Top Ten Phoenix Cities for Foreclosures.
With all the talk about home foreclosures, I was wonder where in the valley this was happening. Is it happening in South Scottsdale or is it isolated to certain parts of the valley. 
In looking at data, in the MLS, it looks like Scottsdale and South Scottsdale has very little foreclosure activity. For all of Scottsdale the total number of homes being sold as, Foreclosure, Pre-foreclosure, or Bank owned property, is 12. In South Scottsdale, 85251 (2), 85257 (1), 85250 (0), 85258 (1). Not much activity, when you figure that there are 457 total homes being sold under a Foreclosure, Pre-foreclosure, or Bank owned property situation in all of the valley. Most of the areas that are seeing foreclosure activity, are in the outlying cities of the valley.
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Data comes from the Arizona multiple listing service and the date was compiled on 5/18/2007. Distressed properties are any properties being sold (bank owned, REO, Preforeclosure, Foreclosure, Short Sale, Fixer Upper)
Here is a recent article in the AZ Republic that echos some of the same finding about Foreclosures in the Real Estate market.
