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Real Estate is Still a Bargain in Sedona

Posted By Wally Reule @ Aug 9th 2016 3:30pm In: Sedona Real Estate Market News

Bargain can be a relative term, but I thought it was interesting when I read that nationally the median sales price of an existing home hit an all time high earlier this summer. Compare that to our local market. Of course, Sedona is a very desirable place to live, but compared to national prices, we still have some very good deals. At the peak in 2007, the median sales price of a home in Sedona was $592,000, and today it's $450,000. The average price per square foot then was $292, and now it's $223. So what are you waiting for? It's a great time to buy your dream home in Sedona!


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