Updated Friday June 22, 2018
For current market insights consult a Realtor who lives and works in the area. Contact Us
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Included are Homes Sales within the past six (6) months (since December 2017)
Summary above is based on information from the Arizona Regional Multiple Listing Service (ARMLS) where cooperating brokers share listing information. Excluded from the data above are home sales not found in ARMLS and sales by brokers who choose not to market their listing(s) on the internet.
All information should be verified by the recipient.
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Here is a list of definitions often used to describe Types of Real Estate Sales.
Resale — This is the traditional method, with no third party involvement. The owner sells the property and pays off any debts secured by the property. Relocation, estate sale, and auctions, which made up a small percentage, are also included in this category.
Short Sale — The "short" in short sale actually refers to the fact that the payoff amount agreed to in the transaction is "shorter" than the mortgage balance on the property. Simply put, there is more owed on the home than it will sell for.
Lender Owned — Lender owned is just what it sounds like. Also called "REO", which means real estate owned, or bank owned.