Okay, before I start with this post, let me issue my disclaimers ahead of time. 

I am not an economics expert.
I don’t pretend to know how to solve the mortgage meltdown or present economic recession.
The views I’ll be expressing in this post are simply observations from someone “in the trenches” of real estate, and a […]

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As promised, we’re back on track here with the latest Prescott area real estate reports.  Ed Pattermann, Prescott area Windermere broker, has a knack for putting all these statistics into a very informative format.  Click on the links to these monthly graphs, and then I’ll discuss some of the trends we’re seeing here in Prescott.
Active […]

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As wonderful as computers are, they sometimes seem to be the bane of my existence.  It all started about three months ago . . . First of all, the hard drive on my Broker’s computer crashed, resulting in a couple missed months of those great market update graphs he provides to all us Windermere agents.  Then my Word program started […]

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Location, location, location.  Of course, everyone’s heard the real estate agents’ mantra many times.  But it’s true.  In a “hot” market, the importance of location is sometimes minimized as buyers vie for a limited amount of inventory.  However those same buyers are the ones that suffer when they try to resell, especially in a soft […]

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THE ANSWER TO THAT QUESTION is going to depend on many things.  First of all, if you’ve been following the Prescott housing data for the past several months, you are well aware that the local market continues to be in a slump.  Therefore, prices will probably continue to soften in order to sell off some […]

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Well the latest Prescott area housing figures are out, and it’s a pretty sad picture indeed. 
Prescott area residential sales (as recorded in the Prescott MLS) are down 39% as compared with year-to-date sales for 2007.  
       
Meanwhile Prescott area Residential Listings (all areas as recorded in the Prescott MLS) have increased from 2,249 in May 2006 to 3,072 in May […]

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What’s the weather like in Prescott?  I hear this question frequently from folks looking to relocate to Prescott from another state.  Of course the answer is going to somewhat relative, but the description of “mild four season weather” is typically used to describe Prescott’s climate. 

Since I grew up in the Colorado/Kansas/Nebraska area, I find […]

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I know you’re thinking that’s a very odd question.  But listing your home and selling your home are not necessarily synonymous.  Unfortunately sometimes agents and sellers don’t figure this out until a lot of time, effort, money, and frustration have gone into trying to sell a house where the owners really only wanted to “list” […]

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Okay, I admit it.  I’m a huge HGTV fan.  Since I love to remodel and decorate I enjoy shows that focus on style and color.  But as a real estate agent I really get a kick out of shows like “Sell This House”, “What You Get for the Money”, and of course “House Hunters” and […]

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The April 2008 Prescott area housing reports are out.  (See graphs below.)  While the reports do confirm that home sales in the Prescott tri-city area are up slightly, I must admit I am disappointed that the upward trend in sales is almost negligible.  
It is difficult to pick out the bright spots in the current housing report, […]

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