PUBLISHER
Peter Fife
Coldwell Banker Realty
914 E Gurley St Suite 100 Prescott, AZ 86301
Cell phone:( 928) 636-7000
Peter@ListingPrescott.com www.listingprescott.com
ADMINISTRATOR
Erika Reyes
Office 800-401-8994 Ex.
Email: erika@thepowerisnow.com Website: www.thepowerisnow.com
WRITER
Alvin Magua
GRAPHIC DESIGNER
Timothy Hornu
CONTACT
Peter Fife
Cell phone:( 928) 636-7000
Peter@ListingPrescott.com www.listingprescott.com
Peter Fife:Prescott’s Unique Selling Points: A Comprehensive Guide
Prescott, Arizona: Financing Your Home Purchase in Prescott What You Need to Know
The Pulse of Prescott: A Real Estate Market Update for the First Quarter
Maximizing Real Estate Opportunities in Emerging Markets: Lessons from Prescott, Arizona’s Success Story
Navigating Market Fluctuations: Strategic Insights from Prescott, Arizona’s Real Estate Expert Peter Fife
Prescott: Examining Investment Possibilities and Trends in the Second Home Market in Prescott
The Best Time to Buy a Home in Prescott
Investing in Prescott: Rental Properties vs. Vacation Homes
Outdoor Activities and Their Influence on Prescott Property Values
The Role of Technology in Prescott Real Estate Transactions
Prescott Real Estate: Common Pitfalls and How to Avoid Them
Prescott Real Estate Market vs. Other Arizona Cities
Prescott Real Estate Market Predictions for 2025
The Impact of Tourism on Prescott’s Real Estate Market
Real Estate Tv with Peter Fife |
The Power Is Now Media -Part 1
Real Estate Tv with Peter Fife | The Power Is Now Media -Part 2
MovEnomics Real Estate Series 2024
with Peter Fife -Part 1
MovEnomics Real Estate Series 2024 with Peter Fife -Part 2
MovEnomics Real Estate Series 2024 with Peter Fife -Part 3
MovEnomics Introduction with Peter Fife | The Power Is Now Media Inc
Press Release for May 10th, 2024
Inflation Slows from Q1 Pace but Remains Elevated as Retail Sales Slump in April
Press Release for April 19, 2024
Home Sales and Starts Pull Back in March, While Economic Data Continue to Support Near-Term Growth
Press Release for May 13th, 2024
Acting President Sam Valverde’s Statement to Financial Security Oversight Council
Press Release for Alril 12th, 2024
Hot Inflation Data Likely to Delay Rate Cuts, Put Upward Pressure on Mortgage Rates
Press Release for Alril 26th, 2024
GDP Details Continue to Signal a Strong Economy as New and Pending Home Sales Rise
Press Release for May 17th, 2024
Inflation Slows from Q1 Pace but Remains Elevated as Retail Sales Slump in April
Press Release for May 3rd, 2024
Employment Growth Slows as Labor Market Normalizes after Hot Q1
Press Release for May 21st, 2024
Higher Rate Environment Projected to Dampen Housing Activity Through 2024
Prescott, Arizona, a city known for its scenic beauty and rich history, has witnessed significant changes in its real estate market over the years. One of the most notable changes is the integration of technology into real estate transactions, transforming how properties are bought, sold, and managed. This evolution has brought about numerous benefits, enhancing the efficiency, transparency, and overall experience for buyers, sellers, and real estate professionals alike.
In Prescott, like in many other parts of the country, the property search process has been revolutionized by online listing platforms such as Zillow, Realtor.com, and Redfin. These platforms provide comprehensive property details, highquality images, and even virtual tours, allowing prospective buyers to explore homes from the comfort of their living rooms. The ability to filter searches based on specific criteria such as price, location, and amenities has made it easier for buyers to find properties that meet their needs,
streamlining the initial stages of the home-buying process.
One of the standout technological advancements in Prescott’s real estate market is the adoption of 3D virtual tours and augmented reality (AR). Tools like Matterport offer immersive 3D tours, enabling buyers to walk through properties virtually. This technology is particularly beneficial for out-of-town buyers looking to relocate to Prescott, as it provides a realistic feel of the property without the need for physical presence. Augmented reality further enhances this experience by allowing potential buyers to visualize renovations and modifications, helping them make more informed decisions.
The days of cumbersome paperwork are
fading, thanks to digital documentation and e-signature platforms like DocuSign and Dotloop. In Prescott, these technologies have streamlined the transaction process, making it quicker and more efficient. Buyers and sellers can now sign contracts and other necessary documents electronically, reducing the time and effort traditionally associated with real estate transactions. This digital approach also minimizes the risk of errors and miscommunication, ensuring that all parties have access to accurate and up-to-date information.
Data analytics play a crucial role in Prescott’s real estate transactions. Real estate professionals leverage big data to gain insights into market trends, property values, and buyer behavior. Tools like CoreLogic and MLS databases provide valuable data that helps agents and investors make informed decisions. Predictive analytics further enhance this by forecasting market movements, allowing stakeholders to strategize effectively and seize opportunities.
Effective communication is vital in real estate transactions, and technology has significantly improved this aspect in Prescott. Customer Relationship Management (CRM) systems like Salesforce and HubSpot enable agents to manage client interactions, track leads, and automate follow-ups. AI-powered chatbots on real estate websites provide instant responses to inquiries, ensuring that potential buyers receive timely information and assistance.
Smart home technology is increasingly
influencing real estate decisions in Prescott. Homebuyers are drawn to properties equipped with smart devices such as thermostats, security systems, and lighting controls. These technologies not only enhance the living experience but also add value to properties, making them more attractive in the competitive market. Real estate professionals in Prescott are capitalizing on this trend by highlighting smart home features in their listings.
The integration of technology into Prescott’s real estate market has brought about a paradigm shift, making transactions more efficient, transparent, and customer-friendly. From virtual tours and digital documentation to data analytics and smart home technology, these advancements are reshaping how real estate transactions are conducted in Prescott. As technology continues to evolve, it will undoubtedly play an even more significant role in the future of Prescott’s real estate market, benefiting all stakeholders involved.
Discover how technology can transform your real estate journey. Contact us today at (928) 696-7000 or email peter@listingprescott.com. For more details and to explore our listings, visit our website at https://listingprescott.com/. Let us help you find your dream home with the latest technology and unparalleled service.
Sources: Goodman, J. (2024, January 30). The role of Technology in Modern Real Estate Transactions | Jasper Goodman | Professional Overview. Jasper Goodman | Professional Overview | Jasper Goodman’s Professional Overview Site. https://jaspergoodman.com/the-role-of-technology-inmodern-real-estate-transactions/ How technology has changed the real estate industry | CERTIFID. (n.d.). https://www.certifid.com/article/how-technology-has-changed-the-realestate-industry
PROPERTY INFORMATION:
Updated and super location great privacy with no neighbor behind! Extra deep 24ft 3 car garage! 0.63 Acre lot with NO HOA! Brand new impressive $14, 000 stone fireplace, Kitchen with Granite counter tops and updated appliances. Spacious master suite with walk in closet and sep shower/tub. great floor plan with 3 bedrooms + den. This home is move in ready and a great buy. large fenced and fully landscaped back yard. Tile roof for longevity! See it today
Dear Readers,
Welcome to the inaugural issue of The Prescott Arizona Real Estate Magazine. As we open the pages of this first edition together, I am filled with excitement and profound gratitude. This magazine represents not just a milestone in my career but a culmination of a lifelong journey in real estate, deeply rooted in Prescott, Arizona’s beautiful and vibrant community.
For 28 years, I have had the privilege of guiding clients through the intricacies of buying and selling homes, a journey that taught me the value of placing your needs first. This simple yet powerful motto has been my compass, guiding every decision, every negotiation, and every relationship I have built in this industry. This principle lies at the heart of The Prescott Arizona Real Estate Magazine.
Our mission is clear: to provide you with the most comprehensive, insightful, and personal guide to real estate in Prescott and beyond. Whether you’re a first-time homebuyer, a seasoned investor, or somewhere in between, this magazine is for you. We aim to demystify the real estate process, offering expert advice, market insights, and the latest trends to help you make informed decisions that are right for you.
In these pages, you’ll find a reflection on my journey in real estate. From successfully closing over 2,000 transactions to being named the #1 Agent for Coldwell Banker Northland in 2023, my experiences have equipped me with unparalleled insights into our local market, negotiation strategies, and the art of selling homes. This magazine is an opportunity to share that knowledge with you to help you navigate the complexities of real estate with confidence and success.
We will also celebrate the unique beauty and spirit of Prescott. This city, with its rich history, vibrant culture, and stunning natural landscape, is more than just a place to live—it’s a place to thrive. Through neighborhood spotlights, feature stories, and local market analyses, we’ll explore what makes Prescott an extraordinary place to call home.
As we embark on this journey together, I am reminded of the importance of community, of building relationships based on trust, integrity, and a shared vision for the future. The Prescott Arizona Real Estate Magazine is more than a publication; it’s a platform for us to connect, learn, and grow together.
I am profoundly grateful for the opportunity to serve you through this magazine. Our top priority will always be Your dreams, goals, and well-being. Here’s to discovering the endless possibilities that lie within the pages of our homes and the pages of this magazine. Thank you for joining me on this exciting new venture. Let’s make it a journey to remember. God Bless, serve others, and stay well,
Peter Fife
Publisher, The Prescott Arizona Real Estate Magazine
“Placing your needs first”
928-636-7000
Coldwell Banker Northland
May 21, 2024
WASHINGTON, DC – Housing activity is expected to slow modestly compared to previous projections, if the broad upward movement in mortgage rates since the start of the year is sustained, according to the May 2024 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. However, the ESR Group notes upside risk to its latest forecasts for housing starts, single-family mortgage originations, and home sales activity, particularly if upcoming data releases lead market participants to believe that the Federal Reserve is closer to easing monetary policy, which would likely push mortgage rates downward.
The ESR Group forecasts overall economic growth to slow and mortgage rates to end the year near 7 percent. As a result, they expect a slight slowdown in housing activity through 2024 compared to their previous forecast. However, with active home sale listings now up approximately 30 percent compared to a year ago, the ESR Group believes sizable declines in home sales are unlikely and continues to forecast a modest upward drift in existing home sales over the forecast horizon, particularly compared to the historically low sales levels of the previous two years.
The ESR Group’s full-year 2024 real GDP outlook is unchanged at 1.8 percent, as underlying growth in the first quarter remained solid but still appears on track to slow as the year progresses. Household income growth has not kept pace with strong consumer spending and personal outlays on debt interest remain high, suggesting to the ESR Group that the higher interest rate environment will eventually weigh on future consumption. Combined with potential softening in payroll employment growth, the ESR Group expects inflation to decelerate through 2024 but remain sticky enough in the near term to prevent a Federal Reserve rate hike until September.
“The question our economics team is asked most frequently by industry participants remains where we think mortgage rates are headed,” said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. “For now, we see rates remaining closer to 7 percent through the end of the year – before trending downward in 2025 – but note potential downside to that forecast given recent actual movements in rates. Our consumer survey suggests that households who are paying attention to the housing market continue to take a wait-and-see approach. This is consistent with our latest housing forecast, which does not foresee a dramatic change in activity until affordability improves. Given ongoing supply constraints and recent indications that the labor market may be weakening, a downward movement in mortgage rates appears to be the likeliest lever to achieve an improvement in affordability.”
https://www.fanniemae.com/newsroom/fannie-mae-news/higher-rate-environment-projected-dampen-housing-activitythrough-2024
Rare opportunity 2021 built home with professional landscaping with extensive Pavers front and back, over 100K in upgrades in this home when built originally. Super clean never any pets, organic home as per dorn, High efficiency with spray foam insulation, Upgraded laminate and flooring. Washer dryer and fridge all stay as well as a whole house water filtration system from Aguasana. 3 bed +Den and 2 1/2 baths with gas fireplace and quartz countertops. This home is a Rare find. Hurry
Best priced 3G on acreage in Mesa with an almost new roof 2022! Main home has 2, 114 sq. ft. add to that a fully enclosed and heated and cooled patio for an additional approx 300 sq.ft. No HOA RV parking 1 full acre, bring the animals, and it has NATURAL GAS NO PROPANE SAVE $$. Oversized 3 car garage, spacious kitchen with loads of cabinet space. Master bedroom with huge walk in closet and a bath with sep shower and tub and dual sinks, also an additional mini split on the master for high efficiency, stay super cool and turn off the a/c at night. 3 other spacious bedrooms. Rare fire suppression system in the home for cheap insurance. This is a super opportunity to be closer In. All paved roads, city water and sewer. Don’t wait this will sell FAST!
