• Average prices for all Sedona residential property (excluding condos) that sold during 2008 decreased approximately 14% compared with 2007. However, average prices remain 40% higher than 2003.
  
• Average Sale Price: 2008 $592,570; 2007 $691,551; % Change -14.3%
  Average Price/Square Foot: 2008 $258.13; 2007 $297.28; % Change -13.2%
  
• In Sedona's $1Million plus luxury market the median price of sold homes during 2008 increased 3.9% compared with 2007, while the average price per square foot (probably a better measurement) increased only slightly. While sales volume in this segment of the market has dropped back to 2003 - 2004 levels, prices have generally continued to trend up, with the median price in 2008 25% higher than 2003.
  
• Median Sale Price: 2008 $1,377,897; 2007 $1,326,280; % Change +3.9%
  Median Price/Square Foot: 2008 $371.84; 2007 $359.33; % Change +3.5%
  
• At the other end of Sedona's market (homes selling under $500,000) the number of transactions increase 17%, while the average price of homes sold dropped 7.5% from 2007.
  
• Average Sale Price 2008: $364,813; 2007 $394,277; % Change -7.5%
• Average Price/Square Foot: 2008 $201.11; 2007 $235.33 % Change-14.5%
  
• Prices in the middle of the market (sales between $500,000 and $1,000,000) decreased 2.8%.
  
• Average Sale Price 2008: $651,901; 2007 $670,384; % Change -2.8%
  Average Price/Square Foot: 2008 $256.14; 2007; $278.27; % Change; -8.0%
  
  
  
  
  ZIP Codes: 86336, 86351
  

All real estate agents on the list above are members of the Sedona Verde Valley Association of REALTORS®, which you may verify by clicking on their site. Find a Sedona REALTOR®, serving the entire Verde Valley area property market for homes in Northern Arizona.

• Buyers - Find the home (or lot) of your dreams surrounded by the Sedona’s red rocks.
  Use the MLS - Multiple Listing Service - Select a Sedona Homes Relocation Specialist.
  If you are looking for a Sedona Home, try a Sedona homes agent from the list.
  Search for homes in Sedona, West Sedona, Chapel Area, Red Rock Loop area, Big Park, Village of Oak Creek - VOCA, Oak Creek Canyon, Cornville, Clarkdale, Cottonwood, and Camp Verde.
  Call one of the real estate brokers listed above.
  
• Sellers - Get top dollar for your sale.
  For residential real estate agents selling a condo, condominium, cottage, duplex, fixer-upper, ranch, house, luxury home, townhouse, patio home, single-family reside