Check out my blog at www.Prescott-Area-Foreclosures.com Search for the latest foreclosed and short sale listings in the Prescott area Go to www.Prescott-Area-Foreclosures.com
Prescott Area Foreclosure/Short Sale Activity As of 02-28-09
Business is brisk

The distressed real estate market in the Prescott area was busy again this week with 18 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system.  From the sales side they represented over half of the homes sold, and were over half of the sales that went into escrow.

The difference between what traditional pricing and Prescott foreclosed/REO and short sale properties per square foot remains with strong at a 23% discount. 

Thinking about buying a short sale in the Prescott Foreclosure or Prescott Valley Foreclosure market? See this article on my blog to get prepared:  10 questions for Prescott AZ short sale brokers
 

  Foreclosed and short sale homes new on market in last 7 days*  
  MLS Address City List Price  SQFT  $/SQFT
  935687 4400  Juniper Dr Chino Valley $196,860     3,984 $49
  935707 19475  Saguaro Black Canyon City $110,000     1,864 $59
  935605 3601  Christine Dr Prescott Valley $139,900     2,345 $60
  935654 8149  Donna Rd Prescott Valley $68,900     1,000 $69
  935683 12914  Delgado St Prescott Valley $159,900     1,956 $82
  935576 13108  Santiago Dewey -Humboldt $140,000     1,637 $86
  935648 959  Caballos Dewey -Humboldt $165,240     1,893 $87
  935532 5443  Wickiup Road Prescott Valley  $142,900      1,593 $90
  935661 4600  Cherokee Cir Prescott Valley $144,690     1,399 $103
  935647 1724  Willow Creek Prescott $156,900     1,362 $115
  935666 1245  Road 3 South Chino Valley $311,525     2,637 $118
  935651 7469  Plateau Ridge Dri Prescott Valley $173,900     1,425 $122
  935518 13850  Quail Run Dewey -Humboldt $250,000     2,041 $122
  935565 7976  Crooked Creek Prescott Valley $205,000     1,670 $123
  935541 3500  Grey Fox Drive Chino Valley $264,900     1,890 $140
  935569 1154  Sunup Dr Prescott $163,900     1,040 $158
  935524 333  Dreamweaver Drive Prescott $349,000     2,094 $167
  935567 2305  Bridle Path Dr. Prescott $989,900     4,900 $202
    # of Homes Listed: 18      
         Average $229,634    2,041 $108
         Median $164,570    1,877 $109
  MLS Data: 2/28/2009 *Source: Prescott Arizona Area MLS (PAAR)  

To get more information about any of these listings or any others in Prescott, Prescott Valley,
 Chino Valley or Dewy-Humboldt areas, feel free to contact me, or you can search by MLS
number, address, or lots of other ways in our Search the Prescott MLS section.  


Find Foreclosures Nationwide! Use Nation's #1 Source That Successful Investors Use!
 

New Listing Stats Last 7 Days*
  REO/Short Sale Traditional  
New 18 74 20%
List $/sqft $108 $153 29%
Pending 17 15 53%
Closed 12 11 52%
Sold $/sqft $90 $117 23%
  *Source: Prescott Arizona Area MLS (PAAR)

New REO/Short Sales listings are 29% less per square foot than traditional resales this week.

 

The percentage of foreclosed/REO/short sale new listings on market went up a little from 19% to 20% this week.  Last week 58% of the pending sales were REO or Short Sales, and this week they were made of 53% of the deals going into escrow.  The amount of REO/Short Sales that closed last week went from 32% last week to 52% this week. 


Featured Listing: SHORT SALE

1201 Just Ray Ranch Road, Chino Valley

$185,000 Only $61/sqft! On 2.5 acres.

Listing Courtesy of DARLA GRANVILLE, WEST USA REALTY

10 questions for Prescott AZ short sale brokers


Patrick Schutte


REALTOR®, CBR, e-PRO
CERTIFIED FORECLOSURE
SPECIALIST


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