Sales volume in the distressed home market in the Prescott AZ area declined from last month’s record high this year of 104 homes to 82 homes. This compares to 137 homes sold by traditional resales during the same period. This is 39% of all sales!
The average price per square foot for REO and short sales was $87 and the average time to sell was 123 days compared to $127 per square foot and 164 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.
Short sales about 25% of sales: Of the 82 homes sold, 20 were short sales (highlighted in yellow). This is consistent with last month’s numbers and shows that more agents are getting on board with the short sales trend.
Over 35% of the homes sold at or more than asking price (see green highlight). Last month we were at 40%. This continues to be amazing in a “weak market.”
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 less 5% off.
| Single Family REO-Foreclosed-Short Sales Closed 8/1/09 – 8/31/09 | |||||||
| Address | City | List Price | Sale Price | SP/LP | SQFT | $/SQFT | CDOM |
| 15467 Cholla Circle | Cordes Junction | $32,900 | $22,000 | 66.9% | 1,344 | $16 | 26 |
| 12341 Agua Fria | Mayer | $51,900 | $53,500 | 103.1% | 2,112 | $25 | 36 |
| 1833 Susan Street | Chino Valley | $44,900 | $42,500 | 94.7% | 1,650 | $26 | 24 |
| 25220 Lakeside | Paulden | $19,500 | $20,100 | 103.1% | 644 | $31 | 55 |
| 3781 Navajo | Prescott Valley | $85,000 | $85,000 | 100.0% | 2,272 | $37 | 52 |
| 3589 Jester Cir | Prescott Valley | $52,000 | $46,500 | 89.4% | 1,220 | $38 | 38 |
| 1686 Liana Dr | Chino Valley | $79,900 | $75,000 | 93.9% | 1,720 | $44 | 145 |
| 8091 Nancy | Prescott Valley | $74,900 | $70,000 | 93.5% | 1,584 | $44 | 43 |
| 2700 Prescott East | Prescott Valley | $63,900 | $64,000 | 100.2% | 1,440 | $44 | 65 |
| 13911 Quail Run | Dewey -Humboldt | $138,600 | $138,600 | 100.0% | 3,115 | $44 | 29 |
| 4544 Risky Rd | Prescott | $56,900 | $37,000 | 65.0% | 782 | $47 | 153 |
| 8031 Nancy Rd | Prescott Valley | $74,900 | $75,000 | 100.1% | 1,525 | $49 | 62 |
| 3713 Constance | Prescott Valley | $84,900 | $70,000 | 82.4% | 1,392 | $50 | 430 |
| 2825 Granite Garden | Prescott | $150,000 | $160,500 | 107.0% | 3,100 | $52 | 320 |
| 1105 Bisjak Ln | Chino Valley | $110,000 | $123,500 | 112.3% | 2,215 | $56 | 115 |
| 7233 Woolsey Ranch | Prescott Valley | $162,000 | $115,500 | 71.3% | 1,966 | $59 | 191 |
| 4067 La Jolla Drive | Prescott Valley | $143,600 | $145,000 | 101.0% | 2,250 | $64 | 54 |
| 2765 Kings Highway | Prescott Valley | $80,000 | $79,000 | 98.8% | 1,200 | $66 | 85 |
| 601 Old Coach | Dewey -Humboldt | $174,900 | $157,000 | 89.8% | 2,318 | $68 | 68 |
| 12902 Ponce Street | Dewey -Humboldt | $141,100 | $130,000 | 92.1% | 1,808 | $72 | 22 |
| 4668 Spring Dr | Prescott Valley | $139,900 | $130,000 | 92.9% | 1,800 | $72 | 216 |
