Cottonwood Home Team
The #1 Seller of Real Estate in the Verde Valley
January 1st 2010 to June 28 2010 vs. January 1st 2011 to June 28 2011 saw a major jump. The number of sold homes in the Cottonwood-Clarkdale-Verde Village-Cornville areas jumped from 229 to 263. That is an increase of 13%!
However, the average sales price in that same time period dropped 17% and the median sales price dropped 19%. So good news bad news?? Depends on if you are a seller or buyer.
It appears that the "new" real estate values are assiting first time and move up buyers and the lower interest rates are proving that it is cheaper to buy vs. continuing to rent. Don't be one of those on the side lines, if the interest rate increases 1% the values would have to decrease 10% on average to have the same house payment.
Take advantage of one of the benefits to this "new" economy.
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