Updated Market for Sedona AZ Homes for Sale
Well, we are a week away from having Santa make his appearance in the Sedona AZ Home Market and our sale volume continues to show bettter numbers than 2006. Which is great news. Buyers are back in our market. Interest rates are starting to edge up slightly and I think will be slightly higher in the next coming months. So it is still a great time to buy in the Sedona AZ Home Market. Our price per square foot and the sold prices continue to fall and will continue because of the trickle foreclosures that continue to bring the market down. A very interesting thing to note is that of all the pendings in the Sedons AZ Home market - only 44% of those are seller owned property -66% are either a foreclosure or a short sale. That's what is selling cause of PRICE, PRICE, PRICE. Seller's did you hear that - PRICE, PRICE, PRICE.
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