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Sedona Real Estate Market Conditions for Thursday 2-2-12

02-10-12
Beth Larsen, Sedona Arizona
Beth Larsen, Sedona Arizona: Real Estate Agent in Sedona, AZ
  • view my blog
  • Office: (928) 282-4166 x252
  • Mobile: (928) 284-2501

Sedona Real Estate Market Conditions for Thursday 2-2-12

Search All Sedona real estate and Verde Valley real estate MLS Listings Yourself

or

Contact Beth to Have a Custom Search Set Up For You

Sedona Real Estate Market Conditions for Thursday 2-2-12

Presented By: Beth Larsen, Sedona Realtor / RE/MAX Sedona Phone: 928-284-2501
Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sales reported to the association, but is not guaranteed, and is subject to change. Does not contain non-MLS sales data. Market area includes Sedona, Oak Creek Canyon, Uptown Sedona, West Sedona, Red Rock Loop, Chapel, Little Horse Park, Village of Oak Creek, Big Park, Cottonwood, Cornville, Verde Santa Fe, Clarkdale, Camp Verde, Lake Montezuma, Rimrock and Jerome Arizona.
Search the Sedona Verde Valley MLS

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3-Year Trend in the Ratio of Selling Price to Asking Price for the Prescott Area

02-09-12
John Mosier - Prescott's Patriot REALTOR®
John Mosier - Prescott's Patriot REALTOR®: Real Estate Agent in Prescott, AZ
  • view my blog
  • Office: (877) 371-8142
  • Mobile: (928) 533-8142
  • Secondary: (928) 443-5100

The chart below shows the 3-Year Trend in the Ratio of Selling Price to Asking Price for the Prescott Area. The chart shows that the ratios run from a low of 91% in March of 2011 to highs to a range of 94% to 96% most of the time. As our inventory of homes dropped in the last few months of 2011, the ratios are near 95.5%.

3-Year Trend in the Ratio of Selling Price to Asking Price for the Prescott Area

This chart can be interpreted to mean that a Buyer can reasonably expect to pay between 90% and 100% of the asking price. A home that is priced to sell quickly can sometimes attract enough potential buyers that the selling price could actually be above the list price. On the other hand, an overpriced home can often be purchased at a price considerably below the 90% mark.

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Trends in the mix of REOs, foreclosures, Short Sales and Equity Sales in the Prescott, Arizona Area

02-08-12
John Mosier - Prescott's Patriot REALTOR®
John Mosier - Prescott's Patriot REALTOR®: Real Estate Agent in Prescott, AZ
  • view my blog
  • Office: (877) 371-8142
  • Mobile: (928) 533-8142
  • Secondary: (928) 443-5100

The real estate market in Prescott, Arizona is getting a little healthier. This chart below shows that equity sales are returning to around the same higher fraction they were in the last half of 2009.The chart also shows that short sales are only slightly higher at around 12% in the last couple of months while the 3-year average is close to 9%. The encouraging trend is that the sales of REOs (foreclosures) has decreased from a high of 50% to around 32% for the last couple of months. I think Prescott is a healthier market than many other parts of Arizona.

Trends of REOs, Short Sales and Equity Sales in the Prescott Area

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Comparison of REO, Short and Regular Sales in the Prescott, Arizona Area

02-08-12
John Mosier - Prescott's Patriot REALTOR®
John Mosier - Prescott's Patriot REALTOR®: Real Estate Agent in Prescott, AZ
  • view my blog
  • Office: (877) 371-8142
  • Mobile: (928) 533-8142
  • Secondary: (928) 443-5100

The real estate market in Prescott, Arizona is getting a little healthier. The pie chart below shows that 53.5 percent of the sales in December of 2012 were regular (equity) sales. REOs (foreclosures) were 34.2 percent and short sales were 12.3 percent. This is a continuing improvement in that a larger percentage of our sales were equity sales.

Pie Chart, Prescott Area Sales

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Sedona Real Estate Market Conditions for Wednesday 2-1-12

02-07-12
Beth Larsen, Sedona Arizona
Beth Larsen, Sedona Arizona: Real Estate Agent in Sedona, AZ
  • view my blog
  • Office: (928) 282-4166 x252
  • Mobile: (928) 284-2501

Sedona Real Estate Market Conditions for Wednesday 2-1-12

Search All Sedona real estate and Verde Valley real estate MLS Listings Yourself

or

Contact Beth to Have a Custom Search Set Up For You

Sedona Real Estate Market Conditions for Wednesday 2-1-12

Presented By: Beth Larsen, Sedona Realtor / RE/MAX Sedona Phone: 928-284-2501
Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sales reported to the association, but is not guaranteed, and is subject to change. Does not contain non-MLS sales data. Market area includes Sedona, Oak Creek Canyon, Uptown Sedona, West Sedona, Red Rock Loop, Chapel, Little Horse Park, Village of Oak Creek, Big Park, Cottonwood, Cornville, Verde Santa Fe, Clarkdale, Camp Verde, Lake Montezuma, Rimrock and Jerome Arizona.
Search the Sedona Verde Valley MLS

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