Is the real estate market slowing down?

As you can see from the chart below we had a slight drop in Median Home Sales Price for the month of March.  There are several factors that can attribute to this slight pull back.  One major factor that we know of was that April 15th kept some buyers out of the market until they knew what the IRS was going to take.


Overall a slight pull back like this is not the end of the world.  We have seen great year-over-year growth and a small correction is expected.  Prescott did see a large correction in the downturn, but has since rebounded nicely.


For more information or statistics contact Luther Kraxberger at 928-275-1657 or luther@kw.com.

How is the Prescott Real Estate Market Doing?

The chart below is pretty telling as to the ever changing home sales prices in the Prescott real estate market.  As you can see there has been some positive movement in the last few years and we can say that the bottom of the market in 2011 was a good sign that there are still people out there buying homes.


We will always see new buyers come into the real estate market and as long as Prescott continues to be a place of retirement, we will continue to see home sales move higher.  The housing bubble was detrimental to the Prescott area, but the bursting of the bubble helped those individuals looking to purchase a home at a lower price.  Now that those individuals who purchased in 2011 are stable in their home growing their equity with time and payments they are able to stabilize the real estate market even more and help home values rise.


Take time to review this chart and if you have any questions please contact Luther at 928-275-1657.


The ever changing statistics of the Prescott Real Estate Market

How much is my home worth?

There are so many factors that go into the value of your home.  In today's market there is a lot more that goes into a home's value than simply price per square foot.  Prescott, Arizona is the market that I sell real estate in.  There are a lot of factors that play into the value of your home in Prescott, AZ. 


Factors such a location are key in any real estate sale, but even more important than location is price.  Pricing and valuing your home are two separate issues. The only way to really determine the value of your home is to find a buyer and sell it to them.  The buyer and seller agreement is what determines market value on a home in Prescott.


When we really drill down to what factors play into the value of the home location is definitely key; don't get me wrong.  But if you have a home in the best location possible and have it priced wrong, it will never sell. 


If you're really looking to find the value of your home in Prescott Arizona, then I would be happy to drop by and give you a current market analysis of its approximate value and determine whether or not now is a good time for you to sell.  Simply go to this link: http://luther.kwrealty.com/sell/, fill out the form and I will be in touch with you shortly. 


For more information contact Luther Kraxberger Realtor® at 928-275-1657 or luther@kw.com.

Location Location Location---Home Close to Downtown Prescott with Guest House!

This large 1.07 acre lot is only minutes from downtown Prescott, but sill has the feel of being out away from town and in the woods.  It does not get much better than this with the largest front yard you could ask for and a completely fence lot.  You will be able to enjoy the seclusion of this home and yet be only 10 minutes from the square.

 

If you are looking for a home that allows you to spread out, then look no further.  Homes in this price range are all over the place and it is hard to narrow down what it is that you're looking for.  This home features two different master suites, a guest bedroom, dining room, living room and a separate studio apartment.  At the very least take a look at this listing and take time to appreciate all that it has to offer.

 

Many people looking for a home are also looking for an in-law's quarters or a guest suite.  This has a completely separate guest studio apartment.  It has a galley kitchen and a bathroom.  Your part-time guests or full-time guest will have the privacy they want, but still be close enough to you for support.


For more information please visit the full listing by clicking here: 2683 Burnt Ranch, or contact Luther Kraxberger Realtor® at 928-275-1657 or luther@kw.com.  http://luther.kwrealty.com/

Modern Home with Views and Outstanding Location in Prescott, AZ

If you're looking for a home that has an ideal location, then look no further.  This 3632 square foot home has hilltop views all the way to Flagstaff.  38 Pinnacle Circle in Prescott has an amazing hilltop location with views from Granite Mountain to the Prescott Dells.  This home has unobstructed views that will take your breath away.  The floor to ceiling glass windows and doors allow you to actually enjoy the views.

This luxurious estate on 2.63 acres features a totally remodeled home, both inside and out.  Everything from the electrical and plumbing to the appliances and fixtures are new.  Even the door hinges and locks have been replaced.  You will be able to rest assured that no expense was spared in this extensive remodel.  Not only that, but you will be able to add you own creative touch with this open concept floor plan and beautiful chef's kitchen.

Yakashba Estates is a quite community located just minutes from Downtown Prescott.  It features large 2 acre lots that boast some of the most beautiful and unique homes Prescott has to offer.  You will not be disappointed when you live in Yakashba Estates.  The community boasts well maintained roads that keep the setting from feeling too much like a massive subdivision.  This will keep your home's value and maintain a sense of luxury as you drive to your estate on the top of Pinnacle Circle.

The home is currently featured on www.ShopPrescottHomes.com and is also currently for sale in the Prescott MLS.   For more information please contact Luther Kraxberger Realtor® at 928-275-1657 or email me at luther@kw.com.