Pinetop Real Estate News Blog

Over One-Half of the Home Sales in 2010 in Pinetop, Lakeside and Show Low Have Been Foreclosed Homes or Short Sales

There have been 42 homes sold in Pinetop, Lakeside, and Show Low so far in 2010. 21 of these sales were REO (foreclosed or bank owned) properties and 4 of them were short sales. The high percentage of distressed sales is driving property values down, Read More...

Posted Friday, February 26, 2010 3:48 PM by Tom & Debbie Clancy | 0 Comments

Treasury Sets Guidance to Simplify "Short Sales"

NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed " short sales " of homes and other loan modification alternatives to stem a rising tide of foreclosures. The Home Affordable Read More...

Posted Wednesday, December 02, 2009 11:28 AM by Tom & Debbie Clancy | 0 Comments

Home Sales Down 23% in First Three Quarters of 2009 in Pinetop-Lakeside and Show Low Areas - Median Price Down 27%

During the first three quarters of 2009 homes sales in the Pinetop-Lakeside and Show Low areas dropped 23% compared to the same period last year, and the median price of the homes sold was down 27%. Here is a breakdown by area: TOTAL SALES Pinetop Country Read More...

Posted Sunday, October 04, 2009 10:39 AM by Tom & Debbie Clancy | 0 Comments

Another Development in Show Low in Foreclosure

RealtyTrac reports that Mountain's Meadow LLC and Pineview Properties LLC has received Notice of Trustee Sale. They are the owners of record for Mountain's Meadow in Show Low, which is located behind Walgreens, and is marketed as a gated, Active Read More...

Posted Monday, August 31, 2009 2:07 PM by Tom & Debbie Clancy | 0 Comments

Large Inventory of Existing Homes and Little Demand Make This a Very Strong Buyers' Market

Rate of Absorption is one method of analyzing the real estate market, and estimates how long it will take to sell the current inventory of homes on the market based on the rate of recent sales. All this is, is the number of homes on the market divided Read More...

Posted Friday, August 21, 2009 1:58 PM by Tom & Debbie Clancy | 0 Comments

Foreclosure Filings Increase

According to RealyTrac’s U.S. Foreclosure Marketing Report, foreclosure activity in Arizona rose 31% in May compared to May 2008. In Navajo County foreclosure filings were up over 177% compared to a year ago. RealtyTrac also shows an increase in Read More...

Posted Sunday, August 02, 2009 2:44 PM by Tom & Debbie Clancy | 0 Comments

Two Developments in Show Low are in Foreclosure

According to RealtyTrac Foreclosure Reports Torreon Meadows (north of Torreon off of Hwy 60) and Bison Crossing (off Old Linden Rd. across from Needles Creek) have received Notice of Trustee Sale. Torreon Meadows consists of two parcel owned by GW Investors Read More...

Posted Thursday, July 30, 2009 3:55 PM by Tom & Debbie Clancy | 0 Comments

A Look at the Vacation Home Market

Sales of vacation homes dropped 30.8% across the country last year according to the 2008 National Association of REALTORS @ Investment and Vacation Homes Survey. This compares to only a 13.2% drop in sales for primary residences. Second homes (including Read More...

Posted Sunday, July 26, 2009 12:56 PM by Tom & Debbie Clancy | 0 Comments