Sedona AZ ~ March Market Report ~ 2017

Sheri Sperry April 4, 2017

How’s The Market Doing?

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

Sedona March 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 4/1/17

Sedona March Market Report

Sedona March Market Report

As you research the Sedona March 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

 

March ’17 – Sedona AZ 86336 Homes For Sale

 

Sedona March 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 41 Sedona homes for sale (currently) priced at $1 million and over (+2)

$700,000 to $999,999 returned 30 Sedona homes for sale –  (-2)

$400,000 to $699,999 returned 51 Sedona homes for sale – ( 0 )

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


Supply and Demand – Sedona 86336 


Median Price

The Median Price has decreased from $789,000 to 697,000, a drop of $92,000. As you can see by the chart below, the quartiles are relatively stable other than the Top Quartile which continues to drop slightly.. 

Interactive chart below will continue to show current market information

Large Chart


Inventory

The Inventory has hit new lows for the year.   Historically, Spring starts the time many sellers put their homes on market. You can see that the inventory has finally stopped plummeting!  In the overall market there is no change from February. 

Interactive chart below will continue to show current market information

Large Chart


Days On Market

Days On Market – Trends are starting to show a decline. With little inventory to pick from all homes are being looked at and offers are being made.New homes on market 4 weeks ago are gone!

Interactive chart below will continue to show current market information


Large Chart


Market Action Index

The Market Action Index continues to rise and has increased to 29.5. 30 is the break even point between seller vs buyer advantage.   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 hit that glass ceiling for Days on Market (DoM). The DOM has finally fallen. Buyers realize that the inventory is low and it is time to deal with sellers with homes that have been on the market.  Also sellers are seeing that other homes are selling which is motivating them to work to ensure a deal with buyers that put in an offer.  Some sellers are lowering their price to their absolute bottom line and that is helping to reduce inventory as well. 

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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