Nov ’16 ~ Big Park (VOC) – AZ 86351 ~ Market Report & Homes For Sale

Sheri Sperry November 12, 2016

 

Nov ’16 VOC Market Analysis – Village of Oak Creek – Big Park

Sedona Arizona 86351

November 2016 Market Reports

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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Homes on golf course in Voc Big Park

Homes On Golf Course – Returned 10 Results – Sedona Arizona 86351  1 more home on market since September


See Other Market Report Analysis at  ReMaxSedona.net

Sedona Arizona 86351 Homes For Sale

Report 11/07/16

Nov VOC - Homes for sale in Big Park

NOV ’16 Big Park VOC 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.

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 November 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.

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.

Check the interactive charts below.  

These charts are always current and  up-to-date with a Wi-Fi or Internet Connection. 

SEDONA 86351 – Village of Oak Creek / Big Park ~ October ’16 REAL ESTATE MARKET ANALYSIS

Buyer or Seller Market? (MAI)

The Market Action Index – The MAI is showing a strong upward push in all quartiles.  The entire index has risen .7 since October. The top quartile is still in the Buyers Zone but is at 28. The top quartile is only 2 points off from moving into the Seller Zone. 

Inventory

Inventory has been relatively steady but trending down overall since July.  There are 5 less homes on the Multiple Listing Service than the last time it was checked in October. 

Days On Market (DOM)

The properties in VOC – Big Park have been on the market for an average of 192 days.  The top quartile has dropped DOM by 29 days.  The overall DOM has dropped by 6 days and the only tier to rise has been the 2nd quartile by 44 days. 

Bottom Line

Overall the real estate market for village of Oak Creek is pretty stable.  A buyer may be able to find some homes that the seller is willing to negotiate.  

Luxury Market

One note: The Luxury Market has a low price point of $949,000 for VOC.  This is a increase of $49,000 from October. Two more million dollar homes were added the the mix for those who may be interested in the Luxury segment. 

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 is at $1,500,000 for the top 10% of the market. This is a drop of $150,000 from the previous month .To learn more about these market reports please visit the Learning Center or visit Market Stats on my website.

Village of Oak Creek (VOC) – Big Park – Sedona 86351

Characteristics per Quartile

11/07/16

nov VOC - homes for sale big park


 

To learn more about these market reports please visit:

The Discover SellSedona.com or visit Market Stats on my website.
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)


Search For Sedona AZ 86351 Property By Bracket


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

There are 8 VOC homes for sale (currently) priced at $1 million and over – 

There is 2 more Million Dollar Home Available since October

$575,000 to $999,999 returned 30 VOC homes for sale  (-8)

$400,000 to $574,999 returned 35 VOC homes for sale  (No change

$399,000 and under returned 29 VOC homes for sale  (+1)

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 VILLAGE OF OAK CREEK


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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