Sedona, Arizona Housing Market

Pulling up averages over the past five years in Sedona for homes under one million, statistics show the value of homes rise approximately (13%) per year. Because each home is custom and the views, construction, lot size and location vary, this number could be higher. The two strongest years were 2004 (17%) and 2005 (22%). 2006 did not reflect as many home sales as the previous years but still showed an increase of (9%). Based on this information, if you were to buy a home today for $400,000, in the year 2011 it would conservatively be worth $660,000. For projected up-to-date information please read the following article. http://www.realtor.org/press_room/news_releases/2007/gradual_rise_projected_for_home_sales.html