Fall weather is upon us – I say that loosely, as autumn here means that it’s after Monsoon Season, the humidity is back down to near zero and it’s 85 degrees during the day and in the low 50’s at night.\u00a0 Perfect if you asked me… whether you like to hike, mountain bike, or just relax and enjoy the views – this is arguably the best time of year in Red Rock country.<\/p>\n
It’s been an interesting year in Sedona Real Estate – the year always starts off slowly and kicks into gear around March.\u00a0 Our month of May was the busiest month in over 6 years and it’s leveled off a bit since then, but the last three months volume was approximately 40% higher than in 2012.\u00a0 Inventory is probably finished tailing off and seems to have leveled off.\u00a0 If we break down the homes there are 411 residential units on the market – and 339 are truly available.\u00a0 And among these 339 active residential units, only 277 are single family homes.\u00a0 Units sold are 6.9% above 2012 figures and we’re 13.2% up in dollar volume.\u00a0 This means that more homes are selling this year, and that they’re selling for more money.\u00a0 That’s partly due to the dropoff in foreclosures and short sales and the surge in mid range and luxury homes sales in 2013.\u00a0 We’ve had 25 homes over $1M sell this year – compared to 22 in ALL of 2012.<\/p>\n
The relative lack of homes for sale under $300k has also fed into the price surge in our lowest priced homes.\u00a0 There are only 24 homes in all of town priced under $300k – and we had 5 sell in the last month.\u00a0 This means we have under a 6 month inventory, which signifies a sellers market in the most affordable homes in town.\u00a0 Great news for sellers and it might make potential buyers act quicker knowing that prices still seem to be on the upswing!<\/p>\n","protected":false},"excerpt":{"rendered":"
Fall weather is upon us – I say that loosely, as autumn here means that it’s after Monsoon Season, the humidity is back down to near zero and it’s 85 degrees during the day and in the low 50’s at night.\u00a0 Perfect if you asked me… whether you like to hike, mountain bike, or just…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3941,3952,3935,3939,3940,3936],"tags":[],"_links":{"self":[{"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/posts\/753"}],"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=753"}],"version-history":[{"count":0,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/posts\/753\/revisions"}],"wp:attachment":[{"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/media?parent=753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/categories?post=753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sedonahomesandland.com\/wp-json\/wp\/v2\/tags?post=753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}