Prescott Arizona area foreclosure market report as of 6-27-09
Prescott Area Market Report
Thirty nine foreclosed or short sale homes came on the market last week, way up from last week’s 18. They made up about one in every 3 homes being listed in the Prescott Arizona Area MLS system. This is a marked increase and a one week high for distressed listings in the Prescott area. Could some of the phantom inventory being coming on the market?
See this post: Banks to unleash a phantom inventory of foreclosures say some
There were also 87 traditional listings that came on the market last week at an average of $177 per square foot. Compare that to the $104 per square foot average for the homes below. Which ones do you think will sell faster?
Short Sales: 9/39 are short sale listings (see yellow highlight). Short sales are becoming easier to deal with with some banks. I actually got through to a Citibank loan rep on 1 ring yesterday dealing with a short sale and they were very friendly too! If this is indeed a trend it could mean some better news for sellers and buyers alike who have been suffering from pathetic service from banks servicing short sales.
Thinking about a short sale? Read these tips to make it go as quickly as possible:
How to help speed up a short sale tips
| Foreclosed and short sale homes new on market | |||||
| MLS | Address | City | List Price | SQFT | $/SQFT |
| 938936 | 25220 Lakeside | Paulden | $19,500 | 644 | $30 |
| 938926 | 20545 Yucca | Cordes Lake | $29,900 | 728 | $41 |
| 938879 | 1735 Bottlebrush | Chino Valley | $99,900 | 2,112 | $47 |
| 938939 | 1201 Just Ray Ranch R | Chino Valley | $149,900 | 3,040 | $49 |
| 938933 | 20954 Cactus Wren | Cordes Lake | $52,900 | 902 | $59 |
| 938856 | 20565 Ash Creek Rd | Mayer | $81,600 | 1,166 | $70 |
| 938952 | 12802 De La Cruz St. | Dewey -Humboldt | $170,900 | 2,175 | $79 |
| 938861 | 12922 Madrid | Dewey -Humboldt | $149,900 | 1,888 | $79 |
| 938957 | 12797 Garcia St | Dewey -Humboldt | $157,800 | 1,969 | $80 |
| 938963 | 8100 Loos | Prescott Valley | $74,900 | 934 | $80 |
| 938868 | 4523 Robin Drive | Prescott | $114,900 | 1,364 | $84 |
| 938913 | 5150 Desert Ln | Prescott Valley | $134,900 | 1,545 | $87 |
| 938965 | 7931 Mesteno | Prescott Valley | $278,500 | 3,171 | $88 |
| 938851 | 12847 Delgado St | Prescott Valley | $130,000 | 1,470 | $88 |
| 938934 | 4278 Kachina Way | Prescott Valley | $139,900 | 1,580 | $89 |
| 939011 | 13095 Tijuana Street | Dewey -Humboldt | $145,000 | 1,637 | $89 |
| 938887 | 937 Green | Prescott | $174,900 | 1,966 | $89 |
| 938863 | 1039 Wagon Wheel Driv | Prescott | $190,900 | 2,106 | $91 |
| 938914 | 4239 Kearny Dr | Prescott Valley | $118,500 | 1,292 | $92 |
| 939072 | 775 Hideaway Ln | Prescott | $319,900 | 3,418 | $94 |
| 939080 | 6145 Colt | Prescott Valley | $103,900 | 1,080 | $96 |
| 938993 | 1875 Hackberry Dr | Prescott | $150,000 | 1,537 | $98 |
| 938981 | 6653 Brombil St | Prescott Valley | $230,900 | 2,359 | $98 |
| 938878 | 7904 Crooked Creek Tr | Prescott Valley | $275,000 | 2,782 | $99 |
| 938985 | 9301 Cholla Lane | Prescott Valley | $147,500 | 1,456 | $101 |
| 938964 | 5349 Bremont Way | Prescott Valley | $159,900 | 1,358 | $118 |
| 938622 | 907 Yavapai Hills Dr | Prescott | $255,000 | 2,120 | $120 |
| 938910 | 9690 Paquette | Prescott Valley | $224,900 | 1,868 | $120 |
| 938977 | 1599 Magnolia Lane | Prescott | $299,900 | 2,477 | $121 |
| 938543 | 7675 Baxter Lane | Prescott Valley | $274,000 | 2,087 | $131 |
| 938567 | 4070 Cedar Heights Ro | Chino Valley | $224,900 | 1,659 | $136 |
| 938880 | 402 Ben J Trail | Chino Valley | $249,900 | 1,817 | $138 |
| 938953 | 2580 Heckthorn | Prescott | $350,000 | 2,506 | $140 |
| 938679 | 7300 Big Bug Mesa | Prescott | $405,000 | 2,848 | $142 |
| 938579 | 1727 Rolling Hills Dr | Prescott | $349,900 | 2,418 | $145 |
| 938643 | 1260 Manzanita Hill R | Prescott | $268,900 | 1,779 | $151 |
| 938975 | 479 Bloomingdale Dr. | Prescott | $394,000 | 2,446 | $161 |
| 938672 | 1515 Split Rail Trail | Prescott Valley | $478,900 | 2,661 | $180 |
| 938869 | 11780 Lost Man Canyon | Prescott | $499,900 | 2,083 | $240 |
| # of Homes Listed: | 39 | ||||
| Average | $207,103 | 1,909 | $104 | ||
| Median | $170,900 | 1,888 | $94 | ||
| MLS Date: | 7/1/2009 | *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
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Featured Listing: SHORT SALE
9301 E Cholla Lane
$147,500
Listing Courtesy of PATRICK SCHUTTE, RE/MAX MOUNTAIN PROPERTIES
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