Archive for the 'Home Sellers' Category
Fewer people are falling behind on their mortgages
February 19th, 2010 categories: Home Buyers, Home Sellers, Market Update, Prescott Real Estate Trends
Friday is my favorite day of the week. Even if I have to work all weekend, there’s something good feeling about Friday’s.
Friday is the perfect day for good news, so when I read that fewer people are falling behind on their home loans I felt it would be a good post for the day.
According to MSNBC Business headlines, the number borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. This decline is notable because delinquencies usually rise this time of year.
If you would like to read the entire article, please click the link below.
Have a happy Friday everyone!
http://www.msnbc.msn.com/id/35478157/ns/business-stocks_and_economy/
If you have questions about the value of your home or would like to discuss market conditions, please call us at 928.778.4492 or e-mail us at info@thehuffmangroup.com
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Prescott Home Sales and Prices by Neighborhood
February 4th, 2010 categories: Home Buyers, Home Sellers, Prescott Market Statistics, Real Estate News
|
Prices and sales by Neighborhood |
Number of homes for sale | Number of homes pended | Average List Price |
Average Sales Price |
|---|---|---|---|---|
| Timberridge | 13 | 1 | $364,626 | $318,085 |
| Hidden Valley Ranch | 18 | 0 | $387,400 | $332,337 |
| Kingswood | 4 | 1 | $502,124 | $387,000 |
| Forest Trails | 15 | 0 | $590,133 | $456,900 |
| Eagle Ridge | 3 | 1 | $377,666 | $311,277 |
| Longview Estates & Fairfield Estates | 10 | 0 | $414,770 | $431,250 |
| Vista Del Cerro Estates | 3 | 0 | $507,633 | $644,500 |
| Hassayampa Village | 23 | 1 | $1,117,047 | $797,818 |
| Southview | 10 | 0 | $807,790 | $531,333 |
| Pinon Oaks | 16 | 0 | $372,946 | $324,823 |
| Mountain Club | 9 | 0 | $246,922 | $211,900 |
Real Estate numbers are local. It’s nice to know what’s going on nationwide, but most home owners want to know what’s going on in their neighborhood. These numbers are for the Month of January and as you can see, January was a slow month for sale pendings. The average sale prices were calculated over the past six months, average list price is calculated by the current number of active listings. If you would like to see the statistics for your neighborhood and it’s not on this list, please let me know and I will post the numbers.
Interest rates remain at historic lows making this a great time to buy or sell. If you have any questions about market conditions, please call us at 928.778.4492 or contact us by e-mail at info@thehuffmangroup.com
Thanks and have a great day.
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Prescott Real Estate- Gorgeous home with Casita
January 29th, 2010 categories: Cloudstone Patio Homes, Featured Listings, Home Buyers, Home Sellers
This gently-used home located at 330 Dreamweaver offers
numerous upgrades.
Included are upgraded hickory cabinets in the kitchen and great room, upgraded carpeting, travertine stone flooring in the great room and casita, over-sized garage, custom patio surfacing, and European wood laminate flooring in the den.
This home also features a detached casita perfect for a home office, studio or guest quarters. The casita offers a spacious living area and full bath.
The kitchen features gorgeous, upgraded hickory cabinets and granite counters tops and upgraded stainless steel appliances.
Other home features include a cement tile roof, paver driveway, exterior cultured stone, courtyard, upgraded light fixtures and low maintenance landscaping.
Take the Virtual Tour to see this lovely home. For more information, contact Sherry Huffman or Sue Brown at 928.778.4492 or e-mail us at info@thehuffmangroup.com
This home is offered at $319,900. Prescott MLS # 939945
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Immaculate Prescott Condo- The Villages At Prescott Lakes
January 28th, 2010 categories: Featured Listings, Home Buyers, Home Sellers
1975 Blooming Hills Drive, Unit 212
Enjoy a gated community offering low maintenance living, panoramic views and country club amenities at The Villages At Prescott Lakes.
