There are relatively few foreclosure homes and condos in Grayhawk compared to other areas of Scottsdale. Grayhawk is a more “mature” community and did not have a lot of construction during the boom years of 2003-2004. As a result there are not as many foreclosures. In newer communities where people built homes at the top of the market there are many bank owned homes. With their homes now worth half of what they owe many people are walking away. We are seeing most of the foreclosures in Grayhawk in the condo and townhomes. Many of these were either rental investments or vacation homes. It is easy to walk away from your investment or second home when times are tough.
The chart below shows all current foreclosures on the market in Grayhawk. This chart is updated automatically so it is always up to date regardless of when you are reading this post. Scroll over the green drops for details of each foreclosure.
Interested in viewing any Scottsdale foreclosures? We would be happy to give you a personalized foreclosure tour anywhere in Scottsdale. Call us at 1-800-300-0263 or visit our website www.GreyhawkCondosOnline.com.
Carmen Brodeur BA, LLB
Realtor / Former Attorney
www.GreyhawkCondosOnline.com
1-800-300-0263
