Phoenix Real Estate Foreclosures

One area of the country that has suffered miserably in the housing market median price decline is Phoenix, capital of Arizona and county seat of the nation’s 4th most densely populated county. Maricopa County, with Phoenix not exceptional, has seen median resale home prices plummet from a low of $119,000 in April 2009, only to surge upward slightly in 2010 and wind up back down at an even lower $115,000 by January of this year. Since then, median prices have been fairly stable. However, thousands of North Phoenix real estate foreclosures remain, offering discounted purchases appealing to investors, first-time buyers too.

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