QUICK STATS ON THE MARKET SURROUNDING SEDONA
COTTONWOOD, CORNVILLE AND CLARKDALE
MARKET IS DOWN 12% FROM THIS SAME TIME (MAY TO JUNE) OF LAST YEAR
THE NO. OF SALES ARE DOWN BY 55%
THE RESIDENTIAL MARKET IS DOWN BY 18%
THE VACANT LAND MARKET IS DOWN BY 60%
CAMP VERDE AND LAKE MONTEZUMA
MARKET IS DOWN 4% FROM THIS SAME TIME (MAY TO JUNE) OF LAST YEAR
THE NO. OF SALES ARE DOWN BY 45%
THE RESIDENTIAL MARKET IS DOWN BY 16%
THE VACANT LAND MARKET REMAINS UNCHANGED
ANALYSIS - For Buyers and Sellers in the Verde Valley
For Buyers
The Verde Valley Marketplace is still seeing a buyer’s market in both the residential and vacant land markets. HOWEVER, the home prices have RISEN in all markets with only a small drop in value in Cottonwood. The markets in these areas have been slowly returning, and amount to a good proportion of the SOLDS in the Verde Valley. They have out sold Sedona by enormous proportions. If you are a first time home buyer, thinking of going into an investment property, or moving up in your home don’t wait too long. This is the time! There are many properties to choose from, and there are solid loan programs available. Now, Yes… NOW would be a great time to buy! If you are a small builder, or looking for a great investment to buy the LAND Market would be a great avenue. If you would like to talk with me further about how I can help you accomplish your buying goals please give me a call at 928-301-0669.
For Sellers
PRICE A PROPERTY TO SELL! If you are a Seller who has good amounts of equity in your property price it to sell…price it BELOW fair market value, and please Don’t OVERPRICE it. The Vacant Land markets continue to be hit the hardest. And who knows where the bottom of this market will be? Be Pro-Active. Price it ahead of your competition! Sell it! Because there is no guarantee it will be worth next year what it’s worth today!
I hope this market analysis has been helpful. I am committed to continuing to provide you with this valuable information and to help you with all your Real Estate Needs. My direct phone is 928-301-0669, or email me at barbara@barbarabaker.com
Warmest Regards,
Barbara Baker – RE/MAX - Sedona
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