Pam's Prescott Blog

All markets are local, and many of my clients, both sellers and buyers, want to know, "What is happening in the Prescott market?"  With that in mind, I'll be adding a monthly update to my blog highlighting the local market conditions.

I get my statistics from the reports produced by the Prescott Area Association of Realtors.  (I promise I'm not making them up!)

For the Greater Prescott Area in July...

Sales of single family homes were up a whopping 32.8% and new listings were down 2.35% from June.  This is very good news!  In fact, sales were actually up 14.35% from one year ago.  Remarkably, the average sales price for July was also up 2.97% from the previous month, but down by 8.38% from one year ago.

Overall, those are very strong numbers that seem to coincide with news reported this week that sales in the West had moved up, in some places quite substantially.  I'm getting a lot of calls from buyers right now, mostly retirees who want to live here.

Will August follow the same trend?  It's hard to tell, but there are more homes listed as "Sale Pending" right now than all of the "Sales Closed" for July.  Many of them will close in September, which looks to be a stellar month.

Dori Vick, my mother and partner, with over 25 years in the business, says, "People always migrate in the fall and the spring."  So hang in there if you've got a house to sell and get going if you are ready to buy.  My feeling is that things are picking up!