Sedona Real Estate Blog

Sedona Real Estate Stats comparing 07 and 08 -CLOSED SALES   For those with a weak heart... please stop reading now. When we look at the market overall (Luxury Sedona Homes, Median Priced Sedona Homes, Condos, and Sedona Vacant Land) we see that the market has dropped by 18% overall.  In 08- the ...

COMPARING THE FIRST FIVE MONTHS OF 07 WITH THE FIRST FIVE MONTHS OF 08.  THE MARKET CONTINUES TO BE DRIVEN DOWNWARD.  SOLDS HAVE DROPPED FROM 137 TO 98 MEDIAN PRICE OF HOME HAS DROPPED FROM $587,000 TO $499.000 PRICE DROP OF 15% CONTINUES TO BE A STRONG BUYER'S MARKET IN SEDONA ARIZONA AND THE SU...

I can't keep stressing this enough.  If you are a seller' drop your price until it starts to shake a buyer loss from the tree. It's as simple as that.  Price it competitively to begin with and expect someone to come in 15% below what you have it listed at.  Buyer's are buying and it is really imp...

HERE ARE SOME NEW STATISTICS ON THE CURRENT REAL ESTATE MARKET IN SEDONA FOR BOTH VACANT LAND AND RESIDENTIAL RESALE.  BE PREPARED... IT AIN'T PRETTY. COMPARING CLOSED TRANSACTIONS FROM JAN-MAY 07 VS JAN-MAY 08.... RESIDENTIAL RESALE - PRICE HAS DROPPED BY 12% VACANT LAND MARKET - PRICE HAS DROPP...

I HAVE BEEN TOLD BY MY COLLEGUES IN THE LENDING BUSINESS THAT WITH THE NEW TIGHTENING OF THE FED MONIES - HUD MORTGAGES THAT EXCEED THE NEW LOAN LIMIT OF $417,000 MAY, AND THAT'S THE WORD - MAY REQURE 2 SEPARATE APPRAISALS. ESPECIALLY, IF THE BUYER'S LOAN TO VALUE IS 95% AND IT IS IN A DECLINING ...

IN THE SEDONA MARKET WE ARE STILL IN TROUBLE AND WE ARE IN A MAJOR MAJOR BUYER'S MARKET.  I HAD ONE CLIENT ASK ME IF THE FEDS RECENTLY LOWERING THE INTEREST RATES THIS PAST WEEK WILL HELP OUR MARKET AT ALL?  THE FEDS LOWERING THE INTEREST RATES REALLY HASN'T EFFECTED THE HOME BUYING INTEREST RATE...

HERE GOES.... IT'S NOT A PRETTY PICTURE... IN FACT THE PICTURE ISN'T EVEN HUNG ON THE WALL! BELOW ARE THE AVERAGE PRICES.  SEDONA - $599,000 - 10 YEAR SUPPLY OF LAND ON THE MARKETVILLAGE OF OAK CREEK (UNINCORPORATED AREA OF SEDONA) PRICE DROP OF 50% - $242,000 - 9 YEAR SUPPLY OF LAND ON THE MARKE...

Here are the current average prices of homes in Sedona and the Verde Valley.Sedona - (Luxury - above $1 million - $1,657,000Sedona - Under $1 miillion - $536,000The Village of Oak Creek - $470,000Cottonwood - $223,000Lake Montezuma - $158,000Camp Verde - $295,000If you need any more information -...

WELL... HERE IT IS ... THE CONTINUING HARD FACTS ABOUT THE SEDONA MARKET PLACE ALONG WITH THE REST OF THE VERDE VALLEY. THERE IS CURRENTLY A 3 YEAR SUPPLY OF HOMES IN THE SEDONA MARKET.  IN THE LUXURY MARKET THERE IS A 5 YEAR SUPPLY OF HOMES.  IN THE VACANT LAND MARKET (IF YOU ARE A SELLER... I H...

SEDONA IS LISTED IN THE TOP 100 SECOND HOME MARKETS IN THE COUNTRY.  A BIG PLUS FOR BUYER'S TO BUY NOW.   THE OTHER AREAS IN ARIZONA WERE SCOTTSDALE AND THE WHITE MOUNTAINS.   THE U.S CENSUS BUREAU RANKS ARIZONA IN THE TOP 10 MARKETS HAVING THE HIGHEST % OF VACATION AND SECOND HOMES BASED ON POPU...