Prescott area REO and short sale homes sold in last 15 days > 03-26-09
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 to $124 per square foot and 169 days on market for tradional resales. You can see that the REO and short market is moving much quicker and at a much lower average price.
Of the 25 distressed homes sold in the last 15 days, only 2 were short sales (highlighted in yellow).
Several of the homes sold for more than asking price (see green highlight) and got multiple offers to get there. This tells me that multiple buyers are getting in the game. Before you enter the fray, please read: Top 10 tips to win the REO multiple offer game.
| Single Family REO-Foreclosed-Short Sales Closed Last 15 Days* | |||||||
| Address | City | List Price | Sale Price | SP/LP | SQFT | $/SQFT | CDOM |
| 15926 Red Rock Ln | Cordes Lake | $49,900 | $39,000 | 78.2% | 1,332 | $29 | 167 |
| 2733 Kings Highway | Prescott Valley | $64,900 | $50,000 | 77.0% | 1,508 | $33 | 387 |
| 1898 Grasshopper | Chino Valley | $59,900 | $50,000 | 83.5% | 1,035 | $48 | 91 |
| 516 Lincoln Ave | Prescott | $114,900 | $106,000 | 92.3% | 1,723 | $62 | 101 |
| 13082 Durango | Dewey -Humboldt | $199,900 | $193,000 | 96.5% | 3,014 | $64 | 227 |
| 10996 Prescott Dell | Dewey -Humboldt | $294,900 | $228,375 | 77.4% | 3,122 | $73 | 202 |
| 3130 Princess | Prescott Valley | $99,900 | $105,000 | 105.1% | 1,344 | $78 | 95 |
| 981 Latigo Lane | Dewey -Humboldt | $164,900 | $168,500 | 102.2% | 2,130 | $79 | 119 |
| 9896 Tatum Circle | Prescott Valley | $174,900 | $170,900 | 97.7% | 2,108 | $81 | 59 |
| 2615 Covey Lane | Chino Valley | $214,900 | $135,000 | 62.8% | 1,645 | $82 | 208 |
| 7987 Autumn Sage S | Prescott Valley | $244,900 | $237,000 | 96.8% | 2,765 | $86 | 123 |
| 6613 Colbert | Prescott Valley | $169,900 | $180,000 | 105.9% | 2,007 | $90 | 96 |
| 6000 Poland Rd | Mayer | $199,900 | $185,000 | 92.5% | 2,030 | $91 | 145 |
| 700 Eleanor | Paulden | $129,900 | $129,900 | 100.0% | 1,376 | $94 | 47 |
| 1714 States St | Prescott | $189,900 | $170,000 | 89.5% | 1,794 | $95 | 179 |
| 8456 Manley Dr | Prescott Valley | $133,000 | $120,000 | 90.2% | 1,262 | $95 | 68 |
| 3841 Dale Dr | Prescott Valley | $134,900 | $132,000 | 97.9% | 1,366 | $97 | 61 |
| 6069 Old Mcdonald | Prescott Valley | $147,900 | $140,000 | 94.7% | 1,435 | $98 | 135 |
| 7749 Roaming Way | Prescott Valley | $214,900 | $209,000 | 97.3% | 2,079 | $101 | 40 |
| 55 Limberlost Ln | Prescott | $245,000 | $250,500 | 102.2% | 2,480 | $101 | 56 |
| 7875 Music Mountai | Prescott Valley | $160,000 | $153,000 | 95.6% | 1,510 | $101 | 174 |
| 2165 Constellation | Chino Valley | $139,900 | $139,900 | 100.0% | 1,347 | $104 | 46 |
| 10690 Oxbow Dr. | Dewey -Humboldt | $229,900 | $212,000 | 92.2% | 2,033 | $104 | 90 |
| 1716 Alpine Meadow | Prescott | $272,500 | $207,500 | 76.1% | 1,811 | $115 | 240 |
| 1150 Pronghorn Tra | Chino Valley | $199,900 | $195,000 | 97.5% | 1,660 | $117 | 144 |
| 73 Woodside Dr. | Prescott | $285,900 | $275,000 | 96.2% | 1,917 | $143 | 28 |
| Number of Homes: | 26 | ||||||
| Average | $174,512 | $160,830 | 92.2% | 1,840 | $87 | 128 | |
| Median | $172,400 | $169,250 | 95.9% | 1,759 | $93 | 110 | |
| MLS Data as of: | 3/26/2009 | *Source: PAAR MLS | |||||
For more information on any of these listings including the days on market for an individual property, please contact me.
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