Prescott, AZ Real Estate News

By Ken Nimmo
(National Real Estate of Prescott )
I get calls from all over the country.  They like the mild climate and the centralazation of the area. There are many things to do that are only a couple of hours away. Phoenix,Grand Canyon, Sedona,Laughlin, Lake Havasu and even Las Vegas.  This is everyones hometown and is growing.  Every month it seems like new stores and restuarants are opening in the tir-city area.  Construction has slowed but there are signs it may pick up.  It is a good time to look for deals as the buyer is in power. UNlike the past couple of years sellers are now dropping prices, helping with closing cost. I must admit if sopmeone is looking to buy in Prescott they can get a great deal. Unlike in the recent past where prices were sky rocketing they now have been dropping. So if your looking for a deal or looking...
Comments 0
By Erelopro Out of Business, Relocation Professionals are out of business
(erelopro)
If you are a Realtor in Prescott, Arizona.... wow... you are lucky! I recently took a trip up to Prescott (they like to pronounce it (PresCUT) to visit some family up in the Chino Valley area and was taken back by how beautiful that area really is. I last went up to the Prescott Valley area back in 2004, and it has changed quite a lot. It appears that the population has increased quite a bit since I was down there. The weather wasn't the best, as it stormed a bit, but it kept the heat down. I went through the Phoenix area and it was 105°, where Prescott was only 89°. The real estate market still looks strong there, and there are some really nice houses. I hope my next visit wont' be in 4 years... next year would be a nice time frame to visit Prescott again!
Comments 0
By Donald Teel, ABR, CRS, GRI
(Prudential Northern Arizona Real Estate)
Want to blog with local residents about Prescott Arizona?  You can do so at the Prescott CityBlog. In fact, anyone can blog any city in the USA by loging on to www.CityBlogUSA.com. You can also blog any city in Arizona by jumping onto www.ArizonaBlogPage.com.
Comments 0
By Donald Teel, ABR, CRS, GRI
(Prudential Northern Arizona Real Estate)
The real estate market in Northern Arizona should be described as slowly declining in property values. Communities such as Sedona, Flagstaff, Prescott, Payson and others are dependent upon feeder markets such as California, nevada, Florida and even metro Phoenix for their absorption rate. Clearly the feeder states for Prescott, Arizona real estate are in the wake of the powerful foreclosure tsunami and it will be 12-24 more months before any semblance of normalcy is reached. Posted by Donald Teel, Prescott Market Leader.
Comments 0
By Michael Dougherty, Your Professional Information Source for Prescott
(HomeSmart Fine Homes and Land)
Prescott Area AZ Real Estate Update June '08 The market continues to remain a strong Buyers Market in Prescott, Prescott Valley, Chino Valley & Dewey.  Here are the latest stats for the week ending 6/30/08: Active Listings- Single Family Homes: 2587 Homes Pending: 81 Homes sold in last 30 days: 119 Burn rate (Inventory on market / by homes sold last 30 days) = 21 months supply Avg. Sale price (Solds): $307,000 Avg. Days on Market (Solds): 161  Please visit our website www.DoughertyHomeSites.com
Comments 0
By Craig Mann
(Keller Williams Check Realty)
It's still a strong buyer's market these fine spring days here in Prescott, Az. Lots of inventory, sales are sluggish, and people are waiting for the absolute minimum prices before they risk buying. If you are trying to sell your home you already know this as it's probably sitting still on the market. The old saying is "When life is dishing out lemons, make lemonade". So the real estate market is favoring buyers in a big way. If you have money for a house, buy one. There are some fabulous deals out there, call me and I'll prove it. If you don't have a mattress full of cash, consider another approach. Does your home need any help to have better curb appeal? Have you been watching those TV programs like "Flip this House"? Tell the truth now, they are wildly popular. The most profitable th...
Comments 0
By Craig Mann
(Keller Williams Check Realty)
The Prescott, Az. slogan is "Everybody's Hometown". Think of it as more of a welcoming phrase than a point of origin. And speaking of hometowns... most of us are from someplace that has fond memories, family connections, and maybe you like to go visit occasionally to see how people and things are doing. In perspective Prescott is not trying to replace your hometown, it's more like you can be on vacation here permanently and keep your point of origin. If you are from a small town then you will feel at home immediately. If you came from a bigger city and have had enough of the rat race you will be amazed at the Hometown feel of Prescott. Our biggest group comes from the Phoenix area. Our population is 41% retired and they brought their economy with them. We can't compete with Phoenix Metr...
