these areas you may want to consider property management and retaining your home as a rental for a few more years to see if the market continues to rebound.  Many cities in the East Valley of Maricopa County are also still seeing decent numbers of distressed sales.  In 85138 (Maricopa), distressed sales accounted for 21% of the sales in August and close by San Tan Valley and Queen Creek saw similar high numbers.