Friday, February 3, 2012

Phoenix Foreclosures, Home Prices Both Decline Arizona Corporate ...

According to a study conducted by Arizona State University, Phoenix-area foreclosures declined 16% in 2011, but home prices declined substantially as well. There were 35,855 foreclosures in Phoenix, down from 41,625 in 2010. While that is welcome news, homeowners staying in their homes are continuing to see values decline. The median sales price for a single-family home dipped to $125,000 in 2011, down 10.4% from 2010. The median price for multi-family units also declined more than 10% from 2010.

Source: http://azcorporatelaw.com/real-estate/phoenix-foreclosures-home-prices-both-decline/

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