Phoenix Foreclosures have been steadily decreasing, as reported in our Housing Tracker since October 2010, and the news seems to ringing loud and clear in the media. Reports of doom and gloom are a faint memory in people's minds as real estate investors have had to reduce their ROI (return on investment) expectations or find other foreclosure ridden towns.
Home owners are the happiest as they see their equity steadily rise and many are even considering selling as values are higher than they have been in almost 4.5 years. See our price per square foot chart at this page: Price per Square Foot in Phoenix Area MLS. Price per SF has risen to $108 in January 2013, up from $85 last January and $81 in January 2011.
Curious about the current foreclosure inventory? Click on the below link:
SEARCH PHOENIX FORECLOSURES
From the AZ Republic:
For the past five years, Phoenix foreclosures have been one of the most important indicators to track metro Phoenixâs housing market. Not anymore.
Both Phoenix foreclosures and Phoenix