The overall situation of Arizona bankruptcy house sales in 2011

The overall situation of Arizona bankruptcy house sales in 2011 A new analysis shows that more than 42 percent of Arizona home sales in 2011 were bankruptcies...

More than 42 percent of Arizona home sales in 2011 were bankruptcies, a new analysis shows. That number is up 12 percent from 2010 but down slightly from the 2009 number. A report released Thursday by a bankrupt home sales tracking company showed that in the last three months of 2011, the proportion of bankrupt home sales dropped to 38% of sales. Last year, bankruptcy and short-sale home sales averaged 27% below normal sales prices. The average sales price is around $122,400. Throughout 2011, 84,698 homes were sold at a loss across the state, and more than 60,000 people were bankrupt or in the process of bankruptcy. For more information about real estate, please contact Tinna from Goldtrust Realty Company Tel: (480)287-0180 E-mail: goldtrustrealty2010@gmail.com