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A Short Annual Review Of 2011 Greater Phoenix Real Estate Market
Wednesday, January 25th, 2012 at 4:02pm. 459 Views, 1 Comments.
2011 was certainly an interesting year overall, but then again I have yet to see a year that was not. I'm not going to say too much about the year: I'll let the numbers speak below and you can always hit the archives to read the month by month plays.
What is clear is that 2011 was a busy year, especially when you compare it to 2008 when only 58,388 properties sold.
Take a look at how attached properties took off, especially condos and townhomes. Sales went up much more then the market overall: 2011 compared to 2008.
Lender Owned Sales
Bank owned sales were above 2010 levels, but 10K units less then 2009. 2011 was a big year for REO properties mostly because more people had confidence in the future of the economy and real estate values so
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