As the Sedona land market continues to shake off the doldrums we’ll see prices continue to work the their way up. Eventually, as the the non-renewable supply of vacnt land dwindles, we'll see prices sky-rocket from these bargain levels.
Meanwhile, we are still seeing Sedona luxury lots selling at huge discounts compared with the prices they fetched in 2006 and 2007. At some high-end gated communities, you can still find luxury lots starting at about $250,000. Back in 2006 those would have been priced at $700,000 or $800,000. More commonly, though, you can expect to pay $300,000 to $500,000 for a really good luxury lot and considerably higher for something truly extraordinary.