April 2008 Sedona Real Estate statistics

Published by Rick on Tagged First Time Homebuyers, Home Buying, Sedona Market Trends

There are currently 528 homes and 115 condos on the market in the Sedona area (including VOC and Red Rock Loop areas).  Averaged out, the median home is a 3 BR, 2.5 bath home with 2379 square feet is priced at $679,900 and has been on the market for 111 days.  In the last 6 months, 92 homes have sold in the same area.  The profile of these sold homes is as follows… the average list price was $691,000, the avarage square footage was 2303, and it ended up selling for $635,991.  That makes the average difference from list price to sale price to be about 12%.  That’s a pretty high number…   And it makes the average price per square foot of sold homes down to $267 per square foot.  Again, remember that this is an average… so if the house has better than average views or is in better than average condition, be prepared to pay more!!!



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