Sedona Real Estate
With only roughly 49% of Sedona, Arizona being privately owned, Sedona real estate is precious and not taken for granted. Coconino National forest owns the other percentage of land. Situated across the boundaries of the counties, Yavapai and Coconino, it is roughly 120 miles north of Phoenix and only 29 miles south of Flagstaff. Tourism is the main financial base and over the past decade, retirement, construction and vacation home acquisitions have been on the rise.
In the third quarter, the norm price for homes was $500,000, up over 31% from September 2004. The current median of land is $375,000 which increased in price for a year ago. The list of property remains steady and if you are searching for land to build on or a vacant home, there are lots of homes in the market to choose from, though a variety of homes are in the luxury market category and priced over a million dollars.
For people coming to Sedona, they would find a very easy transition into their new life in the town. The alternatives for the new resident include buying land and building their dream home or buying an already existing home. Certainly, condos are also available in the town.
The homes usually are varied and while some homes fit into the luxury market, the market is diverse so a new home owner would have several choices when it comes to the style and price of the home. Despite, how certain homes have appreciated in value, Sedona still remains a reasonable option when choosing a destination.
It’s no wonder, with mild weather year round that Sedona has increased in population throughout the years. Also, the Grand Sedona Canyon, one of the world’s seven wonders is only about 117 miles north of Sedona through some of the most scenic views you would ever experience. This attracts a lot of tourists from all over the world. It’s also renowned as a premier wedding destination and for those searching for spiritual awakening. While Sedona offers the people several things, it offers the real estate owner even more. There are organizations and clubs for almost every resident and there are several festivals and events held right through the year. The outdoor activities available in Sedona are incredible, including hiking, mountain biking, horseback riding and golfing. Wherever you interests lie, you’d be certain to find something to dwell in your time while living in Sedona.
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