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REAL ESTATE

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CULINARY CORNER

WICKENBURG REAL ESTATE 2006

Wickenburg, Arizona. ,  The Wickenburg Real Estate Market has slowed greatly. These are the statistics.

          HOUSES SOLD  41 % Decline

          Jan 1, 2006- June 15, 2006                                     Jan 1, 2005- June 15, 2005

          Total Units 79                                                        Total Units 135

          $82,000- $500,000                  68 Units                    $ 70,000- $500,000            123 Units

          $501,000- $1,200,000             11 Units                    $501,000- $1,000,000           11 Units

                                                                                        $6,250,000                             1 Unit

          LAND SOLD     81 % Decline

          Jan 1, 2006- June 15, 2006                                    Jan 1, 2005-June 15, 2005

          Total Parcels 39                                                     Total Parcels 207

          $4,000- $300,000                    32 Parcels                 $9,800- $300,000        200 Parcels   

          $301,000- $1,330,000             7 Parcels                   $301,000- $800,000        7 Parcels

 

In the Land category, last year, 137 of the 207 parcels sold were $100,000 or Less!  A large group of them were in outlying areas, like Whispering Ranch and Forepaugh. But it also included the lots in Pleasant Valley, which is the subdivision behind the NAPA, with small acre lots.

The rapid rise in land costs has obviously slowed the Land Rush. This years figures of 39 total parcels of land sold, only had 9 pieces under $100,000, with the lion share of 23 parcels selling between $101,000 and $300,000.

Source MLS, Wickenburg area.