This quick video explores the Scottsdale homes for sale market situation.
Scottsdale homes for sale that are bank-owned homes (also called REOs and foreclosures) and short sales have fallen by TWO-THIRDS in the last year!
These Scottsdale foreclosures/REOs/bank-owned homes were the major driver of falling prices in Scottsdale during the real estate bust. Now that the supply of those homes has fallen dramatically, home prices in Scottsdale have stabilized and may begin to increase.