Housing in and around the Sedona area is predominantly single family residences with fewer condominiums, apartments and manufactured homes. City planners project that in 2020 we will be 91% to 95% built out. Since much of the Sedona area is Forest Service land, there is limited space for new home development. The selling prices for homes and home-sites have increased steadily from 2003 to 2006 and they have leveled off in 2007 (see statistics below). Our prices are still very attractive when compared to places of equal allure like Jackson Hole, Aspen and Carmel etc. Our clients are enjoying some great values. Find out about a wealth of opportunities that you can take advantage of below.
Sedona received national recognition in May 2003 when USA Today Weekend reported that Sedona was voted the country’s no. 1 most beautiful place. Since that time Sedona has proven to be an impressive investment.
Please click on Sedona area info for more information on Sedona & the Verde Valley.
STATISTICS FOR THE GREATER SEDONA AREA
We have included numbers for two segments - the Luxury Market, valued at $1,000,000 or more for homes & $500,000 or more for home-sites and the Mainstream Market, valued at less than $1,000,000 for homes & less than $500,000 for home-sites as it gives a more realistic picture of our market. The median (the point at which half the prices are higher & half are lower) is used as it is generally thought to be a more reliable statistic than the mean or average price.
These numbers are for the Greater Sedona Area Real Estate Market which includes the City of Sedona (West Sedona, Uptown Sedona & Little Horse Park) & the unincorporated areas of Village of Oak Creek (includes Big Park), Red Rock Loop Road and Oak Creek Canyon.
PERIOD - 2003 TO 2007 & 4 QUARTERS OF 2007
ALL SINGLE FAMILY HOMES
MEDIAN SELLING PRICE
2003 $339,000
2004 $420,000 (up 24%)
2005 $528,713 (up 26%)
2006 $590,000 (up12%)
2007 $557,500 (down 6%)
Jan – Mar $591,850
Apr - June $567,500 (down 4%)
July- Sept $527,500 (down 7%)
Oct – Dec $500,000 (down 5%)
NO. OF SALES
2003 599
2004 591 (down 1%)
2005 582 (down 2%)
2006 386 (down 34%)
2007 254 (down 34%)
Jan - Mar 68
Apr - June 82 (up 21%)
July - Sept 56 (down 32%)
Oct – Dec 47 (down 16%)
MEDIAN DAYS ON THE MARKET
2003 130
2004 90 (down 31%)
2005 65 (down 28%)
2006 84 (up 29%)
2007 119 (up 42%)
Jan - Mar 124
Apr - June 92 (down 26%)
July – Sept 134 (up 46%)
Oct – Dec 107 (down 20%)
MEDIAN PRICE/SQUARE FOOT
2003 $167.26
2004 $200.34 (up 20%)
2005 $257.08 (up 28%)
2006 $290.67 (up13%)
2007 $274.11 (down 6%)
Jan – Mar $279.77
Apr - June $269.76 (down 4%)July- Sept
July – Sept $282.25 (up 5%)
Oct – Dec $262.08 (down 7%)
MAINSTREAM HOMES (Selling Price Less than $1,000,000)
FOR THE LAST 5 YEARS & FOUR QUARTERS 2007
MEDIAN SELLING PRICE
2003 $329,700
2004 $405,000 (up 23%)
2005 $508,250 (up 25%)
2006 $550,000 (up 8%)
2007 $520,500 (down 5%)
Jan – Mar $555,000
Apr - June $495,999 (down 11%)
July - Sept $475,000 (down 4%)
Oct – Dec $487,000 (up 3%)
NO. OF SALES
2003 576
2004 558 (down 3%)
2005 530 (down 5%)
2006 331 (down 38%)
2007 212 ( down 36%)
Jan - Mar 55
Apr - June 65 (up 18%)
July - Sept 47 (down 28%)
Oct – Dec 44 (down 6%)
MEDIAN DAYS ON THE MARKET
2003 127
2004 88 (down 31%)
2005 60 (down 32%)
