Is it Time to Buy Vacant Land in Sedona?

Sedona, AZ, Vacant Land prices have dropped from a median high of $590,000 in 2006 to $127,500 today. Put in another way, land today can be purchased at a 78% discount from the 2006 peak and at a 37.5% discount from 2003 levels. It is an amazing time to get into the market and pick up exceptional land deals in Sedona. What was out of reach just a few years ago is now affordable, for both investors and buyers who want to buy a piece of land and build their dream home in such a unique place.
Average prices rose 24% from a month ago. It will take a few more months of data through the summer to get confirmation of the uptrend. Read Full Sedona Vacant Land report

Brand new website for The Aerie in Sedona, AZ

I'm happy to announce the launch of The Aerie's new website: http://aeriesedona.com/ . Framed by the red rock splendor of Sedona, The Aerie is an exquisite setting that takes your imagination to new heights. Discover a limited number of spectacular two and three acre home sites that will inspire your architectural dreams. These lots are offered between $300,000 and $1M. Showings by appointment only. Call (928) 274 1521.

Sedona Luxury Real Estate - Sales Volume by price segment

In 2006 the $500K+ market represented 56% of sales and the $1M + market 12% of total sales.
Today, lower priced homes no longer dominate the number of sales and the luxury market is regaining some of its lost momentum: up to the end of May 5.8% of homes sold in the $1M + segment and 25.5% in the $500K+ segment versus 3.8% and 20.6% respectively in 2012. Read Full report...

Is the Sedona Luxury Residential Market Coming Back to Life?

Let’s take a look at the Sedona real estate luxury market in the context of the overall market by analyzing data on sale volume, price per square foot and days on market by price segment. Luxury homes in Sedona are defined as the $1M+ properties.

What does Trading Range say about the Sedona residential market?

In real estate terms, trading range is defined as the spread ratio between sale price and list price. Trading range is a good indicator of a buyer’s market when the trading range is tight (2003 till 2006) and a seller’s market when the range widens.

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Open House today 9-11.30am in Sedona

Open house today for this lovely new listing in Sedona offered at $392,000. 9-11.30 am. Call me for directions.
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Are Days on Market important when buying a home in Sedona?

Day on Market or DOM simply tracks the number of days a property is listed before it is sold. DOM is not a reliable predictive tool as it does not track or correlate with price movement, inventory or sale volume. Rather, it is a useful indicator for sellers to have an indication of the time it may take to sell their home and for making adjustments in the asking price in accordance with their expectations.

DOM is a better measurement of buyer activity. Buyers ultimately control the process and may use the data to leverage their buying power.

The time it takes to sale a home in Sedona remains historically high. Sellers who are lured back into the market on the premise of rising prices need to remain patient.

Looking at the trend line, Days on Market is 8% higher than a year ago. We will need to observe a further monthly decline into the summer for the trend to turn negative. This would favor sellers and give buyers less bargaining power.

For more information about Sedona Real Estate and to Search for properties, visit www.SedonaFineHome.com or call Elisa at (928) 274 1521