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Prescott AZ market update

By
Real Estate Sales Representative with HomeSmart Fine Homes and Land

We subscribe to an e-mail newsletter (eppraisal.com) which recently had an article we thought you'd like to see.  They track the market values in 189 towns across the U. S., including Prescott.  In their latest report covering the previous 6 months, they showed that most towns were still declining in value, however Prescott appears to have leveled off. You can read the article and see the list by clicking the links below.  When you look at the rankings, Prescott is #14, right on the cusp of moving back into increasing value. Click to see the graph for more info.

                                                                Read full article.

                                         See a complete list of national rankings.

This info validates how we've been feeling the past couple of months.  It seems like we've been busier now than we were during the summer - and this is usually one of the slower times of the year, with holidays, etc.  We've had more calls, more web hits, more showings, etc. These things, together with the lowest interest rates in decades, plus the efforts that the government will be putting into place, make us feel encouraged that we are heading out of this difficult time.   In past downturns, Prescott has been among the last towns affected and one of the first to recover.  The attached ranking list seems to confirm that.   

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