March 2012 Sedona Real Estate update
Sedona Luxury Homes, Sedona Market Trends, Sedona property buyers, Sedona property sellers, Sedona Real Estate / Mar 23, 2012
Spring is in full swing here in Sedona after our unexpected snow day earlier this week. When the good weather comes around, Sedona home buyers open their wallets and start making offers on homes. There are 111 homes in escrow right now – which makes this the busiest time for Sedona Realtors in years.
There are approximately 350 residences (SFR, condos, patio homes, and manufactured homes included) that are truly available (active in our MLS system) in the Sedona area. There are 26 foreclosed homes on the market and 14 of these are already tied up by other buyers. Short sales are also in decline with 42 on the market and 24 of these are have been committed to other buyers.
We’re seeing less foreclosures and short sales on the whole – and lots of activity in the sub $300k price point for Single Family Homes. We currently have 72 homes in Sedona priced under $300k – and of these – 34 are already tied up with buyers – making a whopping 47% of the homes in this price range are already tied up. Almost half of all homes in Sedona under $300k are already gone! If you’re looking in this range you’d do best to get prequalified by a local lender (of have a stack of greenbacks nearby) and start shopping NOW!