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 $176,500. Prescott MLS# 940569
For more information, contact Sherry Huffman or Sue Brown at 928.778.4492
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Prescott Real Estate- Cloudstone Patio Homes
January 27th, 2010 categories: Cloudstone Patio Homes, Featured Listings, Home Buyers
329 Dreamweaver, Cloudstone Patio Homes
3 Bedrooms, 3.5 Baths. Large kitchen with granite counter tops, great room with a fireplace, travertine tile flooring, covered patio, fenced yard, tile roof, paver driveway, fully landscaped front and rear. Take a Virtual Tour of this home.
This home is offered at $269,900. Prescott MLS # 940879.
If you are looking for a beautiful home at a great price, look at Cloudstone Patio Homes. Model homes are open daily. Contact Sherry Huffman for more information at 928.533.1833.
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Prescott Real Estate Market Update
January 20th, 2010 categories: Market Update, Prescott Market Statistics, Real Estate News
The chart below is the absorption rate for site built, single family homes in the City of Prescott. Absorption rates are a calculation of how long it will take for all of the homes on market to be sold, or absorbed, at the current rate of sales.
The data used came from the Prescott MLS and is deemed reliable, but not guaranteed.
| Price Range | Residential Properties On The Market | Closed Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| $300,000 and below | 253 | 34 | 7.4 Months |
| $300,001 to $500,000 | 251 | 16 | 15 Months |
| $500,001 to $800,000 | 135 | 10 | 13 Months |
| $800,001 to $100,000,000 | 96 | 1 | 96 Months |
| $100,000,001 and above | 46 | 0 | 46 Months |
| Totals | 781 | 61 | 12.8 Months |
The absorption rate has gone up slightly over the past few months, meaning it may take a little longer to sell a home. The listing inventory continues to shrink giving buyers fewer choices, yet homes that are over prices continue to be overlooked. There are smart buyers out there.
For those who still wish to take advantage of the home buyer tax credit, you must have an accepted, binding contract by April 30, 2010, and must close escrow by July 1, 2010.
Call us with any questions, we welcome your comments. Have a great day.
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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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Looking for a warmer place to call home?
January 14th, 2010 categories: Beyond Real Estate, Home Buyers
If you’re tired of looking for your car in this parking lot, maybe it’s time
to consider a warmer climate. Average snowfall in Prescott for the month of January
is 6.1 inches. Just enough to have fun, not ruin your life, or your car.
If this isn’t your idea of a good workout, consider a milder winter in
Prescott, Arizona
If enjoying your yard is nearly impossible this time of year,
come and visit Prescott
Prescott, Arizona has four mild seasons.
The average low temperature in January is 25 degrees
The average high temperature in January is 52 degrees.
The average January snowfall is 6.1 inches
If this winter photo looks a little easier to live with,
come and see us in Prescott.
For more information on Prescott, Arizona weather, contact Sherry Huffman or
Sue Brown at 928.778.4492 or e-mail us at info@thehuffmangroup.com
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Prescott Real Estate- Cloudstone Patio Homes
January 13th, 2010 categories: Cloudstone Patio Homes, Home Buyers, Prescott Real Estate Trends
Gorgeous and affordable. This home located at 359 Dreamweaver is one of the best buys in Prescott. This home features 2,360 sq. ft., 3 large bedrooms, 2.5 baths, a formal living room with a fireplace, and a spacious family room.
Other features include travertine tile flooring, granite counter tops, tile roof, paver driveway, block fenced yard, landscaping and panoramic views. This home includes a two year warranty.
This home is offered at $259,900
MLS # 940882. Take a Virtual Tour
For more information, contact Sherry Huffman or Sue Brown at 928.778.4492
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Prescott Real Estate - Creekside at Prescott Lakes
December 9th, 2009 categories: Prescott Neighborhoods, Real Estate News
This beautiful Prescott Lakes property shows like a model home and is priced to sell. Located in the gated community of Creekside, this home features 3 bedrooms, 3 baths, 1,964 sq. ft., a spacious great room, covered patio with views and low maintenance landscaping. This home is wired for security, surround sound and plumbed for central vacuum. At close of escrow, the Seller will pay one year of athletic club dues for the new owner. Call Sherry Huffman or Sue Brown for more information at 928. 778.4492. Take a Virtual Tour today.
1230 Pebble Springs
Prescott MLS # 941801
Offered at $319,900
Take the Virtual Tour
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Prescott Photos - Granite Dells
November 3rd, 2009 categories: Prescott Photo Album
This photo of Granite Dells was taken from Hwy 89, heading North.
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