Our team has been dealing with Parker foreclosures for many, many years. Never have we experienced such a lack of foreclosures on the market. This past month marks a 5 year low for the number of active foreclosures in Parker, and we don't expect that trend to change in the near future.
This lack of bank owned inventory is hurting both the long time Parker fix and flip investors as well as the more traditional buyers looking for a house to call their home. With so few "distressed homes" to bid on, investors are being forced to compete with other types of buyers for other resale homes. These factors are adding to the current lack of inventory as well as the increasing prices.
The chart below shows the number of active Parker foreclosures for the past 5 years. While Parker homes in general have been harder to find than in the past, the noticeable decline in foreclosures is dramatic.
Parker Foreclosures for Sale:
Based on information from Metrolist®, Inc. for the period 2009 through 2014 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.