Model Perfect! Lightly lived in 2nd home. 2 years old but basically brand new! Never any pets. high end tile floors, gourmet kitchen open to great room with inviting gas fireplace , matt granite counter tops . Formal dining room or Den off great room, seller will convert to 3rd bed with full price offer if desired. Extra large master suite with optional bay, huge walk in closet, and walk in shower. high end upgraded carpeting in bedrooms. Extra deep 26ft garage! Upgraded spray foam insulation in whole house, with fresh air A/C system and oversized A/C supper efficient home. Fully landscaped low maintenance with great privacy and peekaboo views of the mountains. RV parking in community with extra fee call HOA for availability and pricing. To see this home is to love it and buy
May 17, 2024
Key Takeaways:
The Consumer Price Index (CPI) rose 0.3 percent in April, a deceleration compared to the prior two months, according to the Bureau of Labor Statistics (BLS). Compared to a year ago, prices were up 3.4 percent, a deceleration of one-tenth. Prices for food were flat over the month, while energy prices were up 1.1 percent due to a 2.8 percent increase in gasoline prices. Excluding food and energy, core CPI increased 0.3 percent over the month and 3.6 percent compared to a year ago, the slowest annual rate in three years. Core goods prices outright declined over the month, while core services inflation was up 0.4 percent, a deceleration compared to the monthly gains in the first quarter of the year. Rent and owners’ equivalent rent (OER) prices also increased 0.4 percent.
The Producer Price Index (PPI) increased 0.5 percent in April but followed a downward revision to March’s data, which now shows a 0.1 percent decline rather than the previously reported 0.2 percent increase, according to the BLS. Compared to a year ago, the PPI was up 2.2 percent. Excluding food, energy, and trade services, core PPI increased 0.4 percent over the month and 3.1 percent compared to a year ago.
Retail sales and food services were flat in April, according to the Census Bureau. Strong gains in sales at clothing and accessory stores (+1.6 percent) and a price-related 3.1 percent jump in gas station sales were offset by weak sales in non-store retailers (-1.2 percent) and motor vehicle and parts dealers (-0.8 percent). Restaurant and bar sales increased 0.2 percent. Control group retail sales (excluding auto, building supplies, and gas station sales) declined 0.3 percent and were revised downward modestly in March.
Industrial production, a gauge of output in the manufacturing, utility, and mining sectors, was flat in April, according to the Federal Reserve Board. Manufacturing activity declined 0.3 percent and was revised downward in the prior month. Mining output declined 0.7 percent and utilities output jumped 2.9 percent.
The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 1.2 points to 89.7 in April, its first increase since December. On net, negative 12 percent of firms expect their real sales to be higher in the next six months, an improvement of 6 percentage points. A net 25 percent of firms reported raising average selling prices, a decline of 3 percentage points. At a net 22 percent, inflation remained the most reported “most important” problem, though this was down 3 percentage points compared to March.
Housing starts increased 5.7 percent to a seasonally adjusted annualized rate (SAAR) of 1.36 million in April, according to the Census Bureau. Single-family starts were down a modest 0.4 percent to a SAAR of 1.03 million, while multifamily starts rebounded 30.6 percent (following a 38.8 percent
decline the month prior) to a SAAR of 329,000. Single-family permits fell 0.8 percent to a SAAR of 976,000, their third consecutive monthly decline, while multifamily permits declined 7.4 percent.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index declined 6 points to 45 in May, its lowest level since January. The index for sales in the present declined 6 points to 51, while the index for sales over the next six months was down 9 points to 51. The index for the foot traffic of prospective buyers declined 4 points to 30.
The April CPI report was in line with our expectations and is encouraging compared to the data received in the first quarter, though it’s clear that some underlying inflation remains sticky. Core services, for example, remained at a pace that is faster than what would be consistent with the Fed’s 2 percent inflation target but did slow to a 0.4 percent month-over-month gain from 0.5 percent in February and March and 0.7 percent in January. Additionally, the PPI report on its face looked to show accelerating inflationary pressures but under the hood was far more encouraging given the downward revisions to March’s data. We continue to expect inflation will drift downward as the year progresses but will remain sticky enough to prevent rate cuts before September.
Control group retail sales, which feed directly into the Bureau of Economic Analysis’s estimates for personal consumption, were weak in April. However, with Easter landing in March this year instead of April, and major spring sales also shifting forward a month, we think seasonal quirks may be understating this data somewhat. Still, this report presents some downside risk to our assumption that consumption growth will remain strong in Q2 due in part to better base effects from the first quarter.
The modest pullback in single-family starts was in line with our forecast. While the limited number of existing homes available for sale remains broadly supportive of new home construction and sales in the intermediate to long term, starts have outpaced new home sales in recent months. As such, we expect some near-term softening in starts in response to the relatively weaker sales pace, which would also align with the drop in home builder confidence in May.
https://www.fanniemae.com/research-and-insights/forecast/inflation-slows-q1-pace-remains-elevated-retail-sales-slumpapril
PROPERTY INFORMATION:
Amazing 2019 built with Metal roof and 40X50 Shop with dedicated 200Amp Service once 10X14 Door and one 10X10 Door fully insulated. HUGE island kitchen with quartz countertops & top of the line appliance including an induction stove and double oven + loads of cabinets + a large walk in Pantry. This is a custom 2X6 construction manufactured home that is more like a custom home. Huge decks front and back 14X35 and 14X32. 10X24 Greenhouse. Fully Fenced with gated entry and no HOA and no restrictions. Home is plumed and set up for a gas fireplace in the corner. Home has 400 Amp service 200 for the home and 200 for the shop. Just do what you want and run a business out of the shop at home and save rent space and BE HAPPY! Super Well area
Rare opportunity live in the national forest under the cabin fee act! these generally stay in the family for generation, this is one of only 5 cabins in the heart of Prescott National Forest. This 2 bedroom rustic cabin needs some TLC, and has hauled water by gravity feed, and also The fridge, oven, cook top, water heater, living room heater, and lights are all powered by propane any power would be by a portable generator. This is on leased National forest land cost is $3, 117 a year. Can not be rented for more than 30 days a year and also may not be occupied full time as per the lease agreement with the national forest. CASH ONLY! Incredible opportunity
Former model home with views and you know what that means UPGRADES! Gourmet kitchen with quartz counter tops, gas range, and loads of cabinet and pantry space. Great room with gas fireplace. Extensive tile throughout. Formal dining area as well as 4 spacious bedrooms and the ever hard to find 3 baths. Master bath with snail shower. Oversized 3 car garage. Not to mention 0.29 Acre lot almost 1/3 acre, very private back yard once all the trees grow it will be beautiful. Great location walking distance to one of the three club houses and amenities. Don’t miss all the great Granville amenities like RV parking by the HOA (for a fee and according to space avail) as well as doggie park and 3 pools & clubhouses. See it today
Selling a home in the charming city of Prescott, Arizona, can be a rewarding venture, given its attractive features and a steady influx of new residents. With its historic sites, beautiful landscapes, and vibrant community, Prescott offers a unique market for sellers. Here are essential tips and best practices to ensure you navigate the Prescott real estate scene effectively and clinch a successful sale.
The first step in selling your home in Prescott is to thoroughly understand the local real estate market. This includes knowing current market conditions such as whether it’s a buyer’s or seller’s market, typical prices for homes similar to yours, and how long houses are staying on
the market. This information will help you set a competitive price and strategize your sale timing.
Setting the right price is crucial and often determines how quickly your home will sell. Pricing too high can lead to a stale listing, while pricing too low might result in leaving money on the table. Consider a professional appraisal and follow your real estate agent’s advice based on their analysis of comparable home sales in Prescott.
Home staging is particularly effective in Prescott, where potential buyers often look for homes that complement their lifestyle aspirations. Staging should highlight the strengths of your property, such as natural light, space, and unique features. Decluttering, cleaning thoroughly, and arranging furniture for a welcoming atmosphere are all part of effective staging.
Curb appeal is critical in creating a strong first impression. Simple enhancements like maintaining the landscaping, painting the front door, and ensuring the walkway is inviting can make a significant difference. Given Prescott’s natural beauty, outdoor living features such as patios or decks should also be well-maintained and highlighted.
In today’s digital age, effective online marketing is indispensable. Most homebuyers start their search online, so high-quality photographs and a compelling property description are essential. Utilize social media platforms, real estate websites, and local Prescott real estate forums to reach a broad audience.
Flexibility is key when it comes to home showings. The more available your home is to potential buyers, the higher the likelihood of receiving a good offer. Keep your home in showready condition at all times during the listing period.
A realtor who understands the Prescott market can significantly enhance your selling experience. They can provide invaluable advice, negotiate on your behalf, and help navigate the complexities of real estate transactions.
Selling your home in Prescott, AZ, requires a blend of market knowledge, strategic pricing, effective marketing, and a bit of local flair. By following these best practices, you can improve your chances of a swift and profitable home sale, allowing you to move forward with your future plans with confidence. Whether you’re upgrading, downsizing, or relocating, Prescott’s real estate market is ripe with opportunity for the wellprepared seller.
Ready to take the next step in selling your home in Prescott? Contact us today at (928) 696-7000 or send an email to peter@listingprescott.com for expert guidance and to start your successful home-selling journey with a team that knows Prescott best. Let’s get your home sold quickly and at the best price!
Prescott, Arizona, is a city renowned for its rich history, charming downtown, and, notably, its abundance of outdoor activities. The city’s unique blend of natural beauty and recreational opportunities significantly influences its real estate market, making it a highly desirable place to live.
Prescott’s diverse landscape offers a multitude of outdoor activities that attract both residents and visitors. From the rugged beauty of the Granite Dells to the serene waters of Lynx Lake, the city is a haven for nature enthusiasts. Popular activities include hiking, mountain biking, rock climbing, fishing, boating, and horseback riding. Trails such as those in the Prescott National
Forest and around Thumb Butte provide breathtaking views and varying levels of difficulty, catering to everyone from casual walkers to seasoned adventurers.
The proximity to these outdoor amenities has a direct impact on property values in Prescott.
Homes near popular recreational areas, such as the Granite Dells or Lynx Lake, tend to command higher prices due to their desirable locations. Buyers are often willing to pay a premium for the convenience of having nature’s playground right at their doorstep. This increased demand drives up property values in these areas, benefiting homeowners and investors alike.
Living close to outdoor amenities enhances the quality of life for Prescott’s residents. The ability to step out and immediately engage in a hike, bike ride, or fishing trip adds a unique charm to daily living. This lifestyle appeal attracts a specific demographic of buyers who prioritize health, wellness, and outdoor recreation. Consequently, properties that offer easy access to these activities often see increased interest and higher selling prices.
Tourism plays a significant role in Prescott’s economy and real estate market. The city’s outdoor attractions draw numerous tourists, some of whom decide to purchase vacation homes or relocate permanently. This influx of seasonal residents and tourists boosts demand for real estate, particularly in areas close to major attractions. Short-term rental properties, such as those listed on Airbnb, also become lucrative investments, further driving up property values.
To support the tourism and outdoor recreation sectors, Prescott has invested in improving its infrastructure and community amenities. Enhanced roads, parks, and recreational facilities not only attract more visitors but also make the city more appealing to potential homebuyers. These improvements lead to better-maintained neighborhoods and higher property values.
The scenic views and natural beauty surrounding Prescott’s outdoor amenities add substantial aesthetic value to nearby properties. Homes with views of Granite Mountain, Thumb Butte, or forested areas are particularly sought after. This
natural beauty, combined with the tranquility of living close to nature, makes these properties more desirable and valuable.
Outdoor activities play a crucial role in shaping Prescott’s real estate market. The city’s natural amenities not only enhance the quality of life for its residents but also attract tourists and potential homebuyers, driving up property values. As Prescott continues to develop its outdoor recreational offerings, the influence of these activities on property values is likely to grow, solidifying the city’s reputation as a prime destination for nature lovers and real estate investors alike.
If you’re looking to invest in Prescott’s vibrant real estate market or find your dream home surrounded by nature’s beauty, we are here to help. Contact us now at (928) 696-7000 or send an email to peter@listingprescott.com. Visit our website at https://listingprescott.com/ to explore available properties and learn more about how outdoor activities can enhance your lifestyle and increase your property’s value. Don’t miss out on the opportunity to make Prescott your home!
Sources: Redfin. (n.d.). Outdoor activities - Prescott, AZ real estate & homes for sale. Redfin. https://www.redfin.com/city/14874/ AZ/Prescott/amenity/outdoor+activities Prescott Outdoor Activities. (n.d.). https://www.prescott. com/outdoor-activities
PROPERTY INFORMATION:
Amazing Remodeled Custom home w/great views & Privacy on 2.49 acres with an incredible and rare 15X10 Safe room with thick metal and concrete surround walls + New roof in 2019. Huge Gourmet Kitchen w/high end granite counter tops, Knotty alder cabs w/soft close, 3 copper sinks, tile back splash, built in seats and storage in kitchen area, all beams are Real wood with custom metal fittings. Great room with stone fireplace and almost 20ft ceilings. Large Trex deck w/built in BBQ and Fridge, High end windows with UV coating and tint w/electric shades. Master suite w/ remodeled bath w/full body shower & spacious walk in closet. 2 secondary bedrooms and a bath on the main, as well as laundry room and sewing room. Down below is a large great room w/gas fireplace, kitchenette and safe room.
