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 reach across the spectrum of affordability levels. Having bottomed in 2011, the Sedona Real Estate Market saw prices recover in 2013 to a sustainable level well below the peak hit in 2006. The Median Recorded Selling Price of single family homes has been close to $400,000 since July, 2013. Contrast that with over $600,000 in 2006. For the record, we believe that Sedona will be back in that range by the end of this decade.
2014 started out at a considerably slower pace than 2013 in terms of price and number of sales. The MRSP actually hovered around $380,000 for most of the "Winter That Never Was" (at least here in Sedona) and sales figures were off about 17% compared with 2013. That was the Lull. Just now, as the rest of the nation is starting to thaw, though, Pending Sales have leaped dramatically and at a median price 6% ahead of last year at this point.
Spring is when our market is, historically, most robust and that is especially true this year. It almost seems as though the folks who were ice-bound for the past three or four months are finally breaking out and heading home to Sedona.
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
Bargains are still around. To identify them and and get a great deal on one, you need to have a respected professional 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 Dean of Sedona Real Estate" and "The Realtor's Realtor" for his market statistics & analyses and real estate column in Sedona Monthly Magazine. A Sedona resident for twenty-three years, Roy knows the territory and and his Sedona real estate market knowledge is unsurpassed.
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. That's been particularly so this "winter" when the day-time temperatures have typically been in the 60's and 70's since the beginning of January just as most of the rest of the continent suffered through one of the worse winters on record.
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 on the upswing would-be buyers of Sedona real estate are well advised to take advantage of the 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. Dr. Roy Grimm, a 23 year veteran of Sedona, is an admitted industry "maverick" who has built a reputation on getting buyers the best possible deals while providing impeccable service. Watch videos (above) to learn more.