So let’s switch to almost two years later. In August 2012, 1,101 homes classified as foreclosures sold. 2,165 sold as short sales. However, there were only 7,555 total sales, with an average home price of $191,666. So when you think about it, since two years ago, we have increased the number of homes sold, almost cut the number of distressed homes (short sales and foreclosures) sold in half, and the average home price has risen. Just a little different, huh?
All those things look positive, don’t they? Things are changing, and for the good, right? So why are we so on the fence about it?
The truth is, change is all about perception, not reality. Face it…there’s a reason why the phrase “there are lies, damn lies, and statistics” exists. Words and numbers can be spun to fit the situation you are promoting, and people will believe only what they want to believe. However, there is no denying that the Phoenix real estate market has changed since the housing downturn, and we need to be prepared to act with that change. If you want to sell your house – email or call us and we can tell you what the market is like in your area. If you want to buy a house – email or call us, and we can tell you what other buyers are paying for homes like the one you want. But above all… don’t be afraid of the change, because in just one blink – it could have changed again.