Prescott, Arizona, is known for its charming downtown, historic architecture, and beautiful natural surroundings. For those considering purchasing a home in this picturesque city, timing can play a crucial role in securing the best deal. Understanding the seasonal trends and market dynamics can help buyers make an informed decision.
Buying a home in Prescott during the winter months, particularly January and February, can offer significant advantages. During this period, the real estate market tends to slow down. There are fewer buyers competing for properties, which often results in more negotiable prices. Sellers listing their homes in winter are typically
more motivated to close the deal, providing an opportunity for buyers to negotiate better terms.
Additionally, mortgage rates often fluctuate with the season. Historically, lower demand in winter can sometimes lead to more favorable mortgage rates, reducing the overall cost of purchasing a home. However, the downside is that inventory tends to be lower, so buyers may have fewer options to choose from.
Spring and early summer, from March through June, are traditionally the busiest seasons for real estate in Prescott. The pleasant weather makes it an ideal time for house hunting, and families prefer to move before the new school year
begins. During these months, the market sees an influx of both buyers and sellers.
While the higher inventory means more options, the increased competition often leads to higher prices and bidding wars. Sellers are less inclined to negotiate, knowing that demand is high. If you are considering buying during this time, be prepared to act quickly and potentially pay a premium for your desired property.
As summer winds down, particularly in August, the market begins to cool slightly. Many buyers who were active in spring and early summer have already purchased homes, leading to reduced competition. Sellers who haven’t sold their properties by this time may become more willing to negotiate, especially if they need to sell before the fall.
This period can be a sweet spot for buyers looking to balance a reasonable selection of homes with better negotiating power. Additionally, late summer purchases can align well with moving before the school year or the holiday season, providing a convenient transition period.
The fall months, particularly October and November, can also be a favorable time to buy a home in Prescott. As the market activity slows down and the holiday season approaches, sellers who need to close deals become more flexible. This can lead to lower prices and more favorable terms for buyers.
One of the key benefits of buying in the fall is the increased attention from real estate agents, who may have fewer clients to manage. This can result in better service and more dedicated time to help you find the perfect home.
The best time to buy a home in Prescott depends on your priorities. If you seek lower prices and are willing to navigate a smaller inventory, winter
and late summer might be the best times for you. If you prefer more options and are prepared for a competitive market, spring and early summer are ideal. Fall offers a balanced approach with opportunities for negotiation and better agent support. By understanding these seasonal trends and aligning them with your personal and financial readiness, you can make a more informed and strategic home-buying decision in Prescott.
Ready to find your dream home in Prescott? Don’t wait! Contact us now at (928) 696-7000 or send an email to peter@listingprescott.com. Visit our website at https://listingprescott.com/ to explore the best properties and get expert guidance on the perfect time to buy. Your ideal home in Prescott awaits!
PROPERTY INFORMATION: Holy Cow! 28.57 Acres with the potential for 72 Quarter acre lots see Proposed Plat in Docs section! Thats less then $35,000 per lot before development. City Water and City Sewer are accessibly. See attached Chino General Plan showing the general plan is for that area to be .25 acre lots. Manufactured homes or site built homes welcome. This is a super opportunity! Parcels included are 306-18-017A, 306-18-017E & 306-18017F Owner may carry with substantial amount down.
Fife
May 3, 2024
The Federal Open Market Committee (FOMC) held the federal funds rate at its current target range of 5.25-5.5 percent at its April 30-May 1 meeting. The committee announced that beginning in June, the Fed will slow the pace of decline of its securities holdings by reducing the cap on Treasury securities from $60 billion to $25 billion. The MBS cap of $35 billion was unchanged, though the actual runoff has been closer to $15 billion per month. Both the prepared statement and Chair Powell noted a “lack of further progress” toward the 2-percent inflation objective in the first quarter
Nonfarm payroll employment increased by 175,000 in April, a slowdown from the upwardly revised 315,000 jobs added in March. Job gains were strongest in health care, social assistance, and transportation and warehousing. The unemployment rate ticked up one-tenth to 3.9 percent. Wage growth looks to have normalized, with a 0.2 percent gain over the month, bringing the year-over-year comparison to 3.9 percent.
The Job Openings and Labor Turnover Survey (JOLTS) declined by 325,000 to 8.5 million in March, the lowest level in three years but still above the 2019 average of 7.5 million, according to the Bureau of Labor Statistics (BLS). The quits rate declined one-tenth to 2.1 percent, the lowest level since January 2018, excluding the initial 1pandemic shock. Layoffs and discharges eased to 1.5 million after hitting 1.7 million the month prior.
Nonfarm business productivity increased at a 0.3 percent annualized rate in Q1 2024, a sharp slowdown from the 3.5 percent annualized growth rate the quarter prior, according to the BLS. Still, compared to a year ago, productivity was up 2.9 percent, the best year-over-year comparison since in three years. Unit labor costs rose at an annualized rate of 4.7 percent but, compared to a year ago, slowed to just a 1.8 percent gain.
The Employment Cost Index (ECI), a measure of labor compensation, increased 1.2 percent in Q1 2024, an acceleration of three-tenths compared to the prior quarter. Compared to a year ago, the ECI was up 4.2 percent, unchanged from the fourth quarter.
The Institute for Supply Management (ISM) Manufacturing Index slipped back into contractionary territory with a 1.1-point decline to 49.2 in April. Both the new orders and production indices were down, falling 2.3 points to 49.1 and 3.3 points to 51.3, respectively. The not-seasonally adjusted prices paid index rose 5.1 points to 60.9, its highest level since June 2022, likely reflecting higher oil prices.
The Conference Board Consumer Confidence Index dropped 6.1 points to 97.0 in April, its lowest level since July 2022. Confidence in the present situation declined 3.9 points to 142.9, while expectations for the future were down 7.6 points to 66.4.
Light vehicle sales increased 2.8 percent to a seasonally adjusted annualized rate (SAAR) of 16.0 million in April, the best sales pace since December, according to Autodata. The FHFA Purchase-Only House Price Index increased a seasonally adjusted 1.2 percent in February, the largest monthly increase since April 2022. Compard to a year ago, home prices were up 7.0 percent, an acceleration of six-tenths compared to January and the fastest annual growth rate since November 2022.
Employment growth was in line with our Q2 expectations. With wages increasing at a rate that would be consistent with 2-percent inflation if sustained, we view this report as a sign that the labor market is normalizing. Job growth was strong enough to keep pace with population growth and to continue to spur consumption without being so strong that it stokes further inflationary pressures. Looking back to Q1, the ECI came in a bit hotter than expected, consistent with other data showing that inflation picked up a bit to begin 2024. This was offset somewhat by robust productivity growth, though, which pushed unit labor costs down to a level that would be consistent with 2-percent inflation. Productivity is difficult to both measure and forecast, but we view the decline in job openings and another tick down in the quits rate to be consistent with easing wage growth during the year. As such, we continue to expect a gradual, albeit slow, return to 2-percent inflation over time, which is supported by the April jobs report.
From a monetary policy perspective, Chair Powell said that a rate hike was “unlikely” and that the current focus of the committee is on how long to leave the policy rate restrictive. Current market pricing still has between 1 and 2 cuts this year, in line with our current forecast. Other indicators this week, including the ISM manufacturing index and consumer confidence, were also consistent with slowing economic growth in line with our forecast.
https://www.fanniemae.com/research-and-insights/forecast/employment-growth-slows-labor-market-normalizes-afterhot-q1
PROPERTY INFORMATION:
Holy Cow! 28.57 Acres with the potential for 72 Quarter acre lots see Proposed Plat in Docs section! Thats less then $35,000 per lot before development. City Water and City Sewer are accessibly. See attached Chino General Plan showing the general plan is for that area to be .25 acre lots. Manufactured homes or site built homes welcome. This is a super opportunity! Parcels included are 306-18-017A, 306-18-017E & 306-18017F Owner may carry with substantial amount down.
Fife
Great Views & Privacy Over 3 Acres plenty of room for an RV! Tile Roof & High end Anderson sounds reducing windows, New A/C and Heat pump 2022! Great well w/ New pump and Pressure tank in 2015. Gardeners Dream home with Greenhouse on concrete slab and Fenced raised bed garden w/drip system. Hobbyists can enjoy the Oversize Heated 3 Car garage 24ft deep + a 12x15 Storage shed as well. Great floor Plan with 2,416 Sq. ft + an enclosed heated and cooled sun room area for extra space. 3 large bedrooms & 2 Baths + a HUGE library/office area with all built ins. Whole house Kenitco soft water system. Lots of space to park RV’s or Toys, lots of Parking space. All Paved Roads. HOA is a road maintenance HOA with FEW restrictions. See it today
(928) 636-7000
Nestled amid the scenic landscapes of Arizona, Prescott has long been a sought-after destination for tourists and nature enthusiasts alike. Known for its historic downtown, charming atmosphere, and abundant outdoor activities, Prescott’s allure extends beyond its visitors, significantly impacting its real estate market.
One of the most notable impacts of tourism on Prescott’s real estate market is the increase in property values. The influx of tourists has driven up demand for vacation homes and short-term rentals, making Prescott an attractive option for investors and second-home buyers. This heightened demand has contributed to rising property values, as more people seek to capitalize on the area’s popularity. Homeowners in Prescott often find that their properties
appreciate in value more rapidly compared to less tourist-centric locations.
Tourism has also led to higher rental rates in Prescott. With platforms like Airbnb and VRBO becoming increasingly popular, property owners can rent out their homes to tourists, often at premium rates. This short-term rental market is particularly lucrative during peak tourist seasons, such as summer and holiday periods, when visitors flock to Prescott for its mild climate and vibrant events. As a result, long-term rental rates have also seen an upward trend, driven by the reduced availability of rental properties as more homes are dedicated to short-term stays.
While the tourism boom has brought economic benefits, it has also led to some challenges for the local community. The increased property values and rental rates can make it difficult for long-term residents to afford housing, leading to potential displacement and gentrification. As wealthier individuals purchase properties for vacation homes or investment purposes, lower-income residents may find themselves priced out of the market. This shift can alter the demographic makeup of neighborhoods, leading to changes in the community’s character and social dynamics.
Tourism doesn’t only impact residential real estate; it also boosts the commercial real estate sector. The demand for hotels, motels, bed-andbreakfasts, and other lodging options has spurred investment in hospitality properties. Additionally, the influx of tourists supports a thriving retail and dining scene, driving up demand for commercial spaces. Restaurants, cafes, shops, and entertainment venues all benefit from the steady stream of visitors, contributing to a robust local economy.
To cater to the growing number of tourists, Prescott has seen improvements in infrastructure and development. Roads, public transportation, and amenities have been upgraded to accommodate the increased traffic and provide a better experience for both tourists and residents. These developments, while beneficial, also come with the challenge of maintaining a balance between preserving the town’s historic charm and meeting the needs of a modern, growing population.
In conclusion, tourism has a profound impact on Prescott’s real estate market, driving up property values and rental rates, influencing commercial real estate, and prompting infrastructure improvements. While the economic benefits are significant, they come with challenges such as economic disparities and gentrification. For Prescott to continue thriving as a tourist destination while maintaining its unique character and community, careful planning and sustainable development practices are essential. By striking a balance, Prescott can harness the positive effects of tourism while mitigating its potential downsides, ensuring a vibrant and inclusive future for all its residents.
Are you interested in exploring the booming real estate opportunities in Prescott? Whether you’re looking to invest in a vacation home, find the perfect rental property, or start your business in this vibrant community, we’re here to help! Contact us now at (928) 696-7000 or send an email to peter@listingprescott.com. Visit our website https://listingprescott.com/ for more details and to get started on your journey in Prescott’s thriving real estate market. Don’t miss out on the chance to be a part of this dynamic and growing community!
Sources:
Courier, C. B. D. (2024, May 21). Prescott Tourism’s move toward experience-driven visits shows results. Prescott Daily Courier. https://www. dcourier.com/news/prescott-tourism-s-move-toward-experience-drivenvisits-shows-results/article_0dbdae74-17d2-11ef-ade5-974e692674ea. html
Zhang, H., & Yang, Y. (2020). Does tourism contribute to real estate boom? A DSGE modeling in small open economy. Journal of Hospitality & Tourism Research, 45(1), 257–279. https://doi. org/10.1177/1096348020932993
PROPERTY INFORMATION:
BRAND NEW 2024 home with Views and NO HOA, Animals welcome! & RV Parking! located in New Subdivision with paved roads and underground utilities. Beautiful top of the cul-de-sac lot with private well producing 50+ gallons per minute! This home sits on a full acre of land with gorgeous views from the large front & rear concrete patios! Enjoy the many UPGRADES this home offers including 8’ high flat ceilings, solid wood white cabinets, stainless steel farmhouse sink, upgraded SS appliance package including a side-by-side refrigerator! 2’’ faux wood blinds throughout, 2x6 construction with upgraded insulation & architectural shingles. 1-Year Manufacturer’s warranty included! Move-in ready end of May/early June.
