Sedona West Subdivision – June 2012 Update

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The Sedona real estate market has been on a pretty hot pace for the first five months of 2012. Sales of single family homes in 2012 is on pace to be the best year for total number of sales since 2006. As of the end of May there have been 194 single family homes close, compared 168 sales for the same time period in 2011. Inventory of single family homes continues on its downward trend with only 337 homes on ...

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Sedona Homes Sales, Listing Price versus Selling Price

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One of the questions that I get asked by almost all sedona real estate buyers and sellers is “what percent of the listed price are homes selling for”. Buyers want to know how much they should offer, sellers want to know how much negotiating room they want to leave themselves. Conventional wisdom says that the longer that things, including homes, are up for sale, the lower the price that they will eventually sell for. For the most part this conventional ...

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Sedona Real Estate, Vacant Land Sales Update May 2012

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Sedona vacant land sales remain very soft compared to the heyday of 2004 and 2005, but are on track to increase about 20% in the number of transactions in 2012 over 2011. Inventory is down about 11% since the first of the year, but just about the same as it was a year ago. The drop in inventory mainly stems from sellers either giving up or not wanting to sell at today’s reduced prices. Of the 348 vacant land listings ...

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Sedona Real Estate Sales Update May 2012

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Sedona real estate sales remain strong for the first four months of 2012. Inventory is close to being in balance, and slightly tipping to a seller’s market with less than  a 6 month’s supply of homes on the market when you take out the 65 homes priced over $1,000,000. This is great news for Sellers. Of the 356 single family homes on the market 49 (13%) is distressed inventory. As of this writing 82 of the 356 homes are under contract ...

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Sedona, AZ Real Estate Foreclosures and their Impact

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Beginning in 2008 foreclosures and short sales started to have a major impact on the Sedona real estate market. Due to the significant numbers of distressed and short sale properties coming on to the market in late 2008, the Sedona Verde Multiple listing service created categories and search criteria for foreclosures and short sales. This enabled realtors to sort for these two criteria.

In looking at 2009, the first full year that these statistics were available, 141 of the 344, 41%, ...

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1st Quarter 2012 Sedona Real Estate Statistics

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I am always surprised when I complete the statistics for a quarter. The reality is somehow different from the perception. The perception during the first quarter is that there has been a lot of activity in the Sedona real estate market, and the entire Verde Valley real estate market for that matter. The reality is that when it came to single family closings year over year for the last 12 months compared to the previous 12 months they were flat ...

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Cottages at CoffeePot – Sedona Real Estate at its Finest

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There will never be another real estate development in Sedona, Arizona, like the one of a kind Cottages at CoffeePot. Nestled at the base of Coffee Pot Rock, surrounded by National Forest, you will find the Cottages at CoffeePot. Just 34 homes in a secure gated community, on 10 acres of park like setting with dramatic breathtaking views in all directions, make it uncomparable to any other development in Sedona. Designed by well known architect Don Woods and built ...

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Western Hills Subdivision, Sedona Real Estate Update

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Centrally located in West Sedona, the Western Hills Subdivision has long been one of the more popular locations for Sedona real estate buyers. With Chimney Rock, Capital Butte and Sugarloaf located adjacent to the northern border of the subdivsion many of the most popular Sedona hiking trails are just minutes away, truly it is an outdoor recreation paradise.

Western Hills is located in the heart of West Sedona nearby to all of the shopping entertainment and dining that West Sedona has ...

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Sedona Luxury Real Estate Makes A Resurgence

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The Sedona, Arizona luxury home segment of the Sedona real estate market hit the doldrums in the last quarter of 2011. There were no closings over $1,000,000 from 8/22/11 to 12/22/11. With all the negative news in the stock market and the bickering in Congress, buyers just pulled back and took a wait and see attitude. 2011 sales in the Sedona luxury market ended up 17 for 2011, right in line with 2009 and 2010. Inventory for the Sedona luxury ...

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Verde Santa Fe Subdivision Recovering

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Another indicator that we have seen the bottom of the real estate market in the Verde Valley is that the highly popular Verde Santa Fe Subdivision is solidly in recovery mode as we move through the spring 2012 selling season.

Verde Santa Fe, a planned development, located just outside of Cottonwood, AZ on Cornville Road, has about 900 homes and is comprised of six subdivisions. I can remember in 2005 when real estate sales in this subdivision were so hot ...

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