Warning: include(/var/www/rrnweb/includes/joomla_init.php): failed to open stream: No such file or directory in /home2/rrnews/public_html/templates/redrocknews1.5/index.php on line 328

Warning: include(): Failed opening '/var/www/rrnweb/includes/joomla_init.php' for inclusion (include_path='.:/opt/php54/lib/php') in /home2/rrnews/public_html/templates/redrocknews1.5/index.php on line 328

Breaking News:

Close

Online Poll

How do you celebrate the 4th of July?

Sponsored By:

Tlaquepaque Village

There’s no mystery to author’s success

There’s no mystery to author’s success

“I never grew up loving books or wishing to become a writer,” stated Michael Norman, a local author of four well-received mystery novels who is appearing at the first Payson...

I just saw something interesting happen in local real estate sales.  Just this AM, there was a closing for a piece of vacant land in the VOC... but that's not the unusual part.  This lot is in a newly developed subdivision that was a great bargain in 03-04 when originally marketed by the developer.  Lots generally sold in the 170k range... and were soon after selling in the 200's, then 250k range, then over 300k in a matter of a few years.  Well, as you probably know, vacant land has been relatively stagnant and prices have come down.  I sold one of these lots a few months back for a GREAT price of 210k.  That reflected the sellers desire to offload this piece of vacant land.  Well... today a similar lot was on the market for 175k... and just closed for a hair over 157k.  That means that the seller is losing 35k or so... plus his holding costs.  This shows the importance of selling at the right time... In a declining market like this, prices are falling.  As a seller it's better to offer your home at a perceived "low price" now to get some buyer activity and to sell your lot for a fair price.  There are chances that if you price it too high, it wont sell and the market could further decline and you'll end up having to sell at an even lower price just to meet the market. 

Leave your comments

0
terms and condition.
  • No comments found

Other Headlines

Inside Outside Show opens at Goldenstein
Inside Outside Show opens at Goldenstein

Summer is here and Goldenstein Gallery's Sculpture Garden is in full bloom against the backdrop of r [ ... ]

$275K grant funds creek cleanup
$275K grant funds creek cleanup

The numbers speak for themselves: 6,300 pounds of trash, 315 pounds of feces and 116 diapers. No, th [ ... ]

More News

Latest Sports

Young hoops trio key to Scorpions in 'learning year'

Young hoops trio key to Scorpions in 'learning year'

Developing into a dramatically different basketball team than the one that struggled to a 10-15 mark last season, Sedona Red Rock High School ended six weeks’ worth of round-robin games...

Sedona Weather

Cloudy

70°F

Sedona, AZ

Humidity: 61%
Wind: SSE at 5 mph
Sunday
PM Thunderstorms
64°F / 84°F
Monday
Partly cloudy
64°F / 88°F
Tuesday
PM Thunderstorms
64°F / 91°F

Sedona Gas Prices

Lowest Gas Prices in Sedona
Sedona Gas Prices provided by GasBuddy.com