A Look Back... "Buying Sedona Real Estate Doesn't Have To Be Scary!"

By
Real Estate Agent with Coldwell Banker Realty NRDS # 146013739

Buying or Selling Sedona Real Estate Does Not Have To Be Scary! 

I happen t be looking back at blogs that might provide me with some Halloween inspiration and I came across a blog that I did back on October 29th, 2016... exactly 5 years ago today.  I thought back on that buyer's market and some of the listings I had and how things have changed.  I was working for a different brokerage back then. I was actively being recruited to work for Coldwell Banker Realty as well.  The timing was right and I made the move in January 2017.  All for the better, I might add!

Here is the ad that I had right before Halloween. Back in 2016, buyers were able to get very good discounts on property.  Two of the properties in this ad were pulled off the market in 2017 because there were no offers made.  It was a tough market. 

2016 Sedona real estate ad for Halloween

I thought I would compare the 2016 market with the current Sedona market.  These were my listings so I know the properties well.  You can see the list prices above.  Each of those properties sold for much less and a couple didn't sell at all!

Sedona Real Estate Listing Comps 2016-2021

Of these listings,  I listed 2025 Whippet once and sold it twice!  The only other property that has made significant improvements has been 11 Meadow Lark.  The original buyer made a lot of improvements and it is a daily-weekly rental today.  This property is in a prime location with easy access to all areas of Sedona. 

 

Happy Halloween Coldwell Banker Realty Sheri Sperry 928.274.7355

 

So, Is It A Scary Market?

It all depends on your perspective!

Here are some quotes that may answer the question for you.

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"Owning a home is a keystone of wealth...both financial affluence and emotional security."

- Suze Orman

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“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” ―Franklin D. Roosevelt

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“The best investment on Earth is earth.”

―Louis Glickman, Real Estate Investor, and Philanthropist

“Don’t wait to buy real estate, buy real estate and wait.”

―Will Rogers

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As A REALTOR®, this quote from Jhonny Isakson seems to hit the mark for me!

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“In the real estate business you learn more about people and you learn more about community issues, you learn more about life, you learn more about the impact of government, probably than any other profession that I know of.” ―Jhonny Isakson

spooktacular Hollween

Comments (17)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good afternoon Sheri,

It is all about perspective and how we chose to look at things.  I remember this as the first think I leaned in art class.  A

Oct 29, 2021 02:24 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri, Sedona has definitely seen a huge increase in home values, and you made a great decision to go with Coldwell Banker.

Oct 29, 2021 03:22 PM
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Hi Sheri very interesting look back to 2016.  And it truly is all about how one choses to view each situation.  Happy Halloween!

Oct 29, 2021 03:55 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ron and Alexandra Seigel - It is important to remember that we should be keenly aware of the perspective of others.  Enjoy this Halloween weekend!

Oct 29, 2021 04:31 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Joan Cox - Thank you! I love the people I work with.  It is about being a team.  Happy Haunting!

Oct 29, 2021 04:35 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Anna Banana Kruchten CRS, CRB, Phoenix Broker - It does us good to understand both the buyer and seller perspective. Have a fang-tastic weekend!

Oct 29, 2021 04:37 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Sheri- it's interesting what you find when you take a look back What a great idea to share this perspective with your readers.   Love it!

Oct 29, 2021 05:43 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Sheri Sperry - MCNE®  Amazing what time can do and what changes it puts as through 

Oct 29, 2021 06:35 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Sheri - a trip through our personal AR archives, can definitely provide some perspective and perhaps a snicker or a shriek(some other remembrances too) of real estate "back then".  Things, especially in the world of realty, are constantly changing.  

Oct 30, 2021 03:32 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

No doubt about it, 'change' is our one constant we can depend on.  To fight it or ignore it can be very costly.  Mark

Oct 30, 2021 04:47 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Sheri - times are always changing and, as you say, it is a matter of perspective.  In November 2016, we bought our Florida house.  I don't think it was a buyers market there.

Oct 30, 2021 04:57 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your marketing has always been top-notch and continues to be the best of the best.

Oct 30, 2021 05:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Sheri... I've been gradually cleaning out old client files and it is interesting to go down memory lane about market conditions going back 5, 10, 15 years. Charlotte has been pretty much a seller's market since 2016, but 5 years ago you could still negotiate a bit.

Oct 30, 2021 08:04 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri loved your post and again it takes a seasoned Realtor to give such great advice. Diane I were talking we bought out home seven years ago and had the conservative Appraisor from the bank come out with the upgrades etc nothing to be ashamed of what the current value is.... I keep telling buyers Real Estate in the long run is a great investment...Endre

Oct 31, 2021 10:38 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

What a great idea! Making special seasonal videos for your business.

Nov 01, 2021 05:18 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I think I should have my doctorate in psychology after 22 years in this business Sheri...

Nov 04, 2021 07:20 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri:

What a fun, and insightful, look back to Halloween 2016. My how things have shifted in 5 years. Neat Halloween video!

Jeff

Nov 14, 2021 03:39 PM