Markets Moving Up: Sedona AZ Real-estate Marketplace Up-date

Here's an update with the Sedona Arizona real estate market statistics for the fourth quarter of 2010 (1 October to 31 December).

While foreclosures in Sedona are a small portion of the current market, they are drawing a substantial part of the Sedona gross sales. Commonly, if buying a foreclosure home, at a bare minimum, you'll need to have the home caught up with home upkeep which was put off from the past owner. More often than not they may be damaged and missing home appliances.

This particular data was extracted through the Sedona Verde Valley Multiple Listing Service (MLS) and consists of all residential houses, condos and attached townhomes. Regions consist of West Sedona, Upper Sedona, Little Horse Park, Big Park, Red Rock Loop and the Village of Oak Creek. All employ a Sedona zip code.

Below, I have additionally listed data from 3rd Quarter for comparing.

My personal findings:

* Residences units sold have improved 14% in comparison with 3rd Quarter, during a time of the year many of us typically see a decrease in sales volume.
* Foreclosure sales have jumped but the offered number of foreclosure homes have decreased.
* Foreclosure homes continue to out pace regular house sales within the list price to purchased price percentage. Foreclosures are at 97.29%, and "Normal" sales 93.53% listing price to sold price.
* Current market periods fell by over 10%
* Average sales prices overall are generally stable.
* Looking at this data, I believe we've found the bottom and are coming away from it.

4th Quarter 2010
Still active for sale: 442
Sold: 122 Up 14%
Avg Days on Market for solds: 150
Avg List Price to Sold Price ratio: 93.53%
Avg Market Sold Price: $381,814

FORECLOSURES
Currently Active for sale: 29
Sold: 43 (35.2% of all sales)
Avg Days on Market: 85
Avg List Price to Sold Price ratio: 97.29%
Avg Market Sold Price: $278,769

3rd Quarter 2010
ALL HOMES ON THE MARKET
Still active for sale: 475
Sold: 106
Avg Days on Market for solds: 170
Avg List Price to Sold Price ratio: 93.97%
Avg Market Sold Price: $399,512

FORECLOSURES
Total still active for sale: 35
Sold: 28
Avg Days on Market: 90
Avg List Price to Sold Price ratio: 98.57%
Avg Market Sold Price: $314,044

If you have any questions or if we can be of assistance, please let us know.

I have been a real estate agent since 1998. I have extensive expertise in foreclosures and investment property. My concentration is primarily on Sedona AZ real estate sales and also the surrounding areas of Cottonwood, Camp Verde plus the Village of Oak Creek. Sedona AZ is actually a stunning destination for a visit but it is an even better place to reside.

Lots & Homes are very affordable again around Sedona. Discover just what you can afford inside the Sedona AZ housing market. Quite a few homes are on the market and a great variety of real-estate is certainly for sale in Sedona.

Our internet site: Sedona AZ Real Estate Guide
Our Blog Sedona Homes and Realty Weblog

You'll be able to reach me at (928) 202-0700 or email me at troy@[REMOVE]sedonaemail.com