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Well, today the House approved the tax credity extension to give home buyer's until September 30th to close on eligible properties and still qualify for the home buyer tax credit. The current deadline requires buyers to close by June 30 (tomorrow)
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Statistically, we hit bottom on January of 09 with a price point of $341,500. Our solds are now averaging around $430,000. And we have more pending sales now, then we had at our all time high of May 05. 1/2 of those homes currently under contract are
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The Sedona AZ Real Estate Market is seeing a strong buyer's market in the Vacant Land Arena. Currently there is a 7 year supply of vacant land on the market. What does that mean? It means that there is such an oversupply of land on the market, with
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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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It just keeps getting better and better.... news from Sedona Real Estate ( edit / delete ) This is a pep talk for all your buyer's out there who are on the fence.... thinking it over.... waiting for the golden opporutnity! I have news for you - this
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HERE THEY ARE... THE LATEST STATS FOR SEDONA.COMPARING THE FIRST 3 MONTHS OF O8 (JAN - MARCH) TO THE LAST 3 MONTHS (MAY -JULY) WE ARE LOOKING UP. I HAVE TO SAY I AM SLIGHTLY OPTIMISTIC.... SLIGHTLY. CONSIDERING THE COMPARISONS WERE PART OF THE DEAD OF
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Well here is the good news... the Sedona Market has increased by 106% between the time period of 01-07. That's great. The bad news is that we are down 15% from last year. So even though Sedona continues to be a great place to buy for appreciation
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In the 7 months of 08 - there are ONLY 34 current contracts on the market in the residential resale market. There are 518 ACTIVE Listings. For the same time period there have been only 131 homes sold. Down by 25%. It is a STRONG BUYER'S MARKET . SELLER'S
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55% of the Sedona Marketplace is comprised of 2nd, 3rd, and 4th home markets. Of that 55% - 80% of our homes are sold in the peak months of the spring (Marrch-Mid June) and the peak months of fall ( Sept- Nov). That being said... now that we are in the
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For those with a weak heart... please stop reading now . When we look at the market overall (Luxury Sedona Homes, Median Priced Sedona Homes, Condos, and Sedona Vacant Land) we see that the market has dropped by 18% overall. In 08- the Sedona Market Place
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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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I can't keep stressing this enough. If you are a seller' drop your price until it starts to shake a buyer loss from the tree. It's as simple as that. Price it competitively to begin with and expect someone to come in 15% below what you have
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