"The homes currently for sale in Sedona are priced to sell.  The average price of a Sedona home is between $199-500k.  The opportunity to buy Sedona real estate has never been better!  Take this opportunity to browse my listings, Sedona homes for sale."  The Verde Valley has many real estate opportunities other than Sedona, for example, Cottonwood, Camp Verde, Cornville- homes for sale starting at 120k! 

Sedona Real Estate, "the most beautiful place to live in the country" according to USA Today.

Sedona Real Estate Information, provided by your local Sedona Realtor. Updated Information Courtesy of Trulia.com: Sedona Summary The median sales price for homes in Sedona AZ for Aug 09 to Oct 09 was $341,834. This represents a decline of 7.2%, or $26,666, compared to the prior quarter and a decrease of 16.1% compared to the prior year. Sales prices have depreciated 10% over the last 5 years in Sedona. The average listing price for Sedona homes for sale on Trulia was $962,481 for the week ending Nov 10, which represents an increase of 3.3%, or $30,357, compared to the prior week and an increase of 1.6%, or $15,504, compared to the week ending Oct 20. Average price per square foot for Sedona AZ was $189, a decrease of 15.6% compared to the same period last year. Inspiration comes in many forms, in Sedona it comes from our famous "Red Rock" views, endless outdoor activities (walking, hiking, climbing, fishing, biking, swimming) and art.  My name is Jay Bingham, your source for real estate information in Sedona and the entire Verde Valley.   I work with buyers and sellers in Sedona, Prescott, Cottonwood, Cornville, Clarkdale, Rimrock, Camp Verde & Lake Montezuma.  Real estate in Sedona has changed drastically in the last 10 years; improved construction, new and improved highways and local attractions including theater, art and music. Owning Sedona real estate will provide you with a solid investment, a place to retire, or a vacation getaway that will constantly leave you amazed and inspired. The inventory of available real estate (homes, vacant land and condos) are approaching record highs in Sedona/Verde Valley & Prescott. In order for SELLERS to remain competitive, they must lower their asking price.  The housing crisis has genuinely created a BUYERS MARKET and interest rates are approaching 40 year lows.  Most Sedona homes are surrounded by breathtaking views and have been built with quality construction.

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	Median Sales price	Number	Median Sales Price		Percentage
	1st Qtr. Jan-March	of Homes	1st Quarter	1st Quarter	change prior years
City/Community	2008	Sold	2007	2006	08-07	07-06
Sedona / VOC	$523,250	44	$591,700	$551,250	-11.57%	+7.34%
Cottonwood	$215,000	41	$229,750	$235,000	-6.42%	-2.23%
Camp Verde	$342,500	7	$297,670	$270,000	+15.06%	+10.25%
Clarkdale	$275,000	3	$322,000	$320,000	-14.60%	+.63%
Jerome	$0	0	$0	$258,500	$0	-100.00%
L. Montezuma/Rim Rock	$148,950	6	$220,000	$227,500	-32.30%	-3.30%
Cornville/Page Springs	$369,096	12	$345,000	$335,000	+6.98%	+2.99%

Buying in a Buyer's Market, SEDONA, ARIZONA.

• Lower sales price
  Sellers are more willing to wheel and deal because they know if they refuse to accept your purchase, they might not receive another. When fewer homes are selling, prices typically fall.

   

• Buyers can command concessions
  Buyers can ask sellers to pay their closing costs, providing their lender will allow the credit. Buyers can also expect sellers will pay for special reports such as pest inspections or roof certifications and a home warranty.

   

• Contingent offers are more acceptable
  Sellers are generally more agreeable to accepting a contingent offer that is dependent on the buyer selling the buyer's existing home. An offer in the hand is better than no offer at all.

   

• Request for repairs easily negotiated
  If the home is in need of repairs or updating its systems, sellers will often credit the buyer for the repairs or fix the problem(s) noted by a home inspector.

   

• Buyers control the transaction
  Buyers can ask for longer inspection periods, extend closing deadlines and ask for early possession -- terms that would be automatically rejected in a seller's market.