Archive for August, 2008
Happy Labor Day
August 28th, 2008 categories: Just For Fun
Happy Labor Day Weekend
Labor Day is celebrated by most Americans as the traditional end of summer. The last chance to go crazy at the lake before the weather cools off.
Not knowing much about the history of Labor day, I decided to do some googling.
Labor day is observed on the first Monday of September and was originated in 1882 by the Central Labor Union of New York City who sought to create a day off for working citizens. As the Industrial Revolution took hold of the nation, the average American worked 12 hour days, seven day a week. Children were also working providing cheap labor with virtually no child labor laws to protect them.
With long hours and horrible working conditions, American Unions became more prominent and voiced their demands for better working conditions. On Tuesday, September 5th, 1882, 10,000 workers marched from city hall to Union Square in New York City, holding the first ever Labor Day Parade. Participants took an unpaid day off to honor the workers of America. Congress legalized the holiday 12 year later.
No matter how challenging the Real Estate market becomes, I still have the greatest job in the greatest country.
Happy Labor Day.
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Watson Lake Park
August 20th, 2008 categories: Just For Fun, Real Estate News
Watson Lake is located about 4 miles from downtown Prescott and offers fishing, boating, kayaking, hiking, rock climbing, camping and picnicking.
There are several hiking trails near Watson Lake. The Peavine Trail runs along the southeastern side of the lake into the scenic Granite Dells.
This trail level is easy and is enjoyed by walkers, joggers, horseback riders and mountain bikers.
Watson Lake Park is located on Hwy 89 North of Prescott
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Historic Mount Vernon Street
August 19th, 2008 categories: Just For Fun, Real Estate News
Mount Vernon Street is one of Prescott’s most historic neighborhoods. With fall approaching this tree-lined street is a wonderful place to view autumn colors.
Many of these homes were built in the early 1900s and occupied by Prescott’s founders.
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July 2008 Real Estate Market Update
August 7th, 2008 categories: Market Update, Prescott Market Statistics, Real Estate News
Lower home prices are positively effecting home sales.
For the second month in a row, the number of homes on the market is down and sales are up. Home prices in Prescott are down approximately 24% from this time last year and buyers that were watching and waiting are beginning to take advantage of the great buying opportunities available.
Is the worst of this market downturn behind us?
To compare July to June, click here June 2008 Sales Statistics
Prescott Sales Statistics for the month of July, 2008
| Price Range | Residential Properties On The Market | Residential Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| $300,000 and below | 208 | 18 | 11.5 |
| $300,001 to $500,000 | 425 | 30 | 14.7 |
| $500,001 to $800,000 | 313 | 13 | 24.08 |
| $800,0001 to $1,000,000 | 78 | 4 | 19.5 |
| $1,000,001 & above | 96 | 1 | 96 |
| Totals | 1,120 | 66 | 16.97 |
Prescott / Tri City Absorption Rates By Area
See below for area definitions (110 - 150)
| Area | Residential Properties On The Market | Residential Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| 110 | 161 | 4 | 40.25 |
| 120 | 337 | 21 | 16.05 |
| 130 | 167 | 14 | 11.93 |
| 140 | 193 | 10 | 19.30 |
| 150 | 123 | 9 | 13.67 |
| Williamson Valley | 214 | 9 | 23.78 |
| Prescott Valley | 737 | 83 | 8.88 |
| Chino Valley | 312 | 17 | 18.35 |
| Dewey | 101 | 5 | 20.20 |
| P.C.Club/ Quailwood | 107 | 5 | 21.40 |
| Totals | 2,452 | 177 | 13.85 |
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
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