Hard Facts about the Sedona AZ Homes for Sale Market
The amount of foreclosure and short sales will continue.
•· In the Last Year -41% of our sold inventory was a foreclosure or a short sale
•· Since January 10 - 42% of our sold inventory was a foreclosure or a short sale
•· The median price in Sedona from this time last year has dropped by 9%
•· From January till now - the Median Sold price has been $385,000
•· In the last 4 months - the median sold price has dropped to $371,000
•· Currently there are only 41 pending homes in Sedona
•· Of those 41 pendings - ½ is either a foreclosure or a short sale
•· Of those pendings - the median pending price is $359,000
•· Of those 41 homes - only 7 are above $500,000
Sellers - Price, price, price! The above stats will prove that seller's homes are selling because they are priced correctly. It's not getting better anytime soon. So if you want to sell - price it now to sell. Otherwise, you will be watching the market go downward.
It continues to be a great time to buy with low interest rates. 1/5 of the homes in the US are owned by investors. And with the Tax Credit gone for Buyer's you are going to see much more activity by investors. Buyer's you are golden. That is it in a nutshell. For all your buying and selling needs in the Sedona AZ Homes for Sale Marketplace I can be reached via twitter, face book, or the web or call me (what a concept) 928-301-0669