Prescott Arizona area foreclosure market report as of 4-04-09
Prescott Area Market Report
It’s getting old to say, BUT, the distressed real estate market in the Prescott area was busy on the listing AND closing sides this week. Identical to last week, eighteen new foreclosed or short sale homes came on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system, and just over one half of the closings, or 12/25, were distressed sales in Prescott, Prescott Valley, Chino Valley, Dewey-Humboldt and the outlying areas of Yavapai County.
The difference between what newly listed traditional homes and Prescott foreclosed/REO and short sale properties per square foot remains large at a 39% discount compared to 40% discount last week.
The market down in the valley is continuing to show progress and that’s good news for us as many of them buy second homes and/or move to the Prescott area.
See: Metro Phoenix housing market finally emerging from ashes
| Foreclosed and short sale homes new on market in last 7 days* | |||||
| MLS | Address | City | List Price | SQFT | $/SQFT |
| 936662 | 17397 Trails End Rd. | Mayer | $39,900 | 940 | $42 |
| 936671 | 74 Friendship Road | Ashfork | $53,000 | 1,248 | $42 |
| 936692 | 1705 Kaibab Ln. | Chino Valley | $61,000 | 1,418 | $43 |
| 936567 | 4816 Carla Vista Dr | Prescott Valley | $79,900 | 1,440 | $55 |
| 936689 | 17430 Giddyup Lane | Dewey -Humboldt | $83,000 | 1,404 | $59 |
| 936691 | 17430 Giddy Up Lane | Dewey -Humboldt | $83,000 | 1,404 | $59 |
| 936668 | 12816 De La Cruz | Prescott Valley | $199,900 | 2,777 | $72 |
| 936589 | 8097 Jacque Drive | Prescott Valley | $149,000 | 1,893 | $79 |
| 936709 | 11111 Ironwood Ln | Dewey -Humboldt | $250,000 | 2,744 | $91 |
| 936710 | 1515 Essex Way | Chino Valley | $239,700 | 2,558 | $94 |
| 936583 | 3220 Siesta View St | Paulden | $250,000 | 2,551 | $98 |
| 936702 | 8062 Sable Way | Prescott Valley | $239,700 | 2,431 | $99 |
| 936654 | 1421 Bannon Pl | Chino Valley | $199,900 | 1,965 | $102 |
| 936536 | 10625 Dawn To Milky Wa | Prescott Valley | $389,900 | 3,691 | $106 |
| 936674 | 1120 Road 3 South | Chino Valley | $225,000 | 2,116 | $106 |
| 936538 | 5709 Bronco | Prescott Valley | $185,000 | 1,676 | $110 |
| 936694 | 6270 Bannie Mine Rd | Prescott | $133,000 | 1,184 | $112 |
| 936596 | 6505 Stratford Dr. | Prescott Valley | $234,700 | 2,041 | $115 |
| 936543 | 10044 Buck Haven Cir | Dewey -Humboldt | $289,900 | 2,425 | $120 |
| 936675 | 8872 Manley | Prescott Valley | $125,000 | 1,035 | $121 |
| 936672 | 3501 Meadowlark Dr. | Prescott Valley | $197,100 | 1,548 | $127 |
| 936588 | 1905 Oriental | Prescott | $239,900 | 1,812 | $132 |
| 936695 | 7485 Bridle Path | Prescott | $415,000 | 3,124 | $133 |
| 936676 | 18 Broadmoor | Prescott | $260,100 | 1,792 | $145 |
| 936549 | 750 Golden Hawk Driv | Prescott | $285,000 | 1,816 | $157 |
| 936658 | 7128 Grassland Court | Prescott Valley | $289,900 | 1,811 | $160 |
| # of Homes Listed: | 26 | ||||
| Average | $199,904 | 1,956 | $99 | ||
| Median | $212,450 | 1,814 | $104 | ||
| MLS Date: | 4/5/2009 | *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.
| New Listing Stats Last 7 Days* | ||||
| REO/Short Sale Traditional | ||||
| New | 18 | 76 | 19% | of listings |
| List $/sqft | $98 | $153 | 39% | less |
| Pending | 12 | 10 | 55% | of listings |
| Closed | 13 | 12 | 52% | of listings |
| Sold $/sqft | $96 | $117 | 18% | less |
| DOM | 150 | 220 | 47% | longer |
| *Source: (PAAR) | ||||
The percentage of foreclosed/REO/short sale new listings on market remained the same at 19% this week. Last week 45% of the pending sales were REO or short sales, and this week they made up 55% of the deals going into escrow. The amount of REO/short sales that closed last week went from 44% last week to 52% this week. REO/short sales also sold about 47% faster than traditional resales.
See the full report on our main web site.
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