Sedona, AZ

Happy 4th of July. Well if you want to start your 4th with a BANG buy a homes in Sedona. In many of our markets- Residential Resale, Condos, and especially vacant land - we are seeing prices we haven't seen since 03/04. Close to 40% of our solds are foreclosures - but hey that is really what is driving the prices downward and will continue to drive our market. You can buy a sweet home in our area for under $350,000 - and that same home in 05/06 could have been worth upwards of $500,000. Please call me at 800-975-5943 or email me at barbara@barbarabaker.com or visit me on the web at www.barbarabaker.com for all your buying and selling needs.

Due to the lower price points in the Sedona marketplace, buyers who have always wanted to live in Sedona and previously couldn't afford it, buyer's who always DREAMED for a 2nd home in Sedona, are now snapping up our low foreclosures and short sale properties. Our residential resale market is seeing a surge of activity. That will continue for quite a while. However, if you are thinking of buying... now... stop thinking and buy! Or you could miss out. Interest rates are creeping up.... and just a 1 % point higher interest rate will offset a 10% reduction in the price of a home. So why wait! Take advantage of the market now. And if you are a seller - please, please, do yourself a favor - and price the property to sell, not to sit. To sell - to attract a buyer. I have seller's say to me... Well, I don't want to give it away! Your not giving it away. A price reduction will pique a buyer's interest, and you have to be lower than the next guy. Your still making money - and you no longer have to pay the mortgage. Lower the Price! If you don't have any showings... Lower the price!That is the reality of the situation for both buyer's and seller's in the Sedona Real Estate Market! For all your buying and selling needs, contact me at 1-928-301-0669/www.barbarbaker.com Happy Buying... Happy Selling

Well. the Sedona Home Sale Market Place is slowly inching it's way back up. For the end of May - the Median sold price was $426,000. down by 16% from last year at this time, but up substantially from our record low point of this past January at $341,500 The number of our Pending is up by 135% - which tells me buyer's are coming back into the market place in droves - because of the low pricing and interest rates. the Vacant Land market has suffered tremendous wounds - down by 60% from the same time this past year with a median sold price of $121,000. The Good news is that we are seeing more solds and pendings in that marketplace - which tells me that investors and buyer's (the one's with cash or great credit) are getting some incredible deals out there. And like the Sedona Real Estate Residentail Marketplace... the Sedona Real Estate Condo market has gone up in it's pricing and in it's number of solds when compared to last years. It continues to be a great time to buy. Please call me at 800-975-5943 or email me at barbara@barbarabaker.com or visit me on the web at www.barbarabaker.com for all your buying and selling needs.

Sedona AZ Real Estate has had and continues to have its' share of Foreclosures and Short Sales undervalue our marketplace. Since the 1st of January 40% of our sold homes are either a foreclosure or a short sale. AND of our homes currently under contract - 55% of those are Foreclosures and Shorts. What is even more interesting is in the Sedona AZ Real Estate Homes for sale- of the 450 currently active - only 20% are either a foreclosed home or a short sale. That tell's me that the Consumer is targeting those properties. We are starting to see even bigger discounts in the Foreclosure and Short Sale pricing - as lenders are trying to dump these off their books at a greater speed - and seller's in a short sale position are dropping their prices to entice a buyer to hang in therer for the long, ardous process of dealing with a short sale. With low interest rates, consumer confidence starting to return, high seller motivation, it continues to be a great time to buy. For all your buying and selling needs - I can be reached at www.barbarabaker.com barbara@barbarabaker.com 800-975-5943 or on twitter, Facebook or LinkedIn.

Statistically, we hit bottom on January of 09 with a price point of $341,500. Our solds are now averaging around $430,000. And we have more pending sales now, then we had at our all time high of May 05. 1/2 of those homes currently under contract are either a foreclosure or a short sale - which will continue to drive out market downward. Of course alot of the homes currently Buyer's are taking advantage of our low prices, great interest rates, and realizing that this is the time to BUY! Also, with the stock market slowly going back up, consumer confidence is on the rise both nationally and internationally. It would be a very good idea to jump into our marketplace at this time. For all your buying and selling needs please email me at barbara@barbarabaker.com or cell at 800-975-5943. Happy Buying- Happy Selling