| 24420 Yosemite | Paulden | $81,000 | $75,000 | 92.6% | 1,026 | $73 | 81 |
| 1037 Walnut Rd | Prescott | $239,900 | $239,900 | 100.0% | 3,256 | $74 | 149 |
| 4020 Cedar Heights | Chino Valley | $92,497 | $85,000 | 91.9% | 1,152 | $74 | 89 |
| 1540 Bainbridge Ln | Chino Valley | $207,000 | $200,000 | 96.6% | 2,686 | $74 | 36 |
| 1280 Kobol Way | Chino Valley | $282,000 | $282,000 | 100.0% | 3,784 | $75 | 88 |
| 7257 Woolsey Ranch | Prescott Valley | $168,300 | $164,000 | 97.4% | 2,196 | $75 | 70 |
| 1920 Atlantic Ave. | Prescott | $229,900 | $196,350 | 85.4% | 2,543 | $77 | 254 |
| 1325 Bannon Pl | Chino Valley | $166,500 | $155,000 | 93.1% | 1,962 | $79 | 38 |
| 12797 Garcia St | Dewey -Humboldt | $157,800 | $157,000 | 99.5% | 1,969 | $80 | 57 |
| 8732 Sommer | Prescott Valley | $90,000 | $90,000 | 100.0% | 1,128 | $80 | 34 |
| 12995 Santiago St | Dewey -Humboldt | $158,500 | $152,000 | 95.9% | 1,888 | $81 | 77 |
| 12848 Ponce St | Dewey -Humboldt | $170,990 | $162,000 | 94.7% | 2,008 | $81 | 51 |
| 210 Reed Road | Chino Valley | $159,900 | $155,000 | 96.9% | 1,891 | $82 | 232 |
| 414 La Paz | Dewey -Humboldt | $167,400 | $167,400 | 100.0% | 2,018 | $83 | 62 |
| 6459 Farmstead | Prescott Valley | $179,900 | $170,000 | 94.5% | 2,046 | $83 | 50 |
| 2400 Via Venado | Chino Valley | $144,900 | $146,400 | 101.0% | 1,752 | $84 | 53 |
| 1851 Misty Dells Tr | Dewey -Humboldt | $207,300 | $210,000 | 101.3% | 2,505 | $84 | 89 |
| 2275 Agave Place | Chino Valley | $169,290 | $155,000 | 91.6% | 1,848 | $84 | 211 |
| 8680 Manley Drive | Prescott Valley | $114,900 | $110,000 | 95.7% | 1,283 | $86 | 157 |
| 1811 Ryan Ct | Prescott | $199,900 | $199,900 | 100.0% | 2,317 | $86 | 128 |
| 8151 Winding Trail | Prescott Valley | $164,900 | $158,000 | 95.8% | 1,803 | $88 | 155 |
| 8160 Loos Dr | Prescott Valley | $115,000 | $121,000 | 105.2% | 1,375 | $88 | 65 |
| 2255 Chucker | Chino Valley | $139,900 | $145,500 | 104.0% | 1,637 | $89 | 19 |
| 21245 Hackamore | Paulden | $249,000 | $240,000 | 96.4% | 2,700 | $89 | 146 |
| 4239 Kearny Dr | Prescott Valley | $118,500 | $115,000 | 97.0% | 1,292 | $89 | 44 |
| 1062 Sweet Acres Dr | Prescott | $204,500 | $194,000 | 94.9% | 2,168 | $89 | 93 |
| 1039 Wagon Wheel Dr | Prescott | $190,900 | $190,000 | 99.5% | 2,106 | $90 | 52 |
| 1170 Trev View Trl | Paulden | $213,685 | $190,000 | 88.9% | 2,077 | $91 | 136 |
| 12847 Delgado St | Prescott Valley | $130,000 | $136,000 | 104.6% | 1,470 | $93 | 66 |
| 2415 Pemberton | Prescott | $350,000 | $335,000 | 95.7% | 3,613 | $93 | 99 |
| 7904 Crooked Creek | Prescott Valley | $275,000 | $260,000 | 94.5% | 2,782 | $93 | 69 |
| 3576 Pleasant View | Prescott Valley | $199,000 | $191,000 | 96.0% | 2,014 | $95 | 27 |
| 1585 Johnson Lane | Chino Valley | $148,900 | $150,000 | 100.7% | 1,568 | $96 | 118 |
