Years ago sales dipped in the winter months and there wasn't much activity in vacant land or home sales in the months of December and January. Times have changed and winter of 2014 and winter 2015 are proving to be very busy times for Sedona area real estate agents. January sales stats for Sedona show that it was the busiest in 4+ years (in sold homes) and there's no end in sight. Vacant land and Residential sales were up 16% for the month of January and prices are on the rise too.
Residential Real Estate market: As of today, there have already been 56 home sales in Sedona and there are a whopping 59 additional already in escrow with buyers. The bottom end of the market is moving quickly as the majority of the home sales have been under $400k. That's not to say that the other segments aren't moving - for instance - the upper end of the market ($1M+ homes) is also red hot - with 4 closed sales already this year and an additional 2 in escrow. Compare that to the last year with just one Million+ home sale in January... Prices are starting to creep upwards, as evidenced across the board in the following table. Price per square foot is up to $228 (although to be honest, with only one month sales in the books, this might downshift when there is more data at the end of February. Have a look and call your agent if you have questions about the best time to put your house on the market!
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