Sunday December 12, 2010 the Arizona Daily Star ran a report titled:
Mounting foreclosures strain rural communities across AZ
The table to the right is the breakdown county by county through October 2010.
| County | Oct | YTD |
| Apache | 14 | 65 |
| Cochise | 104 | 728 |
| Gila | 61 | 488 |
| Graham | 23 | NA |
| LaPaz | 13 | 79 |
| Maricopa | 11,683 | 76,029 |
| Navajo | 124 | 829 |
| Pima | 1,614 | 11,594 |
| Pinal | 1,544 | 10,102 |
| Santa Cruz | 67 | 640 |
| Yavapai | 453 | 3,448 |
| Yuma | 197 | 1,541 |
Pima County Perspective
It’s not a pretty picture for the Arizona Real Estate Market.
You might think it is for buyers, but that depends on where they bought. Yes location is still important. In this scenario the location factor is how many other homes in the subdivision or area are in foreclosure or already back on the market as REO properties.
Since Pima County is our main focus it is interesting to note that the 11,594 YTD for Pima is high, but still less than Maricopa County had in the month of October.
As we wrap up 2010 we find the same lump of coal in the real estate market that was there when the year started.
Let’s hope there is more stability in the market (and the financial system) in 2011.
If you want to read the Arizona Daily Star article on the effects foreclosures are having on rural communities you can click the link at the beginning of this post.
