New year-to-date foreclosure numbers show:
- A 378% increase in Scottsdale
- A 531% increase in Fountain Hills
All four areas with the highest concentration of foreclosures are in Scottsdale, including the Kierland area, the airpark area, DC Ranch, and McDowell Mountain Ranch. Yep, you got that right - all the places that are supposedly so "rich."
Nice going to all of you Scottsdale "wealthy."
EDIT - Raven sent this to me at the exact same time I was posting it, and added these comments:
Article from today's AZ Republic online follows...the foreclosure tsumani is steadily picking up force in Scottsdale's pseudo-upscale neighborhoods. Zip 85255 in particular along with 85262 are cracking rapidly. DC Ranch has turned into a renter's paradise and their Marketplace concept in keeping with its architectural theme, is a true Western ghost town.