Sedona Real Estate Stats - June 11th, 2009
Well. the Sedona Home Sale Market Place is slowly inching it's way back up. For the end of May - the Median sold price was $426,000. down by 16% from last year at this time, but up substantially from our record low point of this past January at $341,500 The number of our Pending is up by 135% - which tells me buyer's are coming back into the market place in droves - because of the low pricing and interest rates. the Vacant Land market has suffered tremendous wounds - down by 60% from the same time this past year with a median sold price of $121,000. The Good news is that we are seeing more solds and pendings in that marketplace - which tells me that investors and buyer's (the one's with cash or great credit) are getting some incredible deals out there. And like the Sedona Real Estate Residentail Marketplace... the Sedona Real Estate Condo market has gone up in it's pricing and in it's number of solds when compared to last years. It continues to be a great time to buy. Please call me at 800-975-5943 or email me at barbara@barbarabaker.com or visit me on the web at www.barbarabaker.com for all your buying and selling needs.