But if you’re interested here goes,
From April 1, 2010 to August 24, 2010 there were 58 distress sales of single family homes in the Tucson Foothills.
19 short sales & 39 foreclosures
they sold for an average/median of $408,004/$321,500 – in 192 CDOM (cumulative days on market)
During the same period last year there were 50 distress sales;
9 short sales & 41 foreclosures
and they sold at an average/median of $341,747/$327,500 – in 90 CDOM
During the same period this year there were also 50 distress sales (honest);
but this time 19 were short sales & 31 were foreclosures
and they sold at an average/median of $399,302/$308,450 – in 103 CDOM
The biggest change is the number of days on the market from 2010 to now. And I’m guessing that that’s at least partially due to everyone – buyers, sellers, real estate agents and lenders –having become more familiar and comfortable with the idea and process of buying distress properties. And also, of course, the increased availability of credit today.
And if you’re looking for a short sale or foreclosure, the pickins' are slim. There are just 26 for sale in the Foothills today – last June there were 46 – in June 2010 there were 56.
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