Phoenix Foreclosures Continue Steady Climb in May 2008
Pima County Sees Decrease of Over 2 Percent.
Phoenix, AZ, July 01, 2008 --(PR.com)-- Default Research, the premier provider of preforeclosure real estate data in the Phoenix area, is reporting that foreclosure activity rose 4.62 percent in Maricopa County from April 2008 to May 2008. Maricopa had a total of 4,437 unique Notice of Trustee Sales last month and 2.54 percent of households in that area are facing foreclosure.
“Home inventories have been declining over the past twelve months while median home values have declined approximately 16 percent,” said Serdar Bankaci, founder of Default Research. “While Maricopa County continued to struggle last month, Pima County was able to improve their housing situation slightly and had their first decrease in foreclosures since February 2008.”
Pima County saw a decrease of 2.19 percent from April 2008 to May 2008 and saw only 446 unique Notice of Trustee Sales, a decrease of over 3,500 in one month. Also, only 1.05 percent of households in Pima are facing foreclosure. Inside of Maricopa and Pima county, the three hardest hit regions are Phoenix (1632), Mesa (443), and Tucson (401).
“There are literally thousands of deals to choose from in that area,” said Bankaci, who provides the most accurate foreclosure lists in Phoenix region. “The savvy investor is using the Default Research foreclosure information and concentrating on an effective marketing campaign. Our clients know that the key to making money in the preforeclosure market is to get to the properties as early as possible, and you do that with fresh foreclosure lists.”
Below is a unique and accurate local look at how the Default Research foreclosure statistics affect your area:
Maricopa County: The hardest hit cities are Phoenix (1632), Mesa (443), Glendale (310), Gilbert (222), and Surprise (217)
Pima County: The hardest hit cities are Tucson (401), Sahuarita (14), Vail (12), Marana (7), and Green Valley (6)
Default Research is Arizona’s leader in foreclosure research, reporting Notice Trustee Sales days after being recorded. More information about Default Research can be found at its Web site: www.defaultresearch.com. For more detailed Arizona foreclosure statistics listed by county, please visit http://market.defaultresearch.com.
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“Home inventories have been declining over the past twelve months while median home values have declined approximately 16 percent,” said Serdar Bankaci, founder of Default Research. “While Maricopa County continued to struggle last month, Pima County was able to improve their housing situation slightly and had their first decrease in foreclosures since February 2008.”
Pima County saw a decrease of 2.19 percent from April 2008 to May 2008 and saw only 446 unique Notice of Trustee Sales, a decrease of over 3,500 in one month. Also, only 1.05 percent of households in Pima are facing foreclosure. Inside of Maricopa and Pima county, the three hardest hit regions are Phoenix (1632), Mesa (443), and Tucson (401).
“There are literally thousands of deals to choose from in that area,” said Bankaci, who provides the most accurate foreclosure lists in Phoenix region. “The savvy investor is using the Default Research foreclosure information and concentrating on an effective marketing campaign. Our clients know that the key to making money in the preforeclosure market is to get to the properties as early as possible, and you do that with fresh foreclosure lists.”
Below is a unique and accurate local look at how the Default Research foreclosure statistics affect your area:
Maricopa County: The hardest hit cities are Phoenix (1632), Mesa (443), Glendale (310), Gilbert (222), and Surprise (217)
Pima County: The hardest hit cities are Tucson (401), Sahuarita (14), Vail (12), Marana (7), and Green Valley (6)
Default Research is Arizona’s leader in foreclosure research, reporting Notice Trustee Sales days after being recorded. More information about Default Research can be found at its Web site: www.defaultresearch.com. For more detailed Arizona foreclosure statistics listed by county, please visit http://market.defaultresearch.com.
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Contact
Default Research Inc
Josh Chernikoff
888-211-8396 x705
www.defaultresearch.com
Josh Chernikoff
888-211-8396 x705
www.defaultresearch.com
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