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Misty Williams on Real Estate ~

Arizona foreclosures up in July

August 21st, 2007, 10:41 am · Post a Comment · posted by mistywilliams

Some 5,873 Arizona foreclosure filings — including default notices, auction sale notices and bank repossessions — were reported last month. That’s a 2.8 percent jump from June and a 189 percent spike from July 2006, according to national research firm RealtyTrac.Arizona ranked No. 8 on the company’s monthly foreclosure list with one filing for every 433 households. Nationwide, there were 179,599 filings in July, up 9 percent from June and up 93 percent from the same month a year ago. That’s a rate of one filing for every 693 households.Nevada topped the list for the seventh month in a row with one foreclosure filing for every 199 households — more than three times the national average. The top 10 also included Georgia (No. 2), Michigan (No. 3), California (No. 4), Colorado (No. 5), Ohio (No. 6), Florida (No. 7), Massachusetts (No. 9) and Indiana (No. 10).Here is the July data for Maricopa, Pima and Pinal counties.

County July of 2007 July of 2006 %chg
Maricopa 4484 1,308 242.8
Pima 392 277 41.52
Pinal 506 123 311.4
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