Prescott vacant land sales still trending downward
April 11th, 2008 categories: Market Update, Prescott Market Statistics
Land listed for sale at Crossroads Ranch, Prescott
Here are the Vacant Land sales statistics for the month of March, 2008.
Vacant land sales have been on a downward trend since the end of 2005. As of the 4th quarter of 2007, vacant land sales were down 56% from the previous year. At the current sales rate, there is a 9.3 year supply of vacant land. To see previous sales statistics of residential home, click here
City of Prescott Vacant Land
| Price Range | Vacant Land Properties On The Market | Land Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| $10,000 to $50,000 | 26 | 0 | N/A |
| $50,001 to $100,000 | 83 | 0 | N/A |
| $100,001 to $300,000 | 1,031 | 9 | 114.56 |
| $300,001 to $500,000 | 264 | 3 | 88 |
| $500,001 and above | 64 | 1 | 64 |
| Totals | 1,468 | 13 | 112.9 |
Prescott / Tri City Absorption Rates By Area
See below for area definitions (110 - 150)
| Area | Vacant Land Properties On The Market | Land Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| 110 | 270 | 2 | 135 |
| 120 | 266 | 1 | 266 |
| 130 | 217 | 1 | 217 |
| 140 | 131 | 1 | 131 |
| 150 | 67 | 1 | 67 |
| Williamson Valley | 544 | 7 | 77 |
| Prescott Valley | 309 | 1 | 309 |
| Chino Valley | 432 | 3 | 144 |
| Dewey | 245 | 1 | 245 |
| P.C.Club/ Quailwood | 24 | 1 | 24 |
| Totals | 2,595 | 19 | 136.58 |
Area 110: North of Gurley/Thumb Butte, West of Willow Ck Rd including Longview
Area 120:North of Gurley, East of Willow Creek Road, West of Hwy 89
Area 130:East on Hwy 69 from Hwy 89 & 69 Junction, East of Hwy 89
Area 140: South of Gurley, East of Park/White Spar, West of the Ranch
Area 150: South of Gurley, East of Park/White Spar
As always, please feel free to contact me with any questions.
Regards,
Sherry Huffman
Realtor-Associate
The Huffman Group, Realty Executives
928-533-1833
928-441-1201 e-fax
sherry@thehuffmangroup.com
www.theHuffmanGroup.com
www.PrescottRealEstateRoundUp.com
