How’s The Market Doing?
Sedona Arizona 86336
November 2016 ~ REAL TIME Market Analysis
Courtesy of Sheri Sperry ~ Re/Max Sedona
Your Solutions Realtor®
Check out the most current monthly reports at REMAXSEDONA.NET
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Sedona Arizona 86336 Homes For-Sale
Sedona November Real Estate Market
First of all, as you research the Sedona October real estate market homes for-sale, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index (MAI) above. Altos Research uses a complex algorithm to provide the MAI.
Sedona 86336 is the heart of Sedona. There are two zip codes 86336 and 86351. These Market Reports will highlight 86336. In this zipcode, you will find the majority of the shopping, entertainment, restaurants, and lodging. It also includes a couple of 5 star resorts and the camping areas and mountain style living in the Oak Creek area heading toward Flagstaff. Sedona 86336 is basically areas such as the Chapel area, Uptown, West Sedona, the Airport Mesa area and Red Rock Loop.
SEDONA 86336 ~ November ’16 REAL ESTATE MARKET ANALYSIS
Buyer or Seller Market ? (MAI)
The Market Action Index has dropped a half point from October. Only the Luxury quartile is in the Buyer’s Advantage range at an index of close to 24. The other 3 quartiles are solidly in the seller zone, though they are trending downward. This is not unexpected this time of year.
inventory – the drop of inventory has slowed to a grinding halt. There are 21 less homes on market since August but the analysis shows that there is only 1 home added on the MLS (from October) at the point of this “snapshot” of the market (11/12/16). In the first half of the year, there was little movement in the luxury market; however, since September, 7 more homes have been sold. This is good news for the Luxury market. In fact the top 10% of the market has moved downward by $152,000 because there are less million dollar homes for sale!
Days On Market
Days On Market – DOM is showing mixed results. The trends are moving slowly upward As we near the end of the Fall selling season, this may be the trend until the 2017 season starts.
We just elected a new President and we can expect interest rate increases on the next report in December by the Fed. However, the Sedona 86336 market is steady right now. There may be some deals to be had because DOM is higher in the bottom and the 3rd quartile. However, the MAI is moving lower in the 86336 market and the top 3 quartiles are still well above the cutoff for a Buyer’s market.
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 $1,498,000 for the top 10% of the market. This is a drop of $2,000 from the previous month .To learn more about these market reports please visit the Learning Center or visit Market Stats on my website.
Sedona Characteristics per Quartile
To learn more about these market reports please visit:
*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 86336 Property By Bracket
Select Links Below To See Sedona Single Family Homes In Each Price Range
There are 43 Sedona homes for sale (currently) priced at $1 million and over
There are 3 Less Million Dollar Homes Since October – 7 Less Since September
Interactive chart below will continue to show current market information
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.
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