Sedona Arizona Prices have fallen bringing back Buyers!
I DON'T USUALLY RE-PRINT OUTSIDE SOURCE MATERIAL. HOWEVER, I FOUND THE FOLLOWING ARTICLE THROUGH MOVECOM AND WANTED TO SHARE IT. SINCE SEDONA IS PRIMARILY A SECOND HOME AND INVESTMENT MARKETPLACE... I FOUND THIS ARTICLE TO BE VERY ENLIGHTINING. THIS HOLDS TRUE IN SEDONA BECAUSE OUR PRICES HAVE FALLEN - WHERE INVESTORS CAN NOW COME BACK INTO THE MARKET - OUR SOLDS ARE UP BY 41% SINCE THIS TIME LAST YEAR AND OUR INVENTORY IS DOWN BY 28% SO OUR BUYER'S HAVE RETURNED!
Low Prices Draw Investors Back to Market
12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009. The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49.
Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably.
Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men.
Buyers of investment and personal property say they are motivated by these factors:
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