How's The Market Doing?
Homes For-Sale
Sedona Arizona 86336
February 2018 ~ REAL TIME Market Report & Analysis
Courtesy of Sheri Sperry ~
Your Solutions Realtor®
Check out the most current monthly reports in the Sedona Verde Valley at SEDONAMARKETREPORTS.com
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Sedona Arizona 86336 Homes For-Sale
Report 2/27/18
Sedona February Market Report
As you research the Sedona Homes For Sale and February Market Report, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index (MAI) above. Altos Research uses a complex algorithm to provide the MAI.
Sedona Information
Sedona 86336 is the heart of Sedona. There are two zip codes 86336 and 86351. These Market Reports will highlight 86336. In this zip code, you will find the majority of the shopping, entertainment, restaurants, and lodging. It also includes a couple of 5 star resorts and the camping areas and mountain style living in the Oak Creek area heading toward Flagstaff. Sedona 86336 is basically areas such as the Chapel area, Uptown, West Sedona, the Airport Mesa area and Red Rock Loop.
Characteristics By Quartile
February '18 - Sedona AZ 86336 Homes For Sale
To learn more about these market reports please visit:
The Market Stats on my website.
Reports are generated weekly on Mondays
Reports are generated weekly on Mondays
SEARCH FOR ALL HOMES FOR SALE IN SEDONA AZ
Select Links Below To See Sedona Single Family Homes In Each Price Range
There are 52 Sedona homes for sale (currently) priced at $1 million and over - (+4)
$700,000 to $999,999 returned 39 Sedona homes for sale - (-6)
$495,000 to $699,999 returned 24 Sedona homes for sale - (-10)
$494,999 and under returned 30 Sedona homes for sale - (+2)
Supply and Demand - Sedona 86336
Median Price
The Median Price is at $870,000. At the end of December it was $797,750. There are 4 more homes priced over $1,000,000. The top 2 quartiles are in the 7 figure range. All the quartiles have increased.Interactive chart below will continue to show current market information
Inventory
The Inventory continues to decrease. The current number is down by 10 homes. The trends show that new inventory would be very welcome with buyers.
Interactive chart below will continue to show current market information
Days On Market
Days On Market - Overall, the DOM has dropped by 11 days since December. All but the top quartile have shown an increase in DOM. The top quartile dropped over 5 months.
Interactive chart below will continue to show current market information
Market Action Index
The Market Action Index increased 4 tenths of a point, from December. 30 is the break even point between seller vs buyer advantage.Interactive chart below will continue to show current market information
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MAI or Market Action Index answers the question “Hows the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller’s advantage. Below 30, conditions give the advantage to the buyer.
Bottom Line
The 2018 Market continues to look strong. We are just starting to enter the Spring selling season and the numbers are already continuing to improve. The median price has increased dramatically since December by over $72,000. There are 6 additional million dollar homes on the market and inventory is down by 10 homes. The DOM at the top bracket have come down significantly while the other 3 brackets have all gone up. I think if a buyer can find a home that has been on the market for awhile, you may be able to get a good deal.Luxury Market
As of 12/31/17
The Sedona Luxury Real Estate Professionals which Sheri Sperry is a past-president of, defines the Luxury Market as the top 10% of the listings available. The Luxury Market is measured using 86336, and 86351 zip codes. The price point has decreased from $865,000 and is now at $840,000 for the top 10% of the market. This figure is based on the last 6 month's of sold listings. The top 10% of active listings (which is different from sold listings) has moved lower from $1,675,000 in December to $1,795,000 in February. - This just gives you an idea of how the active market compares.
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To learn more about these market reports please visit SedonaMarketReports.com on my website. You can sign up for a weekly update under Market Stats. Visit Market Stats on my website or contact me with questions.
Reports are generated weekly on Mondays
*Please Note: As new listings hit the market and homes close or fall off, the number of Sedona homes for sale will fluctuate daily based on the Multiple Listing Service (MLS) detail. The local MLS for this area is Sedona Verde Valley Association of Realtors (SVVAR)
ABOUT ME: “Many buyers and sellers are skeptical about salespeople. So am I! But, I am not a typical salesperson. I put myself in your shoes and help you make decisions based on how I would want to proceed if I were you. In other words, what steps would I take and what is right for you? How will this transaction be beneficial for you? How will it help you move forward with your goals? How can I make it as smooth and pleasant as possible? What is in your best interests as we move forward?
Let’s face it, you won’t really know that I am not a typical salesperson until you get to know me. I am confident you will feel at ease and comfortable knowing I can find solutions for you. If you don’t feel that way, please let me know. I want to be the best I can for you."
"I am YOUR Solutions REALTOR®” ~ Sheri Sperry
Disclaimer: Listing information deemed reliable but not guaranteed – SVVAR Broker
A paid subscription service is provided by SellSedona.com and Altos Research to determine “How the active market is doing”. This Market Report is for single family residential only. No other housing segment is being analyzed. Analysis of Market Research and trends are based on opinion, experience, past & current statistics and other information. It is deemed reliable but not guaranteed.
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