The Prescott and Prescott Valley market continue to show a decline in the average prices compared to the same period of 2008.  Average price per square for Prescott AZ was $136, a decrease of 15.5% compared to the same period last year.  The median sales price for homes in Prescott AZ for July 09 to Sept 09 was $249,248 based on 327 home sales. Compared to the same period one year ago, the median home sales price decreased 16.5%, or $49,232 and the number of sales increase 18.5%.  As of he week ending 10/28/09, there are 2,226 resale and new homesThe average listing price for homes for sale in Prescott AZ was $456,456, which represents an increase of 0.2% or $874 compared to the prior week.

Average price per square foot for Prescott Valley was $99, a decrease of 18.2% compared to the same period last year. The median sales price for homes in Prescott Valley AZ for July 09 to Sept 09 was $153,250 based on 302 home sales. Compared to the same period one year ago, the median home sales price decreased by 20.8% or $40,250 and the number of home sales increase by 3.1%.  As of he week ending 10.28.09 there are 720 resale and new homes in Prescott Valley. The average listing price for homes for sale in Prescott Valley was $238,437 for the week ending 10/28/09, which represents an increase of 0.9% or $2,054 compared to the prior week. Popular neighborhoods in Prescott Valley include Prescott Valley units and Stoneridge (the Master Planned Golf Community) with average listing prices of $171,383 and $283,077.