Inventory of “distressed properties” shrinking in Downtown Phoenix

March 4th, 2012 @   -  No Comments

The number of bank owned homes and “short sales” available in most Downtown Phoenix neighborhoods has been consistently shrinking over the last year or so.  The inventory of ‘homes on the market” in general is at a level not seen since the “boom years”.  For those homebuyers or investors still seeking to find a “distressed property”, the area with the highest percentage of them at the moment is the 85006 Zip Code.  As of February 29th, 54% of the active listings in 85006 were either “bank owned or “short sales”.

If you are interested in a distressed property for under $100,000, they can still be found in 85006.

For professional assistance with your property search, send an email to Lyle Plocher at lyleplocher@gmail.com .

 

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