| 7241 Paseo Escondid | Prescott Valley | $170,000 | $180,000 | 105.9% | 1,878 | $96 | 71 |
| 8316 Sunset Ridge | Prescott Valley | $199,900 | $190,000 | 95.0% | 1,974 | $96 | 144 |
| 515 Lotus Court | Prescott | $290,900 | $291,000 | 100.0% | 2,992 | $97 | 88 |
| 1403 Split Rail Tra | Prescott Valley | $495,000 | $436,501 | 88.2% | 4,465 | $98 | 155 |
| 6145 Colt | Prescott Valley | $103,900 | $105,900 | 101.9% | 1,080 | $98 | 53 |
| 10625 Dawn To Milky | Prescott Valley | $369,900 | $364,900 | 98.6% | 3,691 | $99 | 151 |
| 4700 Miner Road | Prescott Valley | $139,900 | $125,000 | 89.3% | 1,251 | $100 | 319 |
| 7624 Sedalia | Prescott Valley | $155,000 | $152,500 | 98.4% | 1,479 | $103 | 163 |
| 7485 Bridle Path | Prescott | $386,000 | $325,000 | 84.2% | 3,124 | $104 | 120 |
| 11707 Hacienda Hts | Dewey -Humboldt | $177,900 | $155,000 | 87.1% | 1,484 | $104 | 50 |
| 1023 Cloud Cliff Pa | Prescott Valley | $217,900 | $195,000 | 89.5% | 1,864 | $105 | 312 |
| 13850 Quail Run | Dewey -Humboldt | $225,000 | $225,000 | 100.0% | 2,041 | $110 | 190 |
| 7213 Prairie Hill | Prescott Valley | $173,500 | $173,000 | 99.7% | 1,538 | $112 | 100 |
| 1727 Rolling Hills | Prescott | $309,900 | $275,000 | 88.7% | 2,418 | $114 | 55 |
| 9225 Barnwood | Prescott Valley | $262,350 | $262,350 | 100.0% | 2,299 | $114 | 28 |
| 2219 Sirus | Chino Valley | $142,500 | $128,000 | 89.8% | 1,104 | $116 | 102 |
| 1208 Pine Ridge | Prescott | $175,000 | $175,000 | 100.0% | 1,445 | $121 | 163 |
| 1405 Carlock Dr | Prescott | $275,000 | $265,000 | 96.4% | 2,120 | $125 | 434 |
| 8225 Granite Oaks D | Prescott | $399,900 | $380,000 | 95.0% | 3,017 | $126 | 239 |
| 819 Pine Knoll Dr | Prescott | $255,900 | $256,000 | 100.0% | 2,003 | $128 | 157 |
| 15345 Badlands Circl | Prescott | $506,900 | $475,000 | 93.7% | 3,649 | $130 | 34 |
| 8183 Blessing | Prescott Valley | $330,000 | $255,000 | 77.3% | 1,899 | $134 | 692 |
| 2647 Country Park D | Prescott | $234,900 | $230,000 | 97.9% | 1,600 | $144 | 212 |
| 138 Smoketree | Prescott | $340,000 | $325,000 | 95.6% | 2,230 | $146 | 42 |
| 1260 Manzanita Hill | Prescott | $263,000 | $265,000 | 100.8% | 1,779 | $149 | 70 |
| 3690 Blackjack Ridg | Prescott | $474,900 | $450,000 | 94.8% | 2,829 | $159 | 59 |
| 16200 Top View Lane | Prescott | $450,000 | $484,000 | 107.6% | 3,030 | $160 | 198 |
| 2203 Forest Mountai | Prescott | $1,295,000 | $1,240,000 | 95.8% | 7,000 | $177 | 361 |
| Number of Homes: | 82 | ||||||
| Average | $203,279 | $194,162 | 95.5% | 2,105 | $87 | 123 | |
| Median | $168,795 | $159,250 | 96.4% | 1,968 | $87 | 87 | |
| MLS Data as of: | 9/5/2009 | *Source: PAAR MLS | |||||
See: Why short sales aren’t always a good deal.
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
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