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As far as our Sedona Real Estate Market is concerned - I feel sorry for seller's. I do. It's hard being a seller today - trying to sell your home in Sedona with all the competition and with foreclosures representing only 7% of the active listings
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Well, with all the foreclosures surrounding our country - I have been saying for months that the only way out of this thing is for the FEDS to step in and re-tool everyone's current mortgage - otherwise, why should ANYONE Hang onto a home that they
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THE DEFINITION OF A SHORT SALE 101 - SELLER OWES MORE THAN THE HOUSE IS WORTH AND HIRES A REALTOR TO LIST THE HOUSE AND SOLICIT AN OFFER BASED ON THE CURRENT FAIR MARKET VALUE OF THE HOME. OFFER COMES IN AND SELLER PROVIDES FINANCIAL, OR MEDICAL DOCUMENTATION
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In the Sedona Real Estate Market, our market is definitely improving. We are seeing less foreclosures on the market. We only have 23 homes that are foreclosures listed on our MLS. That number also includes condos. Our active listings are down by 27% from
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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
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WELL, OUR MARKET IS HITTING UP - WITH MORE HOMES GOING UNDER CONTRACT SINCE 2006. IN FACT PENDINGS SALES ARE TRIPLE OF WHAT THEY WERE SINCE THIS PAST DECEMBER. WITH THE FEDS FINALLY GETTING IT RIGHT BY HELPING BANKS SHED THEIR TOXIC ASSETS - BANKS CAN
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Well.. it has finally happened. The Sedona Real Estate Market has bottomed out. That happened in January at $341,500 - for a median price. Currently for the Months between January and March of 09 - Median Price Point is $427,000. We are having a significant
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I'M BACK. SO AFTER A FAMILY EMERGENCY.... I AM BACK IN THE SADDLE AND HAVE THE LATEST STATS FOR THE SEDONA MARKETPLACE. FORECLOSURE STILL DOMINATE OUR MARKET PLACE. HALF OF EVERYTHING GOING UNDER CONTRACT IS A FORECLOSED OR A SHORT SALE PROPERTY.
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Well. There is alot of information to digest. Currently there are 28 homes in Foreclosure in Sedona. Our median Sold price for 08 is $480,000. That figures takes into account the highest sold price and the lowest sold price - it is the median price. That
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Happy New Year to you all! For one of my many New Year resolutions... I have decided to be more honest and fourthright with people. So Here is my truthful advice for all people reading this blog. BUY something! A Home.... an investment property... or
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Mortgage Rates Plunge Finally, some good news for the mortgage industry! In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS),
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That's the title this week and I think it says it all. It's Thanksgiving. If your a buyer - celebrate around the table, eat your turkey, and go buy a house. Be Thankful. Your time is here. Prices are the lowest they have been in 20 years. There
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Here is hoping the Feds have enough sense to figure this thing out. In the meantime, I thought I would send along some great Economic Indicators provided by a fabulous lender here in Sedona - Linda Rogers of First Metropolitan. It continues to be a great,
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LATEST SEDONA ARIZONA MARKET STATISTICS - JUNE 19TH 2008 ( edit / delete ) COMPARING THE FIRST FIVE MONTHS OF 07 WITH THE FIRST FIVE MONTHS OF 08. THE MARKET CONTINUES TO BE DRIVEN DOWNWARD. SOLDS HAVE DROPPED FROM 137 TO 98 MEDIAN PRICE OF HOME HAS DROPPED
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