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Vacant Land in Sedona is Still a Bargain

Posted By Wally Reule @ Jan 22nd 2018 2:10pm In: Sedona Real Estate Market News

As I've lamented in the past, the inventory of Sedona homes for sale in the $450,000 - $650,000 range is at an all time low. And when a good one comes on the market, it will often get multiple offers within the first couple of days. Just yesterday I showed clients a home that was available in the morning, they loved it and were ready to write an offer, but by the time we got back to the office, it was under contract. One of the lessons here is that in this market, you may have to build a home in order to get what you want.

The good news is that land prices still have not fully recovered form the 2008 crash, and offer a lot of value. A great example is our listing in Cross Creek Ranch. The sellers paid $600,000 for it way back, and now it's available for only $194,500. Check it out!

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365 Cross Creek
Sedona, AZ

MLS# 510886 - Land

Creek front property in AZ's high desert, in a gated community with acreage & red rock views is RARE!! This property has what most new home buyer's to Sedona want on their "must have" list, i.e. creek front access, privacy, views & easy access to hiking trails. Underground utility wires protect the pristine nature of this area. It's only a short 10-15 minute drive to Sedona or Cottonwood & all the amenities the Verde Valley offers. Best of all, imagine a home nestled in the middle of nature with decks off all the living spaces giving you a front row seat to panoramic views and the sounds of the creek. Health issues make it imperative for Owners to sell now. Lot purchased at height of market for $600K+. Take advantage of this price reduction & build your dream home - NOW!!

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