Sedona AZ Home Market impacted by foreclosures
By Barbara Baker, Sedona Arizona
(Barbara Baker Realty - Sedona's Elite Boutique Real Estate Firm)
Well - as the saying goes..."We live in an interesting time" and I think that can be said for the state of the Sedona AZ Home Market Real Estate in Sedona and the National Level. As we all know, foreclosures continue to bring our median price point downward and yet only represent 10% of the Active Listings. Yet make up 33% of all the sales in Sedona. 33%. Short sales represent 10% of the sold inventory. So almost ½ of all of the homes sold in Sedona is a foreclosure or a short sale. If you are a seller - listen carefully with BIG, BOLD letters. - " 42% of our sold inventory is either a foreclosure or a short sale". Will that trend continue? Yes.... And I'm not even a Gypsy with a crystal ball (although, I have been called that by some). And, that 10% active foreclosures and ...
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