Sedona Real Estate Market at Bottom

“It's both a very tough time and a great opportunity…It's an unbelievable time to buy a house.”
                         - Donald Trump on Larry King Live

"A recession is a terrible thing to waste.  The time to buy is when blood is running in the streets."

                         - Jim Cramer

Russ Lyon/Sotheby's Buyer Broker's Group Leads the Way as Sedona Real Estate Sales Surge.

Sedona Single Family Home prices hit levels in mid-January that we haven't seen since 2003.  Since having reached its apex of $660,000 in April of 2006, the Median Recorded Sales Price established a low, in January, 2009 of $341,500.  That figure, however jumped to $424,000 by February and has stayed in the low $400K's since.

(For the most current Sedona real estate market updates, contact Dr. Roy Grimm)

At the same time, sales of single family homes are up nearly 50% so far this year over 2008.

Sedona Real Estate Prices holding steady; Inventory Dropping As Bargains Are Snapped Up

Whatever is happening nationally, Sedona real estate has already  bottomed  and is now beginning to rebound dramatically. With sales numbers on the rise and inventory dropping, would-be buyers of Sedona real estate are well advised to get off the fence and snatch up the bargains while they're available.  "We'll never see prices this low again in our lifetimes," said Dr. Roy Grimm, a Sedona real estate veteran, and Associate Broker of Russ Lyon/Sotheby’s Buyer Brokers Group. "With the bottom of the market no longer a mystery, buyers are returning with a vengeance," he continued.

As we climb out of the national Great Recession, the housing market in the rest of the country has started to rebound as well.  That will add fuel to Sedona's eventual price run-up. Yes, we'll see foreclosures (REO's) and Short-sales continuing for some time to come, but they still only represent about 12% of the inventory. The upside of that for buyers, though, is that they've been keeping prices low in general because they represent 40% of Sedona real estate sales.

For more on that and direct feeds of REO listings, go to our "Short-sales & Foreclosures Page"

The bottom line? -- we have, indeed, finally “found the bottom” of the Sedona Real Estate market and the tide has turned.

In the meantime, buyers with vision, and the savvy to hire a Buyer's Agent who knows where the bargains are, have an open field, right now, to score some of the best deals we’ve seen in Sedona real estate in years. Many of those buyers have waited far longer than they would have liked to achieve their dreams of having a home here – waiting, with good reason, to see what they market would do. Now they can achieve that goal at a price no one would have ever conceived of even a couple of years ago.

By the time economists declare a recession or a market bottom it's old news and the best deals have been snapped up. It's already happening. It really is time to take action.  We'll have a lot of inventory at all levels for some time to come, but many of the phenomenal bargains are getting snapped up quickly.  So contact us today.

As Buyer’s Agents we can help you take maximum advantage of this buyer’s market and make the recession work for you.  You'll see major pay-offs down the road.  Call us to discover how. Our Lead Broker, Dr. Roy Grimm and his colleagues at Buyer Brokers Group/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.

"As a former real estate agent in the Midwest looking for property in an unfamiliar location like Sedona, I knew I wanted to work with someone who had my interests at heart, someone who did not have a hidden agenda to sell his office's listings, and someone who had nothing to lose by answering all of my questions in an honest manner. You not only fit all these parameters to a tee, but I was struck by how patient you were in your dealings with me." Read entire testimonial

"Thank you, thank you, thank you. We would definitely recommend you to anyone who is interested in purchasing real estate in Sedona."

 - John & Chris Wilkinson

"Your representatives [Ed & Laura] set very high standards for others to follow.  I cannot say enough - or praise enough - these two winderful people.  I've experienced very few businesses run as smooth as yours.  Above and beyond."

 - Beverly Myers

"Roy went above and beyond what any realtor ever would have.  We would definitely use Buyer Brokers again.  We couldn't be happier."

 - Rene & Chuck Russell