The Prescott AZ area condo market took a dive in July with only 4 solds. 2 of these were REO or shorts sales (highlighted in yellow), which typically sell for less $/sq ft.
| Prescott Area Condos, Townhomes, Patio Homes Closed – July 2010 | |||||||
| Address | City | List Price | Sale Price | SP/LP | SQFT | $/SQFT | CDOM |
| 1074 Stratus Wa | Prescott | $119,900 | $105,000 | 87.6% | 1,750 | $60 | 136 |
| 2770 Joshua Tre | Prescott | $139,900 | $130,000 | 92.9% | 1,380 | $94 | 68 |
| 1716 Alpine Mea | Prescott | $189,900 | $182,000 | 95.8% | 1,785 | $102 | 63 |
| 534 Goshawk Tr | Prescott | $500,000 | $450,000 | 90.0% | 2,707 | $166 | 995 |
| # of Homes: | 4 | ||||||
| Average | $237,425 | $216,750 | 91.6% | 1,906 | $106 | 316 | |
| Median | $164,900 | $156,000 | 91.5% | 1,768 | $98 | 102 | |
| MLS Data as of: | 8/1/2010 | *Source: PAAR MLS | |||||
If you are waiting on the sidelines to buy a property in the Prescott, Prescott Valley, Chino Valley, or Dewey-Humboldt market area, consider a foreclosured or REO property. I can make the process as painless as possible.
See this post before you get going:
Top 10 tips to win the REO multiple offer game