Is it a Buyer’s Market or a Seller’s Market in Sedona?

With a sale to list price ratio of 97.63%, Sedona is currently considered a “seller’s market”. What this means is that on average homes in Sedona sold for only 2.37% under the asking price. While this does mean Sedona sellers are currently in the driver’s seat, it’s not so much so that buyers aren’t still finding a reason to buy, which brings us to our next point…

Are Homes in Sedona a Good Investment?

Home prices in Sedona have continued to trend upward over the last year. As of September 2020, the median list price was up 15% year over year, at $598K. The median sale price was $569.5K.

Sedona Home Availability

What are the odds you’ll land the Sedona home of your dreams? You’ll have to act decisively! The current median time on the market is 79 days. There are a total of 465 homes available for sale in Sedona, 25 of those hitting the market in just the past week!

As you can see, Sedona is a hot market and you’ll need a real estate agent that can act quickly and advise you with the right local knowledge. The COLLINS TEAM can do just that! Give your local Flagstaff & Sedona real estate agents a call today at (928) 230-5168 or send us a message!

The post Real Estate in Sedona: Market Trends Fall 2020 appeared first on The COLLINS TEAM.

1. Endless Hiking & Mountain Biking

If you’re an outdoor enthusiast, there are few better towns to live in if you love tackling a different trail every weekend all year long. With a steady climate (rarely above 100 degrees but also rarely snowy) and over 200 hiking trails, you’ll feel right at home.

2. Zen & Spirituality 

Looking to find yourself? Unwind with some yoga? How about spend some time with the man upstairs at the famous Chapel of the Holy Cross? It doesn’t matter your faith, Sedona offers a place for you to contemplate the big questions whether that’s during a hike to a vortex or at the non-denominational spiritual center Unity of Sedona.

3. Great Shopping & Food

Whether you’re looking for a new amethyst necklace & a vegan lunch, or some hiking gear and the best burger for miles, Sedona’s got a little something for everyone when it comes to food and shopping. Sedona offers amazing local & Native American artwork, clothing, jewelry, sporting goods, pet supplies, home décor, your standard grocery stores and so much more!

4. A Red-Rock Solid Investment

Sure the lifestyle is great, but for those of you ready to get down to the brass tacks, is Sedona really a good place to buy a home? In 2020 Sedona saw the average sale price of home rise by over 13%. The average sales price was $680,171. Get some additional current Sedona market trends here. So if you’re looking for a high-end real estate investment that you can enjoy and know you are making a great investment, Sedona real estate may be the choice for you!

Need more details when it comes to hunting down the perfect home in Sedona? Contact your Sedona real estate agents, The COLLINS TEAM, today at (928) 230-5168.

The post Top 4 Reasons to Live in Sedona, AZ! appeared first on The COLLINS TEAM.