2006 77 (up 28%)
2007 114 (up 48%)
Jan - Mar 123
Apr - June 87 (down 29%)
July - Sept 122 (up 40%)
Oct – Dec 128 (up 5%)
MEDIAN PRICE/SQUARE FOOT
2003 $164.98
2004 $197.33 (up 19.6%)
2005 $252.30 (up 27.9%)
2006 $285.38 (up 13%)
2007 $263.46 (down 8%)
Jan - Mar - $271.85
Apr – June - $261.88 (down 4%)
July – Sept - $273.15 (up 4%)
Oct – Dec $257.14 (down 6%)
LUXURY HOMES (Selling Price $1,000,000 or more)
FOR THE LAST 5 YEARS & FOUR QUARTERS 2007
MEDIAN SELLING PRICE
2003 $1,400,000
2004 $1,225,000 (down 13%)
2005 $1,250,000 (up 2%)
2006 $1,245,000 (down 0.4%)
2007 $1,317,500 (up 6%)
Jan - Mar $1,260,000
Apr – June $1,500,000 (up 19%)
July – Sept $1,395,000 (down 7%)
Oct – Dec $1,205,250 (down 14%)
NO. OF SALES
2003 23
2004 33 (up 43%)
2005 52 (up 58%)
2006 55 (up 6 %)
2007 42 (down 24%)
Jan - Mar 13
Apr - June 17 (up 30%)
July - Sept 9 (down 47%)
Oct – Dec 3 (down 67%)
MEDIAN DAYS ON THE MARKET
2003 227
2004 184 (up 19%)
2005 133 (down 28%)
2006 130 (down 2 %)
2007 167 (up 28%)
Jan - Mar 169
Apr - June 125 (down 26%)
July - Sept 205 (up 64%)
Oct – Dec 66 (down 68%)
MEDIAN PRICE/SQUARE FOOT
2003 $294.47
2004 $345.95 (up 17.5%)
2005 $324.87 (down 6.1%)
2006 $378.66 (up 17%)
2007 $370.83 (down 2%)
Jan - Mar $359.38
Apr – June $373.13 (up 4%)
July – Sept $388.28 (up 4%)
Oct – Dec $375.00 (down 3%)
CONDOS & TOWNHOMES FOR THE LAST 5 YEARS & FOUR QUARTERS 2007
MEDIAN SELLING PRICE
2003 $205,475
2004 $279,000 (up 33%)
2005 $312,000 (up 12%)
2006 $389,950 (up 25%)
2007 $350,000 (down 10%)
Jan - Mar $325,000
Apr - June $365,000 (up 12%)
July - Sept $394,000 (down 8%)
Oct – Dec $263,000 (down 33%)
NO. OF SALES
2003 154
2004 129 (down 16%)
2005 111(down 15%)
2006 86 (down 23%)
2007 59 (down 31%)
Jan – Mar 10
Apr – June 23 (up 130%)
July – Sept 15 (down 35%)
Oct – Dec 11 (down 27%)
MEDIAN DAYS ON THE MARKET
2003 90
2004 60 (down 33%)
2005 31 (down 48%)
2006 68 (up 119%)
2007 98 (up 44%)
Jan - Mar 110
Apr - June 77 (down 30%)
July - Sept 120 (up 56%)
Oct – Dec 130 (up 8%)
MEDIAN PRICE/SQUARE FOOT
2003 $162.78
2004 $195.41 (up 20%)
2005 $255.02 (up 30.5%)
2006 $285.38 (up 12%)
2007 $295.17 (up 3%)
Jan - Mar $314.81
Apr - June $313.33 (down 0.4%)
July - Sept $254.64 (down 19%
Oct – Dec $295.17 (up 16%)
MANUFACTURED HOMES FOR THE LAST 5 YEARS & FOUR QUARTERS 2007
MEDIAN SELLING PRICE
2003 $139,000
2004 $156,500 (up 13%)
2005 $258,000 (up 65%)
2006 $282,000 ( up 9%)
2007 $235,000 (down 17%)
Jan - Mar $222,950
Apr - June $222,500 (up 0.2%)
July - Sept $250,000 (up 12 %)
Oct – Dec $205,000 (down 18%)
NO. OF SALES
2003 47
2004 66 (up 40%)
2005 51 (down 23%)
2006 33 (down 35%)
2007 36 (up 9%)
Jan – Mar 10
Apr - June 4 (down 60%)
July – Sept 13 (up 225%)
Oct – Dec 9 (down 31%)
MEDIAN DAYS ON THE MARKET
2003 113
2004 127 (down 12%)
2005 42 (down 67%)
2006 80 (up 90%)
2007 102 (up 28%)
Jan – Mar 82
Apr – June 50(down 39%)
July – Sept 180 (260%
Oct – Dec 109 (down 40%)
MEDIAN PRICE/SQUARE FOOT
2003 $107.64
2004 $124.46 (up 16%)
2005 $170.35 (up 37%)
2006 $214.67 ( up 26%)
2007 $186.72 (down 13%)
Jan - Mar $167.59
Apr - June $202.05 (up 21%)
July - Sept $201.39 (down 0.3 %)
Oct – Dec $141.84 (down 30%)
ALL HOME SITES FOR THE LAST 5 YEARS & FOUR QUARTERS 2007
MEDIAN SELLING PRICE
2003 $180,750
2004 $225,000 (up 24%)
