Early July 2023 – Real Estate Market Insights

  • 8 months ago
Flex Realty of Arizona

Happy Summer to All!

It has been a very busy week in our lovely town! With the annual Rodeo, the Kiddie Parade, and Barn Dances, as well as the Annual Fireworks display at Watson Lake, there is definitely something for everyone to enjoy in Prescott during this amazing time.

The weather is definitely warmer than normal but still not even close to the Phoenix area weather. The lakes are filled with kayaks, paddleboarders, fishing and summer camp kiddo!

Summer is really a great time to live in the area.

As for housing, we remain fairly steady with pricing. There has been a slight decrease in values, but only about 3-5% overall.

The inventory is up, as we had 691 homes for sale vs. 488 at the same time last year. In May we had 579 homes on the market, so as the summer season is heating up, the inventory is increased.

Homes are staying on the market a little longer with an average of 50-60 days, but there are many factors to that, including being priced properly, location, etc.

Interest rates remain high but I am seeing more buyers ask for concessions to be used to “buy down a rate” or for closing costs. If you are interested or curious about how this works, feel free to give me a call or send me an email.

For now, enjoy the summer in our Amazing Area and here are a few of our listings:

6889 Gables Trail, Prescott
This Sought After Durango Model is Already Landscaped, Upgraded and ready for you! This home will leave you in awe as you enter and find yourself in the wide and airy entry way. The open concept of the great room, dining room and kitchen will keep your company close and easily interacting. With a gas Fireplace in the family room , This 3 bed Split Floor Plan has everything & more! Beautiful Quartz counters, stainless appliances, Luxury Vinyl Plank Floors, a view of Granite Mountain from the back yard-which backs to open space and offers a 3-car tandem garage including a 220 outlet to charge your electric vehicle. Close proximity to schools, shopping, medical and many other amenities – This home is an amazing opportunity for you to own an almost new home in a great new neighborhood

1337 Sabatina St, Prescott
This is your chance to live in Prescott Lakes in a gorgeous 3 bed, 2 bath, turn key home! Entering this home you will be inspired to have guests and family in your large Family Room with a gas fireplace and plenty of room to entertain, while flowing to the Kitchen with Stainless Appliances and Granite Counters. A separate formal dining area for more entertaining and No carpet anywhere in the home. If that is not enough, the backyard is large and perfectly landscaped for even more gatherings. Located on a quiet cul de sac, you don’t want to miss this one.

As always, if we can be of assistance, please call any time or send us an email. We always answer our phones or call you back immediately!

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