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05-08-2008, 02:00 PM
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How's the Surprise market doing?
Our renters, who signed a year lease, want out due to a sudden financial crisis. We left in January and haven't been keeping up with the market since. Have things started to move at all with the summer here? We're thinking of just listing for what we owe + realtor fees (we put 20% down); are homes still selling if prices are slashed?
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05-08-2008, 11:53 PM
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I've been watching Surprise nearly daily for a month. My "opinion" is that it is ready for another big drop. I'd list now because I could easily see a 15% drop by December. Some of the 4 bedroom REOs have fallen below $150k and 3 beds apraoching $100k. The low resales today will be tomorrows comps. Again this is my opinion but if I were an owner I'd either be preparing to hold out for a long term recovery or getting out now.
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05-10-2008, 01:12 PM
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surprise market
yeah I would say list now and run for the hills! I just bought 2 foreclosures in Surprise at $62 per sq ft.
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