House prices in the Phoenix area have increased, and detached houses are still lower than the same period last year

House prices in the Phoenix area have increased, and detached houses are still lower than the same period last year. Sales of bankrupt houses in the Phoenix area fell sharply in September. Arizona State University (…

Phoenix area home prices have increased, single-family homes are still lower than the same period last year. Real estate bankruptcy sales in the Phoenix area fell sharply in September. Arizona State University (ASU) Carey Business School did a study on this. The nearly 8,000 sales in September were down from about 9,250 in August, and were slightly larger than the sales in September 2010. " A careful study of the data in September and August shows that 43% of the decline in sales is due to the decrease in the number of bankrupt homes," said Professor Jebat of ASU. These data also show that under the circumstances of economic and housing market uncertainty, the normal sales housing market is still weak. At the same time, the transaction market shows that investors have become the main buyers, rather than owner-occupiers and first-time home buyers, or people who are upgrading their homes. The average price of a detached house was $125,000 in September and $120,000 in August. The price has increased but is still lower than last year's $135,000. The average price of an apartment has also increased, which is $76,700 this year, an increase of $1,200 from the same period last year. The increase in prices is still related to the decrease in the number of bankrupt houses. There were 555 bankrupt houses in September last year, and there are only 325 on the market. For more real estate questions, please contact Tinna 480-287-0180 E-mail: goldtrustrealty2010@gmail.com