2005 $375,000 (up 67%)
2006 $517,000 (up 38%)
2007 $350,000 (down 32%)
Jan – Mar $280,000
Apr - June $306,250 (up 9%)
July - Sept $365,000 (up 19 %)
Oct – Dec $440,000 (up 21%)
NO. OF SALES
2003 388
2004 429 (up 11%)
2005 334 (down 22%)
2006 116 (down 65%)
2007 69 (down 41%)
Jan – Mar 13
Apr - June 22 (up 69%)
July – Sept 20 (down 9 %)
Oct – Dec 14 (down 30%)
MEDIAN DAYS ON THE MARKET
2003 167
2004 197 (up 18%)
2005 83 (down 58%)
2006 88 (up 6%)
2007 196 (up 123%)
Jan – Mar 196
Apr - June 214 (up 9%)
July – Sept 146 (down 32 %)
Oct - Dec 204 (up 40%)
MAINSTREAM HOME SITES (Selling Price Less than $500,000)
FOR THE LAST 5 YEARS & FOUR QUARTERS 2007
MEDIAN SELLING PRICE
2003 $179,000
2004 $216,450 (up 21%)
2005 $329,000 (up 52%)
2006 $325,000 (down 1%)
2007 $282,500 (down 13%)
Jan – Mar $270,000
Apr - June $277,750 (up 3%)
July – Sep $307,500 (up 11 %)
Oct – Dec $330,000 (up 7%)
NO. OF SALES
2003 371
2004 400 (up 8%)
2005 249 (down 38%)
2006 53 (down 79%)
2007 50 (down 6%)
Jan – Mar 11
Apr – June 16 (up 45%)
July – Sept 14 (down 25 %)
Oct - Dec 9 (down 36%)
MEDIAN DAYS ON THE MARKET
2003 165
2004 190 (up 15%)
2005 73 (down 62%)
2006 126 (up 73%)
2007 196 (up 56%)
Jan – Mar 196
Apr – June 191 (down 3%)
July – Sept 146 (down 24 %)
Oct – Dec 207 (up 42%)
LUXURY HOME SITES (Selling Price $500,000 or more)
FOR THE LAST 5 YEARS & FOUR QUARTERS 2007
MEDIAN SELLING PRICE
2003 $567,500
2004 $590,000 (up 4%)
2005 $600,000 (up 2%)
2006 $680,000 (up 13%)
2007 $650,000 (down 2%)
Jan – Mar $794,000
Apr – June $547,500 (up 31%)
July – Sept - $650,000 (up 19 %)
Oct – Dec $650,000 (no change)
NO. OF SALES
2003 17
2004 29 (up 71%)
2005 85 (up 193%)
2006 63 (down 26%)
2007 19 (down 70%)
Jan – Mar 2
Apr – June 6 (up 200%)
July – Sept 6 (no change)
Oct – Dec 5 (down 17%)
MEDIAN DAYS ON THE MARKET
2003 255
2004 220 (down 14%)
2005 91 (down 59%)
2006 70 (down 23%)
2007 249 (up 256%)
Jan – Mar 342
Apr – June 262 (down 23%)
July – Sept 240 (down 8%)
Oct – Dec 84 (down 65%)
CUSTOMIZED LISTING SERVICE
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REAL ESTATE/RELOCATION INFORMATION
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WEALTH OF OPPORTUNITIES
Click HERE or phone us at (928) 254-8888 if you would like to receive more information about any properties or the following opportunities. We have an electronic brochure that we can send by e-mail or if you would prefer, we will send you a brochure by regular mail.
THE AERIE IN SEDONA
The Aerie I consists of 41 unimproved Home Sites on 100 acres and Aerie II, 33 unimproved Home Sites on 76 acres. The Aerie is an exclusive subdivision with “encouraged architectural controls & standards”. The goal is to have a great collection of architecture at The Aerie. It is located off Boynton Canyon Road (just past the road to Enchantment Resort) and offers 2 to 3 Acre Home Sites. The Aerie is surrounded by the Coconino National Forest & will have an exquisite water feature. The Aerie I has views of Capitol Butte & Chimney Rock and distant views of Cathedral Rock. Aerie II is located directly below Cockscomb Mountain with panoramic views of Capital Butte, Cathedral Rock & Castle Rock. Prices start at $725,000. The Aerie has proven to be popular with fourteen lots already sold in the first releases.
