Market correction? Momentum slowing in 4th Quarter
For most of 2018, the Sedona Real Estate Market has been on a roll, easily surpassing 2017’s exceptionally strong showing. But, are we due for the falloff as we’ve seen in California, particularly, and the nation, generally? There are some signs of a recent loss of market momentum. Question is, is it temporary or a deeper market correction? Through the …
National vs. Sedona Market Trends
One of the attractions of Sedona has always been the sense that we’re an “Island in the Sun,” a sanctuary from urban ills buffered by 160,000 acres of National Forest. Up until the boom and bust cycle that we experienced between 2004 and 2011, we also felt somewhat insulated from national economic cycles. Sedona real estate sort of plodded along …
2017 a Record Year for Real Estate in Sedona
The final results are in. As anticipated, 2017 turned out to be a record breaking year for the entire Sedona real estate market. Single Family Home sales exceeded 2016’s by 10 percent: 465. That’s the highest number in the past decade andthe strongest showing since 2005. In fact, with a Median Recorded Sales Price of $525,000, we’re close to 2005’s …
Banner Year for Sedona Real Estate
Just like the eighty-degree weather we experienced throughout Thanksgiving Weekend, the 2017 real estate market in Sedona is turning out to be record setting. With about a month left to go in the year, Single Family Home sales have already equaled 2016’s impressive total of 424 – the highest of the past decade. In fact, it’s the strongest showing since …
Hot Summer Market in Sedona
With such a strong start for the Sedona Real Estate Market this spring, there was considerable speculation about whether that momentum would carry over into the typically quiet summer season – particularly when we’ve seen some declines nationally. Turns out that the answer is a resounding, Yes! Pretty much across the board, all real estate sectors continue to pop with …
May 2017 Sedona Monthly Column – Market Update
What a difference a year makes. At the end of May,2016, the market stats were dismal across the board in all Sedona real estate sectors. 2017 is a whole different ball game – from luxury homes to even land. Single Family Residences are certainly on a roll. Sales are up about 25 percent over last year – and we’re on …