Prescott Area Market Report
Activity in the distressed home market in the Prescott AZ area was weaker this time with 15 homes closing in the last 15 days of April. This compares to 44 homes sold by traditional resales during the same period.
The average price per square foot for REO and short sales was $88 and the average time to sell was 160 days compared to $133 per square foot and 190 days on market for tradional resales. You can see that the REO and short sales market in Prescott and Prescott Valley is moving much quicker and at a much lower average price.
Short sales increase: of the 15 homes sold, 6 were short sales (highlighted in yellow). Short sales can take a long time, see this post: How to help speed up a short sale tips
Almost 1/2 of the homes sold asking price or more (see green highlight) and got probably got multiple offers to get there.
| Single Family REO-Foreclosed-Short Sales Closed 4/15/2009 – 4/30/2009 | |||||||
| Address | City | List Price | Sale Price | SP/LP | SQFT | $/SQFT | CDOM |
| 13245 Mccabe St. | Dewey-Humboldt | $49,900 | $45,083 | 90.3% | 1,757 | $26 | 252 |
| 1328 Bucky Oneill | Chino Valley | $61,900 | $61,900 | 100.0% | 1,314 | $47 | 132 |
| 1567 Perdita | Dewey-Humboldt | $197,500 | $195,000 | 98.7% | 2,632 | $74 | 178 |
| 4961 Reavis | Prescott Valley | $200,900 | $199,000 | 99.1% | 2,609 | $76 | 189 |
| 1073 Stirrup High | Dewey-Humboldt | $100,000 | $100,000 | 100.0% | 1,292 | $77 | 77 |
| 15975 James Town | Dewey-Humboldt | $395,000 | $246,750 | 62.5% | 3,186 | $77 | 287 |
| 7575 Outlook | Prescott Valley | $239,000 | $239,000 | 100.0% | 2,981 | $80 | 155 |
| 13065 Durango St. | Dewey-Humboldt | $152,000 | $158,000 | 103.9% | 1,948 | $81 | 88 |
| 4600 Granada Drive | Prescott Valley | $147,250 | $148,000 | 100.5% | 1,548 | $96 | 147 |
| 2809 Willow Creek | Prescott | $123,900 | $121,750 | 98.3% | 1,260 | $97 | 196 |
| 1643 Road 4 | Chino Valley | $147,900 | $142,000 | 96.0% | 1,392 | $102 | 278 |
| 8660 Manley Dr. | Prescott Valley | $140,000 | $138,500 | 98.9% | 1,295 | $107 | 63 |
| 6561 Dalton Way | Prescott Valley | $199,000 | $199,000 | 100.0% | 1,679 | $119 | 150 |
| 8865 Manley | Prescott Valley | $168,000 | $154,000 | 91.7% | 1,279 | $120 | 143 |
| 1218 Pebble Spring | Prescott | $248,900 | $248,900 | 100.0% | 1,848 | $135 | 59 |
| Number of Homes: | 15 | ||||||
| Average | $171,410 | $159,792 | 96.0% | 1,868 | $88 | 160 | |
| Median | $152,000 | $154,000 | 99.1% | 1,679 | $81 | 150 | |
| MLS Data as of: | 5/1/2009 | *Source: PAAR MLS | |||||
For more information on any of these listings, please contact me.
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