Tucson real estate : Foreclosure notices fell 19% in Pima County compared to 2010. In 2011, 9,433 foreclosure notices were filed, down from 11,663 in 2010. Additionally, in December 2011 636 foreclosure notices were filed, down 27% from December 2010.
While the decline of foreclosures will benifit the housing market, other factors will continue to keep housing prices low in Pima County over the next few years. This includes a projected increase in homes for sale by property owners who have been waiting for a recovery in the housing market. Additionally, lenders have a large inventory of foreclosure properties they have yet to place on the market for sale.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales. Contact Lisa for all your Tucson real estate needs.