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Lender Owned Properties (REO) This tenth issue brought to you courtesy of Maracay Homes
This is the tenth installment of coverage of the Lender Owned Property (REO) market by Ultimate Information Systems, Inc. (UIS). This tenth edition is brought to you courtesy of Maracay Homes. After the initial articles, this information will be provided on an ongoing basis in the In-Depth Analysis Newsletter. See how to receive $60 subscription for FREE, courtesy of Maracay Homes.
Of the monthly sales reported in Maricopa County, what percentage can be attributed to REO properties? The two graphs below are based upon ARMLS sales data for February 2009. Of the single family detached resale home sales reported through ARMLS for the month of February 2009, 68% of the listings were noted as "Lender Owned," the same as last month.    The graph below shows the percentage of REO sales over the past two years. In September 2007, that number was less than 10% of total sales, and you can see the steady climb of REO sales from that point. January saw the biggest jump in the REO sales percentage as it rose from 56% in December to 68% in January. The February percentage remained the same as January.  The proportion of REO sales varies substantially by city, and we'll take a closer look at that in a later article. REO vs. Non-REO Sales by City Click Here to Contact Bob Yarrow to Be Added to the REO Mailing List Copyright© 2008 - This information is compiled and written by Ultimate Information Systems, Inc. Use of this article, in part or in its entirety, is expressly prohibited without written permission.  Click here to request limited rights to reuse this information. Source: AZ Regional Multiple Listing Service website. Information included here is deemed reliable, but not guaranteed.