Monday, September 1, 2008

Sunday Stats

photo credit to MiamiAmia,  via StockExchange

Click here to see last week’s stats or click here to see the entire Sunday Stats series.

Here's this week's numbers.


ZIP 85027 continues to be a hot spot for sellers!


Sellers in ZIP 85027 are actually a mini-pocket of "seller's market" in a sea of bad news for sellers throughout the North Phoenix region.


That's largely because much of the inventory of properties for sale in this ZIP code are some sort of distress sale - pre-foreclosure, foreclosure, short sale or outright lender-owned properties.  One-third of the homes for sale in 85027 ZIP are financial distress sales, and 50% of the pending and homes sold in this ZIP in the past 30 days were financial distress situations. (All stats from the Arizona Regional MLS).


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The fine print: I include all property types (homes, patio homes, townhouses, and condos) and I go back in time 30 days).