How much have home prices gone up or down here in Sierra Vista the past 2 years?

Frank
Other/Just Looking
Sierra Vista, AZ

Tax valuations keep going up even when it appears housing prices have actually gone down the last 2 years. What gives??

Answers (3)
shawnarae
Other/Just Looking
85650

Hi Jay! My house is still on the market. You can contact me directly (shawnarae @ 418design.com) or click the link below to contact my realtor.

3747 Woodcock Pl. if you want to drive by. Don't let the exterior scare you the interior was completely remodeled.

Tue Apr 7 2009, 11:11
Jay
Home Buyer
Sierra Vista, AZ

Prices have not decreased, but buyers' are skeptical to buy in the current recession, retrospectively causing sellers to accept less to relieve themselves of mortgages. I am currently trying to close on a short sale, which is a lengthy process.
I wish I could talk to the first answerer Shawnarae about his / her property! I am looking for a 3+ bedroom / 2+ bath / 2 car garage home with pool for under $200,000.

Mon Apr 6 2009, 14:08
shawnarae
Other/Just Looking
85650
FIRST ANSWER

I'm not a realtor so I don't really know the market but I know in the last year my home value as far as the county is concerned has appreciated $2,000. However 2 years ago the house next to mine, sold for $205,000. It is smaller than my home, doesn't have a 2 car garage (mine does) and doesn't have a pool (mine does). My home has been on the market for 6 months for 190. I'd say selling value (or prices buyers are willing to pay) have decreased about 10%, why then do our tax values keep going up, I can't say. After talking to my realtor it seems that homes under 150K and over 300K are still selling fairly well, but those in between are sit stagnant for 6-9 months and when offers are made the offers are 10-30K below asking.

Tue Mar 24 2009, 11:58

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