4 Car garage large 2G attached and 20x20 detached! 2 acres of Land fenced on 3 sides! SUPER VALUE! Great Views, and a good well! Kitchen with Granite counter tops and loads of cabinets. Master on the Main Level with large walk in closet and spacious bath. Half bath and laundry down as well. Upstairs you will find 2 huge secondary bedrooms and a full bath. Bring the Horses and Farm animals 2 flat acres great for the critters. Come see this great Buy!
Fife
Prescott, Arizona, known for its stunning landscapes and historic charm, is a burgeoning market for real estate investors. With its mix of natural beauty, mild climate, and a vibrant downtown, Prescott offers unique opportunities for both rental properties and vacation homes. Each investment type has its distinct advantages and potential drawbacks, which are crucial to consider for making an informed decision.
Consistent Income: One of the most significant advantages of investing in long-term rental properties in Prescott is the reliable monthly income. Long-term leases, usually spanning six months to a year, ensure that property owners
receive steady rental payments, minimizing the risk of income fluctuations.
Lower Operating Costs: Long-term rentals typically incur lower maintenance and management costs compared to vacation homes. The need for frequent cleanings, utility payments, and restocking of supplies is significantly reduced.
Easier Financing: Securing financing for longterm rental properties is often easier due to the consistent income stream. Banks and financial institutions view these investments as lower risk, making it simpler to obtain favorable mortgage terms.
Lower Income Potential: While rental properties provide stability, the potential for high returns is generally lower than vacation homes, particularly during peak tourist seasons when short-term
rentals can command premium rates. Tenant Management: Managing long-term tenants involves regular maintenance and dealing with tenant issues, which can be time-consuming. Although less frequent, scheduling repairs and ensuring tenant satisfaction are ongoing responsibilities.
High Income Potential: Vacation homes in Prescott can yield significant income, especially during peak tourist seasons. The city’s attractions such as historic Whiskey Row, outdoor activities, and scenic views draw a steady stream of visitors willing to pay premium rates for short-term rentals.
Flexibility: Vacation homes offer the flexibility for personal use during off-peak times. Owners can enjoy the property themselves and capitalize on rental income when demand is high.
Tax Benefits: Similar to rental properties, vacation homes come with tax advantages. Owners can deduct expenses related to maintenance, utilities, and management fees, thereby reducing their taxable income.
CONS:
Income Variability: The primary downside of vacation homes is the inconsistent income. Earnings are highly dependent on seasonal demand and local events, leading to potential periods of vacancy and reduced income. Higher Operating Costs: Maintenance and management costs for vacation homes are significantly higher. Frequent cleanings, utility payments, and the need for constant upkeep drive up operating expenses.
Management Complexity: Managing a vacation home requires dealing with frequent guest turnovers, marketing the property, and ensuring a high standard of service to maintain good reviews and repeat bookings.
Investing in Prescott’s real estate market offers promising opportunities, whether through rental properties or vacation homes. Rental properties provide stability and ease of management with consistent income, making them ideal for riskaverse investors. In contrast, vacation homes offer the potential for higher returns but come with greater risks and higher management costs.
Ultimately, the choice depends on your financial goals, risk tolerance, and capacity to manage the unique challenges of each type of investment. With its growing popularity and scenic charm, Prescott remains an attractive destination for real estate investment.
Ready to invest in Prescott’s thriving real estate market? Whether you’re considering rental properties for steady income or vacation homes for high returns, we can help you navigate your options. Contact us today at (928) 696-7000 or send an email to peter@listingprescott.com. For more information, visit our website at https:// listingprescott.com. Let’s turn your real estate investment dreams into reality!
Sources:
Henderson, S., & Henderson, S. (2023, June 13). The Profitability Puzzle: Vacation vs Long-term Rental Properties. Henderson Properties. https:// www.hendersonproperties.com/2023/06/vacation-vs-long-term/ Staff, S. (2023, August 22). Are vacation rental properties profitable? | Savvy VRM. Professional Full-Service Property Management | Savvy VRM. https://www.savvyvrm.com/rental-manageme
PROPERTY INFORMATION:
Brand new carpet, Real Hardwood Floors, move in ready super clean home in a great location. Great Landscaping front and back, Extra large 27 ft deep garage. Large great room with gas fireplace and bay window. Spacious kitchen with real wood cabinets and a large eating area. Split floor plan for privacy. Spacious master suite with large master bath separate shower and tub and dual sinks. Laundry room with sink. A/C and heater replaced in the last 10 years. RV parking and gate. Fully fenced back yard with drip system for all the plants. See it today!
Nestled in the mountains of northern Arizona, Prescott offers a charming blend of historic appeal and modern amenities, making it a popular destination for home buyers. However, like any real estate market, navigating Prescott’s real estate scene can be fraught with potential pitfalls. Here are some common mistakes buyers make and tips on how to avoid them.
One of the most significant mistakes home buyers make is confusing pre-qualification with pre-approval. Pre-qualification provides a ballpark estimate of what you can afford, while preapproval is a more rigorous process that verifies your financial information. Sellers in Prescott are more likely to take your offer seriously if you have a pre-approval, giving you a competitive edge in a market that can be quite competitive.
Arizona law requires sellers to disclose any known material defects in the property through the Seller’s Property Disclosure Statement (SPDS). Failing to thoroughly review this document can lead to unexpected and costly repairs after purchase. Always scrutinize the SPDS and consider hiring a professional inspector to uncover any hidden issues.
Your experience as a homeowner in Prescott will be significantly influenced by your neighborhood. Buyers often fall in love with a house but neglect to thoroughly investigate the surrounding area. Spend time driving through the neighborhood at different times of the day, talk to residents, and explore local amenities to ensure the area meets your lifestyle needs.
Many properties in Prescott are part of Homeowners Associations (HOAs), which impose rules and regulations on residents. Before buying, review the HOA’s Covenants, Conditions, and Restrictions (CC&Rs) to ensure they align with your lifestyle. Overlooking this step can result in fines or conflicts with the HOA.
Title issues can derail a property purchase. Conduct a thorough title search to uncover any liens, encumbrances, or claims against the property. Investing in title insurance is also wise, as it protects you from future disputes over property ownership.
Many first-time buyers focus solely on the purchase price and mortgage payments, overlooking other expenses like property taxes, insurance, maintenance, and repairs. Create a comprehensive budget that includes all potential costs to ensure you can comfortably afford your new home.
A home inspection is crucial for identifying potential problems that might not be visible during a casual walk-through. Skipping this step can lead to unexpected expenses and major repairs down the line. Always hire a qualified home inspector to evaluate the property thoroughly.
Mortgage rates and terms can vary significantly
between lenders. Failing to shop around can result in higher interest rates and less favorable loan terms. Compare offers from multiple lenders to secure the best deal possible.
Buying a home is a significant investment, and rushing the decision can lead to regret. Take your time to explore your options, understand the market, and ensure the property meets all your needs and expectations.
By being aware of these common pitfalls and taking proactive steps to avoid them, you can navigate the Prescott real estate market more effectively and secure a home that meets your needs and fits your budget. Happy house hunting!
Are you ready to find your dream home in Prescott without falling into common pitfalls? Contact us now at (928) 696-7000 or send an email to peter@listingprescott.com. For more details and to explore our listings, visit our website at https://listingprescott.com/. Let us guide you through a smooth and successful home-buying journey!
Sources:
Ylopo. (2022, August 23). Buyers, beware of making these mistakes during the home inspection — The HYLAND GROUP | EXP Realty. The HYLAND GROUP | eXp Realty. https://www.prescottareaproperty.com/ blogs/2022/8/23/buyers-beware-of-making-these-mistakes-during-thehome-inspection
The biggest mistakes buyers are making today | Prescott Area Real Estate. (2024, May 30). https://www.tonerteam.info/2024/05/30/thebiggest-mistakes-buyers-are-making-today/
Wow large home on a large lot with incredible views of Granite mountain! Home with guest house! 2.53 Acres/ A double lot in the area, which can be split if desired! Brand new roof in 2022, Freshly Painted inside 2023! Great kitchen with granite counter tops, lots of cabinets and views. Spacious floor plan with 2 bedrooms and 2 baths up and 1 room/den down with 3/4 bath & laundry with inside and outside access. See floor plan attached. Detached studio guest house with a full bath. Lots of storage with a 30x30 attached garage as well as two large carport areas and multiple sheds. 3 Gas Fireplaces throughout. Spacious Kitchen with lots of counter top space. With a little updating and work this home could be beyond amazing! This home could also make a great Vacation Rental!
May 10, 2024
Key Takeaways:
The Institute for Supply Management (ISM) Services Index declined 2 points to 49.4 in April, its first time below the expansionary threshold of 50 since December 2022. Most major indices were down as the business activity index declined 6.5 points to 50.9, the new orders index dropped 2.2 points to 52.2, and the employment index fell 2.6 points to 45.9. Indices indicative of supply chain and other inflationary pressures were up, with the prices paid index increasing 5.8 points to 59.2 (though this followed a 5.2-point decline the month prior) and the non-seasonally adjusted supplier deliveries index rising 3.1 points to 48.5.
Consumer (non-mortgage) credit outstanding increased by $6.3 billion in March, according to the Federal Reserve Board. Revolving credit (largely credit cards) was up a modest $15 million, the smallest gain since outright contracting in April 2021, while nonrevolving credit outstanding (largely student and auto loans) increased by $6.1 billion.
The Federal Reserve Board Senior Loan Officer Opinion Survey (SLOOS), for the three months ending in April, showed that 4.1 percent of loan officers reported tightening mortgage loan standards on net, the smallest share in six quarters. Net mortgage demand remained weak with negative 19.9 percent of loan officers reporting stronger demand on net, the eleventh consecutive negative reading. The net share of loan officers reporting tightening standards for commercial and industrial lending, which typically leads measures of business credit in those categories, moved up slightly after declining steadily since mid-2023.
The fall in the ISM services index into contractionary territory would be consistent with a sharp slowdown in services spending in the second quarter. However, both the ISM manufacturing and services surveys have been more pessimistic than hard measures of activity in recent quarters. As such, while we continue to expect a slowdown in consumption growth toward the second half of 2024, our near-term outlook for consumption remains fairly robust.
Consistent with this view, March’s virtually flat reading in revolving credit outstanding may be an early sign that consumers are becoming less able to finance future consumption with credit. While the ratio of revolving credit outstanding to disposable personal income remains below its pre-COVID level, higher interest rates are likely putting some consumers under stress: Personal interest payments on all nonmortgage debt as a percentage of total personal outlays has been at its highest level since 2008 over the past three quarters. Combined with renewed signs that banks are keeping lending standards relatively tight for both businesses and consumers in the latest SLOOS, we continue to expect the higher interest rate environment will work to slow growth in the second half of 2024.
Source
PROPERTY INFORMATION:
Amazing Views in this 4 bedroom with all walk in closets. 2,240 sq. ft on over 2 acres, bring your horses & your RV! Super floorplan and many high end upgrades including Tile shower, and all solid surface tops, sep shower/tub in Master w/enormous walk in closet and soo much more. Ground set on stem wall all financing available. 2.10 acres, 50+ GPM well, all underground utilities, & paved streets! All with NO HOA HURRAY!! Other upgrades include 9 foot high flat ceilings, oversized transom windows, extended sliding glass door to large pack patio, full 1 year manufacturer’s warranty. Solid wood cabinets, stainless appliances, farm sink & tile backsplashes, back-lit mirrors, upgraded black hardware decor package, ceiling fans, & trim throughout. Garage options avail for additional cost.
PROPERTY INFORMATION:
Super corner lot with Views of Mingus Mountains and San Francisco Peaks. Super desirable neighborhood with homes between $700,000 to 2M. All utilities in the street and close to down town and Hiking Trails. Great building site on the South East corner with some grading. See it today!
E Gurley St Suite 100
02/29/24
PROPERTY INFORMATION:
Brand New Roof Dec 2023! Huge 0.65 Acre lot, Circular Drive, Double RV gate, Extra 400 sq. ft. of usable space in the enclosed patio area, not included in the sq. ft. 3 bedrooms + Den & Formal dining room and 2 baths. Also a grandfathered Tesla Lease APS bills average $37 a month generally. Kitchen with granite counter tops & Alder cabinets open to the great room with electric fireplace. Spacious primary suite with separate shower and tub and large walk-in closet. Hot tub in the back conveys. Back yard is huge with fruit trees and lots of space. This is a premium lot and plenty of room to do what you want with it. See it today!
