What % of List price are homes selling for today? Surprising? I don't think so!!

A recent release of figures from ARMLS (Arizona Regional Multiple Listing Service) will likely surprise you!

Homes across Maricopa County (includes Bank Owned, Short Sales & Traditional Sales) are selling on average for 94-98% of today's value!

Witht the exception of just a few zip codes like (85253 & 85262) that are located in primarily high-end luxury areas...the figures represent actual and accurate statistics on what buyers are purchasing  properties for in today's market!

So those people looking for 'the steal' of the century...get a little real! You are acquiring property in most cases at 50-60% less than the market peak of 2005-2006!

While there are certainly deals that will allow you to do better than the averages...get realistic and look at the numbers!

The banks are not giving anything away...and at sale prices of 94-98% of today's value...why would they?