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Prescott Arizona area foreclosure market report as of 8-28-10

Prescott Area Market Report

Prescott Area Market Report

29 new foreclosed or short sale homes came on the market during the week of August 22 – August 28. These made up just under 1/3 of the homes listed in the Prescott Arizona Area MLS system last week at 30%. 

There were 66 traditional listings that came on the market last week at an average of $133 per square foot. Compare that to the $90 per square foot average for the homes below. 

Short Sales: 9 of the 29 are short sale listings (see yellow highlight).  Note: Unlike REO pricing which is typically based on Broker Price Opinions, short sale pricing is usually set by the listing agent before the bank has even agreed to a short sale and can vary greatly.  Often banks don’t look at a short sale file until they receive an offer.    So in other words, unlike REO prices, short sale pricing can be nebulous.

Thinking about a short sale? 

Read: How to help speed up a short sale tips   

    Foreclosed and short sale homes new on market
MLS Address City List Price  SQFT  $/SQFT
949777 10750 Austin Mayer $23,900     1,178 $20
949805 420 Old Coach Trail Dewey -Humboldt $58,000     1,782 $33
949714 19247 K Mine Road Black Canyon City $44,500     1,040 $43
949778 8970 Prescott Ridge R Prescott Valley $149,900     3,162 $47
949928 3110 Prescott East Hw Prescott Valley $98,000     1,816 $54
949710 5385 Saddleback Drive Prescott Valley $183,900     2,898 $63
949830 1366 Karen Drive Chino Valley $89,900     1,400 $64
949661 4266 Cholla Drive Prescott Valley $93,500     1,405 $67
949758 20118 Longhorn Ln Mayer $139,900     1,972 $71
949755 3571 Lynn Dr Prescott Valley $82,900     1,092 $76
949810 1407 Sierra Vista Dr Prescott $189,900     2,494 $76
949804 1625 Robin Lane Chino Valley $106,900     1,392 $77
949757 3095 Shoshone Pl #5B Prescott $70,000       863 $81
949659 3210 Wasatch Prescott $78,900       965 $82
949685 9560 Whipsaw Ln Prescott Valley $183,440     2,080 $88
949814 7324 Greenscape View Prescott Valley $169,900     1,896 $90
949663 4279 Bonita Way Prescott Valley $195,000     2,140 $91
949730 7945 Shady Oaks Dr Prescott $485,800     5,220 $93
949756 7075 Woodchute Trail Prescott Valley $122,430     1,312 $93
949775 910 Garland Dr Prescott $207,000     2,216 $93
949670 6240 Old Mcdonald Dr Prescott Valley $129,900     1,374 $95
949664 1903 Demerse Ave Prescott $115,000     1,077 $107
949826 7355 Weaver Way Prescott Valley $280,500     2,550 $110
949848 2874 Granite Gardens  Prescott $195,000     1,650 $118
949767 840 Danita Prescott $200,000     1,632 $123
949781 2588 Carolyn Cove Prescott $249,000     1,977 $126
949698 782 Hideaway Lane Prescott $299,900     2,304 $130
949813 670 Driftwood Court Prescott $439,900     2,465 $178
949817 719 Woodridge Ln Prescott $893,560     4,139 $216
  # of Homes Listed: 29      
       Average $192,291    1,982 $90
       Median $149,900    1,816 $88
MLS Date: 8/28/2010 *Source:  (PAAR) 110-670

To get more information about any of these listings or any others in Prescott, Prescott Valley,  Chino Valley or Dewey-Humboldt areas, feel free to contact me, or you can search by MLS number, address, or lots of other ways in our Search Prescott MLS section.  

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Prescott Arizona area foreclosure market report as of 8-21-10

49 new foreclosed or short sale homes came on the market during the week of August 15 – August 21. These made up nearly 1/2 of the homes listed in the Prescott Arizona Area MLS system last week at 47%. 
There were 56 traditional listings that came on the market last week at an average of [...]

Prescott Arizona area foreclosure market report as of 8-14-10

Prescott Area Market Report

35 new foreclosed or short sale homes came on the market during the week of August 8 – August 14. These made up nearly 1/2 of the homes listed in the Prescott Arizona Area MLS system last week at 45%. 

There were 43 traditional listings that came on the market last week at [...]

Prescott Arizona area foreclosure market report as of 8-07-10

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There were 75 traditional listings that came on the market last week at an average of $149 [...]

Prescott area REO and short sale homes sold 7-1-10 thru 7-31-10

Sales volume in the distressed home market in the Prescott AZ area showed a slight decrease in July with 109 homes closing.  This compares to 94 homes sold by traditional resales during the same period.  This is 54% of all sales! The average price per square foot for REO and short sales was $80 and the [...]

Prescott Arizona area foreclosure market report as of 7-31-10

37 new foreclosed or short sale homes came on the market during the week of July 25 – July 31. These made up over 1/3 of the homes listed in the Prescott Arizona Area MLS system last week at 38%. 
There were 60 traditional listings that came on the market last week at an average of [...]

Short Sale Transactions | A Guide to Short Sale Facts & Myths

This is a reblog of an article written by Bill Gassett,  a short sales specialist in Massachussets.   While Arizona and Massachussets are far apart, many of these principals apply to short sale sellers in Prescott and Prescott Valley as well.   I would suggest that you also read this post, FAQ for homeowners facing foreclosure in Arizona, [...]