There have been many recent reports about the Arizona housing boom of the last decade and the state it has left the market in. In fact, there is undeniable proof now that Arizona built too many houses and now there are not enough people to buy and fill them.
Over the past 10 years, vacant housing grew by 61%, which has now left more than 16% of the state’s houses vacant.
What does this mean for residents of the state, and those looking to invest? There are certainly bargains to be found. Amongst them are our Arizona Foreclosure listings. A popular way to purchase today, foreclosure sales are the unfortunate result of a borrower not being able to make their repayments on the home. This bad news can be good news for buyers, especially in Arizona.
Especially hard hit is the area of Phoenix, however analysts are now saying that properties there are too cheap. The county of Maricopa is the place to look – find out the Maricopa foreclosures here at SWProperty.com. This county comprises of the cities of Avondale, Chandler, El Mirage, Glendale, Goodyear, Litchfield Park, Phoenix, Mesa, Scottsdale, Peoria, Tolleson, Tempe and Surprise along with many smaller towns.
Here at SW Property, we are finding bargains every day in Arizona, primarily through foreclosures and other fantastic property sales.