May 2016 ~ Cornville/Page Springs ~ Market Conditions

Sheri Sperry May 24, 2016

Cornville Arizona 86325

May 2016 Market Conditions

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Prepared for you by Sheri SperryRe/MAX Sedona

YOUR Solutions Realtor®

 

Check out the most current monthly reports at REMAXSEDONA.NET

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May Cornville real estate Market conditions - ReMax Sedona Golf Homes for sale

Homes On Golf Course – Returned 7 Results – Cornville Arizona 86325

Cornville AZ 86325 – Homes For Sale

Report May 23, 2016

May Cornville market 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.

Cornville 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.

The Cornville area is also 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.

These Market Reports will highlight Single Family Homes in Zip Code 86325.

Check the interactive charts below.  These charts are always current and up-to-date with a Wi-Fi or Internet connection. 

Though the Cornville AZ 86325 market had seen the DOM (days on market) moving upward since summer of 2015,that has changed. Three of the four quartiles have seen a decrease. Just looking at the search parameters below, you will see that every category but one has fewer homes on market since February. We are currently in the ‘on-season’ and sales activity has increased. Usually, this is the time of year that sellers put their homes on market because of the increased activity. However the inventory levels continue to decrease. 

Overall, the inventory levels and DOM have helped to increase the Market Action Index. Sellers have a solid advantage right now. If this trend continues, there could be upward pricing pressure. Remember that though it is clearly a seller’s market advantage, there may properties that present a better sales position based on the motivation and willingness of the seller to negotiate. This won’t change until multiple offers are being made. 

BOTTOM LINE —> There is not a lot of inventory to choose from. If you find a home you like, you should act on it and make the best possible deal and always seek the advice of a Realtor.


 

One note: The Luxury Market for Cornville currently sits at a price point of $549,000 and above. Five homes are available in this category. 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.


 

To learn more about these market reports please visit the Learning Center or visit Market Reports on my website.

 

May Cornville Market conditions

 

There is Cornville home for sale (currently) priced at $1 million and over

$425,000 and up – returned 14 Cornville homes for sale – (-1)

$349,000 to $424,999 returned 11 Cornville homes for sale – (-4)

$249,000 to $348,999 returned 15 Cornville homes for sale – (+1)

$248,999 and under returned 16 Cornville homes for sale – (-4)

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


Interactive charts below will continue to show current market information


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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.


SEARCH FOR ALL HOMES FOR SALE IN

CORNVILLE – PAGE SPRINGS – VERDE SANTA FE


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, and current information. It is deemed reliable but not guaranteed.   

 

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