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Last year there were 41 condos and townhomes sold in Pinetop-Lakeside, for a total of $5.29M. This compares to 45 sold in 2010 for a total of $7.35M. Sales prices were down 28% in 2011 compared to 2010. Property values also declined sharply in 2011. The
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The following article was published in RealtyTrac's July 2011 Foreclosure Market Trends Report 1.17 Million Homes Receive Foreclosure Notice During First Six Months of the Year Second Quarter Numbers Lowest Since Fourth Quarter of 2007 IRVINE , Calif.
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Although our market isn’t as bad as the Phoenix area, of all the homes sold in Navajo and Apache Counties in 2010, 47% were foreclosed properties or short sales. These “distressed” sales have had a major impact on property values. Year-to-date
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The following article was published in RealtyTrac's April 2011 Foreclosure Market Trends Report Processing Delays Drop Foreclosure Activity to Lowest Total Since Q1 2008 March Default Notices and Bank Repossessions Rebound From Three-Year Lows IRVINE,
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The following was reported by The New York Times, March 3, 2011: A Plan to Phase Out Fannie Mae and Freddie Mac A PROPOSAL to phase out Fannie Mae and Freddie Mac, the government-controlled enterprises that for decades have underpinned the American housing
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As Reported in ForeclosureRadar's "The Foreclosure Report" January 2011 Foreclosure sales bounced back to levels not seen since robo-signing moratoriums went into effect last fall. With significant increases in Arizona, California, Nevada,
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By Hubble Smith LAS VEGAS REVIEW-JOURNAL Posted: Jan. 27, 2011 | 1:12 p.m. Nevada saw a 19 percent decrease in foreclosure starts in 2010 -- the first drop in four years -- as more short sales and loan modifications were approved, an annual summary from
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The following article was reported by RealtyTrac in February 2011: Record 2.9 Million U.S. Properties Receive Foreclosure Filings in 2010 Despite 30-Month Low in December Florida Foreclosure Activity Drops 22 Percent in December, but Bank Repossessions
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The following was reported in ForeclosureRadar.com's monthly report : The headline foreclosure news in October was the suspension of foreclosures by a handful of lenders, after certain procedures were called into question. While the announcements
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There have been 24 condos and townhomes sold in Pinetop and Lakeside in 2010. This compares to 23 sales during the same period last year. The average price of the homes sold in 2010 was $172,775, compared to $203,180 in 2009. This is a drop of 15% since
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The following was reported in the September 2010 edition of RealtyTrac's Foreclosure Market Trends Report: Banks Delay Foreclosures and Pray Property Values Increase By Peter G. Miller You've probably heard that the nation's banks had a $21.6
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The following was reported in the September 2010 edition of RealtyTrac's Foreclosure Market Trends Report: Bank Repossessions Hit Record High for Third Time in Last Five Months IRVINE , Calif. – Sep. 16, 2010 — RealtyTrac® (realtytrac.com),
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So far, in 2010 there have been 179 homes sold in the Pinetop, Lakeside and Show Low areas with a median sales price of 164,500. During the same period last year there were only 117 homes sold and the median sales price was $164,500. This is a 14.8% decline
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About one-half of all the homes sole in Pinetop, Lakeside and Show Low over the last six months were either bank owned or short sales. The large percentage of foreclosures has caused a large drop in property values. When a bank forecloses on a home they
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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,
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