Activity in the distressed home market in the Prescott AZ area was weaker this time with 15 homes closing in the last 15 days of April. This compares to 44 homes sold by traditional resales during the same period.
The average price per square foot for REO and short sales was $88 and the average time to sell was 160 days compared to $133 per square foot and 190 days on market for tradional resales. You can see that the REO and short sales market in Prescott and Prescott Valley is moving much quicker and at a much lower average price.
Short sales increase: of the 15 homes sold, 6 were short sales (highlighted in yellow). Short sales can take a long time, see this post: How to help speed up a short sale tips
Almost 1/2 of the homes sold asking price or more (see original post) and got probably got multiple offers to get there.
Search for Prescott area REO/Foreclosed and Short Sale Listings
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