Real Estate Market update for Aug 2010
Sedona Foreclosures, Sedona Market Trends, Sedona Real Estate / Aug 27, 2010
I know that time has gotten away from me this summer with my posts, but I wanted to catch you up on the current real estate market conditions in Sedona for summer of 2010. You’re able to view the most recent Sedona Real Estate Statistics to see the numbers for yourself – but here’s a brief recap:
554 homes currently on the market in Sedona
61 homes already in escrow – so there are less than 500 homes truly available
29 foreclosed homes currently available in Sedona
27 short sale homes currently available in Sedona.
11% of our currently available inventory is a distressed sale (short sale or foreclosure)
Of the 274 sales in the past 6 months – the average residential sale is a 2257 sq ft home with a sale price of $418,327 – so our 6 mo average sale price per square foot = $185. Many homes sell for over this AVERAGE number – but it gives you an idea of what to expect for pricing if you’re looking for an AVERAGE house in AVERAGE condition with AVERAGE views.