Comments 1
By Craig Mann
(Keller Williams Check Realty)
The "Buy Cheap and Sell Deal" concept will work very well in any business on earth. The snag in real estate is there are buyer's and seller's markets that run a predictable cycle and it's hard to have a buying AND selling advantage at the same time. However, there are so many advantages you can take in real estate it's no wonder they call owning a home the American Dream. Some tried and true ideas- Renting? Get serious. Do whatever you have to do to stop renting ASAP. The instant you buy a home your bottom line starts to improve and you are paying yourself in the long run. Typically your home will go up in value over time, paint once in a while, plant some flowers, invite some friends over and grill dinner. Make a fort or a swing for your kids and they will never forget it. Resist the i...
Comments 2
By Craig Mann
(Keller Williams Check Realty)
Today's moral of the story- ATTITUDE IS ONLY EVERYTHING! Actually, that's the moral of the story every day, deal with it. Here is some arguable proof- In the last 30 days there has been a noticeable increase in sales and walk-in traffic in our fine office near the Courthouse Square Plaza, beautiful downtown Prescott, Az. These people are largely "Glass is Half Full" type folks. They are here looking at and buying real estate even though the headlines are whining about a recession, housing bubble, the sky is falling, etc. Nonetheless, the values are fabulous for a handful of brave crusaders who waded back into real estate. Does this mean the "slump" is over? Nope, the statistics show we will stay in this strong buyer's market for some months at least. Mind you, this is only bad news if y...
Comments 0
By Craig Mann
(Keller Williams Check Realty)
Have you heard someone say "Yeah, I remember when you could buy a house for 5 grand", or "I can't believe how much more expensive houses are these days". These brilliant philosophers are exercising their skills of hindsight. That is to say there is some wisdom in looking back to where we came from, especially if we are planning use the lesson to move forward along with the rest of the world. Hindsight is famous for being 20-20. Yes, we can accurately predict the past, almost without fail if we are careful. In order for this process to be considered wisdom there should be one more defining step in the process. Consider that history teaches us about the future as well as the past, market cycles repeat, and we can all take advantage of these events. Houses did in fact cost $5K about 100 ye...
Comments 0
By Craig Mann
(Keller Williams Check Realty)
We have to decide what is real and what is puffed-up when it comes to advertising. The focus of this article every week is real estate but we are all influenced by the barrage of advertising from all industries- No Money Down, Bad Credit OK, We'll double the offer, just pay extra shipping, No Closing Costs, Call in the next 10 minutes.... and so on. These types of offers have a cumulative effect on our shopping sensibilities so when we get around to shopping "in the real world" we tend to expect the glitzy promises, some dazzling salesperson talking non-stop, and the bright lights of the whole process need to blink like Las Vegas to add to the drama of parting with our money. Let's Get Real, as in Real Estate. If you just can't help yourself from buying things on the shopping channels o...
Comments 0
By Phil DePasquale
(Sedona Elite Properties Management, Inc.)
We go every year.  What started out being on the outskirts of town is now "right in the middle of Prescott."  Great way to enjoy the 4th!  See you there..... Since 1888 folks have come from miles around to see what the ruckus in Prescott, Arizona was all about. Every year that ruckus gets bigger, the contestants more daring and bold. When the bulls, the horses, the clowns come to town...well, let's just say you'll want to see what's kicking up all that dust. Without giving away the show, we can tell you it's about top athletes competing for big dollars. It's about broncos throwing their hooves any which way, bulls that are mad at the world, and leather straps holding cowboys together. It's about time you came to the Prescott Frontier Days®, Inc.  2008 World's Oldest Rodeo®.   We're the ...
Comments 0
By Ken Nimmo
(National Real Estate of Prescott )
"Prescott is everyone's home town""Prescott is a deck community"Hey what can you say about the area. 4 mild seasons. A little snow in the Winter. Some heat in the Summer(not to mention the awesome monsoons)Some wind in the SpringSome Cicadis in the Fall ( LOL )Only a couple of hours from all kinds of recreation not to mention all the things to do locally.Anyway the area even in today's market is growing. Tons of commercial and the subdivisions are putting along and there are some custom homes being built to. Along the main drag between Prescott and Prescott Valley is a busy busy place these days with hotels, apartments and many storesand restuarants popping up. There is even a Arena football team, Playoff hockey team and many events at the Tim's Center For the market to be so bad there ...
Comments 2
By Jim Bacon
(Pillar To Post)
An interesting success story in a tough real estate market.  A husband and wife team of agents that I work with called me to perform a pre-listing inspection for a client of theirs.  The property was a 2 bedroom/2 bath "Cabin in the Pines" of about 1100 sq. ft. outside of Prescott, AZ. The owner planned to list since he seldom used the property (a second home) and felt the money could be used more effectively elsewhere.The Realtors had worked with this client before (they had helped him buy this property) and knew him to be a realist and a sound business man.  They evaluated the property and the local "comps" and put together a plan.  A key issue was the sellers motivation, he didn't need to sell but wanted to better utilize his funds.The listing meeting with the client had them present...
