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Tag Archive: Phoenix REO

Scottsdale Real Estate Meeting Video

by on Jul 23, 2009 | Careers and Training, Real Estate Statistics

Back by popular demand!  Here are some snippets of video that we recorded during Tuesday’s office meeting at the Scottsdale location.  If for some reason they don’t show up – you can view these videos and more at the John Hall & Associates YouTube Channel.

Learn about Vacant Homes in Phoenix.

Learn about what’s happening in the Phoenix marketplace.

Learn about the number of active and pending REO’s.

Learn about buying bank owned homes.

[youtube=http://www.youtube.com/watch?v=H1jFSauZ-1g]

Phoenix Real Estate Market – June 2009

by on Jul 1, 2009 | Real Estate Statistics, REALTOR® Marketing

June’s Initial Numbers

Closed:  9,243 about the same as May 09, +61% June 08. YTD 44,946

Average Sales Price: $171,000 up from $163,500 in 5/09

Median Sales Price: $125,000 up from $119,900 in 5/09

Yikes the ship is turning.

REO’s Closed:  5,247 or 57% of closed.  Pendings are currently 6,068 or 48% of the 12,691 total pendings.

Short Sales: Creeping up with 7,281 Active (23%), +4,500 AWC’s, 2,912 Pending (23%), and 1,325 Closed (14%).

Vacant is still an amazing statistic:
53% of all Actives are Vacant (16,969/31908)
77% of all Pendings are Vacant (9,785/12,691)
82% of all Closed are Vacant (7,544/9243)

Cromford has some new charts that show % of REO’s and Short Sales as Actives, Pendings and Solds. Very distinct trends.

Active REO

Pending REO

Sold REO