Warning: include(/var/www/rrnweb/includes/joomla_init.php): failed to open stream: No such file or directory in /home2/rrnews/public_html/templates/redrocknews1.5/index.php on line 328

Warning: include(): Failed opening '/var/www/rrnweb/includes/joomla_init.php' for inclusion (include_path='.:/opt/php54/lib/php') in /home2/rrnews/public_html/templates/redrocknews1.5/index.php on line 328

Breaking News:

Close

Online Poll

Should police officers be allowed to show their tattoos?

Sponsored By:

Tlaquepaque Village

Habitat opens first Sedona home

Habitat opens first Sedona home

Thanks to her never-ever smile and the occasional tear, it was easy to tell how much the day meant to Shandra Ryan.That's because on Tuesday, May 19, she and her...

The heat of summer has passed us by and led us to the 2nd busiest time of year in the Sedona Real Estate market.  We'll be busy typically through the end of November and this year is shaping up to be no exception to that rule.  There is good news in the real estate arena for Sedona - mainly the number of available homes has decreased consistently and is down to the lowest level for several years.  Right now there are only 515 residential units on the market - a number that shows a 30% decline in the number of available homes over the last 3 years.  The number of available homes is actually less - because 55 of them are already in escrow (pending sale/tied up with another buyer).  We have a balanced supply of homes in the sub-$400k market here in Sedona - which means that at current sales levels we have less than a 6 month supply of homes.  Although our upper end of the market is healthy (with 16 sales already this year, we've surpassed the entire total of $1M+ sales for 2010) we do still have a 3 year supply of homes if the price is over $1M.

All in all, we're experiencing some signs of life in our current marketplace - and overall we're still a buyers market, but if you're looking to purchase a home for under $400k - the offerings are getting slimmer by the day.


Leave your comments

0
terms and condition.

People in this conversation

  • eyoungsedona

    The proper word is "passed", not past. Yikes.

Other Headlines

Hands-on programs help special ed. class
Hands-on programs help special ed. class

Despite decades of advocacy on their behalf, negative perceptions of students in special education p [ ... ]

City’s March tax report trends upward for annual r...
City’s March tax report trends upward for annual revenue

The first three-quarters of the fiscal year ended in March and the city of Sedona's recently release [ ... ]

More News

Latest Sports

D-Backs look for revenge for first of two losses

D-Backs look for revenge for first of two losses

Sedona’s only major league team in Little League competition scored its 10th victory against just two losses on the season Monday, May 18. The Diamondbacks didn’t have to swing for the...

Sedona Weather

Mostly cloudy

65°F

Sedona, AZ

Humidity: 29%
Wind: SSW at 10 mph
Monday
Partly cloudy
52°F / 76°F
Tuesday
Partly cloudy
53°F / 81°F
Wednesday
Partly cloudy
53°F / 83°F

Sedona Gas Prices

Lowest Gas Prices in Sedona
Sedona Gas Prices provided by GasBuddy.com