Bank Home Foreclosures and Short Sales in Phoenix Arizona

This page was last updated on April 13, 2012 for Bank Home Foreclosures and Short Sales in Metro Phoenix for March 2012.

We report on the 9-12th 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.

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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	Short sale %	Cancelled Short Sales	Short Sale Success
Mar-12	4,134	1937	46.9%	2197	53.1%	667	76.7%
Feb-12	3,759	1728	46.0%	2031	54.0%	631	76.3%
Jan-12	3,736	1847	49.4%	1889	50.6%	735	72.0%
Dec-11	4,620	2210	47.8%	2410	52.2%	801	75.1%
Nov-11	4,281	2214	51.7%	2067	48.3%	849	70.9%
Oct-11	4,894	2762	56.4%	2132	43.6%	784	73.1%
Sep-11	5,189	3088	59.5%	2101	40.5%	862	70.9%
Aug-11	5,916	3740	63.2%	2176	36.8%	1,039	67.7%
Jul-11	5,734	3822	66.7%	1912	33.3%	1,032	64.9%
Jun-11	7,318	4605	62.9%	2713	37.1%	1,233	68.8%
May-11	6,489	4408	67.9%	2081	32.1%	1,393	59.9%
Apr-11	6,111	4326	70.8%	1785	29.2%	1,553	53.5%
Mar-11	6,548	4665	71.2%	1883	28.8%	1,989	48.6%
Feb-11	4,877	3388	69.5%	1489	30.5%	1,478	50.2%
Jan-11	4,610	3141	68.1%	1469	31.9%	1,853	44.2%
Dec-10	5,781	4160	72.0%	1621	28.0%	1,463	52.6%
Nov-10	4,320	3018	69.9%	1302	30.1%	1,472	46.9%
Oct-10	4,342	2990	68.9%	1352	31.1%	1,730	43.9%
Sep-10	4,534	2999	66.1%	1535	33.9%	1,999	43.4%
Aug-10	4,713	2751	58.4%	1962	41.6%	2,002	49.5%
Jul-10	4,377	2729	62.3%	1648	37.7%	1,895	46.5%
Jun-10	5,546	3381	61.0%	2165	39.0%	1,821	54.3%
May-10	5,332	3,437	64.5%	1,895	35.5%	1,515	55.6%
Apr-10	5,481	3,550	64.8%	1,931	35.2%	1,282	60.1%
Mar-10	5,282	3,586	67.9%	1,696	32.1%	1,519	52.8%
Feb-10	4,150	2,712	65.3%	1,438	34.7%	1,167	55.2%
Jan-10	3,777	2,485	65.8%	1,292	34.2%	1,226	51.3%
Dec-09	5,034	3,302	65.6%	1,732	34.4%	982	63.8%
Nov-09	4,568	3,071	67.2%	1,497	32.8%	957	61.0%
Oct-09	5,174	3,621	70.0%	1,553	30.0%	1,087	58.8%
Sep-09	5,320	3,810	71.6%	1,510	28.4%	1,020	59.7%
Aug-09	5,473	4,071	74.4%	1,402	25.6%	1,050	57.2%
Jul-09	6,289	4,854	77.2%	1,435	22.8%	1,072	57.2%
Jun-09	6,608	5,343	80.9%	1,265	19.1%	1,154	52.3%
May-09	6,896	5,862	85.0%	1,034	15.0%	1,118	48.0%
Apr-09	6,402	5,575	87.1%	827	12.9%	1,141	42.0%
Mar-09	5,783	5,051	87.3%	732	12.7%	1,221	37.5%
Feb-09	4,096	3,599	87.9%	497	12.1%	1,236	28.7%
Jan-09	3,540	3,112	87.9%	428	12.1%	1,143	27.2%
Dec-08	3,431	3,002	87.5%	429	12.5%
Nov-08	2,288	1,957	85.5%	331	14.5%
Oct-08	2,706	2,496	92.2%	210	7.8%
Sep-08	2,908	2,793	96.0%	115	4.0%
Aug-08	2,754	2,659	96.6%	95	3.4%
Jul-08	2,557	2,477	96.9%	80	3.1%
Jun-08	2,174	2,100	96.6%	74	3.4%
May-08	1,888	1,823	96.6%	65	3.4%
Apr-08	1,423	1,369	96.2%	54	3.8%
Mar-08	1,146	1,115	97.3%	31	2.7%
Feb-08	821	803	97.8%	18	2.2%
Jan-08	557	551	98.9%	6	1.1%
Source: ARMLS 4/12/12