I was fortunate enough to offer 3k less than asking and get them to throw in closing costs when I bought here in Feb. So I was able to snag a 3yo 1500sqft house with a pool for under 100k. I think I timed it just right because I'm seeing all of my friends getting fucked over when they try to put in offers now.
Where in the valley are you?
We couldn't find anything in that price range unless we went WAY out......
We're under contract right now for a place in Mesa...
Contrary to popular belief, for the average buyer, it's NOT a buyers market in AZ.
Yes there are tons of houses on the market for great prices...IF you want to wait 6-12 months for a short sale, have your own financing (not FHA), and are willing to live in BFE (30 mile commute to work.)
It just really sucks buying a house right now - I think we got lucky and found something close in at a decent price, needs a new AC and roof, but we negotiated that into the price, and we are probably some of the few that are able to immediately put $15K into it right after purchase.
Good luck.....I know it's tough, especially when you keep hearing "it's a buyers market!!"