02/16/24
PROPERTY INFORMATION:
Super updated 5 bedroom 2 1/2 bath home with brand new roof in 2023, New A/C and Heater in 2022, New Fence in Dec 2021, Tiled baths in 2022, Hickory Cabinets with Granite counter tops, large inside laundry room. Luxury vinyl flooring. Freshly Painted inside and out!! Spacious back yard with awesome tree House! This home is walking distance to Taylor Hicks elementary. Also close to down town. Could make a super Vacation rental especially with NO HOA. One car attached garage, and also room for RV parking. Additional photos to follow, Owner agentadditional photos will be uploaded Friday evening. Incredible buy.
Don’t miss this great opportunity to build in an area of attractively established homes. This .36 aprx acre home site at 9881 E Reavis Circle is located in popular Prescott Valley Unit 20. No HOA and neighborhood friendly CC&R’s. Be sure to verify the available utilities thru the Town of Prescott Valley. We are told the sewer assessment has been paid. Lot inventory, especially in Unit 20, in this price range is limited. BE SURE TO CHECK US OUT TODAY!
Retail sales and food services rose 0.7 percent in March and were upwardly revised in both January and February, according to the Census Bureau. The headline figure benefited a bit from a 2.1 percent price-related increase in gas station sales, though sales at general merchandise stores rose 1.1 percent and nonstore retail, representing primarily online sales, jumped 2.7 percent. Control group retail sales (excluding auto, building supplies, and gas station sales) increased 1.1 percent and were revised upward by three-tenths in February.
Industrial production, a gauge of output in the manufacturing, utility, and mining sectors, increased 0.4 percent to 102.7 in March, according to the Federal Reserve Board. Manufacturing activity rose 0.5 percent following an upwardly revised 1.2 percent gain the month prior, bringing the index to its highest level in 11 months. Mining output declined 1.4 percent, while utilities output increased 2.1 percent.
Existing home sales declined 4.3 percent to a seasonally adjusted annualized rate (SAAR) of 4.19 million in March, reversing roughly half of the surprise jump in February,
according to the National Association of REALTORS® (NAR). The number of homes available on the market rose 4.7 percent to 1.11 million, pushing the months’ supply up three-tenths to 3.2. The NAR’s measure of the median sales price of existing homes sold rose 4.8 percent compared to a year earlier.
Housing starts declined 14.7 percent to a SAAR of 1.32 million in March, the lowest level since August 2023, according to the Census Bureau. Single-family starts dropped 12.4 percent to a SAAR of 1.02 million, almost entirely reversing the 14.6 percent jump in the month prior, while multifamily starts were down 21.7 percent to a SAAR of 299,000, the lowest level since 2017, excluding the pandemic months. Single-family permits declined 5.7 percent to a SAAR of 973,000, ending a 13-month streak of increases. Multifamily permits were down 1.2 percent to a SAAR of 485,000. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index was flat at 51 in April. The index for single-family sales in the present moved up 1 point to 57, while the index for sales in the next six months declined 2 points to 60. The index for foot traffic of prospective buyers rose 1 point to 35.
The strong gain in control group retail sales in March, as well as upward revisions to prior months, presents some upside risk to our Q1 and Q2 consumption forecast. While we continue to believe the current pace of consumption relative to income growth is unsustainable in the long run, wealth effects from recent stock market and home price gains may be able to continue to propel consumption growth in the near term. The industrial production report, which saw a second consecutive monthly gain in the highly cyclical manufacturing sector, is also supportive of relatively strong nearterm growth.
The pullback in existing home sales brought the quarterly figure in line with our expectations. It also confirmed our suspicion that the jump in February home sales was due to seasonal quirks and did not represent a sustainable rise in sales activity. Our current home sales forecast faces some downside risk from the recent runup in interest rates, but we continue to expect a gradual increase in sales activity as new listings continue to rise. The drop in single-family starts also brought the quarterly figure in line with our expectations. We expect some modest slowing in single-family construction next quarter because new starts have outpaced new sales in recent months. The first decline in single-family permits in more than a year is supportive of that forecast. Additionally, we continue to expect that multifamily construction will slow this year, in line with a further decline in permits.
https://www.fanniemae.com/research-and-insights/forecast/home-sales-and-starts-pull-backmarch-while-economic-data-continue-support-near-term-growth
02/09/24
High Efficiency Mandalay w/owned solar with 12 panels and super high efficiency upgraded Mitsubishi high end HVAC. Gourmet kitchen with 5 burner gas range, and large pantry area as well as many cabinets with soft close & granite counter tops. Super layout with large master suite with sep/shower and tub and dual sinks plus an immense closet. 3 bedrooms, + office + a flex room which could be a bedroom or game room plus 3 1/2 baths. Don’t miss the Jr master suite with a private full bath. The tandem 3 car garage is oversized with plenty of room for cars and shop space, comes with pre wiring for electric vehicle. Spacious back yard with extended covered patio and added pavers and walkways + storage shed and extra garden space. Soft water sys & owned RO System.
Prescott, Arizona, known for its scenic beauty and historical charm, presents a unique real estate market distinct from other major cities in the state like Phoenix and Tucson. Understanding these differences can help potential buyers and investors make informed decisions about where to invest in Arizona’s diverse real estate landscape.
Prescott’s real estate market is characterized by its historical appeal and natural surroundings. The city is nestled amid the Prescott National Forest, offering a cooler climate due to its elevation of around 5,300 feet. This provides residents with mild summers and relatively warm winters, making it a desirable location for those
seeking a temperate environment. The median home price in Prescott was approximately $651,000 as of April 2024, showing a steady increase in property values.
The city’s historical downtown, with its Victorianstyle architecture and the famous Whiskey Row, adds to its charm. Properties in this area are often in high demand due to their unique character and proximity to local amenities and events, such as the World’s Oldest Rodeo. Despite its growing popularity, Prescott maintains a small-town feel, fostering a strong sense of community among its residents.
In contrast, Phoenix, the state capital and
largest city, offers a vastly different real estate market. Phoenix’s market is defined by rapid urban growth and a booming economy. With significant employment opportunities in technology, healthcare, education, and manufacturing, Phoenix attracts a diverse population. The median home price in Phoenix stands at approximately $450,000, making it more affordable than Prescott, but the market is competitive with homes typically selling within 56 days.
Phoenix’s amenities include extensive shopping, dining, and cultural institutions, along with professional sports teams. The city’s hot desert climate, with scorching summers, appeals to those who enjoy year-round warmth, and its well-developed infrastructure, including an international airport and a light rail system, enhances its connectivity.
Tucson offers another distinct real estate landscape, characterized by its rich cultural heritage and affordability. The presence of the University of Arizona injects a vibrant, youthful energy into the city, influencing its real estate market significantly. The median home price in Tucson is around $350,000, making it more affordable than both Prescott and Phoenix. Homes in Tucson typically stay on the market for about 45 days, indicating a balanced demand and supply dynamic.
Tucson’s proximity to the Mexican border enriches its cultural offerings, with numerous festivals and a renowned culinary scene. The city’s natural attractions, such as Saguaro National Park and the Sonoran Desert, offer ample opportunities for outdoor activities. Tucson’s lower cost of living makes it an attractive option for retirees, students, and families.
Each city in Arizona offers a unique real estate market catering to different lifestyles and
preferences. Prescott stands out with its historical charm and cooler climate, appealing to those seeking a quaint, nature-oriented lifestyle. Phoenix offers urban amenities and economic opportunities, ideal for professionals and businesses. Tucson provides cultural richness and affordability, making it a favorite among retirees and students. Understanding these nuances can help buyers and investors choose the right city based on their specific needs and preferences.
Whether you’re drawn to Prescott’s historical charm, Phoenix’s urban amenities, or Tucson’s cultural richness, finding the perfect home in Arizona starts with expert guidance. Don’t miss out on your ideal property in this diverse and dynamic state.
Contact us now at (928) 696-7000 or send an email to peter@listingprescott.com to get personalized assistance. For more information and to explore available listings, visit our website at https://listingprescott.com.
Sources: Movoto. (n.d.). Prescott, AZ Market Trends - Movoto. Movoto Real Estate. https://www.movoto.com/prescott-az/ market-trends/ Sperry, C. (2024, January 30). Miami housing market in 2024: What you need to know. Apartment Living TipsApartment Tips From ApartmentGuide.com. https://www. apartmentguide.com/blog/miami-housing-market/
PROPERTY INFORMATION:
Updated and upgraded custom home with views! New roof in 2022, high end Anderson Windows! remodeled kitchen with pull outs, open to the great room with pass through stone fireplace all updated within the last 2 years. Elegant kitchen with Granite counter tops and desirable herb garden atrium. New hot water heater in 2022. Real Hardwood Floors & all tile floors, Live on one level with 3 bedrooms and 2 baths on the main level as well as an HUGE deck with views. Spacious master suite with sep shower & jetta tub. Game room, Great room and Family room Plus 400+ extra sq. ft with 7 ft clearance in the unfinished basement area great for shop space or loads of storage. Lower level has a family room, bathroom and 2 additional bedrooms
In the Pines on One Level, Brand New Flooring, Updated Kitchen with Corian/type counter tops! Super lot all fenced and great Privacy. Extra deep 26ft garage with Storage! 3rd car garage is currently an office but could go back to a 3rd car bay, or just use it as a wood shop. Amazing Back Yard oasis, super private, Trex Deck on the back deck and Hot Tub is included, Fully fenced back yard. Spacious master suite with sep shower and tub. Great room area with Gas fireplace, great floor plan with 4 bedrooms & 2 1/2 baths. Don’t miss the Tesla Car charger in the garage, or the large storage shed in the back. Truly a rare find
PROPERTY INFORMATION:
Views Never to be taken away & An Awesome lot originally paid a $40, 000 lot premium! 2021 build, tandem 3 car garage!! Great upgrades inside including Quartz counter tops, Tile floors in all the main walk areas and highly upgraded plush carpet in all the bedrooms. Great floor plan with 3 bed + den/office or Formal Dining room. Third Car garage has Epoxy Floor and don’t miss the high end whole house water filtration system, soft water system and R/o System. This is a VERY Rare find and won’t last long, see it and you’ll buy it!
The Prescott real estate market has garnered attention for its picturesque landscapes, historic charm, and growing popularity as a desirable place to live. As we look towards 2025, several key factors and trends will likely shape the market dynamics in this Northern Arizona city.
Prescott’s appeal lies in its blend of small-town charm and access to modern amenities, making it a hotspot for retirees and remote workers. The city’s population growth is expected to continue as more people seek affordable housing and a higher quality of life away from larger metropolitan areas. This demographic shift will likely sustain demand for housing, supporting stable or even rising home prices.
One significant factor influencing the Prescott real estate market in 2025 will be the availability of housing inventory. Currently, Prescott faces a shortage of homes, which has driven up prices. However, new housing developments are on the horizon, aiming to alleviate some of this pressure. Increased construction activity is expected to provide more options for buyers, potentially stabilizing prices as supply catches up with demand.
Mortgage rates have been a critical factor in the real estate market, influencing affordability and buyer activity. By 2025, mortgage rates are anticipated to moderate from the highs seen in recent years. Lower interest rates could make buying a home more attractive, increasing buyer activity in Prescott. This trend, combined with increased housing supply, could create a more balanced market.
While the Prescott market has seen significant price increases, the rate of growth is expected to slow down. Experts predict that home prices in Prescott will experience modest gains rather than the sharp spikes witnessed during the pandemic. This stabilization will likely improve affordability, making it easier for first-time buyers and those looking to relocate to enter the market.
For real estate investors, Prescott continues to offer attractive opportunities. The rental market remains strong, driven by the influx of new residents and the city’s appeal as a retirement destination. Investors can expect steady rental income and potential appreciation in property values as the market matures. Moreover, the ongoing development of amenities and infrastructure will further enhance the city’s attractiveness to both residents and investors.
Market sentiment in Prescott is expected to remain positive, with buyers showing increased interest in properties that offer good value for money. The trend towards remote work and the desire for spacious, scenic living environments will continue to drive demand in Prescott. Buyers are likely to prioritize homes with modern amenities, energy efficiency, and proximity to outdoor recreational activities.
In summary, the Prescott real estate market in 2025 is poised for steady growth and stability. With moderated home price increases, an uptick in housing supply, and favorable mortgage rates, the market presents a promising landscape for both buyers and investors. As Prescott continues to attract new residents with its unique charm and quality of life, the real estate market is set to thrive in the coming years.
If you’re considering buying a home or investing in Prescott’s promising real estate market, now is the time to act! With favorable market conditions predicted for 2025, you can take advantage of increasing housing supply, stable prices, and lower mortgage rates.
Contact us today to start your journey:
Call us at (928) 696-7000
Email us at peter@listingprescott.com Visit our website at https://listingprescott.com for more details.
Don’t miss out on the opportunity to secure your dream home or a valuable investment in one of Arizona’s most sought-after locations. Reach out to us now and let our expert team guide you through the process!
