Sedona Arizona 86336
March 2016 ~ Market Analysis
Courtesy of Sheri Sperry ~ Re/Max Sedona
Your Solutions Realtor®
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 be 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.
MARCH SEDONA REAL ESTATE MARKET ANALYSIS
Unlike in February, when the prices were moving up and the inventory was lower, March is showing a different trend. The Market Action Index is showing a strong downward trend. The Median Price is starting to soften in the top 2 quartiles even though the bottom 2 quartiles are showing a slight upward trend. More of the weighted average is in the upper quartiles. This is one of the reasons I compare all 4 quartiles.
As stated above, each quartile in The Market Action Index has shown a decrease. The top and bottom quartiles have dropped about 3 points each, while the 2 middle quartiles have dropped 7 points respectively. This indicates that the market is moving closer to the advantage of the buyer in the bottom half of the Sedona 86336 market. Whereas the top half of the market shows a heavy advantage toward the buyer. If you are a serious buyer, now is the time to purchase a home.
Generally the market conditions will become more active as it pushes into Spring. March and April seem to be the months that sellers put their homes on market and buyers start looking. Looking at the inventory which also affects the MAI, there are 15% more homes on market. The only sector that has shown a decrease is homes priced under $399,999. See all the stats associated with each blue market link below the “Characteristics per Quartile“ Chart.
Sedona homes for sale in the bottom 2 quartiles are showing signs that Days On Market DOM are leveling off and slightly falling which could indicate those segments are becoming more active.
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.
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
Million Dollar Home Increase = + 4 homes or 7% increase
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.