March 2013 Sedona Real Estate Roundup

I regularly tell both buyers and sellers that high season starts sometime after Valentine’s day, so if you don’t see what you like during the winter, wait until the spring.  Sellers hold onto their listings and put them on the market now – to take advantage of the annual spring rush to purchase properties.  This year is no exception.  There are currently 383 residential units on the market in the Sedona area (includes Single Family homes, condos, patio homes, and manufactured homes)   – of which, 97 are already in escrow.  This weekend the weather is absolutely perfect, and I’d expect many more homes to go into escrow over the next few days.  The most sought after segment of the market is the sub-$500k homes – and there are 74 of these already tied up with buyers.  We’re all hoping for more properties to hit the market soon – otherwise at this pace we’ll be sold out of Sedona homes by the end of June!  If you’re thinking of putting your home on the market, the timing couldn’t be better, and if you’re looking – be prepared to act quickly.  If you’re looking to buy, then speak to a mortgage lender before your arrival to secure a prequalification letter to prove to sellers that you’ve spoken with a lender and are pre-approved for a loan.  This can go a long way during negotiations and can push you over the edge if there are multiple offers on a home!  Good luck and happy searching!