Scottsdale Foreclosures: From Cheap Condos to Mega-Million-Dollar Mansions
Maybe you’ve heard…Scottsdale is on sale. Like lost-our-lease, going-out-of-business sale. From the least expensive “mid-century modern” condos to the most opulent mansions overlooking emerald green golf courses, banks have foreclosed on thousands of properties in all price ranges. And many of these are coming back to market at extremely attractive prices.
Naturally, if you are a buyer, this is very good news. While not all bank-owned properties are steals, many are. Today (1/15/10) the Arizona Regional Multiple Listing Service lists 371 bank-owned foreclosures in Scottsdale.
The lower the listing price, the more competition you may run into. I have first-time homebuyer clients who are routinely competing with 10-15 other offers on $100,000 homes in one of the hottest markets in town, southwest Phoenix.
Chic, modern living at Optima Camelview, adjacent to Scottsdale Fashion Square. Every community has foreclosures, so bargain-hunting buyers can live wherever they want to.
But get back to Scottsdale and shop over $400,000 and that sound you hear, which at first might sound like crickets, is actually the sweet, silent sound of you making an offer, uncontested.
Here are all Scottsdale foreclosures. Currently, approximately half of these listings are under $300,000. Choose your favorite price range:
Scottsdale Real Estate Foreclosure Listings Under $150,000
Scottsdale Real Estate Foreclosure Listings $150,000 to $300,000
Scottsdale Real Estate Foreclosure Listings $300,000 to $500,000
Scottsdale Real Estate Foreclosure Listings $500,000 to $1,000,000
