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Prescott Arizona Ranks High Among Great Places to Live
Is Prescott real estate overpriced? I guess it depends on where you come from and what you are looking for in a city. See the list below of magazines and companies that think Prescott is a great place to live and worth it. 1. One of the Top 5 Places to Retire - Money Magazine 2. 3rd in the country (all metro areas) … [Read More...]
Top 10 Reasons Why You Should Stage Your Prescott Area Home
1. You Will Make More Money U.S. Housing and Urban Development reports that a staged house sells, on average, 17% higher than a non-staged house. 2. Your House Will Sell Faster = Less Headaches and Hassle The New York Village Voice reported that the average number of days on the market for a staged house was … [Read More...]
Prescott AZ Ranks #4 for Best Place to Retire: CNNMoney.com
Why do people keep coming to Prescott and Prescott Valley? It's articles like this one: CNNMoney.com 25 Best Places to Retire Your post-work years are a time to improve your golf game, take up a new hobby, or just enjoy a well-deserved break. In these great college towns, you can expand your intellectual horizons too. Prescott, … [Read More...]
Home Ownership Matters: Home Ownership and Parenting
This article from the National Association of REALTORS applies to residents of homes in Prescott and Prescott Valley as well as the rest of the nation. Despite our decline in home values, owning a home means much more than how much we can resell it for. October 20, 2010 By Selma Hepp, Research Economist The impact … [Read More...]
Prescott Real Estate Market Report Update
The median sales price for homes in Prescott Arizona for Aug 10 to Oct 10 was $219,250. This represents a decline of 0.3%, or $750, compared to the prior quarter and a decrease of 12.2% compared to the prior year. Sales prices have depreciated 29% over the last 5 years in Prescott. The average listing price for … [Read More...]
Prescott real estate is priced too high by some homeowners
The Prescott and Prescott Valley real estate markets are obviously very volatile in the current economy. This fact needs to be considered when you are in the process of selling a house and setting your desired price. Most sellers hope to get the transaction finalized at their asking price, but depending on the market, … [Read More...]
First Time Buyers Made up Over Half of New Homeowners
First-time homebuyers accounted for half of all home sales from July 2009 through June 2010, according to a National Association of Realtors survey of buyers and sellers. My personal experience mimics this with several buyers this year for homes in Prescott and Prescott Valley. That's the highest share of first-time-buyer … [Read More...]
How to Recognize a Buyers Market
Are we in a buyer's market in the Prescott Real Estate market? You betcha! Here's an article from Realty Times that indicates we are: By Carla Hill, published on October 7, 2010 in Realty Times: Are you on the search for a new home? Are you a first-time home buyer ready to enter the market? Then a buyers … [Read More...]
Zillow Reports That Fewer Homeowners are Reducing Their Prices
For the first time in five months, fewer home sellers cut the asking price of their home in August, according to the online real estate marketplace Zillow. This is a another sign that the market is near bottom or at bottom in the Prescott market area. As of the end of last month, the company says just over one-fourth, … [Read More...]
Housing Affordability Near Record High Nationwide and in Prescott Arizona
Helped by favorable interest rates and low home prices, housing affordability in the second quarter hovered near its highest level of the past two decades, according to the Housing Opportunity Index developed by the National Association of Home Builders (NAHB) and Wells Fargo. It was the sixth consecutive quarter that the … [Read More...]
