Sedona Arizona 86336
July 2016 ~ Market Analysis
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
Sedona July Real Estate Market
First of all, as you research the Sedona July real estate market 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 Mesa area and Red Rock Loop.
SEDONA JUNE ’16 REAL ESTATE MARKET ANALYSIS
The Market Action Index has started to trend down. Only the bottom 2 quartiles are in the Seller’s Advantage range at an index of 30 or above. The 2 Lower Quartiles are showing that demand is starting to wane.
inventory is starting to increase while Days On Market DOM appears to be trending lower. Based on the indices, conditions are weakening just a bit.
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI. Eight homes have been added to the market since June.
Bottom Line: The Sedona 86336 market is weakening slightly. There may be some deals to be had because DOM are high overall and the inventory has increased. However, even though the MAI is trending downward, the bottom two quartiles are still well above the cutoff for a Buyer’s market.
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*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
There are 59 Sedona homes for sale (currently) priced at $1 million and over
Million Dollar Homes +3 Homes added since June
The top 10% of the Luxury Market starts at $1,650,000.
$700,000 to $999,999 returned 48 Sedona homes for sale – +3
$400,000 to $699,999 returned 69 Sedona homes for sale +2
$399,000 and under returned 40 Sedona homes for sale -2
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.