Sedona Never Saw its Shadow!
As Sedona starts to warm again from our unusually chilly winter, the forest trails begin to beckon again and the Real Estate Market groundhog prepares to come out of it’s hole, look around for the light and tentatively enter what is historically its busiest time of the year. The interesting thing is that it seems that the Real Estate Market never went into hibernation this winter! According to the statistics, Sedona ended the winter of 2010, historically its slowest real estate season, on the sunny side – surpassing single family home sales of 2006 by 7% and exceeding 400 sales for the first time since 2005.
January also heralds the return of the Luxury Buyers, as four homes sold in January in the $1.2 -$2.5 million range with an average of $527 per square foot, a sharp contrast to the 17 homes in the $250-$800,000 range that were also sold in January at an average of $160. per square foot. A very unusual but exciting way to start the New Year, indicating a return to a healthier market while the national economy continues to try and regain its balance.
Want to keep with what’s going on in the market? I have two suggestions:
- Click here for a free market statistics report!
- You can see my favorite properties on the market right now by visiting my page of Laura’s Picks. These are what I consider strong buys on the market right now, not necessarily my personal listings.
I welcome your real estate questions and comments at Laura@SedonaInspiredMoves.com.
