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Prescott Real Estate Fun

Brad Bergamini's Blog

By Brad Bergamini | Agent in Prescott, AZ

What I noticed about the market


Ok I look at numbers all day and thought I saw a trend. Home Prices going up on the MLS.. Then I looked at the sales trend and the price of homes being sold has come down..

Check out this trulia page.. http://www.trulia.com/real_estate/Prescott-Arizona/ 

What that tells me is there are still sellers that believe the market is better than it is, thus you see list prices up. Buyer seems not care and buys the home they want a the lower price, thus purchase price is down.

So when you here that the market has turned a corner because pricing has improved. Think again and look at the sold prices. I have hope, but hope doesn't sell properties. We have 15 in escrow this month and next month looks like a better month than this.

Sellers now is a great time to catch that buyer. Buyers are out in force and they are looking for a great deal. Will that be your home or the Bank Owned property down the street. You, the seller control this for yourself. Don't be fooled in thinking the buyer will skip the better deal for a home that isn't bank owned or in short sale.
Also, if you owe more than your home is currently worth, give me a call.  I would love to chat with you about the options that are out there for you.

Talk to you soon,
Brad
http://everythingprescott.com/-/prescott-testimonials/

Comments

By Jerry Cecil PLLC,  Thu Feb 10 2011, 19:22
Well said as usual Brad. I agree with your findings. People ask me all the time, so when do you think we will hit bottom. I say, "What is a bottom?"

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