Bank Home and Short Sale Report

This Bank Home and Short Sale Report was last updated on July 12, 2017 for Metro Phoenix sales in June 2017.

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NOTE: These numbers reflect only foreclosures sales and do NOT reflect the total sales. Click here for those numbers: Phoenix Homes Sales

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Table explanation

MOBILE USERS: Some of our tables are not mobile friendly because of the large quantity of data. If you’re a number cruncher like us you may have to use a desktop computer. The horror, right?

Bank Home and Short Sale Report

Date% of Total SalesForeclosure SalesREO SalesREO Sale %Short SalesShort sale %Cancelled Short SalesShort Sale Success
Jun-172.2%20713364.3%7435.7%3667.3%
May-172.4%23213658.6%9641.4%4369.1%
Apr-172.4%21412257.0%9243.0%4666.7%
Mar-173.4%31617756.0%13944.0%4077.7%
Feb-174.0%25714757.2%11042.8%3277.5%
Jan-173.6%21411955.6%9544.4%4468.3%
Dec-164.2%30115150.2%15049.8%3680.6%
Nov-163.6%25014758.8%10341.2%4868.2%
Oct-163.6%25612649.2%13050.8%4873.0%
Sep-163.7%27814953.6%12946.4%4574.1%
Aug-164.5%35918351.0%17649.0%5576.2%
Jul-163.8%29816856.4%13043.6%4972.6%
Jun-163.5%31317054.3%14345.7%6668.4%
May-163.7%32818456.1%14443.9%5572.4%
Apr-163.9%33120261.0%12939.0%6367.2%
Mar-164.5%38219952.1%18347.9%6374.4%
Feb-166.0%35120558.4%14641.6%8164.3%
Jan-166.3%32819960.7%12939.3%6865.5%
Dec-156.2%41619446.6%22253.4%5679.9%
Nov-155.8%31216552.9%14747.1%6469.7%
Oct-156.3%39722957.7%16842.3%9663.6%
Sep-156.1%42726963.0%15837.0%10360.5%
Aug-156.1%42924757.6%18242.4%8767.7%
Jul-156.3%49927755.5%22244.5%9669.8%
Jun-156.3%54931958.1%23041.9%8772.6%
May-156.0%49626553.4%23146.6%12165.6%
Apr-156.4%53332761.4%20638.6%14359.0%
Mar-157.0%54833561.1%21338.9%11564.9%
Feb-159.7%57034760.9%22339.1%9570.1%
Jan-1510.1%48632166.0%16534.0%10760.7%
Dec-149.6%62234655.6%27644.4%13467.3%
Nov-149.7%48429360.5%19139.5%10863.9%
Oct-149.9%61539163.6%22436.4%16357.9%
Sep-1410.3%64843867.6%21032.4%15058.3%
Aug-1410.1%65543165.8%22434.2%17056.9%
Jul-149.7%66242764.5%23535.5%16259.2%
Jun-1410.0%72746964.5%25835.5%16760.7%
May-1410.6%79152266.0%26934.0%23253.7%
Apr-1410.3%78649262.6%29437.4%19460.2%
Mar-1411.4%76748262.8%28537.2%21557.0%
Feb-1413.7%75847662.8%28237.2%19259.5%
Jan-1416.5%79647860.1%31839.9%22958.1%
Dec-1317.0%1,00151251.1%48948.9%24466.7%
Nov-1315.4%80241551.7%38748.3%24461.3%
Oct-1316.1%97648549.7%49150.3%30361.8%
Sep-1316.7%1,05952049.1%53950.9%24368.9%
Aug-1320.7%1,47376051.6%71348.4%30470.1%
Jul-1319.4%1,39464246.1%75253.9%29272.0%
Jun-1320.8%1,70072242.5%97857.5%30376.3%
May-1321.8%2,06094145.7%1,11954.3%28779.6%
Apr-1324.1%2,117101748.0%1,10052.0%36175.3%
Mar-1326.3%2,13395244.6%1,18155.4%35576.9%
Feb-1330.1%2,003101550.7%98849.3%37672.4%
Jan-1334.0%1,98697749.2%1,00950.8%53165.5%
Dec-1238.1%2,64890834.3%1,74065.7%50177.6%
Nov-1236.1%2,46992137.3%1,54862.7%66270.0%
Oct-1239.3%2,78793033.4%1,85766.6%67473.4%
Sep-1239.5%2,55684833.2%1,70866.8%66072.1%
