I’m a little late with this but it’s good info.
Here’s an update with the Sedona AZ real estate market statistics for the 3rd quarter of 2010 (1 July to 30 Sept).

Although foreclosures in Sedona are a small portion of market, they are making up a significant portion of the sales. Typically, at a minimum, you will have to get the home caught up on maintenance that has been deferred by the previous owner.  Many times they are damaged and missing appliances.

Information was extracted from the Sedona Verde Valley Multiple Listing Service (MLS) and includes all residential homes, condos and townhomes.  Areas include West Sedona, Upper Sedona, Little Horse Park, Big Park, Red Rock Loop and the Village of Oak Creek.  All have a Sedona zip code.

ALL HOMES ON THE MARKET
Total Active during period: 635
Still  active for sale: 475
Sold: 106
Contingent/Pending Sale: 51
Total Under Contract: 157

Avg Days on Market for solds: 170
Avg List Price to Sold Price ratio: 93.97%
Avg Market Sold Price: $399,512

FORECLOSURES
Total active during period: 79 (12% of market)
Total still active for sale: 35
Sold: 28
Contingent/Pending Sale: 16
Total Under Contract:: 44 (28% of Under Contract)

Avg Days on Market: 90
Avg List Price to Sold Price ratio: 98.57%
Avg Market Sold Price: $314,044

If you have any questions or if we can be of assistance, please let us know.