Sedona Real Estate Market Statistics for 3-11-2011 Still Favor Buyers - But Buyers Need to Know the Rules of the Road

Sedona real estate market conditions still show strong favor to buyers of Sedona homes for sale and Verde Valley real estate. Markers such as price reductions, back on market listings and expireds indicate that buyers rule; however buyers-you should know that when bank-owned properties(Sedona foreclosures) or those that require bank approval (Sedona Short Sales) are involved, it's run by the "Golden Rule: He Who Owns The Gold Makes The Rules". Don't be surprised to be in multiple offer situations on aggressively priced bank owned (REO) properties or even in short sales.

New Listings8
Back on Market10
Price Increases1
Price Reductions24
Contingents5
Pendings1
Solds7
Expireds5
Inactives3

This certainly holds true for Verde Valley Short Sales and Verde Valley Foreclosures as well.

For help with these or any sales or purchases in Sedona real estate or Verde Valley real estate please visit www.Move2Sedona.com or call Beth Larsen at 928-284-2501.

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