There's no doubt that Sedona real estate buyers are getting great deals in the current marketplace - with home prices starting at $200k. The most popular segment of the market is under $400k - and we've seen a major upswing in activity and a dip in inventory for these homes recently. These prices reflect a serious shift in pricing and allow many more interested buyers to become Sedona homeowners. Although distressed properties make up about 19% of our inventory of available homes, they account for almost 40% of sales. So, you're getting a good price, but there is probably a reason there's a good price - so look closely. Many homes in the lower price ranges will need some love (call your contractor or handyman) - so be prepared when purchasing these good deals. Taking into account what it will cost to upgrade these homes they're still a good deal - but be warned... they're selling quicker now than any time in the last few years!!!
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