Barbara Baker, Sedona Arizona

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..

In the Sedona Real Estate Market, our market is definitely improving. We are seeing less foreclosures on the market. We only have 23 homes that are foreclosures listed on our MLS. That number also includes condos. Our active listings are down by 27% from mid year of last year. Our pendings are up by 153% from same time last year, and our solds are up by 36%. What is dropping are the prices. With a median sold price of $413,000. HOWEVER, and this is a BIG HOWEVER... the median sold price in January of 09 was $341,500. SO.... don't wait to buy. Buy now. The stats PROVE that our market is coming back. Please email me or call me for all your buying needs at barbara@barbarabaker.com or 800-975-5943/ or locally at 928-301-0669. Happy Buying!

The Sedona real estate market continues to show signs of recovery with an increase of sales by 23% since 08. Our pending home sales are up by a whopping 150% (which includes foreclosures and short sales). However, of those pending numbers - 80% are either a foreclosure or a short sale home - 80%. That is staggering. The median price point is down from 08 by 21% to $429,000. This price represents all price ranges including the luxury market (over $1 Million). We are having buyer's come back into the market since the price point has dropped so substantially. Our inventory has dropped by 23%. Our bottom was in January with the median price point of $341,500. So we are somewhere in the trough. With the stock market continuing to rally, consumer confidence returning, and some signs that we are heading out of the recession, now would be the time to buy. For all your Sedona Real Estate Buying needs, I can be reached at www.barbarabaker.com, barbara@barbarabaker.com, or at 800-975-5943.

For those of you waiting on the fence about the Sedona Real Estate market to continue to drop. I would suggest you hop off the fence and start to buy. We are seeing prices not seen since 04. We are seeing homes coming on the market priced aggressively and having 4 to 5 offer! We are seeing foreclosures bring the market down even further. We are seeing the Stock Market continue it's tick upward - which brings back consumer confidence, which brings back buyer's. And we are seeing interest rates remain low! All this adds up to a great time to buy in the Sedona Real Estate Market. Bargain hunters can find some great value, whether it's in the Sedona Real Estate Residential Market, the Sedona Vacant Land Market, or the Condo Market. Now is the time. Are we at the bottom? Well... we are in the trough! Don't pass up this opportunity! For all your buying and selling needs I can be reached at barbara@barbarabaker.com or www.barbarabaker.com or 800-975-5943.