Category: Market Updates

Hello, hello, hello, my fellow Prescott pickle peeps. Hello, peeps. Well, you might not all be in Prescott yet. No, you should be, though. But we sure hope you are. We hope you’re thinking about it and that you’re anxious to come here. Um, first of all, we wanted to say season’s greetings. That’s right. Hope you guys had a great holiday season. Yes. And, uh, we’re we’re looking forward to a happy happy 2026. 2026. Hard to believe. No, I cannot. It’s a big number. No, but we’re really excited. I think it’s going to be an awesome year. I think so. And we’re very excited about what’s coming. Yeah. Obviously, we wish all of you a very happy, prosperous. What are other positive adjectives you can think about for the upcoming year? Stupendous. Amazing. I like stupendous. I like stupendous. And uh just a happy truly a happy new year. We hope everyone is healthy and wise and happy. Yeah. So, uh, we thought we’d spend a couple of minutes talking about what we expect for 2026 for real estate, for Prescuit. Uh, just life in general. I mean, I’m expecting a lot. I wish it was a baby. A grandbaby, but a grandbaby would be good. Don’t mention that to my daughter. Yeah. But no, I don’t think so. But that would be cool. That would be cool. But anyway, we’ll see. We’ll see. We’ll see what the year brings. That’s neither here nor there. We’re really here to talk about Prescuit and real estate. Yeah. In terms of uh in terms of real estate results, I have yet to look at the numbers uh for December because I don’t have them yet. Uh I will talk a little bit about what we saw in November. In November, there was actually a significant price bump bump up which no one was expecting. Surprising. Yeah. Uh you know, volume is kind of slow near the end of the year. So, it’s not like those statistics really based on a lot of homes closing. Uh, so that’s probably a fluke, I’m guessing. Uh, prices in Prescat have been pretty flat since uh, COVID ended. Uh, we’re kind of expecting much of the same for 2026. Uh, people are talking about the economy. Y I think most of the the the shenanigans for 2025 will be over. Yeah, I think so. I think a lot of people are starting to calm down. We’re not so concerned about uh we we’ve heard this a lot like what if we go to war with Israel and the Ukraine and things like that. And I think people are starting to take a breath, calm down. They were worried about the market and what was going to happen. And nothing dramatic has happened yet. In fact, we’ve just had another um interest decrease. So, that’s a a positive. Um and so, I think people were just kind of holding their breath a little bit and saying, I just kind of want to see what’s going to happen in the world. Yeah. And now that we see the world is still spinning and things are still pretty much okay. Um I think people are starting to relax and think, well, all right, maybe now I will be coming back and uh making some decision. the the media kind of goes crazy anytime anything new comes up. Sure. Uh the media was predicting or at least some of the media, I don’t know, was predicting uh problems with the economy, problems with real estate. None of that materialized. Right. In their defense, we had a newly elected president. Sure. Uh we had uh a lot of new things were tried uh like the tariffs. People were very nervous about the tariffs. Yes, that’s true. Very. That’s very true. People, it it just felt like uncertainty. You know, it’s kind of like when you get newly married, it’s like, hm, is this going to work out or not? I don’t know. He’s kind of weird. She’s kind of weird. I don’t know. What have I done? Yeah. And then you realize it’s all good. It’s all good. Not a lot has changed. I’m going to hang in there. Yeah. If the press is uh rattling the sword again, just keep in mind that that’s what media does. Yep. Uh when there is anxiety that makes people want to I was going to say buy newspapers but I you know I’m showing my that’s obsolete. Yes. Oh my gosh. Yeah. Whatever whatever whatever they’re selling now. I’m not sure what they’re selling but it still works the same. Uh the more people worry the more more they tend to watch news and the media and all that and who knows anymore what’s real. Yeah. Whatever we’re watching I’m like I don’t know if this is real or not. Is this AI? Is this this real thing? It’s all Yeah. Yeah. Who knows what to truly believe anymore in my opinion, but I just keep moving forward. That’s