Sedona Real Estate Market News and Statistics February 2012

For all your Sedona Real Estate needs, call John 928-300-0849 or email.

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Sedona Sales of existing homes Jumps Up January 2012!

Sedona Home Resale Climb Higher and Outlook is Sunny!

Sales of previously occupied homes rose last month to the highest level in more than five months, while the inventory of unsold homes contracted to a level many consider healthy, certainly positive signs of a recovery.

Low prices and low interest rates plus improvements in the economy drove January 2012 sales which increased 14% from last month and 37% from January 2011 

While sales have been rising, prices have fallen about 48% from their high in 2006.  However, last month’s median sales price of $303,962 was 6 percent higher from $284,750 a year ago.

Inventory in January 2012
Inventory  fell from its last high of 458 in September 2011 to 378 in January 2012. The 378 represents a 9.2-month supply, where a 6- month supply is considered a balanced market.

 Foreclosures
Of the 41 homes that sold in January, five percent were foreclosures, up slightly from December’s rate of 4.4 percent but down from Last January of 5.3 percent.

Mortgage Rates
Mortgage rates have been hovering around the lowest recorded levels and hiring has picked up, giving some buyers more confidence.  However, prices in many distressed markets have continued to fall due to a continuing flow of foreclosures. While the share of loans in foreclosure has remained elevated, the number of new borrowers falling behind on their mortgages has been declining.

Sedona Homes Sold January 2012 List
Sedona Land Sold List for the 2nd half of 2011

For all your Sedona Real Estate needs, call John 928-300-0849 or email.