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
Sedona Real Estate - Land is for the Buyer's taking!
The Sedona AZ Real Estate Market is seeing a strong buyer's market in the Vacant Land Arena. Currently there is a 7 year supply of vacant land on the market. What does that mean? It means that there is such an oversupply of land on the market, with such few buyers, that given at how slow the land sales are occuring, it will take 7 years to move all our current listings. So far, the median sold price of Sedona Land this year is at -$225,000. The same price it was in 2004! There have been only 9 land sales this year! So if you have always wanted to build your dream home in Sedona, now would be the time to jump into the Land Arena. There are reputable lender's out there - who will lend on vacant land. A buyer will have to put down around 20% to 25% - put then the rates are pretty good. And with all this dirt on the market - in many cases the seller's will carry the note. To discuss purchasing Sedona AZ land, I am available by cell at 800-975-5943, web - www.barbarabaker.com, and email at barbara@barbarabaker.com. You can follow me on twitter, facebook, or Linkedin. Happy Buying!
SEDONA REAL ESTATE MARKET STARTS TO REBOUND!Well some local experts beleive we have hit bottom in our pricing - and from our real estate statistic it seems that we are on the rebound! Currently we have sold 61 properties in Sedona since January with a median sold price of $401,000. Currently we have another 54 under contract with a median price point of $484,000. With current low interest rates, high seller motivation, home prices falling, and consumer confidence returning to our marketplace - it all adds up to a great start to the spring season! It's a great time to buy your dream home, an investment property, or a 2nd home. For all your buying needs please call me at 800-975-5943 or on the web at www.barbarabaker.com or via email at barbara@barbarbaker.com. Now is the time to take advantage of this great real estate market before prices rebound even more!
WELL, OUR MARKET IS HITTING UP - WITH MORE HOMES GOING UNDER CONTRACT SINCE 2006. IN FACT PENDINGS SALES ARE TRIPLE OF WHAT THEY WERE SINCE THIS PAST DECEMBER. WITH THE FEDS FINALLY GETTING IT RIGHT BY HELPING BANKS SHED THEIR TOXIC ASSETS - BANKS CAN NOW GET BACK IN THE BUSINESS OF LENDING. OUR MARKET IS STILL BEING DRIVEN BY FORECLOSURES AND SHORT SALES - BUT WE ARE SEEING MOTIVIATED SELLER'S DROPPING PRICES TO COMPETE WITH THAT INVENTORY. SO BETWEEN THE SHORT SALES, THE FORECLOSURES, AND SELLER'S MOTIVATIONS - OUR PRICES ARE COMING DOWN. LOCAL EXPERTS HERE PREDICT WE HAVE HIT BOTTOM- AND I WOULD AGREE. CURRENTLY IN SEDONA THERE HAVE BEEN 47 HOMES SOLD - BUT WE HAVE 43 PENDING.- FOR OUR MARKET THAT IS OUTSTANDING. AND BETTER YET, THE MEDIAN PRICE POINT IN JANUARY WAS $341,000 - AND IS NOW AT $424,000 - WHICH TELLLS ME.....IF YOU WANT TO BUY IN SEDONA, NOW WOULD BE THE TIME. DON'T WAIT.. WHY WAIT... NOW IS THE TIME. TAKE ADVANTAGE OF THIS RIPE TIME - BEFORE THE MARKET STARTS GOING UP AND PRICES YOU OUT OF YOUR DREAM! TO HELP YOU BUY RIGHT - I CAN BE REACHED AT WWW.BARBARABAKER.COM BARBARA@BARBARABAKER.COM. 0R 800-975-5943
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!.
Sedona Arizona Real Estate is my world! Sedona land for sale, a Sedona luxury home, commercial real estate in Sedona, or a simple Sedona retreat - I consider myself a Sedona real estate specialist
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