Sources:
A look at home price appreciation through 2025. (n.d.). West USA Realty of Prescott. https://www.westusaofprescott.com/a-look-at-home-priceappreciation-through-2025
Prescott Real Estate Forecast, Housing Market Prediction: up to 425550 USD! - Prescott City Real Estate Market Forecast 2023-2033, LongTerm & Short-Term Property Home Price Prediction with Smart Technical Analysis. (n.d.). Walletinvestor.com. https://walletinvestor.com/real-estateforecast/az/yavapai/prescott-housing-market
Some of the BEST VIEWS in American Ranch, never to be taken away, open space behind! Rare Equestrian 2.02 Acre Lot! Great riding, Walking distance to the Arena, and not far from the club house and pool. This Amazing home takes full advantage of the stunning Granite Mountain Views, Home has been professionally landscaped front and back! Ultra-modern design, 2 Spacious bedrooms and a huge laundry room that could be a potential office or pantry it’s so large with loads of cabinets. If you want a 3rd car garage and a barn, see the attached drawings for the 2-stall barn and 3rd car garage or tack room. Bask in the views from all the back windows, Energy star appliances and high-end luxury vinyl flooring, high end metal roof. Currently priced significantly under the cost to build!
PROPERTY INFORMATION:
Super Views! 9.91 Acres, Great Privacy, RV Carport. Own your own little Ranch. Gated Entrance. Oversized 3 car garage with 1/2 bath. High speed internet through Starlink which is transferable to the new owner, work from home and live on your own mini ranchette, enjoy the peace and quiet, views and long walks. Main house has an enticing great room with wood burning stove, plenty of room for entertainment. Kitchen with Granite counter tops and double oven gas range. Spacious Master Suite with large bathroom and walk in closet, Secondary bedroom is also large with a walk in closet. High efficiency with Radiant floor heat with newer boiler + back up forced gas heat. 3rd bedroom is the Den off the great room and is really best as an office no closet and no door. Fenced back yard
Published Date: 5/13/2024
WASHINGTON, D.C.—On Friday, May 10, 2024, Government National Mortgage Association (Ginnie Mae) Acting President Sam Valverde provided the following statement to the Financial Security Oversight Council (FSOC):
Thank you, Madame Secretary, for the opportunity for Ginnie Mae to join the Council in this important work. Since the 2008 financial crisis, there has been a significant shift in the mortgage market away from traditional depository banks to nonbanks, or independent mortgage banks (IMBs). This shift is particularly pronounced in Government mortgage lending programs and Ginnie Mae’s mortgage-backed securities (MBS) program.
While the growth of IMBs in the mortgage market introduced unique challenges, it has also expanded the reach of these programs. IMBs have met borrowers where they are, adopting new technologies and practices to better serve them, and have helped millions of Americans achieve homeownership. Their story of growth has also been the story of Ginnie Mae’s growth, and our Issuers have helped advance our mission to expand access to affordable credit and housing to historically underserved communities, including low- to moderate-income borrowers, seniors, veterans, and rural and Tribal communities.
These federal programs were originally designed with depository institutions in mind. Independent mortgage banks lack the diverse funding sources that regulated banks enjoy. Their unique focus on housing finance has driven significant consumer benefits, but it also drives unique liquidity challenges in the housing market precisely when liquidity is most needed—to support loss mitigation and orderly servicing transfers during a downturn.
We at Ginnie Mae have been raising this source of concern for over a decade. We have spent just as long deploying our existing authorities to develop a suite of risk
management and oversight tools to manage these risks, but we need new authorities to address these issues in a holistic manner. This is why it is so important that we have a public conversation about these risks.
This report represents months of work and introduces a number of recommendations for how state and federal agencies can strengthen the housing finance system and address these persisting challenges.
We look forward to our continued work with the Council on these pressing matters and stand ready to provide technical assistance on any related legislative approaches. I am confident that, working across the public sector, we can drive meaningful change in a way that supports sustainable access to credit while protecting the financial system and consumers from harm.
https://www.ginniemae.gov/newsroom/Pages/PressReleaseDispPage.aspx?ParamID=327
Escape to the pines for the RARE opportunity to live in Groom Creek, just 15 min to town, where you will find paved roads leading to this 4 bed 3 bath house situated on over 1/2 acre of land. This home was just painted inside and offers high speed internet, quartz counter tops, double ovens and movable island in the kitchen. Additionally, this home offers an over-sized 2 car garage, NEW Roof 2023, RV parking, fenced dog run area and TREX deck to enjoy the scenic views and wildlife. Great family home or ideal Air BNB! No HOA! Assumable VA loan at around $150, 000 at 2.5%
In the Pines on One Level, Brand New Flooring, Updated Kitchen with Corian/type counter tops! Super lot all fenced and great Privacy. Extra deep 26ft garage with Storage! 3rd car garage is currently an office but could go back to a 3rd car bay, or just use it as a wood shop. Amazing Back Yard oasis, super private, Trex Deck on the back deck and Hot Tub is included, Fully fenced back yard. Spacious master suite with sep shower and tub. Great room area with Gas fireplace, great floor plan with 4 bedrooms & 2 1/2 baths. Don’t miss the Tesla Car charger in the garage, or the large storage shed in the back. Truly a rare find
The Consumer Price Index (CPI) rose 0.4 percent in March for the second consecutive month, bringing the year-over-year comparison to 3.5 percent, an acceleration of threetenths compared to February, according to the Bureau of Labor Statistics (BLS). Energy prices rose 1.1 percent after a 2.3 percent gain the month prior, while food prices rose a muted 0.1 percent over the month. Excluding food and energy, core CPI increased 0.4 percent for the third consecutive month, leaving the annual rate unchanged at 3.8 percent. Core goods prices declined over the month but were offset by large monthover-month increases in shelter (0.4 percent), medical care services (0.6 percent), and motor vehicle insurance (2.6 percent).
The Producer Price Index (PPI) increased 0.2 percent in March, pushing the yearover-year comparison up five-tenths to 2.1 percent, according to the BLS. Excluding food, energy, and trade services, core PPI rose 0.2 percent on the month, the smallest increase since November. Compared to a year ago, the core PPI was up 2.8 percent.
The National Federation of Independent Business (NFIB) Small Business Optimism Index declined 0.9 points to 88.5 in March, its lowest level since 2012. The net percentage of businesses planning to increase employment declined 1 percentage point to 11, the lowest level since the onset of the pandemic. Negative 18 percent of firms expect real sales to be higher, a decline of 8 percentage points. The net share of businesses raising average selling prices jumped 7 points to 28 percent, the highest level since October. A plurality of firms (25 percent) reported inflation as their single most important problem, an increase of 2 percentage points.
The minutes from the Federal Open Market Committee (FOMC) March 19-20 meeting showed that “almost all participants judged that it would be appropriate to move policy to a less restrictive stance at some point this year if the economy evolved broadly as expected.” Further, the minutes stated that slowing the pace of quantitative tightening (QT) should happen “fairly soon.” The planned structure, according to the minutes, would leave the agency MBS cap of $35 billion per month unchanged while reducing the current $60 billion cap on Treasury securities. Actual MBS runoff has averaged less than
half of the set cap since QT began in mid-2022.
The gains in headline and core CPI were above both consensus and our expectations. The CPI has now had three consecutive readings that have come in above market expectations, suggesting that some price pressures beyond lagged shelter costs still remain. This is further supported by a sharp jump in the number of small businesses reporting price increases in March. As such, we will likely be revising upward our inflation expectations for the year. Still, the PPI came in somewhat below market expectations and suggests that the core PCE price index, which is the Fed’s preferred inflation measure, will be considerably softer than the core CPI. While that’s supportive of eventual rate cuts this year, we now see a June rate cut as increasingly unlikely given the strength in the labor market and generally hot inflation readings. The recent rise in the 10-year Treasury resulting from both the jobs report last week and the CPI report this week will also likely put upward pressure on mortgage rates above our current forecast.
https://www.ginniemae.gov/newsroom/Pages/PressReleaseDispPage.aspx?ParamID=327
Great Views & Privacy Over 3 Acres plenty of room for an RV! Tile Roof & High end Anderson sounds reducing windows, New A/C and Heat pump 2022! Great well w/ New pump and Pressure tank in 2015. Gardeners Dream home with Greenhouse on concrete slab and Fenced raised bed garden w/drip system. Hobbyists can enjoy the Oversize Heated 3 Car garage 24ft deep + a 12x15 Storage shed as well. Great floor Plan with 2,416 Sq. ft + an enclosed heated and cooled sun room area for extra space. 3 large bedrooms & 2 Baths + a HUGE library/office area with all built ins. Whole house Kenitco soft water system. Lots of space to park RV’s or Toys, lots of Parking space. All Paved Roads. HOA is a road maintenance HOA with FEW restrictions. See it today
PROPERTY INFORMATION:
BRAND NEW 2024 home with Views and NO HOA, Animals welcome! & RV Parking! located in New Subdivision with paved roads and underground utilities. Beautiful top of the cul-de-sac lot with private well producing 50+ gallons per minute! This home sits on a full acre of land with gorgeous views from the large front & rear concrete patios! Enjoy the many UPGRADES this home offers including 8’ high flat ceilings, solid wood white cabinets, stainless steel farmhouse sink, upgraded SS appliance package including a side-by-side refrigerator! 2’’ faux wood blinds throughout, 2x6 construction with upgraded insulation & architectural shingles. 1-Year Manufacturer’s warranty included! Move-in ready end of May/early June. MANUFACTURED
Gross domestic product (GDP), adjusted for inflation, increased at a 1.6 percent seasonally adjusted annualized rate (SAAR) in Q1 2024, a deceleration from the 3.4 percent annualized growth rate in the prior quarter, according to the Bureau of Economic Analysis (BEA). While real personal consumption expenditures (PCE) remained strong at a SAAR of 2.5 percent and business fixed investment rose at a robust 4.4 percent annualized growth rate, the headline GDP number was dragged down by the volatile net exports and inventory investment categories. Real final sales to private domestic purchasers, which is the sum of private consumption and investment and is sometimes referred to as core GDP, increased at a solid 3.1 percent annualized rate. We also note that residential fixed investment surged at a 13.9 percent annualized rate as commissions increased from stronger home sales figures and single-family construction remained robust.
Personal income, adjusted for inflation, increased 0.2 percent in March, according to the BEA. Real disposable personal income was also up 0.2 percent. Real personal consumption outpaced income gains, rising 0.5 percent over the month. This pushed the saving rate down four-tenths to 3.2 percent, the lowest since October 2022. The PCE price index rose 0.3 percent over the month and 2.7 percent over the year. Core PCE prices also rose 0.3 percent in March and were up 2.8 percent compared to a year ago.
The National Association of REALTORS® Pending Home Sales Index, which records contract signings of existing homes and typically leads closed sales by one to two months, increased 3.4 percent to 78.2 in March, its highest level in a year.
New single-family home sales rose 8.8 percent to a SAAR of 693,000 in March, the fastest sales rate since September, according to the Census Bureau. However, the February figure was revised downward sharply. The months’ supply declined five-tenths to 8.3 as the faster sales pace offset the 2.6 percent rise in new homes available for sale.
Real GDP was below consensus and our expectations, but the miss was primarily due to the volatile net exports and inventory investment categories that are less indicative of the underlying growth trend. Real PCE was in line with our forecast and both residential and business fixed investment were somewhat higher than we had expected. Socalled “core GDP” grew at a solid 3.1 percent annualized rate, which we believe is more indicative of the actual strength of the economy in Q1. We continue to believe growth is likely to slow this year as consumers return to a more typical saving rate and both businesses and consumers respond to a higher-for-longer interest rate environment.
PCE inflation was above both consensus and our expectations. Core services excluding housing, a closely watched measure of wage pressures, rose at an annualized rate of 4.8 percent. While we continue to see some easing in core price inflation this year in line with our forecast for a generally slowing economy and weaker labor demand, incoming data supports our forecast for a higher-for-longer monetary policy stance.
The rise in pending home sales presents a bit of upside risk to our near-term existing home sales forecast. Still, pending sales recorded in March occurred before rates jumped back above 7 percent, so we continue to expect a small pullback in existing sales in Q2 as the higher rates weigh on demand. On the new sales side, after revisions, the Q1 quarterly sales pace was in line with our forecast. At 8.3, the months’ supply is consistent with ongoing use of incentives, which we believe will help new homes sales rise as the year progresses.
https://www.fanniemae.com/research-and-insights/forecast/gdp-details-continue-signal-strongeconomy-new-and-pending-home-sales-rise
4 Car garage large 2G attached and 20x20 detached! 2 acres of Land fenced on 3 sides! SUPER VALUE! Great Views, and a good well! Kitchen with Granite counter tops and loads of cabinets. Master on the Main Level with large walk in closet and spacious bath. Half bath and laundry down as well. Upstairs you will find 2 huge secondary bedrooms and a full bath. Bring the Horses and Farm animals 2 flat acres great for the critters. Come see this great Buy!
