Sedona, AZ

WELL, IT'S THAT TIME OF YEAR WHEN GOBLINS AND GHOULS ABOUND. BUT HEY THAT HAS BEEN HAPPENING ALL YEAR IN THE REAL ESTATE MARKET. IN FACT, IT'S BEEN HAPPENING FOR THE LAST 2 YEARS. THERE ARE MORE HOME DEATHS THIS YEAR THAN EVER. HOWEVER, I AM HAPPY TO REPORT THAT THE SEDONA MARKET HAS KEPT IT'S STREAM OF FORECLOSURES IN CHECK. CURRENTLY WE ONLY HAVE 22 FORECLOSED HOMES. OUR HIGH WAS 31 LAST NOVEMBER AND SINCE THEN WE HAVE BEEN HOVERING AROUND 21 TO 22. MANY BUYER'S ASSUME THAT BECAUSE MANY PARTS OF THE SOUTHWEST (MAINLY LAS VEGAS AND PHOENIX) HAVE SUCH A HIGH RATE OF FORECLOSURE THAT SEDONA WOULD FOLLOW. WELL, WHILE THAT MAY BE WISHFUL THINKING - IT HAS PROVEN TO BE ONLY THAT - A WISH. WE HAVE HAD RECORD SALES THIS YEAR - AND ONLY 30% OF OUR VOLUME IS IN FORECLOSURE BUSINESS. WE HAVE RECORD PENDINGS THIS YEAR - NOT SEEN SINCE 05! AND OF THOSE PENDINGS - ONLY 26% REPRESENT FORECLOSURED HOMES. I THINK THE MAIN THING THAT FORECLOSURES HAVE DONE FOR OUR MARKET - IS HELP SELLER'S PRICE THEIR PROPERITES MORE COMPETITIVELY AND REALISTICALLY TO COMPETE. AND THE STATS PROVE THAT. WE ARE HAVING BUYER'S RETURN IN RECORD NUMBERS. AND THE WORD ON CAPITAL HILL (NOW LET'S TALK ABOUT SOME SCAREY CHARACTERS UP THERE) IS THAT THEY WILL BE EXTENDING THE HOME TAX CREDIT. SO ALL IN ALL - DURING THIS GHOULISH SCAREY TIME - DON'T BE AFARID OF THE CLIMBING OFF THE FENCE AND BUYING. I CAN BE REACHED ON TWITTER AT SEDONAHOME, FACEBOOK AT BARBARA HOOYMAN BAKER, EMAIL AT BARBARA@BARBARABAKER.COM, ON THE WEB AT WWW.BARBARABAKER.COM AND THE OLD FASHIONED WAY - 928-301-0669. HAPPY HALLOWEEN!!

Sedona Real Estate Market Overall

The Sedona Real Estate market continues its buying frenzy in the mid to lower price sector. In this past 3rd quarter alone, our sold volume was up by a whopping 62% from last year, with Foreclosures or Short Sale accounting for 41% of that business. Even though Foreclosures and Short Sale represent only 12% of our active market- those segments continue to bring the market down and make the Once "Unreachable" Sedona Real Estate Market - an affordable place to own a home! Prices have come down to 03-04 levels.

The Vacant Land sector continues a downward spiral with the median sold price being $121,000. Compare that with 08 Sold pricing of $318,000 and you can see what opportunities exist. The Foreclosures have also hit this sector with 40% of the sold being a foreclosed property.

In the Luxury Marketplace ($1 Million and Over) there are 90 homes currently on the market with only 14 selling year to date, with a median sold price of $1,600,000. To put this in perspective - it will take 5 years to move the current inventory given the ratio of actives to solds.

The Condo Market has remained relatively consistent with a drop in price of only 2% year over year. With a median sold price of $298,500. Foreclosures represented 11%.

You can now reach me on Face book at Barbara Hooyman Baker, Twitter at Sedonahome, on LinkedIn, or the old fashioned way at 928-301-0669.

Bernake said this past Tuesday - Recession is nearing the end. Home Starts are up. Home solds are up! Home Pendings are up! Unemployment is still high! Stability? Depends on who you talk to - CNN... MSNBC, YOUR FINANCIAL PLANNER, THE CRYSTAL BALL - MAYBE A WEGIE BOARD! WHO KNOWS. I do know this. Interest rates remain LOW. I have had homeS close in September in Sedona AZ with interest rates in the high 4%. So with great credit - you too could be one of the luckies! Home prices continue to be LOW! As I have said previously - we are somewhere in the trough - not plummetting down like a meteror (Thank God) - the prices seem to be stabilizing. And the point must be made that if you are waiting for prices to drop and yet the interest rates go up - you will not see any gain because of the higher interest rates. It all makes sense to buy now. My old broker (one of the few guru's of Sedona Real Estate) says that 80% of the Sedona Real Estate Market is sold in the fall and spring months. There are many jewels to behold in the Sedona Real Estate Market NOW. You just have to allow yourself to move forward and seize the opportunity before you. Whether it's vacant land to build your dream home In Sedona, a Sedona Condo for a getaway, or the home you have always dreamed about owning amongst the Sedon AZ beauty - Don't wait. We are living in a golden opportunity. I myself have taken the plunge and have invested in this market - and I think you should too! For all your buying needs I can be contacted at 800-975-5943, 928-301-0669, barbara@barbarabaker.com www.barbarabaker.com - follow on twitter at sedonahome, facebook, or LinkedIn. Happy Buying! Barbara

With a resounding YES! Many of my clients are looking to purchase a condo in Sedona as a second home. And lately, I have been asked the questions... "How is the Condo Market"? Does the upward trend in the home market apply to the Condo Market? I would say yes. The number of Sold Condos are up by over 30% since this time last year, and the median sold price is up by 10%. That is great for the Condo market. And even better, the amount of actives have dropped - so there is less inventory to chose from. There are many smaller condos in the Sedona Marketplace that don't have amenties like a pool, tennis and their HOA fees are usually quite a bit less than our more upscale associations. For those wanting those amenities plus the perks like a gated community and golf, we have ample supply of those also. In the Condo Marketplace, your money can go far - whether it is a smaller, older unit that needs some updating, or the plush Condos of Park Place that are now priced very aggressively. For all your buying and selling needs - contact me at 928-301-066, barbara@barbarabaker.com, follow on twitter at sedonahome, Linked In, Facebook (Barbara Hooyman Baker) or on the web at www.barbarabaker.com Happy Buying.... Happy Selling..

Taking a motorcycle ride to Sedona Arizona

We are very excited about taking a ride down to Sedona Arizona this weekend on the Harley Davidson. It's suppose to be a beautiful weekend and I will be sure to bring my cameras and take some great photographs.

There is a very confortable back seat for my sweetheart Nu Nu and speakers in the back so she can listen to her favorite music.

I am pumped about the ride and will post a blog with pics Sunday or Monday.

www.VegasBuildingsForSale.com

www.RealEstateNationwideListings.com

www.LakeOwner.com

www.DarksideofDavid.com

www.UFOsAliens.org