Comments on: Top 10 Most Improved Selling Zip Codes

By: Miami Beach Homes

Miami Beach Homes — Tue, 17 Mar 2009 16:03:27 +0000

Good to see a fellow Florida area on the list. Hopefully these results will spread throughout the state real soon.

By: Real Estate Roundup - Week 11

Real Estate Roundup - Week 11 — Sun, 15 Mar 2009 23:43:25 +0000

[...] Top 10 Most Improved Selling Zip Codes by Tom Royce at The Real Estate Bloggers [...]

By: Arizona agent

Arizona agent — Sun, 15 Mar 2009 07:08:06 +0000

Yes, they are mostly short sales but that’s what has to happen prior to a genuine market recovery. Those stats are typically a couple of months behind current activity, and you can really see an upswing in sales all over the Phoenix metro area.

In the age 55+ areas especially, things are really popping, and the majority of those are NOT short sales. In these cases, it’s usually a situation where the owner passes away, the property is free and clear, and the surviving family is selling. I think it’s called a demographic shift.

By: Chandler Real Estate

Chandler Real Estate — Fri, 13 Mar 2009 05:54:42 +0000

Queen Creek and Maricopa in the Phoenix area represent similar cities and zip codes with an accelerating level of homes under contract. Why? For the reasons you mentioned above – foreclosures and short sales. I wonder if BusinessWeek would recognize these in a new review.

Since the October/November timegrame, we have seen Queen Creek go from 24% of homes under contract to 33% of available homes. Maricopa has gone from 21% to 30% of available homes being under contract.

Thanks for calling out this list.

David Lorti

By: JA Smith

JA Smith — Wed, 11 Mar 2009 22:38:51 +0000

Good information. It’s good to know where the activity is. The reason short sales are selling so well is because that’s the market. Nothing is selling for market value, and a smart investor can pick up properties for unbelievable prices and still flip it at a discount and make a nice profit.