Comments on: Phoenix Homes Listing Data: Under $200K

By: A Couple of “Worst of” Lists: Not Where the Phoenix Real Estate Market Wants to Be | The Phoenix Real Estate Guy

Sat, 19 Apr 2008 19:36:29 +0000

[...] course this isn’t cheery news. But if you are a buyer, given the inventory levels in Phoenix, and the historically low mortgage interest rates, it might be a good time to consider [...]

By: The Phoenix Real Est

The Phoenix Real Est — Mon, 03 Mar 2008 07:10:37 +0000

Rob — that is interesting. And I wonder how many are short sales but aren't properly marked as such. I suspect the number is not insignificant.

Jayson — I didn't look at the age of the homes. It would be interesting to do that. I'll see if I can pull that data in the next day or so.

By: Jayson

Jayson — Sun, 02 Mar 2008 21:46:22 +0000

Jay do you have any idea how many of the homes are new builds? Forgive me if this is a dumb question but I'm not too familiar with the MLS. I'd be interested in seeing some numbers from Sept. – Oct. 2005 if you can dig those up.

It's pretty clear where the expensive homes are – I would have guessed 0% for Scottsdale and Ahwatukee; you can probably thank condo conversions for the more affordable home pricing in these areas.

By: Rod Rebello

Rod Rebello — Sat, 01 Mar 2008 22:31:00 +0000

Jay, another interesting fact is that of the 12,000+ under $200K, almost half are indicated as short sales (lender approval required), probably more since many are not properly marked. As you noted in your earlier post, many of those will probably end up as REOs.