The Sedona market is a very hot seller’s market, and this is due to huge cash flow opportunities, high appreciation, and all the other things that make Sedona a magical place.
The gorgeous red rocks, clean air, plentiful water supply, incredible hiking and biking, desirable climate, proximity to the grand canyon and to skiing in Flagstaff, a reasonable distance from Phoenix, and many other factors that all contribute to commonly hearing people say, “I visited Sedona and I fell in love with it”- which is something we hear all the time.
The real estate market in Sedona is strengthening. Buyer demand is high and it’s increasing. Available inventory is low and it’s decreasing. We’re in a massive price uptrend right now, and it’s going to have people just shaking their heads and disbelief for years to come.
Three years ago when I predicted single-family home prices would double in around three years, people thought I was nuts- and that’s exactly what happened. Almost every single one of my clients that purchased three years ago are looking at double the home value that they had at that time.
In 2021 appreciation was approx 30%. In 2022, appreciation for short term rental, single-family homes is going to be 30% – 35%, even amidst raised interest rates. We’re still going see that price hike.
Regarding cash flow opportunities, the short-term rental market in Sedona is not saturated. In fact, short term rental demand is actually going up, which is raising rental rates. This is keeping occupancy rates high- higher than the national average. And, the cash on cash returns for my clients are expected to remain stable at about 20% to 40% in 2022.
For anything further, just reach out, give me a call or schedule a call right off our website, and we can go over your needs. Beyond that, whether you’re a buyer or a seller, I look forward to meeting with you.
