{"id":496,"date":"2012-02-17T17:43:22","date_gmt":"2012-02-17T17:43:22","guid":{"rendered":"http:\/\/174.36.202.1\/~sedonaho\/?p=496"},"modified":"2012-02-17T17:43:22","modified_gmt":"2012-02-17T17:43:22","slug":"february-2012-sedona-real-estate-market-update","status":"publish","type":"post","link":"https:\/\/sedonahomesandland.com\/february-2012-sedona-real-estate-market-update\/","title":{"rendered":"February 2012 Sedona Real Estate Market update"},"content":{"rendered":"

Whoa \u2013 the busy season has struck the Sedona real estate market right on time.\u00a0 We always tell clients that the busiest season in Sedona real estate starts on Valentines day.\u00a0 Depending on the weather, it may end up not getting busy until the 1st of March.\u00a0 This year was unusual, because we\u2019ve had bad weather for the last week (until today) and right now we have 75 properties tied up in escrow across Sedona.\u00a0 We haven\u2019t seen that sort of activity level in years.\u00a0 Many people have mentioned a feeling that the market is making a quick transition, but I guess only time will tell.<\/span><\/h3>\n
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Back to the facts \u2013 we currently have 444 residential properties on the market and 75 are tied up with buyers.\u00a0 According to the statistics on www.sedonaforsale.com it\u2019s the lowest number of properties available anytime in the last 2 years (each December 10-20% of the listings expire and are renewed in January)\u00a0 Short sales and foreclosures still affect the market, but their numbers are dwindling as well.\u00a0 Distressed properties are down by approximately 10% from their steady 40% market share of SOLD Sedona properties.\u00a0 It\u2019s a start in the right direction \u2013 so we\u2019ll keep an eye on those number and make sure to keep you aware of the current market trends here on this site.<\/p>\n

Vacant land is still floundering however, but I\u2019d expect to see an upswing in sales as the residential properties tick upwards and price per square foot numbers start to rise.\u00a0 It\u2019s still a much better deal to purchase an existing house than to purchase land and build, but if you\u2019re a person that only buys new cars and likes new houses \u2013 then you can still command a great deal on vacant land in town.<\/p>\n

The next 3-4 months should be busy if this week is any indicator of the start of the season \u2013 so if you\u2019re looking to get a good deal, have your cash ready or have your loan officer prepare a Loan Prequal so that you\u2019re prepared and can act on short notice.\u00a0\u00a0 The best deals are selling in days \u2013 not weeks or months!\u00a0 Call me for ideas and deals at 928-301-2622!<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Whoa \u2013 the busy season has struck the Sedona real estate market right on time.\u00a0 We always tell clients that the busiest season in Sedona real estate starts on Valentines day.\u00a0 Depending on the weather, it may end up not getting busy until the 1st of March.\u00a0 This year was unusual, because we\u2019ve had bad…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3941,3935,3939,3940,3936],"tags":[3945,3937,3938],"_links":{"self":[{"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/posts\/496"}],"collection":[{"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/comments?post=496"}],"version-history":[{"count":0,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/posts\/496\/revisions"}],"wp:attachment":[{"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/media?parent=496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/categories?post=496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/tags?post=496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}