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Barbara Baker, Sedona Arizona

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Golden OPPORTUNITY AWAITS BUYERS IN THE SEDONA AZ MARKETPLACE

11-11-08
Barbara Baker, Sedona Arizona

What are you waiting for? Xmas? If so, it is right around the corner and is a golden opportunity to buy. Take it from Warren Buffet - "Buyer's buy when Seller's are desperate". Don't wait any longer. For by you waiting - the next buyer will buy it. And then you will be wishing you had bought it. The pricing in Sedona continues to decline and buyer's are in our marketplace buying up properties that will appreciate - since October 1st - we have 26 listings in escrow in our marketplace! In Cottonwood and the remaining Verde Valley, we have had 22 placed in escrow. So what are you waiting for? A smart investor knows when to buy, when to hold and when to sell. So please feel free to call me for all your buying needs at 800-975-5943, or email me at barbara@barbarabaker.com or visit me on the web at barbarabaker.com

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It just keeps getting better and better.... news from Sedona Real Estate

10-27-08
Barbara Baker, Sedona Arizona

This is a pep talk for all your buyer's out there who are on the fence.... thinking it over.... waiting for the golden opporutnity! I have news for you - this IS the golden opportunity. THERE IS NO BETTER TIME TO BUY A HOME, A PIECE OF DIRT, AN INVESTMENT PROPERTY THAN NOW.It's the best time in 20 years.. IN fact, I think we should all take our money (what's left of it) out of the stock market - and buy a home, a piece of dirt, or an investment property. Can you imagine how we could jump start this economy. Buying up foreclosed homes and renting them out? We could make a bundle... The sedona real estate market continues to feel the decline of the economy and even though we don't have alot of foreclosures or short sales in the sedona real estate marketplace - we have our share. So this is for all those buyer's who have dreamed about living in Sedona AZ but never thought they could afford it - YOU CAN AFFORD IT! Call me for more information on how to catch a great deal! barbara@barbarabaker.com, www.barbarabaker.com, or 800-975-5943.

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Update on Sedona Real Estate

10-21-08
Barbara Baker, Sedona Arizona

Market Report for October 2008:
Number of Residential Sold Listings is down by 15% since October 2007. The Median Price point is $500,000. Our Sold Listings are down by 2% from July 08. There are currently 532 active listings on the market, up from 517 in July 08. There are currently 26 Pendings on the Market down from 32 in July of 08. The Luxury Home Market is down by 47% from October 0f 2007 with an median sold price of $1,550,000. There are currently 121 active listings in the luxury market - and 3 pendings. The vacant land market is down by 28% from Ocotber of 2007 with a median price point of $325,250.00 There are currently 414 active listings up from 382 in July of 08. There are currently only 6 pendings. All through Sedona and the Verde Valley, it continues to be a fabulous time to buy. If you are a buyer - now would be the time to jump into the market place. If you are a seller - price your home to sell. For all your buying and selling needs, please call me at 800-975-5943 or on the web at barbarabaker.com or via email at barbara@barbarabaker.com

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National Market Indicators from here in the Sedona AZ Real Estate Market

10-01-08
Barbara Baker, Sedona Arizona

Dear All: Since we are in such hard economic times - I thought I would send this Market Focus along to you . This information was provided to me by a wonderful local lender - who is one smart cookie- Linda Rogers of First Metropolitan - 928-203-0695. I thought it would be helpful for you to see some stats about our economy. As far as the local Sedona AZ market is concerned - it continues and will continue for some time to be a great time to buy. If you are thinking of buying - let's work together to get you the best deal. I pride myself on my negotiating skills and will work diligently on your behalf. If you are a seller who needs to sell - the pricing is key to the whole transaction. There are buyer's out there - but it needs to be priced below... yes, below the market to sell. It's not going to get better anytime in the next 12 months so if you need to sell.. price it to sell. If you can hang on till 2010 - then take it off the market. If you are a seller who is facing financial ruin - please call me. I have worked with clients with short sales and foreclosures. If you would like to stay in your home - and can't make the payments - believe me - the bank will work it out with you - the last thing that they want is your home. They have plenty! Every time a bank forecloses on a property - it costs them an additional $50,000 - $75,000. You will need to show hardship - but they will work the deal. As always, I am at your service whenever you need me - please call or email me at barbara@barbarabaker.com or 928-301-0669.

