Find List of Cheap Houses in Tucson in Foreclosure Listings- By: John Cutts
Prospective home buyers can find a list of cheap houses in Tucson in dependable foreclosure listings. These dependable listings are the ones that are updated and complete and are typically the ones that charge membership fees. They use these fees to pay their professional researchers.
In April, Tucson bank owned homes accounted for over 37 percent of all homes sold, and in the first quarter, almost 4,600 houses in Tucson and in all other parts of Pima County entered foreclosure. This indicates that there are still good opportunities for finding lower-priced distressed homes in Tucson through foreclosures listings.
In April, a total of 1,227 houses in Tucson were sold, up by 4.96 percent from the 1,169 units sold in March, based on sales charts compiled by the Tucson Association of Realtors. The total sales volume was $245.38 million, up by more than 4 percent from $235.8 million in March.
The sales price average was $199,986, slightly down from $211,003 in March. The median was $159,000, up slightly by 0.8 percent from the March median of $157,680. Meanwhile, the average list price was $210,291, down slightly from $211,003 in March. With the average and median prices still low, the opportunities of finding a list of cheap houses in Tucson are still great.
Buyers have a lot of properties to explore as the numbers of new listings and active listings are still relatively high despite the declines. There were 2,236 new listings in April, down by 3 percent from 2,304 in March. A total of 6,603 active listings were posted in April, a still high number despite dropping from 6,799 units in March.
Plenty of bank owned homes in Arizona are also still available for sale, as 5,452 newly-repossessed houses were added in April. Despite the slowdown in new default filings, the still high numbers of completed foreclosures in Tucson and in other parts of Arizona are filling foreclosure listings with list of cheap houses.
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John Cutts has been educated in the finer points of the foreclosure market over 5 years.