Sedona’s Real Estate market is always exciting, however so much is in the news in the real estate market that you don’t know what data to trust- well, the National Association of Realtor’s has some very interesting news of late, not just in home prices but also in their report detailing the social aspects of housing.
Homeownership and Stable communities go hand in hand: As we wrote back in March – homeownership offers great benefits - not just the tax benefits that you always hear about!
Most of us know, generally the higher the level of homeownership in a neighborhood, generally crime is lower and the general quality of life is higher. NAR’s latest report “Social Benefits of Homeownership and Stable Housing” goes further than this, it says that because homeowners are more active in their communities there are improved education opportunities and a higher level of happiness! As homeowners less frequently than renters, therefore they are embedded into the same neighborhood and community for longer. This allows for social cohesion within the area. This improves the quality of life for all in the community – Sedona has a very high quality of life on offer for its residents! Hence why it is a top relocation destination!
NAR has also released another report lately, which shows prices stabilizing and perhaps trending up according to their second quarter Metro home prices report. Apparently, 100 out of 155 metropolitan statistical areas had higher median existing single-family home prices in comparison with the second quarter of 2009, including 14 with double-digit increases. Total state existing-home sales, including single-family and condo, increased 9.1% with sales increasing from the first quarter in 44 states and D.C., also 47 states and D.C. had increases over year-ago sales levels. This is exciting news for Sedona and the nation!
Here out west, the median existing single-family home price in the West rose 2.6 % from a year ago – YES, WE SAID A PRICE RISE! Existing home sales are also 7.6% higher than the same period last year.
So to recap – Sedona is a great place to live and offers a high quality of life and according to NAR’s data – now has never been a better time to snap up your dream home in Sedona!
Click here to subscribe to our RSS Feed.
Realty Times poses the question: Arizona: Is Now THE Time to Invest in the Grand Canyon State? The answer seems to be a very firm – YES! If you have decided that you would like to own a home in Sedona as a full time resident or part time then contact AULT&ASSOCIATES in downtown Sedona.
For a complimentary search of the Sedona MLS and access to all property currently on the market in Sedona AZ,visit www.claudiaault.com. For the best in Sedona Real Estate service and knowledge, contact Claudia Ault at 928-301-3016 or Larry Ault at 928-301-0852







