User83256_1_t Rick Wesselhoff
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Springtime is here in Sedona and with it come the travelers and sunseekers from all over the country.  This year we're also seeing a fair number of investors coming back to town due to the fantastic deals that can be had in just about every price category.   No matter what price range buyers look in... they'll find a smattering of underpriced homes that can only make them smile.  For a while it was the under $600k market that saw it's fair share of short sales and foreclosures, but now there are some in the $800-$1M range and some over $1M as well...  They're changing the look of Sedona real estate and if you're a buyer that's been waiting for an opportunity to purchase Sedona Real Estate on the cheap - then now's the time.  Future prospects for Sedona properties are still good - I wouldn't advise buying anything to "fix and flip" - but buying Sedona real estate for a long term investment now looks more intelligent than ever.  There is twice the inventory of a few years ago, and prices have come down 10-15%... so if you've been putting off your Sedona dreamhome,  don't wait much longer.  The real estate market like all markets are cyclical... it will come back - and 10 years from now you'll be able to laugh that you bought a home in Sedona for a song....

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2 Comments on Short Sales and Foreclosures changing the face of Sedona Real Estate

Thanks for the insight on Sedona. I am familiar with Scottsdale. How are the short sales in Scottsdale or is that even near you?

03/19/2008 11:30 AM by


Scottsdale is about 90 minutes south of us... so I can't really tell you the status of their market.  Sorry!!!

03/19/2008 11:43 AM by Rick Wesselhoff (Coldwell Banker First Affiliate)


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Real Estate Agent: Rick  Wesselhoff (Coldwell Banker First Affiliate)
Rick Wesselhoff
Sedona, AZ
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Coldwell Banker First Affiliate

Office Phone: (928) 340-5012
Cell Phone: (928) 301-2622
Email Me
This is meant to educate Sedona buyers and sellers so that they can make intelligent decisions. Written in a relaxed style, it's upfront and honest about the Sedona Real Estate Market.


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