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Bottom end picking up steam
Written by Rick Wesselhoff   
Wednesday, 28 November 2007 03:17
As mentioned in earlier posts, the upper end of the market is slowing down.  For quite a while there were no homes in escrow over $1M.  There has been a little activity in that price range, but the lower end of the market is starting to move.  My theory is that there are more owners that need to sell in the lower ranges and they're dropping prices more than in the upper prices.  These sometimes significant price drops are inducing buyers to get out their checkbooks and BUY!  I'd guess that this will continue for the next year or so... but we'll get busier.  BUT - this doesn't mean that prices will go up - it just means that we'll sell more homes at good prices... so if you're a buyer - get ready - there are some fantastic deals on Sedona Real Estate right now!
 

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About Rick Wesselhoff

RickWesselhoff
Our Sedona Real Estate Blog is writtent by local agent Rick Wesselhoff. Rick is a successful Sedona Realtor® that strives to educate his clients so that they can make informed decisions. Sedona is the right town for him due to the outdoors lifestyle, great people, and sense of community. Visit his website here

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