Bank Owned Homes for Sale in Queen Creek – Prices up slightly.
The Cromford Report published it’s mid mouth update the other day with no surprises, with REO inventories continuing to decrease and as a result the prices for those bank owned homes is increasing. Short Sale homes for sale in Queen Creek and the surrounding area are increasing in number although the selling prices have decreased.
This summary mirrors pretty closely to what is happening in the Queen Creek, San Tan Valley area where we have seen an incredible volume of distressed sales take place in the past couple or years or so.
In Queen Creek and San Tan Valley, while sales are down slightly from last month, sales are still higher than the same period last year. With inventory levels at a ( sellers market ) low 71 days, and the inventory of bank owned homes for sale in Queen Creek and San Tan Valley representing a smaller percentage of that inventory it is not surprising that according to the Cromford Report sales prices in Queen Creek are up 3.9% compared to last year.
This information is for informational purpose and not intended to be investment advise, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.