Sedona Arizona 86336
APRIL 2016 ~ Market Analysis
View from Airport Mesa in Sedona at sunset in Arizona, USA
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
First of all, as you research Sedona 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 area and Red Rock Loop.
APRIL SEDONA REAL ESTATE MARKET ANALYSIS
The Market Action Index continues to show a strong downward trend which started in March. The Median Price is continuing to stabilize in the top tiers but the bottom tiers are showing a slight upward trend.
In April, The Market Action Index has shown a strong decrease. The bottom quartile has dropped more significantly in April, about 7 points, then any of the other tiers. This generally is the fastest moving segment. The bottom half of the market is still a seller’s market but has weakened overall. The luxury market has slowed and the MAI is affecting the top half of the market, which gives the advantage to the buyer. If you are a serious buyer, you may be able to take advantage of market conditions.
So far in April, there is only one additional home in the 86336 inventory. So there is no significant change. The MAI is trending down and the Days On Market is trending up which indicate bearish signs for the market. See all the stats associated with each blue market link below the “Characteristics per Quartile“ Chart.
The DOM has increased approximately 3 weeks for the Luxury market and the bottom half of the market increased more than a month. The Upper/Middle quartile is the only quartile with a small 2 day increase. That quartile is the lower luxury range. the homes in the $400,000 to $699,999 have jumped by 26 in the last 2 months. This has definitely been the largest growing area for listings in 86336.
Looking to the future: The last 2 summers have seen a similar trend in the fall of DOM in all segments. This would indicate that the market is most active in purchases April, May, and early June. Our schools recess for the summer break in mid May. What that means is that homes are being purchased in the Spring and early Summer and as the homes close in July, the inventory DOM starts to fall.
If you are considering a purchase, you should consider your options now.
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 detail.
Select Links Below To See Sedona Single Family Homes In Each Price Range
In February the total number of homes on market in Sedona 86336 was 184 –
In March the total number of homes is 212 which = 28 new homes or 15% increase
There are 56 Sedona homes for sale (currently) priced at $1 million and over
Million Dollar Home decrease = -2 homes or -4% decrease
$700,000 to $999,999 returned 43 Sedona homes for sale -1 or -3%
$400,000 to $699,999 returned 77 Sedona homes for sale +8 or 9%
$399,000 and under returned 43 Sedona homes for sale +2 or 5%
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
Disclaimer: Listing information deemed reliable but not guaranteed – SVVAR Broker Reciprocity
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.