April 2012 Sedona Real Estate Market Update
Sedona Market Trends, Sedona property buyers, Sedona property sellers, Sedona Real Estate / Apr 13, 2012
The market’s still hot – and buyers don’t have a major advantage anymore under $400k. Inventory has dropped enough that it’s transitioned to a sellers market under this price and we’ve already seen some sellers holding firm to their list prices over the last few weeks.
Whoa… 92 homes in escrow with 17 closings already this month. The number of homes on the market is down 16% over the last 12 months, but Vacant Land listings are up 9% over the same timeframe. It’s still a good time to be a buyer of any Sedona property as we haven’t seen any major price increases across the board – so prices are low and interest rates have dipped beneath 4% again per our local lenders. (for a owner occupied SFR at least)
I’ll be updating the official site for all Sedona Real Estate sales figures later today – check it out!