Sedona Inspired Moves Blog

At today’s monthly stats meeting in Sedona, vacant land was the focus on the horizon and the weather was looking good! Land inventory has fallen 25% so far this year, making a good lot more difficult to find than it was a year ago, and a better time for those fence-sitters who have been holding on — waiting for a good time to sell — to take action and list your lot!

There are actually 140 lots less on the market today then there were in March of 2010.  Sellers, list your lots this spring and take advantage of this window.

This stat rings true for Active Listings overall in the Sedona market. Currently there are 916 active listings, down from 1053 active listings in 2010, and 1185 this time in 2009.  Less inventory means that we have a very good chance of seeing some clear stabilization in our local housing market….not to be confused with National trends or the Phoenix market which are completely different animals.

If you are a Buyer looking for a lot, a good thing to keep in mind are impact fees that you will accrue before you can break ground.  Generally you will pay a city impact fee of about $9,000. And you need to check to see if there is a sewer impact fee to connect, as well as building permit fees which are about $1.00 a square foot.  This is a good reason to be working with a qualified Buyer’s Agent who has your best interest at heart and can help you understand these fees and work them into the negotiation on your behalf for a better purchase price.

SedonaLUX 

Real Estate Trends ~ The Return of the Luxury Market

Now, here’s some good news!  

So far this year in the Sedona Real Estate Market, there have been 9 homes in the Sedona Luxury Market that have sold for over one million, with an average price point of $1,766,000. This is a significant increase over the same time frame in 2010 when only 3 listings sold over one million with an average sales price of $1,400,000.

There are still some great buys to be had in this Buyer-Wins market, even for the under $400,000 market, which is where we are still seeing most of our REO’s.

I am standing by to answer any Sedona Real Estate questions you may have and assist you in your Sedona move!

Keep up with what’s happening in the Sedona Real Estate Market.

 Click here for a free market statistics report.

Want to keep up with what’s going on in the market? I have two suggestions:

1. Click here for a free market statistics report!
2. 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

Laura Pennington

SedonaInspiredMoves.com

(928) 300-0180