Cottonwood AZ Homes For Sale – October 2017 Market Conditions

Sheri Sperry October 27, 2017

How’s The Market Doing?

Cottonwood Homes For-Sale

October Market ReportsArizona 86326

October 2017 ~ REAL TIME Market Report & Analysis

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Learn More About Cottonwood Arizona 86326

Courtesy of Sheri Sperry 
YOUR Solutions REALTOR®
Coldwell Banker Residential Brokerage

September Cottonwood Market Conditions 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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Cottonwood Arizona 86326 Homes For-Sale

Report 10/23/17
October Cottonwood Market Conditions

october 2017 cottonwood market

 

October 2017 COTTONWOOD MARKET HOME CONDITIONS – 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.

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. This is very appealing to many who need to be near medical facilities, doctors and other professionals. 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!

These Cottonwood AZ Market Reports will highlight 86326

As a bedroom community of Sedona, Cottonwood can be very appealing to many people. Cottonwood also has big box stores such as Home Depot and Wal-Mart and a large Fry’s Supermarket.

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

 

October ’17 – Cottonwood – AZ 86326 Homes For-Sale


october 2017 Cottonwood market


~ SEARCH FOR ALL HOMES FOR SALE IN COTTONWOOD AZ ~


 

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

 

The Top 10% (9) of currently listed homes starts at $650,000 for Cottonwood

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 4 Cottonwood homes for sale (currently) priced at $1 million and over – (NC)

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$450,000 and higher returned 17 Cottonwood homes for sale – (NC)

$288,000 to $449,999 returned 21 Cottonwood homes for sale – (-5)

$210,000 to $287,999 returned 27 Cottonwood homes for sale – (+1)

$209,999 and under returned 13 Cottonwood homes for sale  (+3)

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

 


Supply and Demand – Cottonwood AZ 86326

How the Market is Doing 


Median Price 

The Median Price has increased from $319,000 to 291,950 overall from September. All four brackets have a lower median price. There is very little change in every tier except the top tier. 

Interactive chart below will continue to show current market information

Large Chart


 

Inventory

Inventory is showing recent summer decreases. The number of homes available this year is much lower than last year. With the Fall selling season here, this low inventory will continue to put pressure on rising prices. It is down 1 from September. 

 

 Interactive chart below will continue to show current market information


Large Chart


 

Days On Market (DoM)

The Days on Market – Only the top bracket is up by 5 days to 256 DoM. The DoM is down over 2 weeks overall. The bottom 2 quartiles are down approximately 1 month from September. 

Interactive chart below will continue to show current market information


Large Chart


Buyer or Seller Market? (MAI)

The Market Action Index – The MAI is a strong sellers market in all quartiles.  The overall MAI is up by 2.4 points from September. 

Interactive charts below will continue to show current market information


Large Chart


Bottom Line

Cottonwood is in the seller zone and but a buyer may be able to find some homes that the seller is willing to negotiate in the top quartile.  Homes are not staying on the market long in the other quartiles. There is about a 4.3 month inventory of homes. The Fall selling season is in full swing and has shown a 2.4 point bump upward in the Market Action Index.

Luxury Market of Sedona

One note: The Luxury Market has a price point of $910,000 for the top 10% in Sedona. This figure is based on the last 6 month’s of sold listings for all of Sedona. For Cottonwood, the top 10% of active listings starts in the mid $600,000 range. – This just gives you an idea of how the active market of Cottonwood compares to the market in Sedona. FYI – the median price in Sedona 86336 is $849,000. 

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.


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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)

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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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