January marked the 2nd highest sales of 4704 transactions second only to January 2005 with 6589 transactions. In the Phoenix area 46 percent of all the sales in January were lender owned properties, 23.6 percent were short sales and 30.4 percent were regular transactions.
Single family detached homes within the range of price $75k to 125 k appears to be weakening this represents 26.3 percent by unit count which is a significant part of the market. While prices from 150k to 600k appear relatively strong.
Within the month of January there were 6752 notices of foreclosure filed and this represents the lowest monthly total since Nov 2008.
All information was obtained from the Cromford Report and ARMLS
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