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 well above $600,000. 2013 finished at $395,000 - a 13% increase in the MRSP, as it had for the previous six months. The actual value appreciation was more like 8% to 10%. So far in 2014 prices remain fairly level. But, we expect that to change once we get into the spring Sedona real estate season.
You'll hear more about that as well as Roy's prognostications for the future of the Sedona Real Estate Market by going to our Market Conditions Page : Sedona Real Estate Market Conditions
There are still some terrific bargains in Sedona real estate. Right now we're in, "the lull before the storm." The MRSP for single-family-homes has been steady at about $400,000 (give or take $5,000) since June of 2013. It'll stay that way through the winter slow season and even dip a bit into the low $390K's. But, look for a significant price spike when spring is sprung.
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 the Buyer's Broker Team comes in. Recognized as one of the most knowledgeable experts on the Sedona real estate scene, Roy, 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 "Sedona Real Estate Market Conditions" page 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 marvelous place to live, but a phenomenal investment.
With current sales numbers sharply on the upswing 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.
To assist you in understanding the Sedona real estate market and the joys of living in Sedona, we've built, over the years, probably the most extensive real estate site in the Sedona area. Check out the Navigation Bar on the left side of this page. There you'll see links to pages addressing, among many other things, Sedona Real Estate Market Conditions, Sedona Foreclosures, Sedona Luxury Real Estate, Sedona Land, Sedona Condos and Townhomes, The Quality of Life in Sedona, as well as a tool that you can use to do your own Search for Sedona Properties.
As useful as that Sedona Property Search function can be on your own, many of our clients opt for having us do a customized search for them since we not only know the properties first-hand, but we also know the tricks of the trade to make the search process more productive.
Buying real estate in Sedona is as much a wonderful lifestyle investment as it is financial. 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.