Aug-1243.2%3,2751,09233.3%2,18366.7%74174.7%
Jul-1243.9%3,1551,07334.0%2,08266.0%62377.0%
Jun-1243.6%3,7151,31335.3%2,40264.7%50782.6%
May-1243.3%3,6441,48240.7%2,16259.3%60578.1%
Apr-1243.9%3,7161,61443.4%2,10256.6%58078.4%
Mar-1246.6%4,1341,93746.9%2,19753.1%66776.7%
Feb-1251.5%3,7591,72846.0%2,03154.0%63176.3%
Jan-1257.8%3,7361,84749.4%1,88950.6%73572.0%
Dec-1159.1%4,6202,21047.8%2,41052.2%80175.1%
Nov-1159.3%4,2812,21451.7%2,06748.3%84970.9%
Oct-1164.3%4,8942,76256.4%2,13243.6%78473.1%
Sep-1164.1%5,1893,08859.5%2,10140.5%86270.9%
Aug-1167.1%5,9163,74063.2%2,17636.8%1,03967.7%
Jul-1167.0%5,7343,82266.7%1,91233.3%1,03264.9%
Jun-1167.4%7,3184,60562.9%2,71337.1%1,23368.8%
May-1165.5%6,4894,40867.9%2,08132.1%1,39359.9%
Apr-1164.4%6,1114,32670.8%1,78529.2%1,55353.5%
Mar-1165.7%6,5484,66571.2%1,88328.8%1,98948.6%
Feb-1167.8%4,8773,38869.5%1,48930.5%1,47850.2%
Jan-1170.1%4,6103,14168.1%1,46931.9%1,85344.2%
Dec-1069.3%5,7814,16072.0%1,62128.0%1,46352.6%
Nov-1064.3%4,3203,01869.9%1,30230.1%1,47246.9%
Oct-1066.3%4,3422,99068.9%1,35231.1%1,73043.9%
Sep-1067.0%4,5342,99966.1%1,53533.9%1,99943.4%
Aug-1066.2%4,7132,75158.4%1,96241.6%2,00249.5%
Jul-1063.0%4,3772,72962.3%1,64837.7%1,89546.5%
Jun-1060.5%5,5463,38161.0%2,16539.0%1,82154.3%
May-1058.6%5,3323,43764.5%1,89535.5%1,51555.6%
Apr-1059.0%5,4813,55064.8%1,93135.2%1,28260.1%
Mar-1059.2%5,2823,58667.9%1,69632.1%1,51952.8%
Feb-1062.8%4,1502,71265.3%1,43834.7%1,16755.2%
Jan-1065.0%3,7772,48565.8%1,29234.2%1,22651.3%
Dec-0965.6%5,0343,30265.6%1,73234.4%98263.8%
Nov-0960.2%4,5683,07167.2%1,49732.8%95761.0%
Oct-0963.5%5,1743,62170.0%1,55330.0%1,08758.8%
Sep-0967.0%5,3203,81071.6%1,51028.4%1,02059.7%
Aug-0968.1%5,4734,07174.4%1,40225.6%1,05057.2%
Jul-0968.9%6,2894,85477.2%1,43522.8%1,07257.2%
Jun-0970.6%6,6085,34380.9%1,26519.1%1,15452.3%
May-0973.9%6,8965,86285.0%1,03415.0%1,11848.0%
Apr-0974.8%6,4025,57587.1%82712.9%1,14142.0%
Mar-0975.9%5,7835,05187.3%73212.7%1,22137.5%
Feb-0974.7%4,0963,59987.9%49712.1%1,23628.7%
Jan-0974.6%3,5403,11287.9%42812.1%1,14327.2%
Dec-0860.9%3,4313,00287.5%42912.5%
Nov-0853.0%2,2881,95785.5%33114.5%
Oct-0851.4%2,7062,49692.2%2107.8%
Sep-0847.4%2,9082,79396.0%1154.0%
Aug-0847.2%2,7542,65996.6%953.4%
Jul-0842.8%2,5572,47796.9%803.1%
Jun-0837.9%2,1742,10096.6%743.4%
May-0833.5%1,8881,82396.6%653.4%
Apr-0829.3%1,4231,36996.2%543.8%
Mar-0826.8%1,1461,11597.3%312.7%
Feb-0823.9%82180397.8%182.2%
Jan-0819.4%55755198.9%61.1%
bank home and short sale reportbank home and short sale report

Table explanationBank Home and Short Sale ReportKey:

  • “% Total Sales” means the percentage of total sales represented by foreclosure type properties
  • “Foreclosure Sales” means a total of bank owned properties and short 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.

This Bank Home and Short Sale Report reports less distressed properties as the housing market improves.Back to  Main Market Conditions

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