Building Prices in the Sedona AZ Home Market

Posted By Barbara Baker @ Dec 22nd 2010 7:15am In: Sedona Real Estate

What's a buyer to do these days when buying a Sedona AZ Home for Sale. Do they buy an existing home with the idea that it is less costly to buy than it is to buy a vacant piece of dirt and build? That used to be the standard. However, while the Sedona AZ home prices fell for the last several years - so did the vacant dirt. Let's remember the financing for for land and construction loans dried up.  Lender's shut their doors and many great and qualified general contractors and builders had to go get 2nd jobs. While the tide is a changin...according to Chris Dolan, president of Casa Natural Construction, building costs have fallen as much as 15%. And what used to cost $300.00 a square foot can now be built for $255.00 a square foot.  That is quite a savings.  And more modest homes can be built with the latest in "green technology" for $153.00 a square foot.  This is all good news for vacant land buyer's who bought at the high end of the Sedona AZ Home market and in the past couldn't afford to build and it is good news for the buyer who isn't quite finding the right home in our current inventory.  

For questions and comments or to talk to me about buying land or an existing home in the Sedona AZ Home Market, you can text or call me at 928-301-0669, email me, visit my website, or become a Fan on my Sedona AZ Home for Sale Facebook Page

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