prescottreos is Tweeting:

Our Stinking Badges.

SWIFT, SILENT, DEADLY

Marines, The Few, the Proud graphic that links to the Official Marine Corps website.

 

USMC 1983 - 1987
8654 Dual Fool

Real Estate Blogs Directory - Directory of real estate blogs and blogs of industries affiliated with and serving the real estate industry.

prescott arizona area foreclosures blog

Prescott area REO and short sale homes sold 02-1-10 thru 02-28-10

Sales volume in the distressed home market in the Prescott AZ area is up slightly with 92 homes closing in February.  This compares to 67 homes sold by traditional resales during the same period.  This is 58% of all sales!

The average price per square foot for REO and short sales was $82 and the average time to sell was 115 days compared to $109 per square foot and 229 days on market for traditional resales.  Traditional home sellers are continuing the trend of reducing their prices to sell against the foreclosures and short sales.  In fact, you can see that with 54% of the sales being REOS and short sales that these comps cannot be ignored.

Short sales about 12% of sales:  Of the 92 homes sold, 11 were short sales (highlighted in yellow).   Short sales are becoming more mainstream as banks and buyers and especially REALTORS figure them out. So many agents are doing the whole industry a disservice by avoiding these transactions.

47% of the homes sold at or more than asking price (see green highlight).  This continues to be amazing in a “weak market.”  Also note that most of the ones that sold quickly (list is sorted by Cumulative Days on Market (CDOM) received full price offers. 

Some of the buyers I am working with right now are trying to get 20% off of the bank’s price.  You can see how futile this exercise is when the average is only about 1.5% off.

