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Sedona Real Estate Market Conditions for Tuesday 9-6-11

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Real Estate Agent with RE/MAX Sedona ADRE#513161000

Sedona Real Estate Market Conditions for Tuesday 9-6-11

Sedona Real Estate: today's 2 new residential listings include a 1 bedroom, 1 bath West Sedona Home for Sale for under $145K on 1/3 acre with an in-town location & red rock views and at the other end of the spectrum a Sedona Luxury Home for Sale in one of Sedona's most presigious custom home areas with 4 bedrooms, 3 1/2 baths and stupendous views for a little over $1.5 Million.

Verde Valley Real Estate: today's new listings are all Verde Valley Vacant Land, including two 1/2 acre Cottonwood AZ Vacant Land listings that are adjacent and priced at just under $25K each, and an almost 1 3/4 acre Camp Verde AZ Vacant Land parcel on Clear Creek

Today's price reductions were split down the middle, with 2 in Sedona (a 2 BR, 2BA Village of Oak Creek Condo now priced at $128,500 and a West Sedona Luxury Home now $749,000) and 2 in the Verde Valley (a Cornville AZ Manufactured Home for sale on almost an acre now priced under $75K, and a beautiful Southwest style 4 BR 3 1/2 BA Cottonwood AZ Home for Sale on almost 2 acres now listed at $375K).

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24-Hour Market Watch
New Listings 5  
Back on Market 2  
Price Increases 0  
 
Price Reductions 4  
 
Active 6  
Active-Cont. Remove 0  
 
Pending-Take Backup 0  
 
Pending 0  
 
Sold 2  
Cancelled 3  
Expired 5  
Temp Off Market 0

 

Presented By: Beth Larsen, Sedona Realtor / RE/MAX Sedona Phone: 928-284-2501
Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sales reported to the association, but is not guaranteed, and is subject to change. Does not contain non-MLS sales data. Market area includes Sedona, Oak Creek Canyon, Uptown Sedona, West Sedona, Red Rock Loop, Chapel, Little Horse Park, Village of Oak Creek, Big Park, Cottonwood, Cornville, Verde Santa Fe, Clarkdale, Camp Verde, Lake Montezuma, Rimrock and Jerome Arizona.
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Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTORĀ®, EcoBroker, GREEN

Great to see your post.  How is land selling in your area?

Sep 06, 2011 07:25 AM
Beth Larsen
RE/MAX Sedona - Sedona, AZ
Sedona Arizona

Hi Jan,

Thanks for your question...the answer is, our land prices have come WAY down and we are seeing lots sell now, of course those with the best views AND the best price ;^)

For quite awhile as you no doubt also found to be true, land sales were hampered by the complete absence of lot loans, then AZ State Credit Union started offering them and recently we've received notice that other lenders are gradually adding lot loans back to the lineup. For a long time, it was cash only buyers, or seller carrybacks.

We still have quite a good-sized inventory of beautiful lots. How about your area?

Sep 06, 2011 07:31 AM