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Cottonwood AZ – December Market Report & Homes For Sale

Sheri Sperry December 28, 2016

 

 

Homes For-Sale 

Cottonwood Arizona 86326

December 2016 Market Conditions

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Prepared for you by Sheri Sperry – Coldwell Banker

YOUR Solutions Realtor®

 

Check out the most current monthly reports at SedonaMarketReports.com

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Cottonwood AZ - December Homes for Sale - ReMax Sedona Sheri Sperry

Learn More About Old Town Cottonwood Arizona 86326


Cottonwood AZ 86326 – Homes ForSale

Report 12/26/16

Cottonwood AZ December Market Report & Homes for saleThese 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.

Cottonwood Information

To analyze the Cottonwood AZ Market Report, An understanding of the city is helpful. It is about a half hour south of Sedona and located off highway 260 and the 89A.  Cottonwood is known for it’s big box shopping centers and is also known for the Verde Valley Medical Center.  There are many medical offices around the hospital that provide all the services you might need. Go to LifeInSedona.com and select Cottonwood for more information. Old Town Cottonwood has been completely renovated in the last few years.  It has the charm of the Old West and the modern flair of contemporary restaurants and boutique shopping.  One of my favorite gourmet food stores is the Verde Valley Olive Oil Traders.  You must go in there and taste the ultra fresh olive oils and balsamic vinegars they offer.  This Old Town experience is another reason that the Cottonwood, Clarkdale and Cornville areas are thriving.  Not only does this area bring tourism but the locals are fully invested in it’s success!

Cottonwood AZ December Market Status

Median Price

The Median Price has increased from $279,450 in November to $299,900. There has been a steady increase since July 2016 in the median price.

Inventory

When you look at the trend lines on the charts below, you will notice that Inventory was at it’s lowest level near May 2016, for all quartiles. The inventory Is rising slowly. Currently, 7 properties are on market more than November. There continues to be 4 listings over $1 million. 

DOM – Days On Market

The Top quartile which has a median price of $525,000 – down from $579,000 is showing an average days on market at 245 which is up 27 from last month. Overall, DOM has increased to 135 from 119 and is showing a strong upward push in both the top and bottom quartiles. The bottom quartile is 29 days higher than last month.

MAI

The Market Action Index MAI for the top tier is below 30 and may have bottomed out at 22 in July. Currently it is above 26.  This has stabilized. In contrast the MAI for the 3 other quartiles are mixed. However, the other 3 quartiles are converging and there has been a strong downward trend in quartiles 2 and 3. 

Seller Zone

Cottonwood is in the seller zone overall and median prices continue to show increases.   Keep your eye on the MAI . The top quartile is the only one in the buyer zone and seems to have stabilized.. The MAI was very high in the summer months and has significantly weakened as the year moved on.  Weakening the seller position. 

 

The homes in the Cottonwood area are priced more competitively than Sedona. You get more home and property for the price.  Also it is an easy drive to Sedona to enjoy the beauty of that area.

BOTTOM LINE:  

Buyers may find some relief in the top quartile.  The homes in the top range, do not compete well with the more desireable location of Sedona. This may be the reason that this zone is not moving well. There may be some deals to be had in the other 3 quartiles as well.  The median price of homes may be causing some of the flux in the other indices because of the stronger position of median price, over the last few months.  This may cause the median price to weaken going forward. 


Characteristics By Quartile

December ’16 – Cottonwood Homes for Sale

Cottonwood AZ December market report homes for sale

To learn more about these market reports please visit:

The Learning Center or visit Market Stats on my website.

Reports are generated weekly on Mondays

 



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SEARCH FOR ALL HOMES FOR SALE IN CORNVILLE AND PAGE SPRINGS AZ 86325


 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.

Select Link Below To See Cottonwood Single Family Homes in Each Price Range

(Top 10%) of currently listed homes starts at $569,000 for Cottonwood 

 4 homes are over $1 million – no change from September

There are 13 Cottonwood homes for sale (currently) priced at $500,000 and over – (-3)

$250,000 to $499,999 returned 51 Cottonwood homes for sale – (+21)

$175,000 to $249,999 returned 17 Cottonwood homes for sale – (-13)

$174,999 and under returned 17 Cottonwood homes for sale  (+2)


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Interactive chart below will continue to show current market information


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MAI
or Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of inventory.  Index above 30 implies a seller’s advantage.  Below 30, conditions give the advantage to the buyer.  

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