Sedona AZ ~ February Market Report ~ 2017

Sheri Sperry February 11, 2017

How’s The Market Doing?

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

Sedona February Market Report

Learn More About Sedona Arizona 86336

Courtesy of Sheri Sperry ~

Coldwell Banker Residential Brokerage 

Sheri Sperry Coldwell Banker Sedona Realtor

Your Solutions Realtor®

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

~ ~ ~


Sedona Arizona 86336 Homes For-Sale

Report 2/6/17

Sedona February Market Report

Sedona - Market Report February

As you research the Sedona February 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

 

February ’17 – Sedona AZ 86336 Homes For Sale

 

Sedona February Market Report


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


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

 

There are 39 Sedona homes for sale (currently) priced at $1 million and over (-2)

$700,000 to $999,999 returned 32 Sedona homes for sale –  (-4)

$400,000 to $699,999 returned 51 Sedona homes for sale –  (+2)

$399,000 and under returned 21 Sedona homes for sale – ( 0 )


Supply and Demand – Sedona 86336 


Median Price

The Median Price has decreased from $820,000 to $789,000, a drop of $31,000. As you can see by the chart below, the quartiles are relatively stable other than the Top Quartile which has leveled off in January. 

Interactive chart below will continue to show current market information

Large Chart


Inventory

The Inventory has hit new lows for the year.   There are 54 less homes on market since early November! (40 dropped in December and another 14 for January). There are 12 less homes on market in the past 2 weeks. The chart below indicates a steep decline with no stop in sight. Historically, Spring starts the time many sellers put their homes on market. 

Interactive chart below will continue to show current market information

Large Chart


Days On Market

Days On Market – Trends are moving significantly upward. The DOM across all quartiles has moved up an average of 15 more days since January!  

Interactive chart below will continue to show current market information


Large Chart


Market Action Index

The Market Action Index has gone up an average of 1.3 points over the last three weeks.  This rise is across all quartiles and is showing a steep increase. If this continues, pricing may move to a strong seller advantage.  Only the top quartile is in the buyer zone. 

 

Interactive chart below will continue to show current market information

^^^

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

The Sedona 86336 market has just recently seen a strong rise in the MAI.  There continues to be some deals for buyers because DOM is higher across all quartiles.  One reason that the DOM is showing an increase is because the homes that are selling fast with a lower DOM are pushing the average up on homes that have been sitting on the market for a much longer time.  This could mean that those sellers are ready to deal to get their homes in to contract.  It should be noted that because these homes have been sitting longer, does not mean that a seller is more motivated to sell. 

Luxury 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 $900,000 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) continues to hold at $1,500,000. – This just gives you an idea of how the active market compares.

To learn more about these market reports please visit the Learning Center or visit Market Stats on my website.


To learn more about these market reports please visit:

 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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