Scottsdale Repo Homes
In 2006 the average prices of homes in the Scottsdale Arizona area were at an all time high of just over four hundred and eighty thousand dollars. Not too bad. Today that same house is likely to be found listed on the market at somewhere around two hundred and ninety eight thousand dollars. That is a three-year loss of about two hundred thousand dollars. The drop in the last year alone has been to the tune of around twenty-four and a half percentage points. That is in one year and it is a lot higher than it is in most parts of the United States of America.
Things in this area are terrible by any standards. The dollar value drop is exceeded by some of the other ritzy areas of the country but these are some of the highest numbers in the state that is only four places from holding the number one spot in the country when it comes to the amount of foreclosures and repossessions that are taking place.
Our 10 Most Recent Scottsdale Repo Homes
- List Type
- State
- City
- Zipcode
- Price
- BDR/BTH
- Details
- Foreclosure
- AZ
- Scottsdale
- 85255
- 267,800.00
- 3 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85251
- 55,000.00
- 1 / 1.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85251
- 355,000.00
- 2 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85254
- 119,900.00
- 2 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85254
- 134,500.00
- 2 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85254
- 214,900.00
- 3 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85254
- 205,000.00
- 3 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85254
- 226,900.00
- 4 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85254
- 274,900.00
- 4 / 2.00
- Details
- Foreclosure
- AZ
- Scottsdale
- 85255
- 157,900.00
- 3 / 2.00
- Details
Click Here to Search All Arizona Repo Homes
In fact according to the RealTrac real estate website, the Scottsdale area is number 25 in the nation when it comes to the bad news that homeowners are getting every day. So that means that according to the statistics there are only 24 cities in the United States that are worse off than the residents in the city of Scottsdale Arizona. These listing numbers are for cities with a population of 200,000 or more.
While statewide one in every 158 homes is in a state of foreclosure or repossession, when it comes to the city of Scottsdale that number is one in 82. While those statistics are bad enough on their own, that pales by comparison when you compare the figures to those in 2008. The change since the first quarter of 2008 has been 84.23 percent and 35.71 percent of an increase wince just the last quarter of 2008.
That would tend to make the person looking at those figures believe that things are getting progressively worse there and that it is happening at an accelerated rate. When you compare the numbers against the national average, one in 159 homes in America is in foreclosure and that is a change of 23.63 percent from the same period in 2008 and 9.4 percent for the fourth quarter of 2008 so you can see that things are a whole lot worse here than the average American city.
