Sedona AZ 86336 ~ September Market Report ~ 2017

Sheri Sperry September 21, 2017

How’s The Market Doing?

Homes For-Sale
Sedona Arizona 86336
September 2017 ~ REAL TIME Market Report & Analysis

Sedona September Market Report

Learn More About Sedona Arizona 86336

Courtesy of Sheri Sperry ~

Coldwell Banker Residential Brokerage 

Sheri Sperry Coldwell Banker Sedona Realtor Sedona August Market Report

Your Solutions Realtor®

Check out the most current monthly reports in the Sedona Verde Valley at SEDONAMARKETREPORTS.com

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Sedona Arizona 86336 Homes For-Sale

Report 9/18/17

Sedona September Market Report

The Sedona September Market Report

As you research the Sedona September Market Report and 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 Information

Sedona 86336 is the heart of Sedona. There are two zip codes 86336 and 86351. These Market Reports will highlight 86336. In this zip code, 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.


Characteristics By Quartile

 

September ’17 – Sedona AZ 86336 Homes For Sale

 

The Sedona September Market Report shows us “How the market is doing”. The Sedona 86336 Market Report will give you a current in-depth market analysis. Call Sheri - 928-274-7355


To learn more about these market reports please visit:

The Market Stats on my website.
Reports are generated weekly on Mondays


SEARCH FOR ALL HOMES FOR SALE IN SEDONA AZ


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

 

There are 53 Sedona homes for sale (currently) priced at $1 million and over (+5)

$700,000 to $999,999 returned 42 Sedona homes for sale –  (+9)

$495,000 to $699,999 returned 27 Sedona homes for sale – (+4)

$494,999 and under returned 31 Sedona homes for sale – (-1)


Supply and Demand – Sedona 86336 


Median Price

The Median Price is at $849,000.  This is an $80,000 increase across all quartiles. There was an additional 5 homes priced over $1,000,000. This has pushed the top two quartiles into the seven figure range. I will add that the bottom two quartiles also had major increases in the median price point. 

Interactive chart below will continue to show current market information

Large Chart


Inventory

Though the Inventory has shown a slight trend upward during the Spring selling season, the number of available homes have dropped by 50 since the August market report came out. Part of the low inventory is because sellers are not seeing homes they could move into on the market. New homes are being snapped up fast leaving stale inventory on market. If you have no home to go to, why would you risk selling your residence?

Interactive chart below will continue to show current market information

Large Chart


Days On Market

Days On Market – All quartiles except the bottom quartile are trending up currently.   With little inventory to pick from, all new homes on market are seeing activity and offers are being made. New homes on market 4 weeks ago are gone! The DoM is reflecting the stale listings continuing to rack up DoM. Because there is so little inventory in the most affordable range, homes are selling fast. Currently there are only 4 single family homes below $400,000 in Sedona 86336. Three weeks ago there were zero. There are a total of 5 new homes added to the top two brackets that are affecting the DoM from being higher. 

Interactive chart below will continue to show current market information


Large Chart


Market Action Index

The Market Action Index is trending downward to. 30 is the break even point between seller vs buyer advantage. It has declined 3.1 points in 4 weeks .  Though the MAI is moving downward, I do not see much of a change for sellers at this time. Fall is almost as active as Spring  The top quartile is in the buyer zone and with new properties added recently, makes this bracket more appealing to buyers. Typically the premium segment of the market takes longer to sell. The other three quartiles are in the seller advantage zone. 

 

Interactive chart below will continue to show current market information

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Large Chart

 

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.

Bottom Line

Inventory is down 50 homes from the last analysis. DoM is mixed and the Market Action Index is showing a downward trend. We have pushed through the height of the Spring selling market and now the summer market. The Fall market should be stronger than what we have seen this summer. Buyers and sellers should seriously evaluate their options now. The Sedona real estate market should continue to show strength for the seller through September and October and into mid November.

 

Luxury Market

As of 9/21/17

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 has dropped from $930,000 and is at $855,000 for the top 10% of the market. This figure is based on the last 6 month’s of sold listings. The top 10% of active listings (which is different from sold listings) has moved higher to $1,795,000. – This just gives you an idea of how the active market compares.


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To learn more about these market reports please visit SedonaMarketReports.com on my website or click on the MAP below for a quick look of each market. You can sign up for a weekly update right on the map by clicking the map marker

 Visit Market Stats on my website or contact me with questions.
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)





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

Sedona homes for sale

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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  1. An educated buyer will be a happy buyer and you are an excellent teacher who makes it easy to learn. Keep up the good work. Happy homeowners make for a happy community.

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