February 7, 2012, 11:28 am
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Nextage Realty Professionals

Prescott Arizona area foreclosure market report as of 01-02-10

Prescott Area Market Report

Prescott Area Market Report

14 new foreclosed or short sale homes came on the market during the week of December 27-January 02, understandably down drastically due to the holiday week.  These made up over 1/3 of  homes listed in the Prescott Arizona Area MLS system last week at 37%.  This figure is down quite a bit, however this particular week found many banks closed early and for extra days, as well as many employees on vacation. There were not nearly as many full work days this week that would be needed to process listing paperwork through these financial institutions. Short sale owners no doubt didn’t want to dwell on these financial woes at the climax of the holiday season.

There were 23 traditional listings that came on the market  last week at an average of $152 per square foot.  Compare that to the $93 per square foot average for the homes below. 

Short Sales:  2 of the 14 are short sale listings (see yellow highlight).  Short sales are priced typically a little higher than most of the REOs, but are still aggressively priced compared to traditional resale homes.

Thinking about a short sale?  Read these tips to make it go as quickly as possible:

    Foreclosed and short sale homes new on market
MLS Address City List Price  SQFT  $/SQFT
943273 20312 Antelope Road Cordes Lake $31,900       976 $33
943352 11093 Poland Junction Mayer $49,900     1,152 $43
943271 12516 Corley Street Dewey -Humboldt $39,900       676 $59
943278 4515 Sauter Prescott Valley $118,500     1,367 $87
943299 8442 Manley Dr Prescott Valley $114,900     1,293 $89
943286 4989 Del Rio Cir Prescott Valley $133,500     1,490 $90
943256 7754 Mesteno Rd Prescott Valley $268,500     2,884 $93
943322 4459 Sheridan Lane Prescott Valley $175,000     1,680 $104
943307 1268 Barzona Ave Dewey -Humboldt $126,900     1,199 $106
943343 1300 Valley View Rd Prescott $179,900     1,612 $112
943316 701 Delano Ave Prescott $118,800     1,015 $117
943264 88 French Place Prescott $562,500     4,800 $117
943342 5619 Johnny Mullins D Prescott $239,900     1,893 $127
943251 6800 Sunset Ct Prescott Valley $214,900     1,630 $132
  # of Homes Listed: 14      
       Average $169,643    1,691 $93
       Median $130,200    1,429 $99
MLS Date: 1/3/2010 *Source:  (PAAR) 110-670

 

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 Prescott MLS section.  

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