http://www.MyPrescottHome.com/blog Insight Into the Local Prescott Real Estate Market Tue, 25 Nov 2008 05:34:18 +0000 http://backend.userland.com/rss092 en 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” ... http://www.MyPrescottHome.com/blog/?p=70 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 ... http://www.MyPrescottHome.com/blog/?p=62 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 ... http://www.MyPrescottHome.com/blog/?p=61 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 ... http://www.MyPrescottHome.com/blog/?p=60 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 ... http://www.MyPrescottHome.com/blog/?p=59 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 ... http://www.MyPrescottHome.com/blog/?p=54 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 ... http://www.MyPrescottHome.com/blog/?p=47 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 ... http://www.MyPrescottHome.com/blog/?p=46 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 ... http://www.MyPrescottHome.com/blog/?p=44 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 ... http://www.MyPrescottHome.com/blog/?p=40