I’m currently tracking 684 Foreclosures on the East Valley alone. No, that doesn’t include Scottsdale, Queen Creek, or Maricopa. These are foreclosures that are also listed on MLS in Gilbert, Mesa, Tempe, Chandler. I haven’t added up all the non-MLS foreclosures, but I assure you, there’s a ton of them. Do you think there’s any deals out there?
According to Jonathon Dalton, and his data from Arizona Regional MLS, Gilbert, AZ currently has the fastest absorption rate (11.61 Months) compared to other Maricopa County cities. When you look at Chandler, Tempe, and Mesa- there’s no arguing why I focus my investing in the East Valley. Here’s Dalton’s table.
| CITY |
SOLD 11/4/07 - 12/4/07 |
ACTIVE 12/4 |
Absorption Rate as of 12/4/07 |
Change |
Buyer/Seller |
| Ahwatukee |
4 |
74 |
18.50 |
7.93 |
Buyer |
| Anthem |
28 |
611 |
21.82 |
0.55 |
Buyer |
| Avondale |
47 |
1,088 |
23.15 |
2.11 |
Buyer |
| Buckeye |
46 |
1,070 |
23.26 |
5.09 |
Buyer |
| Carefree |
6 |
120 |
20.00 |
-4.20 |
Buyer |
| Cave Creek |
14 |
547 |
39.07 |
7.63 |
Buyer |
| Chandler |
191 |
2,273 |
11.90 |
-1.16 |
Buyer |
| Desert Hills |
4 |
179 |
44.75 |
22.38 |
Buyer |
| El Mirage |
28 |
459 |
16.39 |
-3.91 |
Buyer |
| Fountain Hills |
22 |
486 |
22.09 |
-4.91 |
Buyer |
| Gilbert |
218 |
2,530 |
11.61 |
-1.69 |
Buyer |
| Glendale |
137 |
2,324 |
16.96 |
0.46 |
Buyer |
| Goodyear |
64 |
1,198 |
18.72 |
-4.26 |
Buyer |
| Laveen |
27 |
505 |
18.70 |
-0.80 |
Buyer |
| Litchfield Park |
16 |
508 |
31.75 |
-7.79 |
Buyer |
| Maricopa |
62 |
1,025 |
16.53 |
-0.60 |
Buyer |
| Mesa |
223 |
3,499 |
15.69 |
-0.37 |
Buyer |
| Paradise Valley |
11 |
346 |
31.45 |
3.12 |
Buyer |
| Peoria |
90 |
1,886 |
20.96 |
-0.81 |
Buyer |
| Phoenix |
519 |
9,802 |
18.89 |
-0.59 |
Buyer |
| Queen Creek |
132 |
2,036 |
15.42 |
-0.58 |
Buyer |
| Scottsdale |
172 |
3,910 |
22.73 |
0.39 |
Buyer |
| Sun City |
57 |
647 |
11.35 |
-2.27 |
Buyer |
| Sun City West |
38 |
558 |
14.68 |
-2.16 |
Buyer |
| Surprise |
118 |
2,173 |
18.42 |
-2.19 |
Buyer |
| Tempe |
43 |
534 |
12.42 |
0.44 |
Buyer |
| Tolleson |
34 |
488 |
14.35 |
-2.05 |
Buyer |
| Waddell |
4 |
130 |
32.50 |
-10.83 |
Buyer |
| TOTAL |
2,236 |
39,729 |
17.77 |
-0.71 |
Buyer |