PROPERTY INFORMATION:
Brand new carpet, Real Hardwood Floors, move in ready super clean home in a great location. Great Landscaping front and back, Extra large 27 ft deep garage. Large great room with gas fireplace and bay window. Spacious kitchen with real wood cabinets and a large eating area. Split floor plan for privacy. Spacious master suite with large master bath separate shower and tub and dual sinks. Laundry room with sink. A/C and heater replaced in the last 10 years. RV parking and gate. Fully fenced back yard with drip system for all the plants. See it today!
PROPERTY INFORMATION:
Real Hardwood floors and tile floors, Kitchen with granite counter tops, a farm sik, gas range and open to the great room. Master bedroom and JR suite as well as bedroom 3. Super floor plan not to mention you have a private covered patio. Super location close to everything, as well as being only a half mile walk from all the amazing amenities of Prescott lakes country club with pickle ball, extensive exercise equipment, activities plus and indoor and outdoor pool. The home also features a tankless hot water heater for unlimited long showers. Great home for a second home or for that Embrey-riddle, Yavapai College or Prescott College student of yours who needs a safe place to live! Also the unit just got a new roof in 2024!
Are you considering a move to Prescott, Arizona? As one of the top-rated cities in the United States, it’s no wonder that more and more people are choosing to call it home. From its stunning natural beauty to its dynamic community, Prescott offers a unique lifestyle that sets it apart from other cities. In this comprehensive guide, we’ll take a closer look at Prescott’s unique selling points, so you can see why it’s the perfect place to live, work, and play.
At the forefront of Prescott’s allure is its breathtaking natural landscape, a harmonious blend of diverse ecosystems ranging from dense forests of Ponderosa Pines to expansive prairies, striking granite boulders, serene lakes, and the endless azure of sunny skies that promise unforgettable sunsets. This picturesque setting is complemented by a variety of neighborhoods
each with its own character and charm. From the walkable streets of downtown Prescott to the vintage appeal of Mount Vernon, the secluded cabins of Ponderosa Park, to the luxury of custom-built homes and golf communities like American Ranch and Hassayampa Village, Prescott offers a spectrum of living options. Neighborhoods such as Forest Trails, Hidden Valley Ranch, and The Village further enrich the city’s residential tapestry, making the quest for the perfect home an exciting journey through diverse landscapes and lifestyles.
Prescott’s geographical diversity serves as a backdrop for an array of outdoor activities, making it a haven for nature lovers and adventure seekers alike. The city grants easy access to the sprawling expanse of Prescott National Forest, a playground for hiking, biking, rock climbing, and boating. Unique landmarks such as the Granite Dells, with its iconic rock formations and network of trails around Watson and Willow Lakes, offer endless exploration opportunities. Other notable natural attractions include Granite Basin, Goldwater Lake City Park, and Thumb Butte, ensuring that the call of the wild is never far from home.
The climate in Prescott is a rare treasure, offering residents the full spectrum of seasonal experiences without the extremes. Summers are warm and inviting, reaching the high 80s but spared the scorching heat typical of the Phoenix area. Winters are mild, with daytime temperatures in the high 20s and snowfall that adds a magical touch to the landscape without overstaying its welcome. This perfect balance of weather conditions makes Prescott an ideal
setting for year-round outdoor adventures and leisure.
Prescott’s historic downtown is a vibrant hub of cultural heritage and entertainment. Having once served as the state capital, the city is peppered with historic buildings that date back to the late 1800s, preserving the spirit of its rich past. Whiskey Row, once the heart of Prescott’s gold rush era, now thrives as a lively strip of bars, restaurants, shops, and galleries, blending the old with the new in a celebration of the city’s pioneering spirit.
Beyond its historic and natural appeal, Prescott is a vibrant center for arts, culture, and education. The city is alive with festivals, concerts, and cultural events that cater to a wide range of interests. From the Central Arizona Concert Band to the Prescott Film Festival, the city’s artistic scene is both diverse and dynamic. Education is equally valued, with a variety of schools, including Prescott Unified School District and higher education institutions like Yavapai Community College and Embry-Riddle Aeronautical University, providing quality educational opportunities for all ages.
Prescott’s strategic location in north-central Arizona offers the perfect balance of seclusion and accessibility. The city is part of the vibrant Quad Cities region and serves as a gateway to a variety of destinations, from the natural beauty of Sedona to the urban appeal of Phoenix. Additionally, Prescott’s reasonable
property and income tax rates, coupled with the absence of estate tax and taxation on social security earnings, make it an attractive option for homeowners and retirees alike.
Prescott stands as a testament to the beauty of Arizona, offering a unique blend of natural splendor, cultural richness, and a welcoming community. Its diverse neighborhoods, abundant outdoor activities, favorable climate, historical significance, vibrant arts scene, commitment to education, strategic location, and financial advantages converge to make Prescott not just a place to live, but a place to thrive. Whether you’re seeking adventure, tranquility, or a bit of both, Prescott invites you to explore its many wonders and discover why it’s not just a unique place to call home, but a treasure trove of experiences waiting to be uncovered.
Discover the enchanting world of Prescott and embark on the journey to finding your dream home in this picturesque city. Whether you’re drawn to its scenic beauty, rich history, vibrant culture, or the allure of outdoor adventures, Prescott has something special for everyone. Don’t miss out on the opportunity to explore what makes Prescott truly unique.
Contact us today at (928) 696-7000 or email peter@listingprescott.com
to learn more about the diverse living options and begin your adventure in finding the perfect home that meets all your desires in the heart of Arizona. Let’s make your dream of living in Prescott a reality!
Navigating the landscape of home financing can often feel like trekking through a dense forest, full of unknowns and possibilities. Especially in a scenic locale like Prescott, Arizona, where the allure of owning a home is as captivating as the city’s natural beauty. Whether you’re a first-time homebuyer or looking to expand your investment portfolio, understanding the myriad of financing options available to you is crucial. This comprehensive guide aims to illuminate the path to securing the right financing for your dream home in Prescott, ensuring your journey is as smooth and informed as possible.
The world of real estate financing is vast and varied, offering a palette of options to suit different needs and circumstances. Let’s look at the most prominent financing avenues available in Prescott, ensuring you’re well-equipped to make an informed decision.
For those venturing into home ownership for the first time or seeking to purchase a primary residence, conventional loans stand out as a popular choice. These mortgage loans are facilitated by private lenders and lack government insurance. Remarkably, they offer the possibility to embark on homeownership with a minimal down payment of just 3%, making them an accessible option for many.
Crafted with the needs of low-to-moderate income earners in mind, FHA loans are insured by the Federal Housing Administration. These loans are a beacon for individuals who find the prospect of a substantial down payment daunting, requiring as little as 3.5% down. FHA loans embody the principle of inclusivity, ensuring a broader range of individuals can pursue the dream of homeownership.
The allure of rural living is undeniable, and USDA loans, backed by the United States Department of Agriculture, cater specifically to those drawn to countryside living. The most compelling aspect of USDA loans is their offer of a 0% down payment, making them an incredibly attractive option for prospective homebuyers in rural settings.
Dedicated to active service members, veterans, and their families, VA loans represent a token of gratitude for their service to the country. Guaranteed by the U.S. Department of Veterans Affairs, these loans also offer the significant benefit of a 0% down payment, acknowledging the sacrifices made by military personnel.
For those considering a vacation retreat or a second home in Prescott, the financial landscape is equally accommodating. A second home can be secured with a down payment as low as 10%. Meanwhile, diving into the realm of investment properties reveals the possibility of acquisition with a 20% down payment, opening avenues for wealth generation and portfolio diversification.
Before embarking on this significant journey, it’s essential to survey the terrain by shopping around and comparing loan offers from a variety of lenders. The terms and conditions of loans can vary widely, so finding the one that best fits your financial landscape is key. Additionally, consider getting pre-qualified for a mortgage to gain insight into your borrowing capacity.
Current loan rates in Prescott offer a snapshot of the financial climate, with a 30-year fixed loan hovering around 7.25%, a 15-year fixed loan at approximately 6.36%, and a 5-year ARM at 6.42%. It’s important to remember that these rates are subject to change, influenced by market dynamics and individual credit profiles.
As you stand on the brink of making one of the most significant investments of your life, armed with knowledge and insights into the financing options at your disposal, you’re better prepared to navigate the complexities of purchasing a home in Prescott. Remember, the key to a successful home financing journey lies in thorough research, careful planning, and a clear understanding of your financial situation.
In the enchanting city of Prescott, where the promise of a home resonates with the tranquility of its surroundings, embarking on this journey is not just about acquiring property. It’s about laying
down roots in a community, building a sanctuary for yourself and your loved ones, and investing in your future. With the right financing strategy, your dream home in Prescott isn’t just a possibility— it’s within reach.
Discover the enchanting world of Prescott and embark on the journey to finding your dream home in this city. Whether you’re drawn to its scenic beauty, rich history, vibrant culture, or the allure of outdoor adventures, Prescott has something special for everyone. Don’t miss out on the opportunity to explore what makes Prescott truly unique. Contact us today at (928) 696-7000 or email peter@listingprescott.com to learn more about the diverse living options and begin your adventure in finding the perfect home that meets all your desires in the heart of Arizona. Let’s make your dream of living in Prescott a reality!
In the real estate market, many people have long been captivated by the idea of owning a second house. The market for second homes offers a special mix of options and problems, whether it’s for long-term investment, vacation escapes, or rental income. One place that has drawn interest lately is the charming city of Prescott, which is well-known for its breathtaking scenery, energetic neighborhood, and potential real estate market.
Second homes are not the owner’s permanent residence; they are sometimes referred to as investment properties or vacation homes. Usually, these houses are utilized for vacations, rentals, or as a possible place to retire. The
possibility of financial gain, asset diversification, and personal fulfillment are the main draws of owning a second house.
Tucked down in the central region of Arizona, Prescott is a real estate hidden treasure. Prescott has gained popularity as a second home destination due to its variety of outdoor activities, historical history, and temperate environment. The city is the perfect place for individuals looking for a peaceful getaway because of its beautiful downtown area, historic architecture, and proximity to scenic areas like the Prescott
Due to reasons like low loan rates, distant employment prospects, and a growing desire for a change of scenery, Prescott has seen a boom in demand for second homes in recent years. Property values have increased as a result of the increased demand, creating a competitive market. Despite these developments, Prescott continues to provide reasonably priced real estate when compared to other well-liked secondhome locations, which attracts both lifestyle and investment purchasers.
In order to profit from the Prescott second home market, investors should take into account a number of important options. Buying a home through websites like Airbnb or VRBO and renting it out for a brief period of time is one tactic to capitalize on the city’s popularity with travelers and outdoor enthusiasts. Purchasing a second property and taking advantage of Prescott’s robust rental market and expanding population is an additional choice for long-term rental income.
It’s crucial to approach the investment with careful thought and strategic planning when entering Prescott or any other location’s second home market. Here are some ideas to assist you in navigating this dynamic yet cutthroat market:
1.INVESTIGATE THE MARKET:
Before making any investment decisions, become familiar with the Prescott area’s real estate trends, property valuations, demand for rentals, and laws.
Establish your goals for owning a second property, including long-term appreciation, rental income, or personal usage, and then match your investment approach to achieve those goals.
3.COLLABORATE WITH REGIONAL EXPERTS:
Collaborate with financial experts, property managers, and real estate brokers with knowledge in the Prescott area to obtain insightful advice.
4.EXAMINE YOUR FINANCING OPTIONS:
Investigate several financing choices, including cash purchases, HELOCs, and mortgages, to choose the best strategy for your investment. In conclusion, Prescott’s second-home market offers both lifestyle shoppers and investors an abundance of options. You can make wellinformed judgments that support your objectives by studying market trends, investigating different investment approaches, and adhering to reliable real estate investing principles. Prescott’s charm and potential make it an appealing location in the world of second homes, whether you’re looking for a tranquil getaway, a passive income stream, or a long-term investment.
Ready to explore the exciting opportunities in Prescott’s second home market? Contact Peter Fife, your local real estate expert, to guide you through the process. Whether you’re looking for a vacation retreat, an investment property, or a rental income opportunity, Peter has the expertise to help you achieve your goals. Call 928-6967000 or email peter@listingprescott.com to start your journey toward owning a second home in the captivating city of Prescott today!
As the first quarter of the year wraps up, the charming city of Prescott, Arizona, finds itself at the center of attention for real estate enthusiasts and potential homeowners alike. Nestled amidst the picturesque landscapes of Yavapai County, Prescott’s real estate market has displayed a series of intriguing trends and shifts, beckoning a closer look from investors and families dreaming of a life in this serene locale. This article delves deep into the heart of Prescott’s real estate dynamics, offering a detailed exposition of the current market situation. With a blend of historical charm and modern amenities, Prescott’s market trends are as captivating as the city itself. Join us as we dissect the numbers, trends, and what they signify for buyers, sellers, and observers in the bustling real estate scene of Prescott, Arizona.
