Tucson, Arizona — University of Arizona
Fifty percent of all residential sales in the home of the Arizona
Wildcats were foreclosure sales through mid-year 2011, allowing for
investors to pick from a plethora of deals.
For the first six
months of the year, 3,068 foreclosure properties sold in Tucson for an
average price of $116,916 — 41 percent below the average price of
non-foreclosure properties. Foreclosure sales were up almost 13 percent
from the previous six month period.