Sedona, AZ

Well.. it has finally happened. The Sedona Real Estate Market has bottomed out. That happened in January at $341,500 - for a median price. Currently for the Months between January and March of 09 - Median Price Point is $427,000. We are having a significant amount of homes currently go under contract. Interest rates are at a historic 51 year low. If you are a Buyer who has been waiting - don't wait any longer. Now would be the time to buy. Between the amount of foreclosurs (31), short sale listings ( 54), and high seller motivated - don't miss your golden opportunity to jump into our market and buy a 2nd home, dream home, an investment property. Jump In! For all your buying and selling needs I can be reached via my cell at 800-975-5943, via the email at barbara@barbarabaker.com, or on the web at www.barbarabaker.com

Happy Buying!.

I'M BACK. SO AFTER A FAMILY EMERGENCY.... I AM BACK IN THE SADDLE AND HAVE THE LATEST STATS FOR THE SEDONA MARKETPLACE. FORECLOSURE STILL DOMINATE OUR MARKET PLACE. HALF OF EVERYTHING GOING UNDER CONTRACT IS A FORECLOSED OR A SHORT SALE PROPERTY. HAVING SAID THAT THE MARKET CONTINUES TO ADJUST ITSELF - DOWN! IS IT A GREAT TIME TO BUY! YES! HISTORIC? GEE, WHAT DO YOU THINK? IF YOU ARE EVEN CONTEMPLATING BUYING LAND, A 2ND HOME, OR INVESTING IN SEDONA - NOW WOULD BE THE TIME TO DO IT. NOW! FOR WE HAVE BUYER'S TAKING ADVANTAGE OF THESE DEALS - AND IF YOU MISS OUT - YOU MISS OUT. CURRENTLY THERE ARE 35 PENDING IN THE SEDONA MARKET PLACE (WHICH IS THE SAME AS FEB OF 06.... AND WE ALL KNOW THAT O6 WAS A GREAT SELLER'S YEAR)! OUR ACTIVES HAVE DROPPED TO 465 AS COMPARED TO JULY OF 08 WHEN THEY WERE AT 517, AND THE MEDIAN SOLD PRICE IS NOW AT $451,000 - WHICH WILL PROBABLY DROP SINCE THE MEDIAN PRICE POINT OF ALL THOSE PENDING HOMES IS $360,000. GREAT TIME TO BUY! DON'T MISS OUT ON SOME GREAT BARGAINS. FOR ALL YOUR BUYING NEEDS CALL ME AT 800-975-5943, OR EMAIL ME AT barbara@barbarabaker.com

WELL... TOMORROW - TUESDAY FEBRUARY 10TH... WILL BE A TELLING DAY. LET'S SEE IF THE GUYS AND GALS UP ON CAPITAL HILL CAN FINALLY GET IT TOGETHER AND VOTE ON A STIMULUS PACKAGE WHICH INCLUDES HELPING THE HOUSING MARKET. IF YOU HAVEN'T YET.... I URGE EVERYONE TO CONTACT YOUR CONGRESSMAN AND SENATORS AND TELL THEM TO VOTE YES TO THE HOUSING STIMULUS PACKAGE. THERE ARE SOME NICE GOODIES PACKED IN THERE.... UP TO 15,000 TAX CREDIT FOR ALL HOME BUYERS.... FREDDIE AND FANNIE THRESHOLDS REMAINING THE SAME FOR 2009 AS THEY WERE FOR 2008... AND POSSIBLY. SO EMAIL, PHONE, FAX... JUST MAKE SURE YOU CONTACT THEM. NEXT WEEK... MORE ON THE SEDONA REAL ESTATE MARKET PLACE.. BUT FOR THIS WEEK... THIS WAS JUST TOO IMPORTANT FOR US ALL... FOR I TRUELY BELIEVE SO GOES THE HOUSING... SO GOES THE ECONOMY.. HAPPY SELLING! AND MORE IMPORTANTLY HAPPY BUYING! WWW.BARBARABAKER.COM BARBARA@BARBARABAKER.COM 800-975-5943

The big news in the Sedona Real Estate Market for 2008 is Foreclosures! In fact, for the entire Sedona Area, there were 2,860 foreclosures - up by 500% from a low of 525 in 2005. The entire area is being hit very hard by foreclosures - for they pull the median sold price downward! And lenders are really slashing these homes to get them off the books. 65% of the homes being foreclosed upon are non-owner occupied. In Sedona specific - The number of Solds fell from 254 in 2007 to 229 in 2008 - the lowest number of solds since 1996. The median price of homes fell nearly 20% to a low of $480,000 in 2008. And our luxury market hasn't faired much better. The homes sold over $1 million is down 52% from it's high in 2006.Vacant Land has jumped out of the plane without a parachute - and just keeps going down, down, down, - with the numbers of solds down by 86% from their high in 2005 and the median sale's price is off by 42% from the high of 2006 The good news? The Feds will figure this out.... If not - we will all be living in free housing! So if you are a buyer - get off the fence, buy now- put the offer in - negotiate the deal - but B. U.Y - BUY UP YOU! For a free foreclosure report - visit me on the web at www.barbarabaker.com, or via my cell at 800-975-5943 or via email at barbaraa@barbarabaker.com