Prescott Valley Real Estate Market Trends – Arizona

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Prescott Valley Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > Arizona Real Estate Market > Prescott Valley Real Estate Market

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Prescott Valley. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 928-776-7701
Average Home Price	$150,000 - View Graph Trend

Average Price Compared to Last Year	Down 10-15%

Average Time on Market	More than 120 days

Best Selling Price Range	$100,000 - $149,000

Worst Selling Price Range	$250,000 - $299,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Prescott Valley is	No Change

Seller Activity for the past 90 days in Prescott Valley is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	Some Seller’s can experience multiple offers due to low prices and affordability of homes.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	30-35%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Prescott Valley!

Nearest Metro Area	Prescott

Housing Hot Spots	Most cities within the Yavapai County area are considered ’Housing Hotspots’

Average Sold Price	$150,000 - View Graph Trend

Prescott Valley Local News

News for Prescott Valley, AZ - April 7th, 2011 12:21pm
How is 2011 starting out in Prescott Valley compared to the what we had for the beginning of 2010?? Are our values up or down, is sales volume higher or lower? Well, so far according to our MLS we have had 9 FEWER sales this year compared to last year. The average price for these transactions is considerably less as well (about $19,879) or a 13% drop from 2010. Come on Buyers, prices are much lower than last year and rates are still very low. Take advantage of one of the best times to buy in Prescott Valley. Whe rent and pay off your landlords mortgage when you can own for less / month and pay off your own. Plus there is 100% financing available as well!!

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Mortgage Rates

– Feb 13th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

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