Prescott area foreclosure market update as of 2-28-09
Prescott Area Market Report
The distressed real estate market in the Prescott area was busy again this week with 18 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system.From the sales side they represented over half of the homes sold, and were over half of the sales that went into escrow.
The difference between what traditional pricing and Prescott foreclosed/REO and short sale properties per square foot remains with strong at a 23% discount.
Thinking about buying a short sale in the Prescott Foreclosure or Prescott Valley Foreclosure market?
See this article on my blog to get prepared: 10 questions for Prescott AZ short sale brokers
| Foreclosed and short sale homes new on market in last 7 days* | |||||
| MLS | Address | City | List Price | SQFT | $/SQFT |
| 935687 | 4400 Juniper Dr | Chino Valley | $196,860 | 3,984 | $49 |
| 935707 | 19475 Saguaro | Black Canyon City | $110,000 | 1,864 | $59 |
| 935605 | 3601 Christine Dr | Prescott Valley | $139,900 | 2,345 | $60 |
| 935654 | 8149 Donna Rd | Prescott Valley | $68,900 | 1,000 | $69 |
| 935683 | 12914 Delgado St | Prescott Valley | $159,900 | 1,956 | $82 |
| 935576 | 13108 Santiago | Dewey -Humboldt | $140,000 | 1,637 | $86 |
| 935648 | 959 Caballos | Dewey -Humboldt | $165,240 | 1,893 | $87 |
| 935532 | 5443 Wickiup Road | Prescott Valley | $142,900 | 1,593 | $90 |
| 935661 | 4600 Cherokee Cir | Prescott Valley | $144,690 | 1,399 | $103 |
| 935647 | 1724 Willow Creek | Prescott | $156,900 | 1,362 | $115 |
| 935666 | 1245 Road 3 South | Chino Valley | $311,525 | 2,637 | $118 |
| 935651 | 7469 Plateau Ridge Dri | Prescott Valley | $173,900 | 1,425 | $122 |
| 935518 | 13850 Quail Run | Dewey -Humboldt | $250,000 | 2,041 | $122 |
| 935565 | 7976 Crooked Creek | Prescott Valley | $205,000 | 1,670 | $123 |
| 935541 | 3500 Grey Fox Drive | Chino Valley | $264,900 | 1,890 | $140 |
| 935569 | 1154 Sunup Dr | Prescott | $163,900 | 1,040 | $158 |
| 935524 | 333 Dreamweaver Drive | Prescott | $349,000 | 2,094 | $167 |
| 935567 | 2305 Bridle Path Dr. | Prescott | $989,900 | 4,900 | $202 |
| # of Homes Listed: | 18 | ||||
| Average | $229,634 | 2,041 | $108 | ||
| Median | $164,570 | 1,877 | $109 | ||
| MLS Data: | 2/28/2009 | *Source: Prescott Arizona Area MLS (PAAR) | |||
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 the Prescott MLS section.
New Listing Stats Last 7 Days* REO/Short Sale Traditional New 18 74 20% List $/sqft $108 $153 29% Pending 17 15 53% Closed 12 11 52% Sold $/sqft $90 $117 23% *Source: Prescott Arizona Area MLS (PAAR) New REO/Short Sales listings are 29% less per square foot than traditional resales this week.
Search for Prescott area REO/Foreclosed and Short Sale Listings
Tags: market report, market update, prescott news, prescott sales data, prescott valley foreclosures, reo, short sale, stats 
Categories: Chino Valley Foreclosures, Dewey-Humboldt Foreclosures, Foreclosure Market Report, Market Statistics, Prescott Foreclosure Info, Prescott Foreclosure News, Prescott Valley Foreclosures| | 
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