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Sedona Real Estate Market Statistics and Sedona Information May 2011
Proof that the Sedona real estate market is heading in the right direction, though moving slightly slower than some would like, is evident in much of the data coming out: pending sales were up in April, average price rose suggesting stability, foreclosures were down, and the luxury market continued on its up-swing.  Nationally this seems to be true also. And this is all happening in spite of the fact that there is no tax incentive being offered by the Fed. Is this the time to buy?  You bet it is! Bargain prices and low interest rates won't be here forever.  
Average Sold Price of an Existing Sedona Home RoseThe average price increased for the second month in a row, rising from 387,278 in March to 423,578 in April. This represents a 9.3% gain from March.  
Sedona PendingsA snap shot of pendings shows sales going from 73 April 1st to 85 April 20th, suggesting strong sales for the month of May. 
Sales of Existing Homes  Economists predict that sales of existing homes will rise in the fall rather than the spring as buyers need more time to be convinced that the economy as a whole has turned the corner.  Of the 37 ... more

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