See: Why short sales aren’t always a good deal

 Single Family REO-Foreclosed-Short Sales Closed 2/1/10 – 2/28/10  
Address City List  Price Sale Price SP/LP  SQFT  $/SQFT CDOM
995 Cottonwood Lan Chino Valley $43,750 $30,000 68.6%     1,310 $23 116
190 Birchwood Paulden $39,000 $32,500 83.3%     1,340 $24 199
220 Javelina Path Chino Valley $41,900 $40,000 95.5%     1,566 $26 85
390 Railroad Avenu Chino Valley $59,900 $60,000 100.2%     2,066 $29 26
2882 Kings Hwy Prescott Valley $49,900 $42,000 84.2%     1,344 $31 113
1025 Yarber Wash Rd Dewey -Humboldt $59,900 $59,000 98.5%     1,782 $33 95
11093 Poland Junctio Mayer $49,900 $45,000 90.2%     1,152 $39 37
24815 Prairie Way Paulden $58,500 $49,000 83.8%     1,188 $41 104
12516 Corley Street Dewey -Humboldt $39,900 $28,000 70.2%        676 $41 50
3049 Pleasant View Prescott Valley $79,900 $80,000 100.1%     1,918 $42 540
17580 Highway 169 Dewey -Humboldt $49,900 $50,500 101.2%     1,210 $42 177
1600 Slick Horn All Paulden $79,900 $75,000 93.9%     1,728 $43 23
11838 Macfarlane Way Prescott Valley $109,000 $108,000 99.1%     2,346 $46 505
2968 Pleasant View Prescott Valley $69,900 $72,000 103.0%     1,550 $46 21
864 Road 4 North Chino Valley $149,900 $141,750 94.6%     2,989 $47 76
3636 Starlight Dr # Prescott Valley $50,000 $47,000 94.0%        936 $50 170
100 Verde Ranch Ro Paulden $63,310 $64,000 101.1%     1,224 $52 63
19210 Wagon Train Mayer $69,000 $65,000 94.2%     1,152 $56 208
2320 Canta Libre Rd Chino Valley $162,900 $162,900 100.0%     2,852 $57 97
4890 Joshua Chino Valley $130,000 $130,000 100.0%     2,268 $57 141
11320 Mare Meadows Mayer $250,000 $250,000 100.0%     4,305 $58 261
2720 Cedar Springs Prescott Valley $57,900 $56,250 97.2%        963 $58 16
823 Campbell Prescott $97,500 $83,500 85.6%     1,404 $59 63
20866 Antelope Rd. Cordes Lake $69,900 $63,000 90.1%     1,024 $62 154
393 Ensenada Stree Dewey -Humboldt $99,900 $92,000 92.1%     1,484 $62 126
2560 Hill St Dewey -Humboldt $69,900 $83,900 120.0%     1,260 $67 207
3714 Greg Dr Prescott Valley $74,900 $80,000 106.8%     1,176 $68 66
745 Ahonen Road Paulden $105,000 $105,000 100.0%     1,521 $69 111
11600 Appaloosa Lane Dewey -Humboldt $168,000 $164,000 97.6%     2,265 $72 148
370 Venus Dr Prescott $215,000 $205,000 95.3%     2,763 $74 49
1396 Karen Dr Chino Valley $82,000 $86,500 105.5%     1,160 $75 95
4920 Verde Vista Prescott Valley $175,900 $172,000 97.8%     2,304 $75 74
252 Soaring Ave Prescott $324,900 $310,000 95.4%     4,149 $75 203
3555 Yuma Dr Chino Valley $169,900 $165,500 97.4%     2,214 $75 123
13086 Ponce St Dewey -Humboldt $125,000 $133,500 106.8%     1,785 $75 227
960 Caballos Ct Dewey -Humboldt $134,900 $145,000 107.5%     1,893 $77 32
2330 Gambels Ridge  Chino Valley $149,900 $149,000 99.4%     1,914 $78 49
7220 Paseo Escondid Prescott Valley $190,000 $200,000 105.3%     2,566 $78 158
1421 Bannon Place Chino Valley $159,900 $155,000 96.9%     1,965 $79 64
6575 El Dorado Driv Prescott $139,900 $131,000 93.6%     1,601 $82 159
7503 Clear Sky Trl Prescott Valley $151,900 $151,900 100.0%     1,815 $84 72
4290 Kachina Way Prescott Valley $128,900 $130,900 101.6%     1,552 $84 97
621 Rancho Vista Prescott $164,900 $162,500 98.5%     1,920 $85 161
4773 Sheridan Prescott Valley $125,000 $134,150 107.3%     1,579 $85 30
5125 Robert Rd Prescott Valley $115,000 $120,000 104.3%     1,409 $85 226
1051 Dewey Road Dewey -Humboldt $275,000 $270,000 98.2%     3,162 $85 70
2520 Road 4 North Chino Valley $69,900 $74,000 105.9%        864 $86 121
4241 Ridge Circle Prescott Valley $145,000 $145,000 100.0%     1,690 $86 83
7656 Cocopah Prescott Valley $127,900 $128,000 100.1%     1,486 $86 70
9671 Rimrock Circle Prescott Valley $133,000 $133,000 100.0%     1,544 $86 113
6251 Little Papoose Prescott Valley $109,900 $112,500 102.4%     1,304 $86 46
7616 Roundup Dr Prescott Valley $105,000 $105,000 100.0%     1,214 $86 105
1217 Timber Point N Prescott $149,900 $149,900 100.0%     1,704 $88 47
2660 Gambles Ridge Chino Valley $125,000 $130,000 104.0%     1,468 $89 98
5676 Pawnee Drive Prescott Valley $127,900 $125,000 97.7%     1,400 $89 43
7600 Dusty Boot Roa Prescott Valley $172,500 $170,000 98.6%     1,904 $89 42
2627 Reno Drive Dewey -Humboldt $138,000 $138,000 100.0%     1,524 $91 124
4850 Badger Rd Prescott Valley $163,500 $163,000 99.7%     1,790 $91 95
4135 Val Verde Way Prescott Valley $141,500 $137,000 96.8%     1,503 $91 150
5081 Cattlemen Driv Prescott Valley $129,900 $129,900 100.0%     1,411 $92 113
7754 Mesteno Rd Prescott Valley $268,500 $267,000 99.4%     2,884 $93 59
3172 Dome Rock Plac Prescott $79,900 $79,900 100.0%        863 $93 138
6128 Viewpoint Dr Prescott Valley $106,900 $112,000 104.8%     1,188 $94 113
655 Old Senator Hw Prescott $81,500 $81,500 100.0%        864 $94 40
7370 Granite View Prescott Valley $165,900 $157,900 95.2%     1,670 $95 54
1745 Reed Road Chino Valley $189,000 $189,000 100.0%     1,993 $95 65
6332 Andover Lane Prescott Valley $160,000 $155,000 96.9%     1,632 $95 314
20480 Buckboard Lane Paulden $399,000 $300,000 75.2%     3,109 $96 102
5681 Mission Ln Prescott Valley $119,900 $120,000 100.1%     1,243 $97 60
6365 Kelmore Rd Prescott Valley $259,000 $240,000 92.7%     2,477 $97 110
5285 Mesquite Drive Prescott Valley $138,900 $138,900 100.0%     1,429 $97 61
8508 Prairie View Prescott Valley $185,100 $180,000 97.2%     1,851 $97 361
4485 Cinnabar Drive Prescott Valley $145,000 $145,000 100.0%     1,465 $99 49
1350 Foothill Dr Dewey -Humboldt $189,900 $189,900 100.0%     1,916 $99 71
8030 Comstock Mine  Prescott $445,500 $448,000 100.6%     4,412 $102 64
410 Highland Ave Prescott $166,500 $165,500 99.4%     1,622 $102 46
5385 Bremont Way Prescott Valley $149,900 $148,000 98.7%     1,442 $103 123
3455 Oak Creek Lane Chino Valley $219,900 $205,000 93.2%     1,985 $103 121
6270 Lord Cir Prescott Valley $76,800 $145,000 188.8%     1,400 $104 68
4560 Ponderosa Prescott $141,000 $134,900 95.7%     1,300 $104 132
2331 Mountain Laure Prescott $400,000 $396,000 99.0%     3,800 $104 27
2225 Polaris Chino Valley $119,900 $112,000 93.4%     1,014 $110 138
88 French Place Prescott $562,500 $535,000 95.1%     4,800 $111 42
1420 Kobol Chino Valley $219,000 $218,000 99.5%     1,940 $112 90
7875 Hunters Hideaw Prescott Valley $199,900 $195,000 97.5%     1,693 $115 62
5658 Hole In One Prescott $292,900 $240,000 81.9%     2,072 $116 93
1811 Reading Lane Prescott $180,000 $180,000 100.0%     1,503 $120 136
14741 Holt Brothers  Prescott $276,900 $280,000 101.1%     2,214 $126 68
5716 Ginseng Prescott $258,900 $259,000 100.0%     1,976 $131 81
1267 Pebble Springs Prescott $325,000 $307,900 94.7%     2,016 $153 142
2203 Forest Mountai Prescott $1,295,000 $1,240,000 95.8%     7,000 $177 361
4455 Cedar Heights  Chino Valley $285,000 $301,000 105.6%     1,637 $184 45
Number of Homes: 92            
  Average $165,428 $161,826 98.5%    1,880 $82 115
  Median $138,450 $137,500 99.4%    1,627 $86 95
MLS Data as of:   3/2/2010 *Source: PAAR MLS        

