Paradise Valley/Scottsdale Realtor Jen Wehner Discusses Luxury Short Sales
Short sales are becoming an increasingly larger portion of the market here in the Scottsdale and Paradise Valley areas, with short sale closings accounting for 21% of all closings in April of 2010, up from 9% in April of last year. In 2010 were 34 successful short sales closed this April with sales prices from $600,000-1.65m. There is a noticeable trend that more luxury homes and real estate are entering the distressed market.