Bank Home Foreclosures and Short Sales in Phoenix Arizona

This page was last updated on April 8th, 2014 for Bank Home Foreclosures and Short Sales in Metro Phoenix for March 2014.

We report on the 6-10th day of each month to give the MLS sales numbers a chance to “settle.”  There are usually quite a few adjustments at the beginning of each month because of Realtors who initially report erroneous information.

NOTE: These numbers reflect only foreclosures sales and do NOT reflect the total sales. Click on the below link that says “2. Phoenix Homes Sales” to see all home sales.

Be sure not to miss:

  1. Price per square foot in Phoenix
  2. Phoenix Homes Sales
  3. Phoenix MLS Report on active listings
  4. Phoenix Real Estate FAQ
  5. Phoenix Home Prices Year Over Year

Key:

  • “Foreclosure Sales” means only bank owned properties and short sales (not normal sales).
  • “REO Sales” are only bank owned home sales.
  • “REO Sale %” shows bank owned sales expressed as a percentage of total foreclosure sales.
  • “Short Sales” are those in which the bank accepted less than the mortgage amount.
  • “Short Sale %” shows short sales expressed as a percentage of total foreclosure sales.
  • “Cancelled Short Sales” shows the number of short sales that were cancelled during the month, usually because the mortgage holder would not accept the proposed sales price. These properties usually become REO property.
  • “Short Sale Success” = short sales / (short sales + cancelled short sales). This is a ratio of  short sales that successfully close escrow.
Foreclosure Sales — Arizona Regional Multiple Listing Service
Date Foreclosure Sales REO Sales REO Sale % Short Sales Cancelled Short Sales Short Sale Success
Mar-14 767 482 62.8% 285 215 57.0%
Feb-14 758 476 62.8% 282 192 59.5%
Jan-14 796 478 60.1% 318 229 58.1%
Dec-13 1,001 512 51.1% 489 244 66.7%
Nov-13 802 415 51.7% 387 244 61.3%
Oct-13 976 485 49.7% 491 303 61.8%
Sep-13 1,059 520 49.1% 539 243 68.9%
Aug-13 1,473 760 51.6% 713 304 70.1%
Jul-13 1,394 642 46.1% 752 292 72.0%
Jun-13 1,700 722 42.5% 978 303 76.3%
May-13 2,060 941 45.7% 1,119 287 79.6%
Apr-13 2,117 1017 48.0% 1,100 361 75.3%
Mar-13 2,133 952 44.6% 1,181 355 76.9%
Feb-13 2,003 1015 50.7% 988 376 72.4%
Jan-13 1,986 977 49.2% 1,009 531 65.5%
Dec-12 2,648 908 34.3% 1,740 501 77.6%
Nov-12 2,469 921 37.3% 1,548 662 70.0%
Oct-12 2,787 930 33.4% 1,857 674 73.4%
Sep-12 2,556 848 33.2% 1,708 660 72.1%
Aug-12 3,275 1,092 33.3% 2,183 741 74.7%
Jul-12 3,155 1,073 34.0% 2,082 623 77.0%
Jun-12 3,715 1,313 35.3% 2,402 507 82.6%
May-12 3,644 1,482 40.7% 2,162 605 78.1%
Apr-12 3,716 1,614 43.4% 2,102 580 78.4%
Mar-12 4,134 1,937 46.9% 2,197 667 76.7%
Feb-12 3,759 1,728 46.0% 2,031 631 76.3%
Jan-12 3,736 1,847 49.4% 1,889 735 72.0%
Dec-11 4,620 2,210 47.8% 2,410 801 75.1%
Nov-11 4,281 2,214 51.7% 2,067 849 70.9%
Oct-11 4,894 2,762 56.4% 2,132 784 73.1%
Sep-11 5,189 3,088 59.5% 2,101 862 70.9%
Aug-11 5,916 3,740 63.2% 2,176 1,039 67.7%
Jul-11 5,734 3,822 66.7% 1,912 1,032 64.9%
Jun-11 7,318 4,605 62.9% 2,713 1,233 68.8%
May-11 6,489 4,408 67.9% 2,081 1,393 59.9%
Apr-11 6,111 4,326 70.8% 1,785 1,553 53.5%
Mar-11 6,548 4,665 71.2% 1,883 1,989 48.6%
Feb-11 4,877 3,388 69.5% 1,489 1,478 50.2%
Jan-11 4,610 3,141 68.1% 1,469 1,853 44.2%
Dec-10 5,781 4,160 72.0% 1,621 1,463 52.6%
Nov-10 4,320 3,018 69.9% 1,302 1,472 46.9%
Oct-10 4,342 2,990 68.9% 1,352 1,730 43.9%
Sep-10 4,534 2,999 66.1% 1,535 1,999 43.4%
Aug-10 4,713 2,751 58.4% 1,962 2,002 49.5%
Jul-10 4,377 2,729 62.3% 1,648 1,895 46.5%
Jun-10 5,546 3,381 61.0% 2,165 1,821 54.3%
May-10 5,332 3,437 64.5% 1,895 1,515 55.6%
Apr-10 5,481 3,550 64.8% 1,931 1,282 60.1%
Mar-10 5,282 3,586 67.9% 1,696 1,519 52.8%
Feb-10 4,150 2,712 65.3% 1,438 1,167 55.2%
Jan-10 3,777 2,485 65.8% 1,292 1,226 51.3%
Dec-09 5,034 3,302 65.6% 1,732 982 63.8%
Nov-09 4,568 3,071 67.2% 1,497 957 61.0%
Oct-09 5,174 3,621 70.0% 1,553 1,087 58.8%
Sep-09 5,320 3,810 71.6% 1,510 1,020 59.7%
Aug-09 5,473 4,071 74.4% 1,402 1,050 57.2%
Jul-09 6,289 4,854 77.2% 1,435 1,072 57.2%
Jun-09 6,608 5,343 80.9% 1,265 1,154 52.3%
May-09 6,896 5,862 85.0% 1,034 1,118 48.0%
Apr-09 6,402 5,575 87.1% 827 1,141 42.0%
Mar-09 5,783 5,051 87.3% 732 1,221 37.5%
Feb-09 4,096 3,599 87.9% 497 1,236 28.7%
Jan-09 3,540 3,112 87.9% 428 1,143 27.2%
Dec-08 3,431 3,002 87.5% 429
Nov-08 2,288 1,957 85.5% 331
Oct-08 2,706 2,496 92.2% 210
Sep-08 2,908 2,793 96.0% 115
Aug-08 2,754 2,659 96.6% 95
Jul-08 2,557 2,477 96.9% 80
Jun-08 2,174 2,100 96.6% 74
May-08 1,888 1,823 96.6% 65
Apr-08 1,423 1,369 96.2% 54
Mar-08 1,146 1,115 97.3% 31
Feb-08 821 803 97.8% 18
Jan-08 557 551 98.9% 6
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{ 4 comments… read them below or add one }

1 kevin May 18, 2012 at 11:52 am

are you going to update this anymore?

2 Ron Wilczek May 18, 2012 at 3:28 pm

Every month, sometimes sooner and sometimes later :-)

3 kevin September 12, 2013 at 3:16 pm

Hey guys, what are the new numbers? I really like your report and refer it to clients as a resource.

4 Ron Wilczek September 14, 2013 at 11:28 am

Kevin, Thanks for the message. We have been busy with a fix and flip and several listings. The stats were pushed down the priority list. We will work to update them by early next week.

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