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How are homes selling in Sedona? Although we're seeing some price stability, prices are still being driven downward due to continued high inventory. The average price per square foot of all homes sold January through August 2008 was $254; 11% less than the $285 average price per SqFt in the same period in 2007. Price per square foot in 2006 for this period was $303 or 16% higher than today. Remember this is the average; some homes have sold for the asking price while others sold for as low as 30% below the asking price depending on the circumstances and seller's motivation.
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