Prescott Valley, AZ – Real Estate Market Data – December 2012
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December Property sales were 90, up 11.1% from 81 in December of 2011 and 18.4% higher than the 76 sales last month. December 2012 sales were at their highest level compared to December of 2011 and 2010. December YTD sales of 1,053 are running 7.2% ahead of last year’s year-to-date sales of 982.
The Median Sales Price in December was $159,900, up 18.4% from $135,000 in December of 2011 and down 0.8% from $161,250 last month. The Average Sales Price in December was $167,510, up 18.7% from $141,106 in December of 2011 and up 1.4% from $165,174 last month. December 2012 ASP was at the highest level compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 284, down 7.5% from 307 last month and down 27.6% from 392 in December of last year. December 2012 Inventory was at its lowest level compared with December of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2012 MSI of 3.2 months was at its lowest level compared with December of 2011 and 2010.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for December was 80, down 23.8% from 105 days last month and down 36.5% from 126 days in December of last year. The December 2012 DOM was at its lowest level compared with December of 2011 and 2010.
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Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.