Sedona Real Estate January 1, 2008- April 18, 2008 Number of Homes (Residential/Condo/Townhomes) Sold in Sedona- 71 Total Number of Homes (Residential/Condo/Townhouse) For Sale- 607 Welcome to Sedona, the most beautiful place in the country!  My name is Jay Bingham, your source for real estate information in the Verde Valley, including Sedona, Cottonwood, Cornville, Clarkdale, Rimrock, Camp Verde & Lake Montezuma.  In today's BUYER'S MARKET, timing is everything.  Many beautiful homes here in Sedona are priced to sell right now.  Beat other homebuyers to the hottest new homes for sale in the Verde Valley (including Sedona Real Estate, Cornville Real Estate, Cottonwood Real Estate & Clarkdale Real Estate) with my New Listings Notification.  If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

Whether you are buying or selling a home, I will bring my many years of real estate experience to the table.  Having lived in Rhode Island, Texas, California and now Sedona, Arizona, I have a vast knowledge of the current market to help you find and/or sell your dream home.  Take advantage of this buyers market! In addition, if you have any general questions about buying or selling real estate in Arizona, please contact me as I'm more than willing to help.  Please browse my website for listings, reports and important local real estate information. Sincerely, Jay Bingham, Real Estate Agent Sedonarealtor@yahoo.com

Cell-818-470-7047

 

	Median Sales price	Number	Median Sales Price		Percentage
	1st Qtr. Jan-March	of Homes	1st Quarter	1st Quarter	change prior years
City/Community	2008	Sold	2007	2006	08-07	07-06
Sedona / VOC	$523,250	44	$591,700	$551,250	-11.57%	+7.34%
Cottonwood	$215,000	41	$229,750	$235,000	-6.42%	-2.23%
Camp Verde	$342,500	7	$297,670	$270,000	+15.06%	+10.25%
Clarkdale	$275,000	3	$322,000	$320,000	-14.60%	+.63%
Jerome	$0	0	$0	$258,500	$0	-100.00%
L. Montezuma/Rim Rock	$148,950	6	$220,000	$227,500	-32.30%	-3.30%
Cornville/Page Springs	$369,096	12	$345,000	$335,000	+6.98%	+2.99%

Buying in a Buyer's Market, SEDONA, ARIZONA.

• Lower sales price
  Sellers are more willing to wheel and deal because they know if they refuse to accept your purchase, they might not receive another. When fewer homes are selling, prices typically fall.

• Buyers can command concessions
  Buyers can ask sellers to pay their closing costs, providing their lender will allow the credit. Buyers can also expect sellers will pay for special reports such as pest inspections or roof certifications and a home warranty.

• Contingent offers are more acceptable
  Sellers are generally more agreeable to accepting a contingent offer that is dependent on the buyer selling the buyer's existing home. An offer in the hand is better than no offer at all.

• Request for repairs easily negotiated
  If the home is in need of repairs or updating its systems, sellers will often credit the buyer for the repairs or fix the problem(s) noted by a home inspector.

• Buyers control the transaction
  Buyers can ask for longer inspection periods, extend closing deadlines and ask for early possession -- terms that would be automatically rejected in a seller's market.