Nestled at the base of the two thousand foot high Mogollon Rim lies the culturally-rich town of Sedona, Arizona. The red rock formations, created by thousands of years of wind and water erosion, create spectacular views for residents as well as visitors to enjoy. The town remains relatively small (population just over 12,000) because the developable land area is surrounded and limited by the Coconino National Forest. Environmental groups, such as Keep Sedona Beautiful, strive to maintain the magnificent visual presence of the town. Even the MacDonalds franchise was not allowed to construct the famous golden arches, but rather used a southwestern turquoise color for their logo.
Sedona is second only to the Grand Canyon as a visitor destination in the State of Arizona. Many visitors fall in love with the breathtaking landscapes and decide that they must either move to Sedona or own a vacation home here. Home prices have declined signifigantly over the last three years. Condos are currently available starting under $200,000 in Sedona, and as low as $150,000 in the Village of Oak Creek. Even the luxury homes have come down in price as much as thirty percent. There is a large inventory of homes on the market, so it is a great time to buy in Sedona.