all I do. For the foreseeable future, Prescuit will be a retirement town. It will be a very popular destination for retirement and it will be uh pretty much surrounded by states that people are leaving uh when they retire. They don’t want to stay in places like California and Oregon and places like that. And that much we know is true. It is still continuing. That has not changed for our retirees. Yeah. California was in the news again. They’re they’re they’ve lost a couple of refineries that have been there forever. So gasoline prices are expected to go higher. Every time things like that happen, uh that’s good for Prescuit. All the more reason why people want to get out. They don’t want to stay. They want to come to Prescuit. Uh, so I I’ve always said the long-term projection for Prescuit is is very positive still. Yeah, we’re holding on and we’re not a big we’re not that big a town, so it doesn’t take much to make our cup pretty full in terms of economics. Absolutely. Absolutely. Yeah. The uh uh home prices we’re expecting to stay stable. Uh that’s kind of been the way for the last several years. I in Prescuit. Yes, definitely. uh our the median price of a home is uh in the city of Prescuit proper is about 650,000. So, you know, keep that in mind. Uh I don’t think that’s going to change much. Uh we have some other cities where they’re not quite as high. Um so, yeah, I none of that is changing, I don’t think. Yeah. So, we’re just in a nice holding pattern. It’s uh we’re in a sweet spot. Um we’ve been actually we found higher priced homes are really flying off the shelves which was not what we expected at all for us personally. Yeah. Not the case in the past and not kind of what we expected. Uh but Prescuit has developed a a higherend market now and there are people who are very interested in very high-end homes here. So and those are flying off the shelf whereas more of our mid-range priced homes are sitting a little bit lower. a little bit, which is very surprising to us. Yeah, we might need some slight price decreases to make those move. Obviously, we’re in a slow time now because of the holidays. So, right, but it’s good for you guys who are in that mid price range. This is your chance. Get in here. Um, you know, get in here. They’re waiting for you. We’ve got a lot of some beautiful homes. We have two that are lovely, lovely, lovely. And, uh, great prices, great, beautiful homes. move in ready and um yeah, so come on in, bring us an offer. I mean, you’ll be surprised. There’s a lot of mid-range homes that are just kind of waiting for the right person. Yeah. You know, when you’re projecting what’s going to happen in 2026, um you know, it’s easier to project things like January and February. Harder to project November and December. Yes. Uh so what we’re telling you, you know, now is a good time. Well, now is like the first quarter, so uh get in here. Yeah. Get in here. get in here before they’re all snatched up. Yeah. So, yeah, we’re expecting uh a much uh easier year, smoother year. Um we’re expecting a lot of business actually. Um uh a lot of our brokerages uh people are saying the same thing. People in the biz as they say. They’re saying put your seatelts on because uh we’re going to get busy. Be a wild ride. It’s going to be a wild ride. So, we’re looking forward to that. We like to be busy. We love to meet new people. So, come see us. Come see us. We want to show you some beautiful neighborhoods, some beautiful homes, and show you what life here in Prescat is all about. Absolutely. So, cheers to 2026. Happy New Year. Stupendous. Stupendous. Wishing you a stupendous spectacular. Um, what’s it? Super. I’m trying to think of some other s adjectives. S words. Supercalifragilistic. There you go. That’s and showing my show my aging. Yes, you are. Yeah. But anyway, we would love to have you. We’d love to show you around and show you what life is like here and share what we found and have enjoyed living here the past nine years. I can’t believe that already. It’s been awesome. So, so these videos are uh our effort to uh bring you free information about the city of Prescuit, real estate, life, and everything else. If you want more free information, a place to go is pickle411.com. That is you our information site. Everything there is absolutely free and it will all amaze, astound and uh hopefully educate you as well. 100%. We look forward to hearing from you soon. Please give us a call. Take care. Bye bye.