CHRISTMAS IN NOVEMBER IN THE SEDONA REAL ESTATE MARKET!
I feel like it's Christmas -in November. All through Sedona you see realtors bustling around with clients, their fingers busy writing contracts, submitting offers, homes being exchanged between happy buyer's and grateful and happy seller's - and all through the air you feel the wonderful, crisp sound of "Activity" in Sedona. Music to a grown up Realtor like me! Yes Virginia! There is a Santa Claus and it's name is "Activity". For that is what has really returned with a bang to the Sedona Market place - "Activity" in the Real Estate Market. Our solds are up by 46% since this time last year. That in itself is enormous. We are seeing those investors and homeowner's who got slammed in the Stock Market or who were waiting for prices to be driven downward back in our marketplace in - hoards. Our pendings are up by 174% since last year - and our active listings are down by 28%. Which means the old law of supply and demand is starting to creep back in...This is all good news for all. Prices through the market are down by 20% since this time last year. Seller's are finally realizing that to list and sell their home they have to compete with the rest of the marketplace which includes shorts (10% of the solds) and REO (30% of the solds). And good old regular "Sellers"? Well, they represent 60% of our sold marketplace. They are finally starting to see the true meaning of the whole thing - like Scrooge! They are finally seeing what this season is all about- PRICE! I am thinking that Christmas may be here for an extended season!
Happy Buying! Happy Selling! I can be reached via facebook at Barbara Hooyman Baker, on Twitter at sedonahome, via email at barbara@barbarabaker.com, and on my website at www.barbarabaker.com, and the old fashioned way - 928-301-0669... or just follow that bright star in the sky to - SEDONA!