In the January 2009 Sedona real estate market we experienced a total of 16 closed house sales with a low of $125,000 and a high of $1,348,500. This is slightly ahead of last year for the same period. Dollar volume for newly contracted sales was also up from the previous month. The average selling price for closed sales during January 2009 was $484,000 and the median selling price was $369,000. Short sales and bank foreclosures continue to dominate the more affordable sector of the Sedona real estate market. While inventory has increased in the luxury sector of the market, values remain strong.
Only one closed land sale occurred in the Sedona real estate market as land sellers continue to deny the declining Sedona real estate values experienced in the housing market over the last two years.
The Sedona real estate market is showing signs of stabilization that is outpacing Arizona metropolitan areas because of its strong economic base, the international appeal of Sedonaís dramatic red rock beauty and small town resort lifestyle, and the historically low interest rates now available. Buyers longing for a higher quality of life during their retirement are recognizing that it is a great time to buy if you choose your market wisely.
Please review these statistical charts for an overview of the
Sedona Real Estate Market Trends.
Year To Date: 2008
New Sales by Dollar Volume
Closed Sales by Dollar Volume
Units Sold
Active Listings Bar Chart
Average Price Per Sqft (Sales YTD)
Previous Month's Closed Sales Summary
Sales Activity by Company
Coldwell Banker Market Share
If you would like any previous month's data, please e-mail Catherine at catherine@cbsedona.com
