Maricopa - Market Stats - February 2008
Note that this information is outdated.
The Maricopa real estate market for the second consecutive month continues to be dominated by foreclosure sales. Short Sales have also picked up dramatically totally 10% of all MLS sales in Maricopa. Price indicators also are up as demand on foreclosure deals is strong. Lending for investors in particular is more difficult with the tighter lending standards. FHA buyer's on the other hand have very good options with reasonable qualifications. The current activity appears to investor driven with many of the best deals being paid for with Cash. Demand over the past 3-months has been quite strong for Maricopa. Foreclosure activity appears to still have some time to go as more homes are expected to hit the market in the coming months. The good news is that we are seeing improving demand. Multiple offers are once again common on the best deals.
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