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.
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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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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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We home stagers are fond of reminding folks of a couple of advantages to be attained by having a home staged before placing it on the market. We mention that homes which have been staged usually sell in a shorter amount of time than the competition which has not had the advantage of staging. 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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Well, the March numbers are in, and it’s not a pretty picture.  (Check out the graphs below.)  Of course, the March statistics reflect February contracts that closed in March, so hopefully April’s stats will be much improved as move into Spring.

It’s not all bad news, though.  In visiting with other real estate agents, mortgage lenders, […]

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If you find the possibility of  buying a “property in foreclosure” a little confusing, you’re not alone.  The process will vary from state to state and from lender to lender, and not all stages of foreclosure are an optimum time to purchase, either.  My intention with this post is to clarify the general stages of […]

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It’s a good news, bad news scenario with the Prescott real estate market.  The good news is housing inventory is shrinking.  That’s good news for sellers who currently have their home on the market.  The bad news is it will probably mushroom again in early spring.  That’s good news for buyers planning on relocating next […]

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