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 much will you spend on holiday gifts this year?

Sponsored By:

Tlaquepaque Village

Concert puts strings in spotlight

Concert puts strings in spotlight

Students at Sedona Charter School assembled on Tuesday, Dec. 16 at the Master’s Bible Church to put on the school’s sixth annual Winter Strings concert.The classes were split between upper...

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

Lear to headline Wisdom Days
Lear to headline Wisdom Days

What do you get when you bring together a television icon, an Olympic gold medalist and a Grammy-win [ ... ]

Helicopter will transform into sleigh
Helicopter will transform into sleigh

The Sedona Red Rock News is about to share a secret, something the children of West Sedona School wi [ ... ]

More News

Latest Sports

Swordfish swim to six more firsts

Swordfish swim to six more firsts

Sunday, Dec. 14, marked just another winter swimming meet filled with first place finishes for 12-year-old Sedona Swordfish swimmers Andrew Tate and Emma Warner. “Andrew is swimming his best right now,”...

Sedona Weather

Fair

27°F

Sedona, AZ

Humidity: 77%
Wind: SSW at 3 mph
Saturday
Sunny
33°F / 55°F
Sunday
Mostly sunny
37°F / 60°F
Monday
Sunny
37°F / 66°F

Sedona Gas Prices

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