The distressed real estate market in the Prescott area was busy on the listing side this week with 20 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system.
The difference between what traditional pricing and Prescott foreclosed/REO and short sale properties per square foot remains with strong at a 32% discount.
This week the average price sold per square foot hit a new low at $57 due to the low number of overall sales (only 2) and the fact that one of them was very rural and very cheap.
Thinking about buying a distressed property in the Prescott Foreclosure or Prescott Valley Foreclosure market?
See this post to get prepared: Why are REO homes priced all over the place?
| Foreclosed and short sale homes new on market in last 7 days* | |||||
| MLS | Address | City | List Price | SQFT | $/SQFT |
| 936047 | 1833 Susan Street | Chino Valley | $61,200 | 1,650 | $37 |
| 936059 | 20041 Saguaro Dr. | Cordes Lake | $93,500 | 2,200 | $43 |
| 935960 | 17083 Duffers Drive | Spring Valley | $71,500 | 1,680 | $43 |
| 936007 | 10300 Mohawk Drive | Mayer | $52,900 | 1,204 | $44 |
| 936003 | 480 Arrowhead Dr | Paulden | $83,600 | 1,250 | $67 |
| 935966 | 707 Parsley Place | Prescott | $331,500 | 3,945 | $84 |
| 936069 | 10066 Buckskin Dr | Dewey -Humboldt | $149,900 | 1,624 | $92 |
| 936062 | 7719 Mesteno Rd | Prescott Valley | $199,900 | 2,064 | $97 |
| 936012 | 3235 Heart Prairie Ln | Chino Valley | $234,600 | 2,420 | $97 |
| 935897 | 4901 Calle Santa Cruz | Prescott Valley | $337,500 | 3,375 | $100 |
| 936073 | 853 Peppermint Way | Prescott | $355,000 | 3,535 | $100 |
| 936011 | 1375 Silver King Circ | Prescott | $175,000 | 1,656 | $106 |
| 936023 | 1229 Doka | Prescott | $199,900 | 1,830 | $109 |
| 936082 | 8316 Sunset Rdg | Prescott Valley | $224,400 | 1,974 | $114 |
| 936016 | 2682 Alec | Chino Valley | $298,900 | 2,251 | $133 |
| 936021 | 150 Bell Creek Way | Sedona | $418,900 | 2,960 | $142 |
| 935923 | 525 Homestead Mesa | Chino Valley | $275,000 | 1,916 | $144 |
| 936046 | 7123 Crown King Rd | Crown King | $119,899 | 823 | $146 |
| 936020 | 670 Crosscreek Drive | Prescott | $374,900 | 2,304 | $163 |
| 936028 | 1727 Rolling Hills | Prescott | $409,900 | 2,418 | $170 |
| # of Homes Listed: | 20 | ||||
| Average | $223,395 | 2,154 | $101 | ||
| Median | $212,150 | 2,019 | $100 | ||
| MLS Date: | 3/14/2009 | *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 Prescott MLS section.
| New Listing Stats Last 7 Days* | |||
| REO/Short Sale | Traditional | ||
| New | 20 | 86 | 19% |
| List $/sqft | $101 | $148 | 32% |
| Pending | 22 | 10 | 69% |
| Closed | 2 | 13 | 13% |
| Sold $/sqft | $57 | $120 | 53% |
| *Source: Prescott Arizona Area MLS (PAAR) | |||
The percentage of foreclosed/REO/short sale new listings on market went down a little from 27% to 19% this week. Last week 53% of the pending sales were REO or Short Sales, and this week they were made of 69% of the deals going into escrow. The amount of REO/Short Sales that closed last week went from 23% last week to 13% this week.
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