LARGE NUMBER OF VACANT HOMES FOR SALE of Vacant Homes

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LARGE NUMBER OF VACANT HOMES FOR SALE of Vacant Homes Powered By Docstoc
					      LARGE NUMBER OF VACANT HOMES FOR SALE!
                                           # of Vacant                  Total # of                % of Homes for
                                          Homes on the                Homes on the                 Sale that are
                                             Market                      Market                      Vacant
               Gilbert                           1,076                       2,729                       39%
               Chandler                          1,084                       2,710                       40%
               Queen Creek                       1,062                       2,118                       50%
               Mesa                              1,900                       4,484                       42%
               Laveen                             247                         543                        45%
               Scottsdale                        2,178                       5,007                       43%
               Total MLS                        24,875                      53,965                       46%


  Why is this a concern?
  These households may find it difficult to carry the financial burden of a vacant
  home on top of regular household expenses. Those unable to carry the expense
  may get into a foreclosure situation or become so eager to be released from the
  burden that they drastically reduce their price to get the home sold!

Data Source: Arizona Regional MLS as of 7/11/2007. Vacant homes are those listed as vacant in the MLS.
Data Prepared by Aimee Burrell, GRI Re/Max Power Realty (480) 216-2644