The number of residential foreclosures and short sales continues to drop in Arizona. In May, 19.6% of homes sold in Tucson were in those categories, according to RealtyTrac. Last year, that figure was 29.3 percent. The city ranks 24th in the country for the highest percentage of distressed home sales. A year ago, Tucson ranked 10th. Statewide, 21.4 percent of all homes sold in May were distressed, the third highest percentage among states. That number dropped from 24.4 percent last year.
There are currently 2,591 properties in Tucson, AZ that are in some stage of foreclosure (default, auction or bank owned) according to RealtyTrac while the number of homes listed for sale on RealtyTrac is 2,555.
In May, the number of properties that received a foreclosure filing in Tucson, AZ was 23% lower than the previous month and 55% lower than the same time last year.
Home sales for April 2014 were up 38% compared with the previous month, and down 4% compared with a year ago. The median sales price of a non-distressed home was $155,000. The median sales price of a foreclosure home was $110,000, or 29% lower than non-distressed home sales.
Foreclosure Discount in median sale price is $45,000 ( 29.0% ) 10.4% ( $5,200 ) vs April 2013