Sharp increase in Sedona Real Estate Sales

Experienced real estate buyers occasionally miss the boat when markets rebound – but with accurate information there’s a chance that you too can swoop in on the bottom of Sedona’s market.  There are several phases to a real estate cycle – including:

1)  Declining prices and increasing inventory (number of homes on the market)

2)  Declining prices and inventory levels stabilizing

3)  Prices stable and inventory stable

4)  Increasing prices and inventory shrinking

5)  Prices Stable and inventory rising

Looking back on the past few years in Sedona Real Estate, it’s easy to see now that the years 2004-2006 we were in Stage 4… prices were rising and inventory was low.  In early 2006 the prices started to level off and inventory grew… substantially – so we rode out 2006 in phase 5.  By 2007 prices had started to come down, so we’d entered into phase 1 of this cyclical market.  At 2007 years end/start of 2008 the local real estate market showed signs of inventory stabilization, but prices were still falling.  Right now we’re in Phase 3… due to a leveling off of the inventory and recent increase in sales.  I don’t anticipate any price increases (Phase 4) over the next year, but I see inventory declining as intelligent buyers cash in on this market bottom.  Long term prospects for Sedona real estate are still high… as we sit in an area different from the rest of the country – and our private property expansion is limited by being surrounded by National Forest.  If you’ve been thinking and waiting for the right time…. don’t let 2009 pass you buy – because most experts feel that you won’t ever see pricing like this again in the Sedona marketplace.

April 1st, 2009