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Debt Relief – Insolvency – Bankruptcy Information » Foreclosure Help » House Foreclosures in Arizona ? November 2009

House Foreclosures in Arizona ? November 2009

Arizona is tied for second to last in terms of fiscal problems by the Pew Center on the States, caused in a large part to a huge state deficit, a drop in tax collections, and most important to everyday people, a higher foreclosure rate.

Arizona had been in a boom mode over the last twenty years, and with the bursting of the housing bubble, the expansion which had been characteristic of Phoenix and nearby Las Vegas has come to a halt.

Record foreclosures in outlying developments and in more developed areas alike are putting a lot of pressure on the Arizona economy and are of course a detriment to the residents of Arizona.

Report of Arizona Foreclosures

Listed below are the hot spots in the Valley of the Sun with at least 1,000 foreclosures, including average foreclosure sale price.

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Compare to Maricopa County and State of Arizona.

State of Arizona - 109,784 Foreclosure Homes | $139,784 Average Foreclosure Sales Price

Maricopa County – 81,141 Foreclosure Homes | $141,229 Average Foreclosure Sales Price

Phoenix – 27,549 Foreclosure Homes | $103,742 Average Foreclosure Sales Price

Mesa – 8,349 Foreclosure Homes | $132,390 Average Foreclosure Sales Price

Gilbert – 4,899 Foreclosure Homes | $197,883 Average Foreclosure Sales Price

Scottsdale – 4,679 Foreclosure Homes | $304,657 Average Foreclosure Sales Price

Queen Creek – 4,012 Foreclosure Homes | $126,236 Average Foreclosure Sales Price

Chandler – 3,790 Foreclosure Homes | $181,668 Average Foreclosure Sales Price

Buckeye – 2,527 Foreclosure Homes | $101,721 Average Foreclosure Sales Price

Tempe – 1,344 Foreclosure Homes | $158,228 Average Foreclosure Sales Price

Litchfield Park – 1,161 Foreclosure Homes | $73,424 Average Foreclosure Sales Price

Figures are as of November 2009.

More information on Arizona Foreclosures.

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