Happy New Year! 2018 has arrived, and it’s at this time that we look back over the real estate trends that shaped the market here in Sedona in 2017, and based on that information, look ahead to what 2018 holds.

The number of homes sold in the Sedona area during 2017 was 10% over what was sold in 2016! While this is more sales that we have had in over 7 years, it is also contributing to our low inventory, which is the lowest in 15 years and is causing prices to increase. As we mentioned mid-year in 2017, this is a much healthier, gradual increase over the past 7 years. We believe that the low inventory will continue as 2018 progresses.

The number of homes sold in the $300k to $500k range continues to be quite healthy. What we saw in 2017 though, which was a bit of a surprise, was that the homes that were sold in the $500k to $800k range were nearly the same. With most of the inventory in that price range, this was a big boost to the overall health of the real estate market here in Sedona. The luxury home market (homes over $1Mil) also saw a substantial increase in the number of sales over 2016 by 52%! We did see the days on market slightly increase by 19% for those luxury homes though, to 315 days.

Currently, the median home price in Sedona is $525,000. With our low inventory, and the healthy, gradual increase in prices, 2018 promises to be an active year for real estate in Sedona. We are here for all your real estate needs. Please don't hesitate to contact us with any questions or if you would like more information. Your RE/MAX Sedona Real Estate Professionals have the experience to get the job done.

We are here for all your real estate needs. Please don't hesitate to contact us with any questions or if you would like more information.

Call us now at (928) 282-4166 to talk with an agent!

RE/MAX Sedona professionals are the most productive among the Sedona's and Verde Valley’s real estate companies. Our Sales Volume per Agent during 2016 is considerably greater than other real estate agents which shows how effective we are in achieving our clients’ goals. Serving Sedona buyers and sellers requires dedication and a high degree of commitment.

Our outstanding service to our clients is why RE/MAX Sedona's clients bring us their repeat business and refer family and friends. Simply put, they're happy with our performance and thrilled with the results. When you choose RE/MAX Sedona, you will be too!

Call us now at (928) 282-4166. Our office is open seven days a week ... and we answer our phones.