This beautiful condo is perfect for full time or part residences and is conviently located near shopping and medical services.
This condo features 3 bedrooms, 2 baths, a covered balcony a detached garage. Take the Virtual Tour to see the interior.
This property is offered at $215,000. Prescott MLS# 940569
For more information, contact Sherry Huffman or Sue Brown at 928.778.4492
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The Right Asking Price Makes All The Difference
January 19th, 2010 categories: Home Sellers, Real Estate News
This Real Estate market is for serious sellers only. I talk with a lot of home sellers. Some are thinking about selling, some have their home on the market right now. Most conversations with home sellers are similar, and the conversation usually ends by discussing price.
There are several ways to determine the value of a property; appraisal, tax accessor, replacement cost, comparable sales and so on. But if you are trying to sell your home and need to sell, there is only one opinion that determines market value and that is the opinion of buyers.
Todays market value is determined by the expectations of buyers. Todays buyers are educated as to market conditions and they do their homework before ever contacting a Realtor. They understand price per square foot, average selling price and are not willing to pay inflated prices.
If your home is on the market and you are not getting many showings, or if you don’t have an offer after 60 days on the market, the buyers are telling you something. Your home is overpriced.
A Real Estate Agent that knows the market conditions will be able to help guide home sellers to the correct listing price and ultimately a successful sale.
If you would like to discuss market conditions and the value of your home, call our office at 928.778.4492. We will be happy to provide you with a no obligation market analysis.
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Prescott Lakes - The Cottages
October 13th, 2009 categories: Featured Listings, Home Buyers, Home Sellers
This beautiful home is priced competitively and in move in condition.
The Cottages At Prescott Lakes is a beautiful, gated community of single level, cottage style homes. Many of these homes offer breath taking views of Granite Mountain, Granite Dells and the San Francisco Peaks.
1378 Kwana Court is a beautiful, low maintenance home and was built on one of the best view lots in The Cottages. The private patio offers panoramic views of Granite Dells, Granite Mountain and the San Francisco Peaks. The interior is bright and open. This home features a great room with a fireplace and a formal living room. The two car garage features lots of built in storage cabinets. 1378 Kwana Court is offered at $272,900. MLS# 936861
Take a Virtual Tour today.
Set within Arizona’s gorgeous high country, Prescott Lakes offers a variety of outdoor pleasures. Within its borders, you’ll find miles of hiking and biking trails, and seven petroglyph parks. Each park preserves the Native American symbols found on rock formations along the golf course. A remarkable find, these petroglyphs are now a part of the identity of the course.
If your passion is for water sports, visit Watson Lake and Willow Lake, both located within one mile of our borders. You’re welcome to fish, sail, or go swimming in these year-round recreational lakes.
For more information on 1378 Kwana Court, please contact The Sherry Huffman Group at 928.533.1833 or e-mail us at info@thehuffmangroup.com
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Old Real Estate Sayings That Are True Today
June 8th, 2009 categories: Home Sellers, Prescott Homeowners
There are a lot of old sayings in the Real Estate business. Some of them are true, some not. Here are five old sayings that are true in any type of Real Estate market.
1. Your First Offer is Your Best Offer. I have sold or been involved with hundreds of Real Estate transactions over the years, and more times than not, the first offer to come in is usually the best offer. When a seller receives an offer on their home, it may be less than expected or desired. After negotiating, Seller and Buyer cannot come to terms, the deal dies and the search for another buyer resumes. More times than not, offers that follow are incrementally less than the first offer, and ultimately the seller wishes they had made the first offer work. Remember, don’t step over dollars to save pennies.
2. Low Ball Offers Don’t Necessarily Get You the Best Price. Extremely low offers can lead to an insulted seller, which typically leads negotiations to nowhere. Most sellers are emotionally attached to their homes and a low offer may be perceived as insulting. I recommend that buyers know the comparable sales prices in the neighborhood and make an offer slightly below that. If the sales prices ends up near market value, everybody wins.
