Prescott Arizona Ranks High Among Great Places to Live
Is Prescott real estate overpriced? I guess it depends on where you come from and what you are looking for in a city. See the list below of magazines and companies that think Prescott is a great place to live and worth it.
1. One of the Top 5 Places to Retire - Money Magazine
2. 3rd in the country (all metro areas) for job growth and economic vitality - INC. Magazine
3. 3rd Best Metro in the Country for Job Creation – Milken Institute
4. An Emerging Art Town - American Southwest Magazine
5. One of 100 Best Communities for Young People - American Promise
6. Top “Green” Arizona City - Sperling’s Best Places
7. One of Top 10 Most Popular Retirement Towns - www.topretirements.com
8. One of a dozen “Distinctive Destinations” - National Trust for Historic Preservation
9. Top 10 True Western Towns - True West Magazine
10. Top 20 Medium County Hospitals - Solucient
11. 1 of 7 Greatest Places to Live - Bottom Line
12. Among Top 100 Cities to Live and Launch a Business – Fortune SmallBusiness
13. 3rd Skinniest City by AARP (lowest average body mass index)
14. In Top 10 “Dream Cities” - Sunset Magazine
15. #47 among Best Small Places for Business and Careers - Forbes.com
16. #5 among Fastest-Growing Small Metro Areas - Forbes.com
17. One of 50 Best Places to Live: The Next Great Adventure Towns - National Geographic Adventure Magazine (2008)
18. Top Ten Public Spaces: #3 Courthouse Plaza - American Planning Association
19. A Top Adventure Town - National Geographic Adventure Magazine (2009)
20. One of 7 Top Trail Towns - Trail Runner Magazine (2009)
21. 4th Best City for Retirement - Money Magazine (2010)
22. 76th of Best 100 Small Places for Business and Careers - Forbes (2010)
23. 2nd Best Place to Retire in U. S. - Smart Money/Wall St. Journal (2010)
If you are looking to buy Prescott or Prescott Valley Real Estate in the future, now may be the time as foreclosed and bank-owned homes are selling at 25% off retail.
Prescott Arizona Ranks #4 for Best Place to Retire: CNNMoney.com
CNNMoney.com 25 Best Places to Retire
Your post-work years are a time to improve your golf game, take up a new hobby, or just enjoy a well-deserved break. In these great college towns, you can expand your intellectual horizons too.
Prescott, Arizona #4
Population: 42,265
Prescott, a popular retiree destination 100 miles north of Phoenix, is dotted with Victorian homes, 19th-century Whisky Row saloons, and a leafy Courthouse Plaza. With the world's oldest rodeo and more than 800 buildings on the National Register of Historic Places, the town's cowboy heritage is hard to miss.
The weather here is hard to beat: plentiful sunny days, but also four distinct seasons, thanks to the town's elevation at 5,400 feet. That lures residents out to 650 miles of trails in the adjacent 1.25-million-acre Prescott National Forest. Plus they enjoy half a dozen golf courses, and a revolving door of art shows, film festivals, craft fairs, and outdoor concerts.
Of course, until recently, high home prices were a drawback to settling here. But with the market down 35% since 2007, Prescott has become a decidedly more affordable retirement haven.
And for those comers who are education minded, Yavapai College's 17-year-old lifelong learning program offers roughly 200 classes a year.
See complete data and interactive map for Prescott
First-time Buyers Make Up Record Share of Buyers: NAR
First-time homebuyers accounted for half of all home sales from July 2009 through June 2010, according to a National Association of Realtors survey of buyers and sellers. My personal experience mimics this with several buyers this year for homes in Prescott and Prescott Valley.
That's the highest share of first-time-buyer purchases in the history of the survey, which dates back to 1981. First-time buyers responding to the survey made up 47 percent of sales in 2009.
The 2010 NAR Profile of Home Buyers and Sellers, based on 8,449 responses to a survey sent to homebuyers and sellers nationwide whose transactions took place between July 2009 and June 2010, according to county records.
The vast majority of first-timers (93 percent) participating in the survey, and almost three-quarters of all buyers (71 percent) responding to the survey participated in a federal homebuyer tax credit program.
I expect this trend to continue as rents are often above comparable mortgage payments, especially in Prescott Valley, but deals can be found in Prescott as well.
Prescott and Prescott Valley homeowners pricing homes too high
The Prescott and Prescott Valley real estate markets are obviously very volatile in the current economy. This fact needs to be considered when you are in the process of selling a house and setting your desired price.
Most sellers hope to get the transaction finalized at their asking price, but depending on the market, this is often not possible. The reason for this is the glut of available properties for buyers to choose from, commonly called a "buyer's market".
Sellers who understand the market know that they cannot ask for a high price given the current conditions. Those who do not understand and insist on trying for a top price end up having their house on the market for a very long time.
We are experienced and have the tools to determine market conditions in your neighborhood. Therefore, although the decision is ultimately in the your hands, it would benefit you to listen to the advice of several real estate agents when setting a selling price for your property.
Please contact Patrick Schutte at 928-710-1717 for more information about selling your home in today's buyers market in Prescott or Prescott Valley.
Recent Posts
- Prescott Arizona Ranks High Among Great Places to Live
- Prescott Arizona Ranks #4 for Best Place to Retire: CNNMoney.com
- Prescott AZ Buyer: Did You Really Expect a Counter Offer?
- First-time Buyers Make Up Record Share of Buyers: NAR
- Prescott and Prescott Valley homeowners pricing homes too high
Twitter Updates
- Top 10 tips to win the REO multiple offer game > Prescott Arizona Area Real Estate http://t.co/Kb8QMxq 6 months ago
- How to Recognize a Buyers Market in Prescott Area Real Estate Market > http://t.co/HkGsvG7 1 year ago
- Prescott AZ Real Estate Domain and Twitter Name For Sale > http://t.co/ogabgvm 1 year ago
Prescott Premier Properties
Categories
- Chino Valley Real Estate
- Dewey-Humboldt Real Estate
- Finance News
- Foreclosure/REO
- National News
- Paulden Real Estate
- Prescott News
- Prescott Real Estate
- Prescott Real Estate Info
- Prescott Valley Real Estate
- Wiki
Archives
Blogroll
- Prescott Area Foreclosures Blog
- Prescott MLS Real Estate Search
- Prescott Premier Properties
- Web and Blog Development