Prescott’s housing landscape has been a subject of considerable interest, showing a notable increase in home values over the past year. The average value of homes in this tranquil city has climbed to $590,623, marking a growth of 2.2%. This uptick is a testament to Prescott’s enduring appeal, offering both residents and investors a glimpse into the city’s robust market health.
As we venture further into the intricacies of Prescott’s real estate market, the current inventory levels and new listings provide a clearer picture of the market dynamics. As of January 31, 2024, the for-sale inventory
stood at 450 properties, reflecting the diverse range of options available to potential buyers. Complementing this, the city saw 84 new listings, suggesting a steady influx of opportunities for those keen on calling Prescott home.
In an intriguing revelation, the median saleto-list ratio as of the end of December 2023 was recorded at 0.975. This ratio is indicative of the bargaining power in the hands of buyers, showcasing a market that is balanced yet slightly leaning towards buyers’ favor. The median sale price around this time was $585,833, closely shadowed by a median list price of $680,583 as we entered the new year. These figures underscore the competitive nature of Prescott’s market, alongside the potential for negotiation and value appreciation. Moreover, the distribution of sales over and under the list price reveals further nuances of the market. Approximately 10.6% of sales exceeded the list price, hinting at a competitive edge in certain segments of the market. Conversely, a significant 67.4% of sales concluded under the list price, indicating a prevalent buyer’s advantage in negotiating deals.
One of the critical indicators of market demand and health is the median days to pending, which stood at 49 days as of January 31, 2024.
This metric offers insight into the pace at which properties are moving from listing to pending status, highlighting the demand dynamics at play. A period of 49 days suggests a market that is active yet allows for thoughtful decisionmaking by buyers, striking a balance between urgency and deliberation.
For potential buyers, the current state of Prescott’s real estate market presents a landscape ripe with opportunities. The relatively balanced market conditions, coupled with the ability to negotiate below list prices, create a favorable environment for those looking to invest or settle in Prescott. Sellers, on the other hand, might need to calibrate their expectations and pricing strategies, considering the competitive nature of the market and the prevailing buyer’s advantage.
As we chart the course through the everevolving real estate market of Prescott, Arizona, the trends and figures highlighted offer a beacon for navigating the opportunities and challenges ahead. Whether you’re a seasoned investor, a family in search of a new beginning, or simply an enthusiast eager to understand the dynamics of this captivating city, Prescott’s real estate market holds the promise of discovery and potential.
As the seasons change and the first quarter of 2024 gradually unfolds, Prescott’s real estate market continues to tell a story of growth, resilience, and opportunity. In a city where the past and present converge amidst the natural beauty of the Arizona landscape, the real estate market stands as a testament to Prescott’s
enduring allure and the dreams it holds for the future.
Prescott has something unique for everyone, whether your attraction is its breathtaking scenery, fascinating history, lively culture, or the appeal of outdoor activities. Don’t pass up the chance to discover what makes Prescott genuinely exceptional. To find out more about the various living alternatives and to start your journey toward discovering the ideal house that satisfies all of your needs in the heart of Arizona, contact us now at (928) 696-7000 or send an email to peter@listingprescott.com. Together, we can make your desire to call Prescott home a reality!
In a recent episode of The Power Is Now Real Estate TV, we had the pleasure of welcoming Peter Fife, a distinguished real estate professional from Prescott, Arizona, to our platform. With 28 years of experience under his belt and a ranking within the top 1% of realtors nationally, Peter’s insights into the Prescott market were invaluable. His journey in real estate, deeply rooted in a family legacy, and his perspectives on seizing the moment in the everevolving real estate landscape, underscored the essence of what it means to be a proactive and successful agent in today’s market.
Peter’s story is a testament to the power of perseverance and adaptability. As a third-
generation realtor, he followed in the footsteps of his family, carving out his own path in the industry. His initial career aspirations may have leaned towards education, but life’s unpredictable nature led him back to real estate. This pivot was not just a fallback plan but a calculated step into a field where he has since made significant strides. His approach to real estate is not just about transactions; it’s about understanding the pulse of the market and leveraging the moment to create opportunities for his clients and himself.
The phrase “The Power Is Now” resonates deeply with Peter, echoing the philosophy of seizing the day. This mindset has been instrumental in his approach to real estate, emphasizing the importance of being present and proactive,
regardless of market conditions. In a profession where the future is uncertain and past successes offer no guarantees, the ability to navigate the present moment, with all its challenges and opportunities, is crucial. Peter’s interpretation of this mantra as a call to action, to make the most of the opportunities available today, is a valuable lesson for professionals in any field. Peter’s journey into real estate, influenced by his family background, is a compelling narrative of legacy and resilience. Despite the initial plan to pursue a career in education, the realities of life and the need to provide for his family led him back to the realm of real estate. This decision was not just about financial necessity; it was about embracing a field with the potential for impact and growth. His story highlights the importance of adaptability and the willingness to embrace change, even when it leads you down an unexpected path.
The discussion then shifted to the allure of Prescott, Arizona, as a prime destination for real estate investment and living. Peter’s detailed account of the city’s unique charm, from its ideal climate to its vibrant community spirit, painted a picture of a place not just to invest in but to call home. Prescott’s balanced lifestyle, coupled with its safety, affordability, and community-oriented atmosphere, makes it an attractive option for retirees and families alike. Peter’s passion for the city, coupled with his deep understanding of its real estate market, underscores the importance of having a knowledgeable and dedicated realtor when navigating such a dynamic market.
One of the most captiv ating aspects of our conversation was Peter’s insight into the driving forces behind Prescott’s economy and its appeal to potential residents. The influx of Californians seeking a better quality of life, the presence of esteemed educational institutions, and the unique economic landscape of Prescott contribute to its desirability. Peter’s
detailed analysis of the local economy, from its reliance on construction, retail, and medical sectors to the impact of higher education institutions like Embry-Riddle University, provided a comprehensive overview of what makes Prescott tick. His enthusiasm for the city’s community events, especially its celebrated Christmas festivities, added a personal touch to the discussion, highlighting the warmth and welcoming nature of Prescott’s residents. As the host of The Power Is Now Real Estate TV, my conversation with Peter Fife was not only enlightening but also inspiring. His dedication to his profession, his deep-rooted connection to Prescott, and his insightful observations on the real estate market exemplify the qualities of a top-tier realtor. For anyone considering a move to Prescott or seeking to understand the nuances of its real estate market, Peter’s expertise and passion make him an invaluable resource.
In closing, our episode with Peter Fife was a reminder of the dynamic and ever-changing nature of real estate. His journey from aspiring educator to real estate maven, his approach to seizing the day, and his deep understanding of Prescott’s unique market dynamics underscore the importance of knowledge, adaptability, and passion in achieving success. For our viewers and readers seeking expert guidance in the Prescott real estate market, Peter Fife’s insights offer a roadmap to making informed decisions in this vibrant and promising region.
In the preceding episode of The Power Is Now Real Estate TV’s engaging episode featuring Peter Fife, a distinguished real estate professional from Prescott, Arizona, we dived deep into his remarkable journey, the appeal of Prescott as a premier real estate destination, and the invaluable insights garnered from his 28 years of experience within the industry. As we continue on this episode, we aim to further dissect the difficulties of Prescott’s real estate market, the impact of economic drivers on property values, and Peter’s visionary approach towards fostering growth and prosperity for his clients. With a keen eye on the changing dynamics of this vibrant city, our ongoing discussion seeks to equip potential buyers, sellers, and real estate professionals with
the critical knowledge and strategies necessary to navigate the market effectively. Join us as we build upon our previous episode, offering a more comprehensive understanding of Prescott’s unique real estate landscape and the pivotal role of expert guidance in achieving real estate success.
Peter shares that Prescott, Arizona, is experiencing a unique market dynamic. In the wake of fluctuating interest rates in 2022, the Prescott real estate market saw a decline in property values—first, a 10% decrease from October to February, followed by a stabilization period, and then another 5% dip with the spike in interest rates around October. Despite these
challenges, the market has found its equilibrium, presenting a golden opportunity for investors and homebuyers alike. Peter’s advice is clear and straightforward: with the market at a low point, now is the opportune time to invest in real estate. He highlights the transient nature of the stock market and positions real estate as a more stable and rewarding investment. Going deeper into the conversation, we discuss the broader implications of the national debt and inflation on the real estate market. Peter posits that inflation, exacerbated by the United States’ $34 trillion national debt, is here to stay, making real estate an even more attractive investment. Through a historical analogy involving Juan Valdez, Peter illustrates the enduring value of real estate investment, emphasizing its superiority over other investment vehicles in terms of appreciation and return on investment. As the discussion progresses, the conversation shifts to the specifics of the Prescott market. Despite the general perception of Arizona as an affordable destination, Prescott is grappling with affordability challenges, particularly for local residents. The average active price in the market stands at around $673,000, with a significant disparity between listing prices and actual sales prices. This discrepancy underscores the importance of accurate pricing and market timing for sellers.
For buyers, Peter’s advice is clear: now is the time to act. With the potential for interest rates to fluctuate and the market’s propensity for rapid changes, sitting on the fence could mean missing out on the opportunity to secure a home at a more favorable price. His point about the historical appreciation of real estate as a hedge against inflation is particularly poignant in an era of unprecedented national debt and economic uncertainty. Real estate not only offers a tangible asset but also the potential for significant longterm gain, making it a prudent choice for those looking to invest their money wisely. Sellers, too, can glean valuable strategies from Peter’s insights. Positioning a property correctly is paramount in a market that may be perceived as shifting towards buyers. This means not only
pricing it accurately but also ensuring that it is presented in the best possible light. Peter’s emphasis on preparing a home for sale— through decluttering, making necessary repairs, and even staging—highlights the importance of first impressions in the real estate market. Sellers must recognize the value of investing in their property’s presentation to maximize their returns.
In conclusion, “The Power Is Now Real Estate TV” episode featuring Peter from Prescott, Arizona, offers a comprehensive overview of the real estate market dynamics in the area. The discussion provides valuable insights for potential buyers and sellers, highlighting the opportunities and challenges in the current market. Whether you are looking to invest, sell, or simply gain a deeper understanding of real estate, this episode serves as an essential resource for navigating the complex landscape of the real estate market.
To watch the full video, click this link to enjoy the full video: https://www.youtube.com/watch?v=EqzHydlDZg
If you’re inspired by Peter Fife’s success story and are considering exploring the vibrant real estate opportunities in Prescott, Arizona, there’s never been a better time to reach out. With his unparalleled experience, deep-rooted passion for the city, and a proven track record of success, Peter is your go-to expert for all things real estate in Prescott. Whether you’re buying, selling, or simply seeking advice on the market, Peter’s insights can guide you through the process with ease and confidence. Don’t miss out on the chance to work with one of the top realtors in the nation. Contact Peter Fife today at (928) 636-7000 or via email at peter@ listingprescott.com, and be sure to explore his wealth of resources at https://listingprescott. com/. Your journey to making informed and successful real estate decisions in Prescott starts here.
MovEnomics Real Estate Series 2024 with Peter Fife -Part 1
Welcome to “MovEnomics Real Estate Series 2024” on YouTube! Join host Peter Fife from Cold Banker Northland as we uncover the charm and allure of Prescott, Arizona, known affectionately as everyone’s hometown. This episode offers a comprehensive look into life in Prescott, showcasing everything from its friendly community and beautiful weather to its unique seasonal activities and vibrant real estate market.
MovEnomics Real Estate Series 2024 with Peter Fife -Part 2
Hey there! I’m Peter Fife with Coldwell Banker Northland in beautiful Prescott, Arizona. With 28 years of experience and over 2,000 successful transactions, I’m here to share everything you need to know about buying or selling your dream home
MovEnomics Real Estate Series 2024 with Peter Fife -Part 3
Discover the charm of Prescott, Arizona with real estate expert Peter Fife! In this engaging video, Peter unveils the secrets of Prescott’s traffic scene - where rush hour is a thing of the past and honking is taboo! Learn about the town’s relaxed driving culture and why it’s the perfect place to call home for retirees and families alike.
MovEnomics Introduction with Peter Fife | The Power Is Now Media Inc
Hey there! I’m Peter Fife with Coldwell Banker Northland in beautiful Prescott, Arizona. With 28 years of experience and over 2,000 successful transactions, I’m here to share everything you need to know about buying or selling your dream home
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Join host Eric L. Frazier MBA, and top-ranking realtor Peter Fife as they unravel the secrets of Prescott’s real estate scene. With 28 years of expertise, Peter Fife shares insights into the city’s charm, safety, and booming market. From his personal journey to the economic driving forces, this episode is a treasure trove of information for anyone curious about Prescott’s real estate landscape.
In this episode part 2, Join host Eric L. Frazier MBA and Peter Fife as they unravel the secrets of Prescott’s real estate scene. With 28 years of expertise, Peter shares insights on market trends, safety, and the city’s unique charm. Whether you’re a buyer or seller, this episode is packed with valuable advice and information.
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