Home prices are continuing to rise, moderately but consistently in Yavapai County. Single-family home price sales through September had a median price of $238,000, up 7 percent from the $222,000 in 2013, according to county assessor, Pamela Pearsall . The year-to-date median price through September was $225,000, up 5 percent from 2013 for Yavapai County home sales.
According to Pete Weaver, president of Prescott Area Association of Realtor (PAAR), the average sales price for local homes from January through early October went from $207,000 to $234,000 from the same time last year. “Sellers are getting on the average 97 percent of their list price – that’s identical to last year,” Weaver said. “Time on the market is down 20 percent from the same period last year.”
The average home sales price In Prescott this year through early October was $299,000, up 9 percent from $273,000 last year. Thanks to larger developments (Granville, StoneRidge, etc.), Prescott Valley’s year-to-date average through early October was up 15 percent from last year.
Chino Valley’s 2014 average is up 19 percent from the $144,000 last year to $171,000 .
This is indeed encouraging news to the community and brings a hopeful outlook to the future of Prescott area real estate. It has been many years since we have had this kind of growth in the housing market. Now is a great time to sell your home if you have been waiting for the market to “come back”.
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