RE/MAX Mountain Properties Joe Karcie
Prescott Valley, AZ
Home > Prescott Valley Real Estate Market
Winter 2020 Market Update
We are typically a 4 season market however, as the temperatures go down so does the inventory levels. Buyer activity has remained consistent and is most active with homes priced between $200,000 and $350,000. We are still seeing continued appreciation but how much higher can home values go? Interest rates have remained relatively low enticing buyers to get pre-qualified.
Average Sold Home Price: $325,000

Average Time on Market: 30-60 days

Best Selling Price Range: $250,000 - $299,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: No Change

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: No Change

Multiple Offers? Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Population Growth

Nearest Metro Area: Phoenix

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Joe Karcie
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Mortgage Rates for Jan 17th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Joe Karcie Joe Karcie
RE/MAX Mountain Properties
Specializing in Prescott Valley Real Estate
731 West Gurley Street
Prescott, Arizona 86305
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(Because current market conditions can change rapidly in any given marketplace,
please check with Joe Karcie for current Prescott Valley, AZ market conditions before acting on this information.)
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