Living in Sedona and enjoying our fantastic scenery, mild climate, spiritual inspiration, and small-town, yet cosmopolitan culture has been a dream that few people could afford in the past decade. The bottoming out of the Sedona real estate market changed all that. The delightful quality of life in Sedona is now within your reach. Prices have plummeted to pre-boom levels. That window of opportunity has been a blessing for our Buyers since 2009, but we knew that it wouldn’t stay wide open forever.
The market is finally moving back in favor of the Sellers. With demand high and inventory low, home prices have begun to move up steadily. Based on the unique character of the Sedona real estate market, we believe that, by the end of the decade, they’ll exceed the levels we saw in 2006.
At the close of 2012 the Median Recorded Selling Price of homes was still a relatively low, $350,000 – compared with the peak in 2006 of $660,000. So far in 2013 we’re at $425,000 and the number of Pending sales is at the highest level I’ve seen in tracking the stats for the past ten years.
Nevertheless, there are still some terrific bargains in Sedona real estate. To identify them and and get a great deal on one, you need to have respected professionals on your side – and just on your side. That’s where Roy Grimm and the Buyer’s Broker Team comes in. Recognized as one of the most knowledgeable experts on the Sedona real estate scene, Dr. Grimm, a former academician, has been called by his colleagues,”The Realtor’s Realtor” for his market statistics & analyses and real estate column in Sedona Monthly Magazine.
For a full analysis of the Sedona real estate market in historical perspective, recent trends, and detailed statistics visit the “Market Conditions” page of this website:www.SedonaRealEstate.com/market-conditions/Or contact Dr. Roy Grimm directly.
Your Future In Sedona Real Estate
What makes the Sedona real estate market different is that we live in what USA Today called “The Most Beautiful Place in America,” with an ideal, mild four season climate. That has attracted a strong, continuous flow of new real estate buyers over the years. Sedona will always be in demand. Furthermore, we are an island of private property completely surrounded by National Forest. That severely limits the future supply of buildable land. In the years and decades ahead, demand will continue to build as supply diminishes. Prices will appreciate dramatically – making Sedona not only a marveloous place to live, but a phenomenal investment.
With current sales numbers sharply on the upswing and inventory continuing to drop, would-be buyers of Sedona real estate are well advised to get off the fence and take advantage of the amazing bargains that are still available. We think it’s safe to say we’ll never see Sedona real estate prices this low again in our lifetimes.
By the way, many of our Sedona real estate clients have scored phenomenal buys of Foreclosed and Short-sale homes and land. The REO and Short-sale inventory has thinned dramatically in the past year, but that element of the market will be with us for a while longer. And, now we have a resident expert in REO’s, Heather Rizzo, on the team.
For more on that and direct feeds of REO listings, go to our “Short-sales & Foreclosures Page“
The Buyer’s Broker Team can help you take maximum advantage of the Sedona real estate market and make it work for you. You’ll see major pay-offs down the road. Call us to discover how. Our Lead Broker, Dr. Roy Grimm, a 23 year veteran of Sedona, and his colleagues at Buyer Brokers Team/Russ Lyon Sotheby’s International Realty are admitted industry “mavericks” who have built a reputation on getting buyers the best possible deals while providing impeccable service. Watch videos (above) to learn more.