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Sedona Realtor Barbara Baker Provides Update on Sedona Arizona Real Estate Market

Real Estate In Sedona Arizona

Sedona, AZ: The Sedona real estate market continues its buying frenzy in the mid to lower price sector. In this past third quarter alone, our sold volume was up by a whooping  62% over last year, with Foreclosures or Short Sales accounting for 41% of that business.  

Despite the fact that Foreclosures and Short Sales represent only 12% of our active market, those segments continue to bring the market down and make the once "unreachable" Sedona real estate market an affordable place to own a home.  

Prices have come down to 2003-2004 levels, and with low interest rates remaining low in addition to some realistic sellers, it is all good news for buyers. The Vacant Land sector continues a downward spiral with the median sold price being $121,000. Compare that with 2008 sold pricing of $318,000 and you can see what opportunities exist.  

About Sedona Realtor Barbara Baker:

Barbara Baker specializes in representing clients in the purchase and sale of single-family residences, real estate investments, income property, and commercial ventures in Sedona and the Verde Valley. This includes Sedona, Rimrock, Clarkdale, Camp Verde, Cottonwood, Lake Montezuma, Cornville and Page Springs.

For more information or to request a private preview of Sedona homes for sale, call 928-301-0669, email barbara@barbarabaker.com, or visit www.barbarabaker.com. Barbara Baker of REMAX Sedona can also be reached on Facebook at Barbara Hooyman Baker and Twitter at Sedonahomes.  

Article contributed by Barbara Baker.

Posted October 13, 2009.







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