IT'S GETTING SCAREY OUT THERE. SCAREY FOR BUYER'S WHO WAIT!!!
WELL, IT'S THAT TIME OF YEAR WHEN GOBLINS AND GHOULS ABOUND. BUT HEY THAT HAS BEEN HAPPENING ALL YEAR IN THE REAL ESTATE MARKET. IN FACT, IT'S BEEN HAPPENING FOR THE LAST 2 YEARS. THERE ARE MORE HOME DEATHS THIS YEAR THAN EVER. HOWEVER, I AM HAPPY TO REPORT THAT THE SEDONA MARKET HAS KEPT IT'S STREAM OF FORECLOSURES IN CHECK. CURRENTLY WE ONLY HAVE 22 FORECLOSED HOMES. OUR HIGH WAS 31 LAST NOVEMBER AND SINCE THEN WE HAVE BEEN HOVERING AROUND 21 TO 22. MANY BUYER'S ASSUME THAT BECAUSE MANY PARTS OF THE SOUTHWEST (MAINLY LAS VEGAS AND PHOENIX) HAVE SUCH A HIGH RATE OF FORECLOSURE THAT SEDONA WOULD FOLLOW. WELL, WHILE THAT MAY BE WISHFUL THINKING - IT HAS PROVEN TO BE ONLY THAT - A WISH. WE HAVE HAD RECORD SALES THIS YEAR - AND ONLY 30% OF OUR VOLUME IS IN FORECLOSURE BUSINESS. WE HAVE RECORD PENDINGS THIS YEAR - NOT SEEN SINCE 05! AND OF THOSE PENDINGS - ONLY 26% REPRESENT FORECLOSURED HOMES. I THINK THE MAIN THING THAT FORECLOSURES HAVE DONE FOR OUR MARKET - IS HELP SELLER'S PRICE THEIR PROPERITES MORE COMPETITIVELY AND REALISTICALLY TO COMPETE. AND THE STATS PROVE THAT. WE ARE HAVING BUYER'S RETURN IN RECORD NUMBERS. AND THE WORD ON CAPITAL HILL (NOW LET'S TALK ABOUT SOME SCAREY CHARACTERS UP THERE) IS THAT THEY WILL BE EXTENDING THE HOME TAX CREDIT. SO ALL IN ALL - DURING THIS GHOULISH SCAREY TIME - DON'T BE AFARID OF THE CLIMBING OFF THE FENCE AND BUYING. I CAN BE REACHED ON TWITTER AT SEDONAHOME, FACEBOOK AT BARBARA HOOYMAN BAKER, EMAIL AT BARBARA@BARBARABAKER.COM, ON THE WEB AT WWW.BARBARABAKER.COM AND THE OLD FASHIONED WAY - 928-301-0669. HAPPY HALLOWEEN!!