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Phoenix Scottsdale Arizona Real Estate Blog

Friday, August 10, 2007

Home Bargains Available in Outskirt Areas of Phoenix

If you are looking to move into the Phoenix area and are highly concerned with finding a nice home at a bargain price, you might want to look in one of the areas on the outskirts of Phoenix, such as El Mirage, Buckeye, and Gilbert. There is a rising trend in some of these areas of home owners getting behind on their mortgages and trying to sell before losing their homes. While this trend certainly has its negatives, the fact is that it is a positive for a bargain-seeking home purchaser.

Adding to the downward pressure on home prices in some area is the fact that there are many more homes on the market than there have been in recent years. It's a buyer's market.

A recent article on the Arizona Republic web site pointed out the following facts:
  • During the first half of 2007, 84 homes were foreclosed in Anthem, compared to 3 during the same period in 2006.
  • In Buckeye, there were 245 foreclosures through June of this year, compared to 66 last year.
  • In Avondale, there were 122 foreclosures through June, compared to 5 in 2006.

Choice Group Realty specializes in high-end homes in the Scottsdale area, but these facts point to the fact that if you are a bargain hunter, there are certainly homes on the market in other areas that you may want to take a look at. We can help you find these homes. While we hate to hear about anyone losing their homes, selling and moving on is a better option for these home owners than accepting a foreclosure.

Call Choice Group Realty today and we'll get started working for you!

Labels: Anthem, Arizona, Avondale, Buckeye, home prices, homes for sale, Phoenix, real estate, Scottsdale

posted by Choice Group Realty at 7:43 AM  

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