Good bargains are still available, but there is more competition for low-priced housing. The rock-bottom prices ended about a year ago and prices are creeping upwards now.
If you have further questions, feel free to contact me.
Ann Griffin, REALTOR, ABR, E-Pro, SRES
Coldwell Banker Trails and Paths
The banks work through a process to list them, the number of foreclosure notices have been down in the last couple of months which is a good indication that the market will be improving. I've included a link to search bank owned properties that you can use to see what is currently out there.
Keller Williams Realty Sonoran Living
Properties are getting purchased at a faster rate than banks are able to release properties. Properties are no longer sitting on the market for month; therefore, the foreclosure inventories are down. Traditional sales (No banks involved) is about 50% +/- of the market and prices are rising due to low inventory levels.
If you are thinking about buying an investment property, then now is the opportune time to get into the market to start earning some equity and monthly cash flow. I am an investment specialist and I can help you find a property that will provide you with a 15% to 30% leveraged ROI. Please give me a call to discuss some investment properties.
Sean Heideman, Broker