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More forecast...
Nextage Realty Professionals
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Prescott Area Market Report The distressed real estate market in the Prescott area was busy again this week with 18 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system.From the sales side they represented over half of the homes sold, and were over half [...]  Posted by Jerry Cecil  March 2, 2009, 12:12 pmPrescott Area Market Report The distressed real estate market in the Prescott area was busy again this week with 17 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system. From the sales side they represented about one in every three homes being sold, and [...] Posted by Jerry Cecil February 20, 2009, 8:37 pmPrescott Market Report REO, foreclosed and short sale new listings remained at a level of about 1 in 6 or 16% of every new listing. Last week 46% of the pending sales were REO or Short Sales, and this week there 58% of deals in escrow were distressed sales. The amount of REO/Short Sales that closed [...] Posted by Jerry Cecil February 13, 2009, 7:47 pmPrescott Home Pricing Problem According to the Zillow Q4 Real Estate Market (2008) survey released yesterday by Zillow.com, some 70 percent of homeowners surveyed believe their home’s value will either increase or stay the same in the first six months of 2009, while only 30 percent expect a decrease in value. Fifty-seven percent believe their home lost [...] Posted by Jerry Cecil February 11, 2009, 7:27 amPrescott Market Report Yesterday I went to Chino Valley with a client and we looked at some distressed sales that were priced at the same levels as 2002 and 50% off of 2006 prices! My client decided to put in an offer and we are going to compete with 2 other buyers on a short sale [...] Posted by Jerry Cecil February 7, 2009, 10:48 am |
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