Prescott, Arizona is a small city located in the beautiful Bradshaw Mountains north of Phoenix. The city is fairly small, with only around 40 thousand residents. Unlike Phoenix, real estate in Prescott tends to be a bit pricy at times. In fact, housing tends to cost about one and a half times the national average. However, there still are good real estate deals to be found.
On the cheaper end, it is definitely possible to purchase a house in Prescott for under a hundred thousand dollars. A lot of these houses tend to be around a thousand square feet, or less. However, you must use caution when purchasing the cheapest homes. Some of them may have problems, such as leaky roofs, leaking pipes, or other technical/structural problems. Additionally, many of these homes are not actually located right in Prescott itself, but outside of town. With these homes, the cost of the necessary repairs may bring the price up to as much as for any other house. Before purchasing a low priced home, talk with your realtor about such problems and how much the needed repairs are likely to cost.
There are a lot of homes available in the 100-200 thousand dollar price range. A lot of these homes are of decent quality. Some of them even feature beautiful views of the Bradshaw Mountains. Still, when considering purchasing a house in this price range, it is important to inquire about any structural or technical problems with the house. It is important to note that some of these homes are still fairly small, and a family may not be able to live in them.
In the 200-400 thousand dollar range, there are some homes that are truly quite elegant. Most homes at this price level tend to be fairly well built and lack any serious problems of a technical nature. However, still, it is a good idea to inquire with the realtor before making the purchase.
If you have a larger budget, there are homes available over 400 thousand dollars. In fact, there are some homes in the Prescott area that are worth over a million dollars. Houses in this price range tend to be quite large. Some of them have six bedrooms or more. Many of them feature incredible views of the mountains. If you are purchasing a house in this price range, you want to make sure you are getting a truly exceptional home, not just an overpriced one.
As far as neighborhoods in the Prescott area, most of the city is pretty safe. Compared to the rest of Arizona, Prescott is significantly safer. However, areas near the bars downtown tend to have somewhat higher crime rates. Still, no area of the city is really a “dangerous” neighborhood. Something else that is important to note is that areas near the bars are likely to be quite noisy at night, even at late hours. Patrons leaving the bars late at night might be loud and keep you awake, if you are living in those areas. If you would like to purchase property in Prescott, feel free to contact us, the Tim Eastman group.