Steve Horn Squad Thriving In Short Sale Market

Steve Horn with Short Sales Done Easy brings you a new episode of Mad statistics Monday. If your short sale specialist doesn’t know his statistics, find a new specialist.

I’d like to cover all of the critical statistics that you have to recognize to keep you up to date with this distressed market that we are in today. We are seeing a great amount of depreciation. The market continues to go down as we see greater and more foreclosures being released. It is not appealing, but it is the reality of the circumstances.

When I sit down with your comps, I will give you the reality roughly what the statistics are and what we are looking at in the future with any signal of appreciations. Right now, there merely is not any sign of that occuring.

today that I have given you the terrible reports, lets look at the statistics. We are all in the identical state of affairs. So, if any of my clients are watching out there today, we will be doing a price reduction on your listing today. If we do not have an offer on your home today, we need to get an offer to begin the process. Sadly, that means that we need to lower prices.

It is very remarkable what we see when we glimpse at the existing statistics. Active properties on the market are at approximately 37,000. A month ago, that number was roughly 33,000. We have seen a huge increase in listings. The number of pending sales are currently at approximately 16,000. Compare that to last month with about 17,000 pending sales. So, the figure of houses being sold is also declining. greater homes on the market with less residence sales is not a good sign.

There are basically three diverse types of listings on the market today, the foreclosure, the short sale, and the regular listing. Current foreclosures on the market are about 7,000. Regular listings account for approximately 18,000 and short sale listings are numbered at roughly 10,000. So, we have seen an increase in foreclosures, an increase in short sales and a fairly unchanged number of regular listings.

When we look at the figure of homes that have closed in the Phoenix market the statistics are down. Nevertheless, on the Steve Horn group we are keeping well above the regional average of closing sales in this distressed market. This is just one of the numerous reasons that we are Phoenix Short Sale Specialists.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona