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    Home » Sedona Real Estate TRENDS
    Sedona

    Sedona Real Estate TRENDS

    May 24, 20131 Comment
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    What happened to Sedona’s real estate inventory?

    By Elisa Andreis J.D.,
    Russ Lyon Sotheby’s International Realty of Sedona

    photo_elisaandreisx144Sedona AZ (May 24, 2013) – Sedona residential inventory peaked in September 2008 with 760 listed properties. The lowest reading was in September 2004 at 233.

    At the end of April, residential inventory level was at 378 units and in spite of 2 consecutive monthly increases that can be attributed in part to the seasonal uptick of new listed properties in early spring, the trend line indicates a steadily shrinking supply.

    There is a definite correlation between inventory and price levels. Inventory is an important leading indicator of future price movement. In Sedona, inventory bottomed in the 4th quarter of ‘04 and prices peaked in the fourth quarter of ‘06.

    Prices started stabilizing and improving in mid 2011 while inventory was at 2002-2003 levels. It is safe to say that as long as inventory is in decline, prices will continue to improve.

    20130524_realestate1

    Real estate SALE VOLUME in Sedona

    Sedona Gift Shop

    Volume of sales, after experiencing a sharp decline, has nearly doubled since 2008 and is showing signs of gradual improvement. 45 residential properties sold in Sedona in April 2013 and due to seasonal activity sales are expected to increase into early summer.

    In theory, as sales volume increases, inventory declines and prices eventually go higher. The reality is a little more complex as higher sales volume also attracts sellers who bring new properties on the market and add to the inventory.

    The net effect of the feedback loop is not as conclusive as one would think but volume still needs to be watched closely as it is a reliable indicator of buyers’ activity.

    20130524_realestate2

    For more information about Sedona Real Estate and to Search for properties, visit www.SedonaFineHome.com or call (928) 274 1521

    1 Comment

    1. Gary Mialocq on May 28, 2013 7:04 am

      The rate of pre-foreclosures, foreclosures, and auctions continues unabated. Lenders have not yet completed their raid on the properties and equity of the American people. Go to Zillow and type in 86336 or 86351 and you will see an unbelievable amount of land and homes unavailable due to this continuing civil conspiracy.

      Then try to purchase a home. Under the guise of the Patriot Act, you are required to give information so invasive and private, that privacy will leave your vocabulary forever. You will have to provide copies of checks and written documentation of every deposit you have made for the past 3 years, even such mundane things as a refund from a shoe store.

      The American dream has become a nightmare.


    The Symbolism of Jan. 6

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    Don’t mess with symbols. Just ask author Dan Brown’s character Robert Landon. The worth of symbols cannot be measured. Symbols make the world-go-round. Symbols carry the weight of a thousand words and meanings. Symbols represent reality boiled down to the bone. Symbols evoke profound emotions and memories—at a very primal level of our being—often without our making rational or conscious connections. They fuel our imagination. Symbols enable us to access aspects of our existence that cannot be accessed in any other way. Symbols are used in all facets of human endeavor. One can only feel sorry for those who cannot comprehend the government’s response to the breech of the capital on January 6, with many, even pundits, claiming it was only a peaceful occupation. Regardless if one sees January 6 as a full-scale riot/insurrection or simply patriotic Americans demonstrating as is their right, the fact is the individuals involved went against a symbol, and this could not be allowed or go unpunished. Read more→
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