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Nextage Realty Professionals

Prescott area REO and short sale homes sold in last 15 days > 03-26-09

By Jerry Cecil, on March 26th, 2009

Prescott Area Market Report

Activity in the distressed home market in the Prescott AZ area remains strong with 26 homes closing in the last 15 days.  This compares to 43 homes sold by traditional resales.

The average price per square foot for REO and short sales was $87 and the average time to sell was 128 days compared [...]

Posted by Jerry Cecil March 26, 2009, 4:54 pm

More good news: Maricopa real estate market heating up

By Jerry Cecil, on March 24th, 2009

Last week I posted about the Southern California real estate market and how it was rebounding, see: Great news for Arizona! So Cal prices didn’t drop in Feb, and now we have good news from our southern neighbors in the Phoenix area.   Our home sellers in Prescott, Prescott Valley, Chino Valley, and Dewey-Humboldt rely on the real [...]

Posted by Jerry Cecil March 24, 2009, 7:31 am

Prescott Arizona area foreclosure market report as of 3-21-09

By Jerry Cecil, on March 21st, 2009

Prescott Area Market Report

Is the market ready to turn around?  If history repeats itself, all that has to happen is that Californians are able to sell their homes again so they can move here.  If the numbers in CA recently hold, then we might have seen the bottom. 

See Great news for Arizona! So Cal prices [...]

Posted by Jerry Cecil March 21, 2009, 7:31 am

What DID the FED do yesterday and why is it good?

By Jerry Cecil, on March 19th, 2009

From Tom Henichek, a local loan officer at Mountain Mortgage

 

Tom Henichek

 On Wednesday, the Federal Reserve agreed to purchase a large amount of mortgage securities since investors are sitting on the sidelines and not actively participating in these securities. 

Posted by Jerry Cecil March 19, 2009, 2:20 pm

Great news for Arizona! So Cal prices didn’t drop in Feb

By Jerry Cecil, on March 19th, 2009

SoCal Housing Prices at Bottom?

Good news for Arizona and especially for all our local homeowners in Prescott, Prescott Valley, Chino Valley and Dewey-Humbolt market area who would be a happy to sell their homes to someone from So Cal. 

For the 1st time in 10 months, the median home home price in the six counties in [...]

Posted by Jerry Cecil March 19, 2009, 10:43 am
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