Considering making an offer in today’s distressed home marketplace in Prescott or Prescott Valley?  See: Top 10 tips to win the REO multiple offer game.

For more information on any of these listings, please contact me.

 Search for Prescott area REO/Foreclosed and Short Sale Listings

Free Nationwide Foreclosure Search

Post to Twitter

Prescott Arizona area foreclosure market report as of 02-27-10

42 new foreclosed or short sale homes came on the market during the week of February 21-February 27. These made up nearly 1/2 of homes listed in the Prescott Arizona Area MLS system last week at 47%. 
There were 47 traditional listings that came on the market last week at an average of $163 per square [...]

Prescott Arizona area foreclosure market report as of 2-20-10

 28 new foreclosed or short sale homes came on the market during the week of February 14-February 20. These made up a little less than 1/3 of homes listed in the Prescott Arizona Area MLS system last week at 31%. 
There were 62 traditional listings that came on the market last week at an average of [...]

Prescott Arizona area foreclosure market report as of 02-13-10

41 new foreclosed or short sale homes came on the market during the week of February 7-February 13.  These made up a little more than 1/3 of  homes listed in the Prescott Arizona Area MLS system last week at 34%. 
There were 80 traditional listings that came on the market  last week at an average of $149 [...]

Prescott Arizona area foreclosure market report as of 02-06-10

39 new foreclosed or short sale homes came on the market during the week of January 31-February 6.  These made up nearly half of  homes listed in the Prescott Arizona Area MLS system last week at 43%. 
There were 51 traditional listings that came on the market  last week at an average of $155 per square foot.  [...]

Prescott area REO and short sale homes sold 01-01-10 thru 01-31-10

Sales volume in the distressed home market in the Prescott AZ area is down slightly with 82 homes closing in January.  This compares to 69 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 $81 and the average time to sell [...]

Prescott Arizona area foreclosure market report as of 1-30-10

45 new foreclosed or short sale homes came on the market during the week of January 24-January 30.  These made up nearly half of  homes listed in the Prescott Arizona Area MLS system last week at 47%. 
There were 50 traditional listings that came on the market  last week at an average of $163 per square foot.  [...]

Prescott Arizona area foreclosure market report as of 01-23-10

 32 new foreclosed or short sale homes came on the market during the week of January 17-January 23.  These made up half of  homes listed in the Prescott Arizona Area MLS system last week at 42%. 
There were 44 traditional listings that came on the market  last week at an average of $170 per square foot.  Compare [...]

Prescott Arizona area foreclosure market report as of 01-16-10

32 new foreclosed or short sale homes came on the market during the week of January 10-January 16.  These made up half of  homes listed in the Prescott Arizona Area MLS system last week at 42%. 
There were 45 traditional listings that came on the market  last week at an average of $157per square foot.  Compare that [...]

Twitter Weekly Updates for 2010-01-17

From DS News: Obama Proposes Bank Bailout Tax to Recoup $90 Billion >http://bit.ly/7RvKRQ #

Prescott Arizona area foreclosure market report as of 01-09-10

 42 new foreclosed or short sale homes came on the market during the week of January 03-January 09.  These made up half of  homes listed in the Prescott Arizona Area MLS system last week at 50%. 
There were 42 traditional listings that came on the market  last week at an average of $136 per square foot.  Compare [...]

Prescott area REO and short sale homes sold 12-1-09 thru 12-31-09

Sales volume in the distressed home market in the Prescott AZ area is up with 96 homes closing in December.  This compares to 84 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 $87 and the average time to sell was [...]