Prescott Arizona Area Foreclosure News

23 new foreclosed or short sale homes came on the market during the week of November 22-November 28, down from the previous week’s 30. These made up approximately 1/3 of  homes being listed in the Prescott Arizona Area MLS system.  
There were 41 traditional listings that came on the market  last week at an average of $131 per square [...]

Home Price Declines Slowing: First American CoreLogic http://bit.ly/4U0qTc #

30 new foreclosed or short sale homes came on the market during the week of November 15-November 21, up slightly from the previous week’s 26. These made up approximately 1/3 of  homes being listed in the Prescott Arizona Area MLS system.  
There were 59 traditional listings that came on the market  last week at an average of $137 per square [...]

From DS News > Residential Mortgage Delinquencies Still Rising, TransUnion Reports > http://bit.ly/9r3Jw #
AZ Republic News > Program may help some stay in homes >Plan would let owners transition to renting> http://bit.ly/4E6Xlf #

Will any U.S. banks survive this crisis? 5 More Go Down the Tubes> http://bit.ly/2SdM0 #
Fannie Mae Loses $19B More…Needs more money from Feds to stay alive; See more info >http://bit.ly/2SIcTD #
Zillow Report > Homeowners with Negative Equity Dipped Slightly During Third Quarter: Report http://bit.ly/mw7lu #

26 new foreclosed or short sale homes came on the market during the week of November 8-November 14, up slightly from the previous week’s 24. These made up approximately 1/3 of  homes being listed in the Prescott Arizona Area MLS system.  
There were 43 traditional listings that came on the market  last week at an average of $133 per square [...]

Times are still tough in the Prescott area residential real estate sector, but the foreclosure market is looking up. While real estate prices, as a whole, have plummeted, prices of foreclosuresin most states are going up, according to the foreclosure listing site Foreclosuredataonline.com.
The company reported that foreclosure sale prices in Arizona saw the biggest increase, where averages [...]

24 new foreclosed or short sale homes came on the market during the week of November 1-November 7, down significantly from the previous week’s 35. These made up approximately 1/4 of  homes being listed in the Prescott Arizona Area MLS system.
There were 69 traditional listings that came on the market  last week at an average of $171 per square [...]

Nine more banks bite the dust, bringing total to 115 this year, largest numbers since S&L crisis > http://bit.ly/9wtj6 #
Home Prices up Nearly 4 Percent as REO and Foreclosure Influence Wanes: Maybe nationwide but not in Prescott> http://bit.ly/3rrwP7 #

Lately it seems as though the media has been enamoured with beating up Phoenix as a dangerous city full of empty foreclosured homes, human traffickers and drug dealers, but a new study realeased by Forbes shows that the Phoenix MSA ranks 14th nationwide.  As crime and traffic move northward to the Prescott and Prescott Valley [...]

Prescott Area Market Report

35 new foreclosed or short sale homes came on the market during the week of October 25-October 31, up significantly from the previous week’s 25. These made up approximately 1/3 of  homes being listed in the Prescott Arizona Area MLS system.  
There were 54 traditional listings that came on the market  last week at an average of [...]

Sales volume in the  distressed home market in the Prescott AZ area is up with 117 homes closing in October.  This compares to 136 homes sold by traditional resales during the same period.  This is 46% of all sales!
The average price per square foot for REO and short sales was $98 and the average time to sell [...]