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    Sedona.Biz – The Voice of Sedona and The Verde ValleySedona.Biz – The Voice of Sedona and The Verde Valley
    Home » Sedona Real Estate TRENDS
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    Sedona Real Estate TRENDS

    June 29, 2013No Comments
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    Is it Time to Buy Vacant Land in Sedona?

    By Elisa Andreis J.D.,
    20130629_svvreRuss Lyon Sotheby’s
    International Realty of Sedona

    Sedona AZ (June 29, 2013) – Vacant Land prices have dropped from a median high of $590,000 in 06 to $127,500 today. Put in another way, land today can be purchased at a 78% discount from the 2006 peak and at a 37.5% discount from 2003 levels.

    Average prices rose 24% from a month ago. It will take a few more months of data through the summer to get confirmation of the uptrend.

    20130629_svvre1

    Land inventory

    The overhang of land inventory remains high with 319 listed properties by the end of May 2013. This compares with 335 listed vacant land lots a year ago and represents a decrease in inventory of 5%.

    Land inventory is off by 32% since an all time high of 470 in 2009.

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    20130629_svvre2

    Sale Volume

    Sale volume has picked up significantly since the beginning of the year with 16 sales in April and 18 sales in May, the best showing since 2006.

    20130629_svvre3

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

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    The Sad Lesson of Tyre Nichols
    By Tommy Acosta
    Having grown up in the mean streets of the Bronx there is one lesson we learn early on, and that’s don’t mess with the cops when they got you down, and outnumbered. The beating of Tyre Nichols at the hands of the police preceding his death at the hospital could have been avoided if only he had the sense to not resist them. People fail to understand that on the streets, cops are basically “God.” You can’t fight them. If it takes one, two, five, ten or twenty officers they will eventually put you down and hurt you if they have to in the process of detaining or arresting you. In the Bronx we would fight amongst ourselves but when the cops came it was “Yes, officer. No, officer,” and do our best to look as innocent as possible. People need to understand that cops on the street represent the full power of the state and government. Read more→
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