Sedona, AZ: All through Sedona, realtors are bustling with clients, their fingers busy writing contracts, and all through the air you feel the wonderful, crisp sound of "Activity."
Yes Virginia, there is a Santa Claus and its name is "Activity." And it has returned with a BANG to the Sedona real estate market. Solds are up by 46%! We are seeing those investors who got slammed in the Stock Market or who were waiting for prices to be driven downward, back buying.
Our pending sales are up by 174%! Active listings are down by 28%. Sellers are finally realizing that to sell, they have to compete with the short sales (10% of the solds) and the REO (30% of the solds).
The good old regular "sellers" represent 60% of our sold homes. Like Scrooge they are finally starting to see what the true meaning of this season is all about - PRICE!
I am thinking that Christmas may be here for an extended season.
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 courtesy of Barbara Baker.
Posted November 15, 2009.
