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May 2018 – Big Park – VOC – Village of Oak Creek – Homes for Sale and Market Conditions

Sheri Sperry May 10, 2018

How’s The Market Doing?

Homes For-Sale

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

Sedona Arizona 86351

May 2018 ~ REAL TIME Market Report & Analysis

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Village of Oak Creek Homes for sale Sheri Sperry Coldwell Banker Sedona


Learn More About Big Park – VOC –  Sedona AZ 86351

Courtesy of Sheri Sperry 

YOUR Solutions REALTOR®

Coldwell Banker Residential Brokerage

May 2018 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 05/07/18
Big Park (VOC) Market Report

 

May 2018 Big Park

May 2018 Market Report ~ Big Park – VOC – Village of Oak Creek – HOMES FOR SALE and MARKET 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.

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  (-2)

February 2018 Market Homes for Sale in Village of Oak Creek VOC

 

May 2018 Big Park VOC – 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

 

May’18 – Big Park / VOC Sedona AZ 86351 Homes For-Sale



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 13 VOC homes for sale (currently) priced at $1 million and over – (+7)

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$575,000 to $999,999 returned 19 VOC homes for sale – (-8)

$400,000 to $574,999 returned 27 VOC homes for sale – (+2)

$399,000 and under returned 18 VOC homes for sale – (+2)

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 in May 2018 for Big Park/VOC has decreased from $589,500 in February to $567,000. The second quartile is the only quartile that has shown a decrease in median price. 

Interactive chart below will continue to show current market information

 

Large Chart


 

Inventory

Inventory has increased. It has finally improved slightly in our spring selling season. 

 

 Interactive chart below will continue to show current market information

Large Chart


 

Days On Market (DoM)

Days on Market (DoM) – The properties in VOC – Big Park and Pine Valley have been on the market for an average of 106 DoM. Approximately 59 days have been cut because of low inventory. Overall there is around a 3.5 month supply of homes on market. This is a drop of around 2 months over all indicating a strong seller’s market. The top bracket was at 10.3 months supply near the end of winter. Now, the top bracket is at only 5.4 months supple. That is a huge decrease. The overall market is in a strong 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 above 30 for all brackets the last 8 months. Currently all four brackets are in the seller zone and rising.  However, This is where the Days on Market come into play for buyers. A home that has been on market for 190 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.  It is much harder for a buyer to take a strong negotiating stand because other buyers may be in play. 

 

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. 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. 


Millionaires’Row VOC Big Park May Market Millionaires Row VOC Big Park

Luxury Market

As of 05/07/18

One note: 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 increased from $840,000 and is now at $943,000 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 higher from $1,795,000 in February to $1,995,000 in May. This is a $200,000 increase – 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 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)

 





When You Need A Real Estate Professional…

 After decades of buying and owning multiple single family homes and town homes,  and as an experienced real estate professional, I have a unique perspective to help clients.  In today’s seller’s market, buyers can’t do it without help from a professional. The REALTOR® has the experience and understands what needs to be done to help secure a home for the buyer at the best price and conditions. This report is a quick look to give a snapshot of the market. Whether you are a buyer or seller, I will provide a thorough analysis of any property to make sure the market value is at the proper price point. My ability to market property is unsurpassed. See my extensive portfolio here.      

If you have questions about Sedona market conditions or other information on the Sedona real estate market, please contact me at 928.274.7355 .5 .
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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

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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