Prescott Real Estate Sales Data for April

Your Market Data for:

Prescott

May 2012

Your real estate information source.

Welcome to the latest issue of my newsletter!

As a real estate professional, I strive to keep in touch with my clients and provide them with information that I hope they will find useful. This newsletter is an opportunity to let you know about the state of the market and current trends. It may even touch on ways that you could enhance your home's value. I hope the market data and articles will help you with understanding real estate today and help you with your real estate decisions. If you have any questions, please do not hesitate to contact me.

Brad Bergamini, Pam Martin, Nancy Christopherson

Trend, Tips & Tricks

Prescott Real Estate Sales Data

Average Listing Price (last 12 months)

AVERAGE LIST PRICE IN APRIL

Single Family Homes

$452,479

Condos/Townhomes

$197,397

Multi-family Homes

$439,895

An Easy Furniture Fix - Without Calling an Expert

Mask scratches in wood furniture

Although furniture refinishers would prefer to have your business, you can save hundreds of dollars by hiding scratches using one of several inexpensive methods. Pick up a putty pencil or scratch polish from the hardware store. Make sure it matches the color of your wood finish. Apply as directed, and presto! The scratch disappears-not your money.

Prescott Real Estate Sales Data

Days on Market (last 12 months)

CURRENT AVERAGE DAYS ON MARKET IN APRIL

Single Family Homes

190

Condos/Townhomes

157

Multi-family Homes

262

Home Improvements and Which Ones to Do

Whether you plan to sell in the near future, or just want to improve the value of your home, here is one low cost improvement you should consider.
Replace laminate kitchen countertops. This is a more expensive project than just painting, but it can dramatically improve the look of your kitchen-for less than 15 percent of the cost of gutting your kitchen and starting over. The laminates of today are available in all kind of colors and patterns, some of which resemble much more expensive solid surface materials, such as stone or tile.
Another benefit-replacing your laminate kitchen counters can be a one-day job, rather than the 8-12 weeks of disruption you can expect with a complete kitchen remodel.

Prescott Real Estate Sales Data

Price Reduction (last 12 months)

RECENT PRICE REDUCTIONS IN APRIL

Single Family Homes

5.6%

Condos/Townhomes

6.1%

Multi-family Homes

11.1%

Keys for Buying and Selling when the Market is slow

It's a whole new world for home sellers. So, how do you make your house stand out so it will sell when sales are slow?
Curb appeal. After pricing, nothing will bring more potential buyers into your home than a house with outstanding curb appeal. Take a walk down your street with a critical eye. How does your home stack up from the outside? If it doesn't stand out from the rest then it's time to get to work.
Consider home staging. The quickest way to add value to a home for sale is a fresh coat of paint. After that, you may want to consider home staging-either do it yourself or hire an outside firm. A home staging professional will come in and take away some furnishings and rearrange others to make your home show better and to make it home more appealing to prospective buyers.

Prescott Real Estate Sales Data

Average Listing Price (last 12 months)

LIST PRICES FOR SINGLE FAMILY HOMES IN APRIL

High

$14,000,000

Low

$40,000

Average

$452,479

Negotiate the best Deal

Buyers are finally being able to take advantage of cooling trends in previously hot markets. Multiple offers are no longer being thrown at sellers as soon as the For Sale sign hits the front yard. Here's a tip about negotiating the best deal.
Multiple Listing Service (MLS) properties usually state what the seller owes. If not, your agent should be able to track down the figures. There's a big difference in negotiating with an owner who owes more than the house is worth and one who has a lot of built-up equity.

Realty Executives Northern Arizona

503 East Gurley Street

Prescott, AZ, 86301

Data is deemed accurate but not absolute, no warranty is given. If you are already working with a REALTOR©