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Sedona Real EstateSedona’s spectacular views of Red Rocks, its spiritual aura and its adventurous terrain have put Sedona real estate top on the buyer’s list. In past years, Sedona real estate is pouring with investments not only from its residents but from investors all over Arizona and rest of the US.As you know Sedona Arizona has lots to offer to tourists. It’s proximity to Grand Canyons, the vortex spiritual experiences that lures a lot of tourists, Red Rock monoliths that look amazing, and a terrain that is best for outdoor and adventurous activities. The most striking thing about Sedona’s tourism is that it is all the year round. Sedona, situated on a slightly elevated level as compared to the other places of Arizona desert, has a pleasant climate through out the year. Tourists keep flocking round the year and a considerable number stays in Sedona for months. The real estate boom in Sedona is closely connected with the fact that a lot of tourists stay here for long periods. 
Sedona’s cabins, ranch, vacation rentals, bed and breakfast are always on high demand. Investors find it a good option to invest in Sedona real estate by buying big houses that can be rented out as vacation rentals to the tourists, or small cottages located just in the middle of the Red Rock that can be rented out as cabins or ranches. Not only for renting, people from all over USA have bought houses in Sedona as “second homes”. The sporty and nature loving people love to stay in the countryside with a beautiful view. Sedona is a place that offers the right combination of peace, adventure and natural splendor. Most of the real estate investment in Sedona comes from the millionaires and retired people with lots of money. A reasonable investment also comes from the baby boomers with enormous money. With the price of real estate constantly appreciating, the investors know that Sedona’s real estate is the best place to invest. A lot of investment in Sedona comes from California. Research says that almost 33% of the buyers are from California itself. Most of the people have bought vacation homes for investment proposes because they do not plan to stay there for next 6-7 years, but, rather wait for the price to appreciate so that they can resell and make money. Californians prefer to buy second homes in Sedona because California holiday homes are expensive and they find Sedona the best place to have a relaxing holiday. According to September 2008 data, 35 family homes have been sold in Sedona. Two luxury homes have also been sold by July this year and almost eight are in process to contract. These luxury homes cost an average of $1 million. At present, there are almost 700 homes available for sale in Sedona. Apart from homes, there is plenty of empty land in Sedona which is ready for the construction of new houses. Sedona real estate is booming since 2001. In between, there was a lull around 2004, but the market has resumed since this year. Realtors find it a great location to invest for long term monetary gains. |
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