Comments 2
By Charlie & Kathy Musarra & Renken
(HomeSmart Fine Homes and Land)
Are you looking for the absolute best place to retire? We have many wonderful amenities to offer - small, hometown atmosphere, entertainment, outdoor activities, lakes, mountains, shopping, perfect weather, a variety of communities. Contact us for information. We will send a relocation package as well as real estate information. Are you planning a move to the Prescott Arizona area? If you are interested in purchasing a home, Kathy Renken and Charlie Musarra, with Keller Williams Check Realty are here to help you with a smooth relocation. Kathy and Charlie have over 20 years of combined experience in new home Sales, Senior Retirement Communities, Golf Communities, etc. With the team of Kathy and Charlie, you'll always have your needs attended to. Our services are free for buyers. Honesty...
Comments 2
By Sue Holden
(West USA Realty)
If you are looking for a great place to retire, take a look at Prescott, Arizona.  Listed by Money Magazine as one of the top places to retire, Prescott has it all.  Mild, 4-season climate, over 300 days of sunshine, clean air, low crime, friendly people and a small-town feel with the amenities of a larger city.  Great shopping with Dillards, Sears, J.C. Penney, Kohls, Costco, Home Depot, Lowes, Chicos and more.  Lots of diverse housing styles, not the cookie cutter style subdivisions.  Homes in the pines, on a golf course, or on mountains with fantastic views.  Prescott has it all. 
Comments 4
By Dave Hamill, Prescott, Arizona Real Estate
(EXIT Realty Legacy)
 Just a few thoughts here about the Prescott area real estate market.  First of all, it's important, if you're from these parts, to remember that economically, the Prescott area doesn't typically follow most of the media's  alleged "national" trends.   We live (and have for many years) in some of the most desired living space in the whole country.  I can remember when Prescott Valley only had about 5000 people, a couple of paved streets and everybody's sewage was dealt with by septic systems.    Now the streets are all paved, almost everybody's on the sewer system, and there's around 35,000 of us!  I heard on the radio yesterday that Prescott's over 40,000.  Exceptional growth has been the trend here for almost two decades, and I don't think it's a news flash for any of us that the tren...
Comments 0
By Michael Klein, CRB, GRI, E-Pro
(Help-U-Sell of Prescott)
 A friend of mine recently attended a Conference sponsored by Charles Schwab.  James Smith, Chief Economist with Parsec Financial Management presented a program entitled "The U.S. Housing Market: Better Times Ahead" .  In his presentation Mr. Smith brings up some very interesting points regarding home ownership in the United States, the demographics of home ownership and what these statistics signal for the future.From 2004 through 2006 home ownership rates ran about 69% with a slight downturn in 2007 to 68.4%.  Many housing experts believe that due to U.S. demographics and mobility habits of Americans a ceiling of approximately 75% is realistic.  Mr. Smith looked at how home ownership rates varied by age group, the lowest rate of home ownership was among people under 25 years old.  Thi...
Comments 3
By Talking Rock Ranch
(Talking Rock Ranch)
CNNMoney.comBy Paul Kaihla(Prescott Valley Arizona Real Estate)November 28 2007: 2:53 PM ESTIf your business suffers from real estate blues brought on by plummeting prices, it may come as little comfort to know that this trend was supposed to have ended by now. When the market began its downturn in early 2006, some of the smartest economists in the country, as well as the CEOs of major home-builders and the National Association of Realtors, predicted that prices would rebound by mid-2007. Instead the experts have been humbled by the depth and breadth of the downturn - and the resulting sub-prime credit crisis has shaken financial markets around the world.Expect tremors to keep shaking the real estate market along multiple fault lines in 2008. Here are the winners and losers in the housi...
Comments 0
By Michael Klein, CRB, GRI, E-Pro
(Help-U-Sell of Prescott)
As you drive around town you will see preparations being made for the Courthouse Lighting scheduled for December 1st.  If you have not experienced the lighting, it is worth the trip.  The traditional reading of the Christmas story, Christmas carols on the Courthouse steps and the lighting of the Square.  If you can't make it to the actual lighting, the lights stay up through the New Year.  In addition, Prescott Valley sponsors the Valley of Lights.  Drive through Fain Park and enjoy the Holiday light displays.Check the links below for more information on these and other Holiday events.http://www.cityofprescott.net/visitors/http://www.pvchamber.org/index.cfm?pid=3 
Comments 0