Barbara Baker Realty

Sedona AZ Home For Sale Market May Be Starting To Improve

Posted By: Barbara Baker In: Sedona Real Estate
Date: Fri, Aug 6th 2010 2:57 pm

Latest market reports show that the median sold price in Sedona is ONLY down by 10% from this time last year. That number is better news - for previously it had been down by 30 - 40%. Since 1/1 - 58% of those solds were motivated seller's keeping up with Foreclosed prices. 40% of those solds were a foreclosure or short sale property. Our active inventory has fallen - and I know from the market that the properties that "appear" to be bargains are being snapped up in record time.  The jury is still out in my opinion whether the  Sedona Homes for Sale  market is stabilizing. However it does appear that the Vacant Land in Sedona is gaining stronger legs after being paralyzed last year.  Currently there have been 45 vacant land sold this year with a median sales price of $160,000.  Those are far better stats than this time in 09  when only 33 lots had sold for a median price of $120,000. So it appears that there are sectors of the Sedona Real Estate that are stabilizing somewhat.   Stay tune for more. I can be reached via the web, via email at, on Facebook at Sedona Real Estate, on Linked In, or the old fashioned way - 928-301-0669.  Happy Buying!  Happy Selling!