3. Overpricing your home is a huge mistake. This is and always has been the biggest mistake a seller can make. Sellers do not set property values, the market and buyers do. If you over price your home, you run the risk of always being behind the curve, trying to play catch up with price reductions and probably in the end, getting less for your home. If you are serious about selling your home, Price it competitively from the start.
4. It’s Nearly Impossible To Under Price A Home. If a home is truly priced below market value, chances are it will receive multiple offers driving the price back up to market value, maybe even a little higher.
5. It’s important to Offer The Most and Cost The Least. This is the secret to selling your home for top dollar, with the least amount of hassles and in a reasonable time period. I recently met with a client who sold a condo in Michigan, which due to the economy is a difficult place to sell a home. She explained to me that while her condo was on the market, she personally looked at all of the other condos listed for sale in her complex. After previewing her competition, she made sure that her condo was the best and brightest and priced below her competition. Needless to say, her condo sold, while the others are still sitting on the market to this day. She went on to say that since she closed escrow, values have declined further in her former neighborhood.
My business if full of old sayings and rules of thumb. The above are just a few that are heard on a regular basis, especially in today’s market.
If you would like to discuss current market conditions or any Real Estate needs, please call us at 928.778.4492.
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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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Prescott Real Estate- Market Update, Wednesday January 28th
January 28th, 2009 categories: Home Buyers, Home Sellers, Market Update, Prescott Market Statistics
Hello, and welcome to the weekly Real Estate market update for the City of Prescott. The residential properties I’m including are single family homes, town-homes, condos and manufactured housing.
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.
| Price Range | Residential Properties On The Market | Home Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| $300,000 and below | 315 | 19 | 16.5 Months |
| $300,001 to $500,000 | 363 | 15 | 24.2 Months |
| $500,001 to $800,000 | 211 | 2 | 105 Months |
| $800,001 to $100,000,000 | 65 | 1 | 65 Months |
| $100,000,001 and above | 71 | 0 | 71 Months |
| Totals | 1,025 | 37 | 27 Months |
Prescott Real Estate- Year to Date Sales Information
| Property Type | Listings For Sale |
Pending Sales | Closed Sales Year To Date |
|---|---|---|---|
|
Single family Residential |
891 | 93 | 22 |
| Vacant Land |
1,295 | 5 | 5 |
| Condos & Town Homes & Patio Homes |
130 | 17 | 4 |
| Multi Family Properties |
23 | 1 | 0 |
| Commercial Properties |
197 | 0 | 1 |
| Business Opportunities |
11 | 0 | 0 |
Single family homes priced under $300,000 continue to dominate what is selling in Prescott. Vacant land and commercial properties are still sitting in the back seat.
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- Market Update, January 7th, 2009
January 7th, 2009 categories: Home Buyers, Home Sellers, Market Update, Prescott Market Statistics
Happy New Year!
Here are the numbers for the first seven days of the year. I’m happy to see that there are 48 pending sales this early in the year. Many of them are carry-overs from last year, but that’s OK. We’ll take what we can get.
This chart will be posted every Wednesday. If you would like additional information, please contact us at 928.778.4492 or e-mail at info@thehuffmangroup.com
| Property Type | Listings For Sale |
Pending Sales | Sales Year To Date |
|---|---|---|---|
|
Single family Residential |
896 | 48 | 6 |
| Vacant Land |
1,309 | 5 | 0 |
| Condos & Town Homes & Patio Homes |
112 | 9 | 0 |
| Multi Family Properties |
24 | 2 | 0 |
| Commercial Properties |
197 | 3 | 3 |
| Business Opportunities |
13 | 0 | 0 |
The information provided is courtesy of the Prescott Area Association of Realtor MLS. This information is deemed reliable but not guaranteed.
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