Banks’ influence on the market

I pulled together a chart to summarize how many Active Listings out there are owned by, or need approval by, a bank. The numbers may be a surprise, but the distribution isn't; the outlying suburbs (which were investor-driven in 2005) have a significantly higher percentage.

Lender Owned SFR listings

City	Bank Owned	Total Active Listings	Pct
Scottsdale	149	4,061	3.7%
Tempe	22	511	4.3%
Peoria	174	1,626	10.7%
Surprise	225	1,536	14.7%
Phoenix	1,817	10,361	17.5%
Buckeye	199	1,112	17.9%
Maricopa (city)	150	807	18.6%
Maricopa (county)	4,630	37,257	12.4%

Lender Involved SFR listings (short sales included here)

City	Bank Involved	Total Active Listings	Pct
Scottsdale	297	4,061	7.3%
Tempe	55	511	10.8%
Peoria	388	1,626	23.9%
Phoenix	2,933	10,361	28.3%
Buckeye	363	1,112	32.6%
Surprise	519	1,536	33.8%
Maricopa (city)	363	807	45.0%
Maricopa (county)	8,800	37,257	23.6%

Wow – what a difference! In Scottsdale, you'll find a foreclosure in 1 out of 27 Active Listings. In Maricopa (city), you'll find a bank's involvement in 45% of the Active Listings!

Your wishing he had done this post a few months ago so he could compare trends Realtor,

Chris Butterworth

[tags] bank owned, short sale, market statistics [/tags]