Cornville/Page Springs – Arizona 86325
November 2016 Market Conditions
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Prepared for you by Sheri Sperry –Re/MAX Sedona
YOUR Solutions Realtor®
Check out the most current monthly reports in the Sedona Verde Valley at REMAXSEDONA.NET
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November – Cornville AZ 86325 – Homes For Sale
Report – November 14, 2016
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.
Supply and Demand – Cornville
The overall median price (month to month) has moved sharply upward with a $27,100 increase or 7% .The median price is trending in a positive direction for all quartiles except the top quartile which showed a peak in October and has stabilized for now.
The inventory hit bottom at the beginning of July. Since then, the inventory is continuing on a downward trend.
Days On Market
The Cornville AZ 86325 DOM (days on market) continues to trend upward. With inventory coming down. the DOM is starting to follow suit. Month to month, it has dropped 5 days. It remains to be seen if this trend will continue.
Market Action Index (MAI)
Right now, the MAI is moving upward rapidly. Three of the four quartiles are at 40 or above (solid seller zone). Thirty is the cutoff for seller/buyer advantage. This might be why pricing is showing slight upward movement. If you look at the chart you will see that the peak MAI was July 1st. All 4 quartiles are trending up and the overall market continues to move toward the seller’s zone. It is only .5 off.
BOTTOM LINE —> Similar to last month, 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® such as Sheri Sperry Top ReMax Sedona Realtor. A lot of people fail to realize that Cornville is a bedroom community of Sedona. It is only 20 minutes away and rarely ever has a traffic issue.
If the trends of DOM and Inventory continue, pricing will be in a much stronger position for the seller. It is already moving in that direction.
Cornville Luxury Market
One note: The Luxury Market for Cornville currently sits at a price point of $599,000 and above. Only 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.
Cornville AZ 86325
Characteristics per Quartile
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
Market Action Index
(see definition in “Real Time Market Profile” near the top of this report)
Interactive Charts continue to show CURRENT market information