Big Park-VOC AZ 86351 – Homes For Sale – October 2017 Market Report

Sheri Sperry October 15, 2017

How’s The Market Doing?

Homes For-Sale

VOC – Village of Oak Creek – Big Park – Pine Valley

Sedona Arizona 86351

October 2017 ~ REAL TIME Market Report & Analysis

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Big Park VOC homes for sale market reports

Homes On Golf Course – Returned 6 Results – Sedona Arizona 86351  (NC)


Learn More About Big Park – VOC –  Sedona AZ 86351

Courtesy of Sheri Sperry 

YOUR Solutions REALTOR®

Coldwell Banker Residential Brokerage

Big Park VOC April Market Report Sheri Sperry Coldwell Banker Sedona Realtor

 Check out the most current monthly reports in the Sedona Verde Valley at

SEDONAMARKETREPORTS.com

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Sedona Arizona 86351 Homes For-Sale

Report 10/16/17
Big Park (VOC) Market Report

 

big park voc september market report

Big Park – VOC MARKET HOMES FOR SALE and MARKET ANALYSIS for October ’17  – First of all, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index above. Altos Research uses a complex algorithm to provide the MAI.

VOC, Village of Oak Creek or Big Park also known as Sedona 86351 is the bedroom community of Sedona. It is located 20 minutes from the city center off highway 179. There are two zip codes in Sedona, 86336 and 86351. People choose this side of town because there is less traffic, good hiking trails, and a buyer can get more home for the same amount of money as Sedona 86336. It is also closer to the SR 179 for those who travel a lot.

These VOC Market Reports will highlight 86351

In this zip code, you will find a majority of single family homes nestled between some red rock formations. Bell Rock, Courthouse Butte, Castle Rock and the back side of Cathedral are the most notable of the formations. You will also find more than a couple of golf courses including an executive 9 hole course. Even though there is some shopping, entertainment, restaurants, and lodging. The majority of the zip code has more affordable housing than the zip code of 86336.


VOC/Big Park – Golf – Golf – Golf!

Homes On Golf Course – Returned 6 Results – Sedona Arizona 86351 – (-3)

Big Park VOC homes for sale october 2017 Market reports

 

When it comes to Big Park/Village of Oak Creek real estate & Golf Resort homes for sale, you only need to go to the Village of Oak Creek (VOC) to fulfill your dream. Homes are sprinkled around the 45 holes on two golf resorts and one executive golf course.  For those who enjoy this sport, there is a home for you either close to or on a golf course.  But for those who like the serene atmosphere and beauty of a home straddling one of the beautiful and well manicured fairways this may be right for you as well!


Always use the median price to track trends. The median means that half the homes are higher and half are lower. If the highest priced home is well over a million dollars this will drive the average price of homes up substantially. Average price is not a good indicator of how the market is doing.


Characteristics By Quartile

 

September ’17 – VOC Sedona AZ 86351 Homes For-Sale


big park voc september market report


SEARCH FOR ALL HOMES FOR SALE IN VILLAGE OF OAK CREEK

 

Select Links Below To See Sedona Single Family Homes In Each Price Range 

 

There are 8 VOC homes for sale (currently) priced at $1 million and over – (-1)

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$575,000 to $999,999 returned 28 VOC homes for sale – (+1)

$400,000 to $574,999 returned 28 VOC homes for sale – (+3)

$399,000 and under returned 19 VOC homes for sale – (-7)

The listings above can change at any given time based on homes being added or subtracted from the Multiple Listing Service (MLS).

Supply and Demand – (VOC) Sedona 86351

How the Market is Doing 


Median Price 

The Median Price has increased from $519,000 to $559,000. However it increased in August and decreased in September, for a net increase of $10,000 in the last 2 months. All but the highest bracket show mixed results. 

Interactive chart below will continue to show current market information

 

Large Chart


 

Inventory

Inventory is low. Though the Quartile results show the same number of inventory as September, as of today, the inventory is 4 houses lower. 

 

 Interactive chart below will continue to show current market information

Large Chart


 

Days On Market (DoM)

The properties in VOC – Big Park and Pine Valley have been on the market for an average of 174 DoM. Overall there is around a 5.8 month supply of homes on market. The top bracket is at 9.7 months supply down slightly from September. However the upper second & bottom tier is only at approx. 12 week supply. This is definitely in the seller range. About 6.5 to 7.5 months supply of homes is the break for buyer vs. seller advantage.

 

Interactive chart below will continue to show current market information

 

Large Chart


Buyer or Seller Market? (MAI)

The Market Action Index – The MAI has been up and down. Currently all four brackets are in the seller zone.  However, This is where the Days on Market come into play for buyers. A home that has been on market for 290 days may allow for some negotiation.  There is such low inventory in the 86336 zip (Chapel area, Uptown and West Sedona that buyers are moving into the VOC area to purchase a home.  Even though the Big Park area is in a seller range, buyers may be able to negotiate with sellers because of the West Sedona demand. This has not changed from Spring. 

 

Interactive charts below will continue to show current market information

Large Chart

 

Bottom Line

Overall the real estate market for Village of Oak Creek continues to have very low inventory. Key in on how long a home has been sitting on the market. 

 A buyer may be able to find some homes that the seller is willing to negotiate.  The reason some homes are stale is because the seller is not willing to drop the price of the home. Keep that in mind when negotiating. Also many sellers can’t find a home to go to so they are not going to sell there home!  


Millionaires’Row VOC Big Park Millionaires Row VOC Big Park

Luxury Market

As of 10/15/17

One note: The Luxury Market has a price point of $910,000 for the top 10%, this has moved up from $855,000 last month. The baseline  is based on the last 6 month’s of sold listings for all of Sedona. The top 10% of active listings (which is different from sold listings) is at $959,000 for the Village (VOC/Big Park). BTW – No change from last month showing that the top 10% hasn’t moved much in the last month! This just gives you an idea of how the active market compares to the sold market.

The Sedona Luxury Real Estate Professionals which Sheri Sperry is a past-president uses the definition above for defining a luxury listing. The Luxury Market is measured using 86336, and 86351 zip codes.


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To learn more about these market reports please visit SedonaMarketReports.com on my website or click on the MAP below for a quick look of each market. You can sign up for a weekly update right on the map by clicking the map marker

 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

Sedona homes for sale

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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