Metro Phoenix foreclosure listings have gone down to start May 2009. Metro Phoenix foreclosures are defined as REO property (bank owned) and real estate short sales. Here's a list of cities in the Phoenix area real estate market that have the highest percentage of foreclosure listings:
- 74.4% -- Town of Maricopa (421 Phoenix foreclosures / 566 Phoenix real estate listings)
- 64.4% -- Queen Creek (615 Phoenix forclosures / 955 Phoenix real estate listings)
- 59.0% -- Glendale (757 Phoenix foreclosures / 1,283 Phoenix real estate listings)
- 49.8% -- Phoenix (3,503 Phoenix foreclosures / 7,035 Phoenix real estate listings)
- 48.6% -- Gilbert ( 727 Phoenix foreclosures / 1,496 Phoenix real estate listings)
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