Archive for April, 2009
Prescott Real Estate- The Cottages At Prescott Lakes
April 27th, 2009 categories: Home Buyers, Prescott Neighborhoods
The Cottages At Prescott Lakes
1378 Kwana Court
Prescott Lakes Subdivision
“The Cottages” is a gated community within the Prescott Lakes subdivision.
1378 Kwana Court offers gorgeous panoramic views of Granite Dells and Willow Lake. The covered patio is a wonderful place to relax and enjoy the view.
The interior of this home is bright, open and immaculate. Take a Virtual Tour to see the interior and the views! 1378 Kwana Court Virtual Tour
Offered at $284,900
MLS# 936861
Contact Sherry Huffman or Sue Brown for more information at 928.778.4492 or e-mail info@thehuffmangroup.com
The Cottages at Prescott Lakes
Prescott, Arizona
The Cottages is a gated community of 216 single level cottages style homes that straddle the master planned community of Prescott Lakes. Many of the homes offer beautiful, panoramic views of Granite Dells, Willow Lake, The San Francisco Peaks and Granite Mountain.
The homes were constructed between 2000 and 2004. There are several different floor plans that range in size from 1400 square feet to 2000 square feet, with two and three bedrooms, two bathrooms, a two car attached garage, a separate den and covered back patio.
Prescott Lakes features a 12 acre, 18 hole, Hale Irwin Signature Golf Course. The subdivision is beautifully landscaped with lakes, ponds and waterfalls. Walking paths, parks and a beautiful athletic facility make this one of Prescott’s finest planned communities.
Directions: From Hwy 89, take Prescott Lakes Parkway, look for “The Cottages” monument sign, enter through the gates.
For additional information on 1378 Kwana Court, please contact The Sherry Huffman Group at 928.533.1833.
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Prescott Real Estate- Cloudstone Patio Homes Phase B
April 13th, 2009 categories: Cloudstone Patio Homes, Home Buyers
1606 Cool Breezes Lane
Prescott
Cloudstone Patio Homes Phase B
Construction is underway at Cloudstone Patio Homes Phase B.
These beautiful patio homes offer gorgeous, panoramic views of Granite Mountain, Thumb Butte, The San Francisco Peaks and Granite Dells.
Standard home features include granite tile counter tops, 9′ ceilings, front landscaping, exterior cultured stone, 8′ Carriage house garage doors, 8′ front door, ceramic tile in foyer, kitchen, laundry and baths. Kitchen features include walk in pantry (per plan), deluxe appliances, raised panel maple cabinets and a 30″ four burner range.
For a complete list of standard features, visit www.cloudstonepatiohomes.com
1606 Cool Breezes Lane
1,942 sq. ft.
Single Level
Two Car Attached Garage
2 Bedrooms, 2 Full Baths
Panoramic Views
Offered at $299,900
MLS# 935678
Views of Granite Mountain from the deck of 1606 Cool Breezes
Take a Cloudstone Neighborhood Virtual Tour
Buy the lot / home package, or just the lot.
For more information, contact Sherry Huffman at 928.533.1833 or e-mail at info@thehuffmangroup.com
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Happy Easter
April 12th, 2009 categories: Beyond Real Estate
Wishing all of you a Happy Easter
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Prescott Real Estate- Weekly Market Update, April 6th
April 6th, 2009 categories: Market Update, Prescott Market Statistics, Real Estate News
Hello, and welcome to the weekly Real Estate market update for the City of Prescott.
Absorption rates are a calculation of how long it will take for all the homes on the market to be sold, or absorbed at the current rate of sales. And finally, a single digit absorption rate! I haven’t seen single digit absorption rates in a long time.
Could it be that market conditions are improving? I’m thinking that they are. There are more and more positive signs out there, and investors are back taking advantage of bank owned bargains. Yes, we have a ways to go, and there will be more bank owned properties to deal with. But it’s now official; There is light at the end of the tunnel.
| Price Range | Residential Properties On The Market | Pending Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| $300,000 and below | 227 | 78 | 2.9 Months |
| $300,001 to $500,000 | 326 | 31 | 10.5 Months |
| $500,001 to $800,000 | 198 | 11 | 18 Months |
| $800,001 to $100,000,000 | 69 | 4 | 24 Months |
| $100,000,001 and above | 68 | 1 | 68 Months |
| Totals | 888 | 125 | 7.10 Months |
Prescott Real Estate- Year to Date Sales Information
| Property Type | Listings For Sale |
Current Pending Sales |
Closed Sales Year To Date |
|---|---|---|---|
|
Single family Residential |
901 | 52 | 100 |
| Vacant Land |
1,432 | 11 | 26 |
| Condos & Town Homes & Patio Homes |
141 | 6 | 13 |
| Multi Family Properties |
22 | 0 | 2 |
| Commercial Properties |
200 | 5 | 3 |
| Business Opportunities |
10 | 0 | 0 |
In many markets around the country, bank owned properties make up the majority of closed escrow, some areas are as high as 50% t0 60%.
In the month of February, 50% of homes that closed escrow in Prescott were bank owned. In March, 21% of homes that closed escrow in Prescott were banked owned.
Year to date, 27% of the homes that have closed escrow have been banked owned.
The information provided is courtesy of the Prescott Area Association of Realtor MLS. This information is deemed reliable but not guaranteed.
If you would like more information on the Prescott Real Estate market, please contact us at 928.778.4492 or e-mail us at info@thehuffmangroup.com
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Prescott Real Estate- Six good reasons to buy
April 1st, 2009 categories: Home Buyers, Home Sellers, Real Estate News
Activity in the Prescott Real Estate market seems to be picking up. In the past few weeks, the number of properties in MLS showing as “sale pending” has been on the rise.
The reason, Prescott has become affordable again! The combination of declining prices, motivated sellers, low interest rates, tax credits and bank owned properties has created a great opportunity for home buyers and investors.
However, many potential buyers are still on the sidelines waiting for the perceived “market bottom”. I have felt for months that now is a good time to buy Real Estate, and the low home prices we see today are not going to last forever.
Realtor Magazine published a good article on Buying Real Estate and listed 6 Good Reasons to buy now.
10 years from now, Real Estate values in Prescott will be higher than they are today. This may be one of the greatest buying opportunities in history. If you are considering buying Real Estate in Prescott, waiting too long may cost you money. Like I said a few days ago, “You make money when you buy, not when you sell”.
If you would like to discuss buying Real Estate in the Prescott area, call us and we’ll discuss your options. (928) 778-4492
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