Cornville AZ 86325 – March Market Report 2017

Sheri Sperry April 12, 2017

How’s The Market Doing?

Homes For-Sale

Cornville – Verde Santa Fe – Page Springs

Arizona 86325

March 2017 ~ REAL TIME Market Report & Analysis

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Cornville March Market Report

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


Learn More About Cornville – Verde Santa Fe – Page Springs

Courtesy of Sheri Sperry 

YOUR Solutions REALTOR®

Coldwell Banker Residential Brokerage

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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Cornville Arizona 86325 Homes For-Sale

Report 4/11/17
Cornville – Page Springs – Verde Santa Fe – Market Report

 

Cornville March Market Report

Mar ’17 Cornville/Page Springs Verde Santa Fe MARKET HOME ANALYSIS – 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.

Cornville AZ 86325 which includes the community of Page Springs, is growing among those looking at buying homes for sale. Many homes such as the neighborhoods and sub-divisions of Verde Santa Fe are newer homes with great appeal. Verde Santa Fe (VSF) has several neighborhoods that appeal to a variety of residents and buyers. VSF amenities abound, from gated communities, two clubhouses, neighborhood and community pools and a golf course where residents can belong to the VSF Men’s Club or Ladies League. Call golf course for more info and pricing @ 928-634-5454.

These Cornville Market Reports will highlight 86325

As a bedroom community of Sedona, and it’s close proximity to Cottonwood can be very appealing to many people. Cottonwood has big box stores such as Home Depot and Wal-Mart as well as the Verde Valley Medical Center. This is very appealing to many who need to be near medical facilities, doctors and other professionals.

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

 

March ’17 – Cornville – Verde Santa Fe – Page Springs – AZ 86325 Homes For-Sale


Cornville March Market Report


SEARCH FOR ALL HOMES FOR SALE IN CORNVILLE – VERDE SANTA FE – PAGE SPRINGS

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

 

There are 2 Cornville homes for sale (currently) priced at $1 million and over – (No change)

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$425,000 and up returned 27 Cornville homes for sale – (+12)

$349,000 to $424,999 returned 4 Cornville homes for sale  (-2

$248,999 and under returned 22 Cornville homes for sale  (+6)

FIND ONLY HOMES IN VERDE SANTA FE

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 – Cornville – Page Springs – Verde Santa Fe

Arizona 86325

How the Market is Doing 


Median Price 

The Median Price has decreased from $389,999 in January to $289,900 in February, a drop of $100,090. From February to March the Median Price increased to $299,000. 

Interactive chart below will continue to show current market information

 

Large Chart


 

Inventory

Inventory continues to be low. As noted by the chart below, Spring inventory has shown some increase. The trend is showing some upward movement.

 

 Interactive chart below will continue to show current market information

Large Chart


 

Days On Market (DoM)

The Days on Market (DoM) are showing a decrease in 2 of the quartiles. The top quartile dropped by 9 days. The upper bracket has shown the biggest drop by 80 days to 174. The median price is $385,000. This definitely taps into the lack of  inventory in Sedona, This is less than 6 months supply.   Even though the bottom 2 quartiles rose slightly, the DoM is less than 3 months.  This is a Seller’s market. 

If you are interested in a value priced home don’t wait to make an offer!

Interactive chart below will continue to show current market information

 

Large Chart


Buyer or Seller Market? (MAI)

The Market Action Index – The MAI is continues to show a strong seller market in all but the top quartile.  In January all 4 quartiles were in the seller zone.  However, there has been a dramatic shift in the top quartile by about 9 points downward. Also there is a sharp downward trend in the other quartiles.

Interactive charts below will continue to show current market information

Large Chart

 

Bottom Line

Overall the real estate market for Cornville, Page Springs and Verde Santa Fe has very low inventory.  Nothing has really changed much this first quarter. A buyer may be able to find some homes that the seller is willing to negotiate in the top two quartiles – above $350,000.  Homes are not staying on the market long in the bottom two quartiles which means that  you won’t have much negotiating room unless the house has been on the market much longer than the average DoM currently in those brackets. 

Luxury Market of Sedona

One note: The Luxury Market has a price point of $900,000 for the top 10%. This figure 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 $950,000 for the Village. – 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.


 

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.


To learn more about these market reports please visit:

The Discover SellSedona.com or visit Market Stats on SellSedona.com.
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

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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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