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Nextage Realty Professionals

Finding REO’s (bank-owned) in the Prescott AZ Area

By Jerry Cecil, on August 22nd, 2011

I am often asked.  What is the best way to find bank-owned homes in the Prescott area?  Many people call the Realtor who is listing the REO homes.  Though, this realtor can help you buy the home, they would be taking on two roles as the buyer and seller agent, also known as a dual agency.  [...]

Posted by Jerry Cecil August 22, 2011, 7:53 pm

July 2011 Foreclosure & Short Sale Report for Prescott AZ

By Jerry Cecil, on August 7th, 2011

There are 97 distressed property sales in Prescott, this is 12% of the market.

There are 43 bank-owned homes in Prescott.  Go to this link for the MLS listings;

http://www.paarmls.org/prs/maildoc/sd_AAAa007E020110807180654.html

There are 54 short sales in Prescott.  Go to this link for the [...]

Posted by Jerry Cecil August 7, 2011, 5:01 pm

Prescott Foreclosed/REO/Short Sales Last 60 Days

By Jerry Cecil, on January 20th, 2009

Market Update

Here is a list of the 8 Foreclosed/REO/Short Sales that sold in the last 60 days in Prescott as of 1-20-09. The average sales price was $257,550 and the median price is $237,750. The average price per square foot was $125 and the median price per square foot is $115. The average Cummulative Days [...]

Posted by Jerry Cecil January 20, 2009, 4:03 pm

Prescott area foreclosed home sales are on the rise

By Jerry Cecil, on December 30th, 2008

Foreclosures seem to be all over the news these days and it is easy to see why.  At one time foreclosures used to be the exception in the Prescott area, now they are driving home prices down just like the rest of the country.

In the last 6 months, 120 foreclosed (bank-owned) homes sold in the Prescott area, [...]

Posted by Jerry Cecil December 30, 2008, 7:45 pm