Although Rim country real estate is suffering, recent data shows that there is an increase in the number of home foreclosures in the valley every month. Central Arizona Board of Realtors (CABR) has to keep track of the foreclosure number in the area which it has never done before. President of CABR, Annette Bashaw said, there are around 2.5 percent of land and homes for sale in central Arizona. Compared to valley's 20.5 percent of bank owned properties, central Arizona is doing well, though home prices have dropped nearly 10 percent. According to a survey, there are nearly 56,000 homes for sale in the valley, of which 11,400 are in foreclosure and another 16 percent are in short sale. The number of foreclosures may not go above 3 percent in the Rim country, but foreclosure numbers may rise gradually for another year and then level off.