Best regards,

Barbara Baker - REMAX Sedona

Monday, September 29, 2008 - 2:30 pm MST

Personal income increased 0.5% in August while consumer spending remained unchanged. Over the past year, both have increased a moderate 4.6%. Nevertheless, spending has slowed significantly, enough so that there is a potential it will decline this quarter for the first time since Q4 1991. A closely watched inflation gauge contained in this data series, the core PCE price deflator, increased 0.2% on the month and was up 2.6% on the year, somewhat elevated but moderate enough to keep inflation fears at bay.

Stocks came crashing down Monday, when the House defeated the $700 billion bailout bill, given the acronym TARP which stood for Troubled Asset Relief Program. It would be rousing if the House voted down the bill on issues like disclosure, transparency or pricing of the remaining mortgage-backed securities in question, but it was seemingly voter pressure not to rescue the banking giants that in their minds were responsible for the credit crisis anyway. It remains unclear what the next step will be. The Dow dropped 777.68 to close at 10365.45. the NASDAQ fell 199.61 to 1983.73.

MARKETS

CLOSING

CHANGE

DJIA

10365.45

-777.68

S&P500

1106.42

-106.59

RUSSELL 2000

657.72

-47.07

NASDAQ

1983.73

-199.61

SECTORS - GAINERS & LOSERS

n/a

n/a

Steel

-16.84%

Treasury prices soared Monday on speculation that the credit crisis and economy would worsen significantly from here upon the Houses failure to pass the bank-rescue plan. The flight to safety bid was robust as money flowed out of the stock market today. In late trading the 10-year note was up 1-30/32 to 103-6/32 to yield 3.61%.

SECURITY

YIELD

CHANGE

2-Year Note

1.70

-0.40

5-Year Note

2.72

-0.33

10-Year Note

3.61

-0.24

30-Year Treasury Bond

4.15

-0.22

As the growth outlook diminishes, rate cut expectations have increased. Rejection of the bank bailout bill today increases uncertainty about the resumption of credit flows, which will also weigh on growth prospects going forward. Fed funds futures traders were pricing in a 100% probability the Fed will cut by 25 basis points when they meet at the end of October, up from 50/50 odds just one week ago.

For the week ending 9/25/08

RATE

LATEST

CHANGE

FEES

30-Yr Fixed (FHLMC)

6.09

0.31

0.7

15-Yr Fixed (FHLMC)

5.77

0.42

0.6

1-Yr Adj (FHLMC)

5.16

0.13

0.5

3-Mo Libor (FNMA)

3.88

0.12

n/a

RATE

LATEST

CHANGE

Fed Funds

2.00

0.00

Prime Rate

5.00

0.00

Fed Discount

2.25

0.00

11th District COF

2.698

0.00

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SEDONA AZ REAL ESTATE MARKET CONTINUES TO ADJUST DOWNWARDS

09-16-08
Barbara Baker, Sedona Arizona

Things continue to shake out and shake down around the US economy - it doesn't spell a great time to sell. Having said that... if you are a Sedona, AZ seller who has equity - price the place to sell, sell, sell!!!! It has to be ahead of the market - so that when a buyer see's the pricing - they JUMP and RUN TO THE OPPORTUNITY. This is no time to play it safe!

If you are a buyer -looking in the Sedona Real Estate Market, or the Cottonwood, AZ Real Estate Market...if you are a real buyer - who lives, and breathes and actually has money or has financing... can I ask??? WHAT ARE YOU WAITING FOR? The listings, the opportunities, the seller's motiviation ( and in some instances - seller's panic) is a perfect time for you. Work with an agent who can negotiate an offer - and who will represent your interests. Put the offer in- it's up to the seller's and the seller's agent to negotiate it up!

So here are the Sedona AZ Home Real Estate Stats as of September 1st, 2008

# of Solds :147 (down 25% from same time 2007). Median Sold Price - $490,000 (down 18% from same time 2007) and interesting down 3% from July 1st 2008.

I would be more than happy to work with you to buy a home, a piece of sedona history, a vacant land, a commercial property. I would be more than happy to work with Sedona AZ seller's who don't know what to do with the pricing of their property. I can be reached at barbara@barbarabaker.com , or 800-975-5943. Go make some money! Now is the time! Best, Barbara B.

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