The chart below illustrates homes that have sold in the Phoenix Metro Area over the past 6 months. This graph depicts the relationship between the median price a home is listed for (per square foot) and what the home has sold for.
As you can see, bank owned homes have the best pricing per square foot ($85.42), however you can expect to pay the closest to the asking price on these bank owned foreclosure with homes selling at 2.54% less than list price. You can expect to negotiate a bit more off short sales with the an average of 3.98% off list price and 6.66% respectively for traditional for sale properties.
