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.
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!
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.
So, Is It A Scary Market?
It all depends on your perspective!
Here are some quotes that may answer the question for you.
"Owning a home is a keystone of wealth...both financial affluence and emotional security."
- Suze Orman
“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
“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.”
As A REALTOR®, this quote from Jhonny Isakson seems to hit the mark for me!
“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