PEDREGAL DE SEDONA
Pedregal de Sedona is an enclave of five home sites minutes from the heart of Sedona. It offers fabulous Cathedral Rock and Mogollon Rim views for as far as the eye can see, abundant wildlife and native high desert vegetation. It is a gated community off Red Rock Loop Road that borders the National Forest. The home sites range in size from 0.80 to 1.31 acres. A beautiful paver driveway is installed along with underground facilities. A shared well with service to each parcel is already in place. You're sure to be impressed by the work that's already been done in preparation for your custom home. Lot 1 is sold and Lots 2-5 are still available.
THE ELEMENTS ON OAK CREEK
Buy something that will last a lifetime. The Elements on Oak Creek is a development consisting of five large Estate lots located in a luscious valley where water abounds. Ten minutes drive from Sedona, but a world apart, the property has been planned to allow for privacy, view and space. A newly discovered well is feeding a continuous flow of moving water into two lakes connected by a creek designed to incorporate pools, rocks and waterfalls. Utilities are available at each building site, and access to each property is gained through private gates. The location of each building site has been carefully selected to maximize the potential of each individual lot and the enjoyment of the water features that characterize each of the lots. To reflect the unique quality of its landscape, each lot has been named for one of the five Elements – Water, Wood, Fire, Metal and Earth. Every single one stands alone in its own individuality, yet is part of a Master Plan conceived to respect and improve the ecological balance of this beautiful valley. 4.5 to 6.5 Acres ranging in price from $675,000 to $935,000. Metal, Fire, Earth & Water are still available.
PARK PLACE IN SEDONA
Park Place is a new luxury Condominium Community located in West Sedona. It is located East of the Red Rock High School on the outskirts of Sedona. A master-planned community designed by Don Woods, the same architect who designed the popular “Cottages At Coffee Pot”. When Park Place is completed the community will have a total of 88 condominiums with elevator service in each of the fourteen buildings. The community will be ideal for those who desire “carefree maintenance” on the exterior portions of their property and yet enjoy the privacy one would expect from a home. The community will have a gated electronic entry, single level floor plans, and wonderful north panoramic views. There are 5 different floor plans ranging in size from 1718 to 2275 Square Feet. Prices start at $725,000 and Phase 1 is now available with the first buildings expected to be completed very soon.
SEVEN CANYONS IN SEDONA
The centerpiece of this world class private destination club & spa is the 18-hole Seven Canyons golf course designed by Tom Weiskopf. It debuted in 2002 and has earned lots of kudos including being named one of the country’s “Top 10 New Private Courses” by Golf Digest. Golf Week puts the course at No. 5 among new courses in the US and Links magazine named it one of the world’s 120 finest golf communities. Golfer Magazine called the course one of the best “new” courses in the world. There are plans for a Village at the heart of Seven Canyons that will complement the golf course and provide all the amenities you would expect from this caliber of course. It will feature fine & casual dining, a members’ lounge, event rooms, golf shop, locker facilities, a holistic Spa & Wellness center with fitness facilities and a Swim & Tennis Club. There are also plans for casitas for use by members and their guests and a family center that will serve as an entertainment facility for children & teenagers. There are 3 ways that you can become a member of the Seven Canyons Community: Club Membership entitles you to an exclusive, year-round access to the golf Course as well as the future Spa, Fitness Center & Tennis Club. There will be a total of 311 Club Memberships. A villa membership entitles the owner to golf privileges while the owner is “in residence” at Seven Canyons.
MOUNTAIN GATE IN CLARKDALE
Mountain Gate is a new Subdivision located at the corner of 11th and Highway 89A (Jerome/Clarkdale intersection). It will feature 116 Townhomes (3- & 4-plexes 1100 to 2300 Sq. Ft.), 225 Cottages (1600 to 3000 Sq. Ft.), 175 Single Family Homes (2000 to 3300 Sq. Ft.) and 60 Custom Home lots. It is 30 minutes from Sedona. This subdivision has views including distant red rock views. Mountain Gate is an Empire Companies Master Planned Community located in Clarkdale, home of the historic Verde Railroad. It is located at the corner of 11th and Hwy 89A – Jerome/Clarkdale intersection). It is 7 miles from cottonwood and 23 miles from Sedona. It offers panoramic views of mountains surrounding the valley. Mountain Gate has a wide variety of floor plan choices and 3 series of homes. Prices start at $174,000 for an 1100 Sq. Ft. Townhome.
HIGHLANDS IN CLARKDALE
This is a great opportunity to buy land in a new multi-zoned community starting in the low $100,000’s. It is located of Hwy. 89A (enter by Scenic Drive & Mescal Spur Road) in the Clarkdale. All utilities are underground (except for existing power lines) with city water and a community sewer plant. The lots range in size from 0.16 to 0.57 acres with views of Mingus Mountain and Sycamore Canyon red rocks.
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