Real Estate Pro Articles

Mesa Bank Owned Homes for Sale Most Affordable in Area

[Valid RSS feed]  Category Rss Feed -
By : Allana Castro    99 or more times read
Mesa bank owned homes for sale are currently the most affordable in an area of seven cities in Arizona that includes Tempe, Gilbert, Scottsdale, Chandler, Higley and Paradise Valley. Mesa is situated about 20 miles east of Phoenix and is part of the eastern section of the Phoenix metropolitan area.

The median price for all homes sold in May was $130,000, based on sales figures from a major real estate firm. It was the lowest price median compared to the median in six neighboring cities. The next lowest prices were posted by Higley, which was $137,714; Tempe, which was $157,662; Chandler, which was $185,876; and Gilbert, which was $190,000.

Paradise Valley posted the highest median, which was $981,359, and Scottsdale posted the second-highest, which was $285,000. The median price in Phoenix was $106,000.

There are currently 6,382 units of Mesa bank owned homes for sale in the listings of a major real estate firm, in addition to 3,337 nondistressed pre-owned homes for sale. Among these bank owned foreclosures are a 1,324-square-foot two-bathroom single-family home priced at $228,189; a 1,845-square-foot single-family house priced at $120,600; and a four-bathroom 3,699-square-foot condo priced at $381,138. The lowest foreclosure price unit on the list is $10,000 and the highest foreclosure price is $999,950.

In a foreclosure sales report released recently, the average price discount for all sales of distressed houses and bank owned homes in Arizona for the period from January to March was $138,021, almost 25 percent lower than the average price for nondistressed properties. It was also lower by 25 percent than the nationwide average price of $171,971.

For bank owned homes sold statewide, the average sales price discount was 29.5 percent and for pre-foreclosure homes, the average price discount was 18 percent. Currently, there are still plenty of Mesa bank owned homes for sale that are being sold at substantial discounts.
Original Post: Mesa Bank Owned Homes for Sale Most Affordable in Area on

Related Articles

Print This Article
Add To Favorites




© All rights reserved to Real Estate Pro Articles