How’s The Market Doing?
Homes For-Sale
Big Park – VOC – Village of Oak Creek – Pine Valley
Sedona Arizona 86351
January 2019 ~ REAL TIME Market Report & Analysis
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Courtesy of Sheri Sperry
YOUR Solutions REALTOR®
Coldwell Banker Residential Brokerage
Check out the most current monthly reports in the Sedona Verde Valley at
SEDONAMARKETREPORTS.com
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Sedona Arizona 86351 Homes For-Sale
Report 01/14/19
Big Park (VOC) Market Report
January 2019 Market Report ~ Big Park – VOC – Village of Oak Creek – HOMES FOR SALE and MARKET ANALYSIS – First of all, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index above. Altos Research uses a complex algorithm to provide the MAI.
VOC, Village of Oak Creek or Big Park also known as Sedona 86351 is the bedroom community of Sedona. It is located 20 minutes from the city center off highway 179. There are two zip codes in Sedona, 86336 and 86351. People choose this side of town because there is less traffic, good hiking trails, and a buyer can get more home for the same amount of money as Sedona 86336. It is also closer to the SR 179 for those who travel a lot.
These VOC Market Reports will highlight 86351
In this zip code, you will find a majority of single family homes nestled between some red rock formations. Bell Rock, Courthouse Butte, Castle Rock and the back side of Cathedral are the most notable of the formations. You will also find more than a couple of golf courses including an executive 9 hole course. Even though there is some shopping, entertainment, restaurants, and lodging. The majority of the zip code has more affordable housing than the zip code of 86336.
VOC/Big Park – Golf – Golf – Golf!
January 2019 Big Park VOC – When it comes to Big Park/Village of Oak Creek real estate & Golf Resort homes for sale, you only need to go to the Village of Oak Creek (VOC) to fulfill your dream. Homes are sprinkled around the 45 holes on two golf resorts and one executive golf course. For those who enjoy this sport, there is a home for you either close to or on a golf course. But for those who like the serene atmosphere and beauty of a home straddling one of the beautiful and well manicured fairways this may be right for you as well!
Always use the median price to track trends. The median means that half the homes are higher and half are lower. If the highest priced home is well over a million dollars this will drive the average price of homes up substantially. Average price is not a good indicator of how the market is doing.
Characteristics By Quartile
January 2019 – Big Park / VOC Sedona AZ 86351 Homes For-Sale
Select Links Below To See Sedona Single Family Homes In Each Price Range
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The listings above can change at any given time based on homes being added or subtracted from the Multiple Listing Service (MLS).
Supply and Demand – (VOC) Sedona 86351
How the Market is Doing
Median Price
The Median Price in January 2019 for Big Park/VOC has increased from $567,000 in May to $569,000. All quartiles are up except the bottom quartile which is off by $400…basically flat. However the top quartile reached a peak around October 2018 and has steadily dropped until January of 2019.
Interactive chart below will continue to show current market information
Inventory
Inventory has shown a significant decrease since late December of 2018.
Interactive chart below will continue to show current market information
Days On Market (DoM)
Days on Market (DoM) – The properties in VOC – Big Park and Pine Valley have been on the market for an average of 134 DoM. Overall there is around a 4.5 month supply of homes on market. This is an increase of around 1 month since last May. The top bracket is at 6.4 months supply. It has been moving up since mid-July. Other than the top bracket, the rest are in a strong seller range. About 6.5 to 7.5 months supply of homes is the break for buyer vs. seller advantage.
Interactive chart below will continue to show current market information
Buyer or Seller Market? (MAI)
The Market Action Index – The MAI has been above 30 for most of 2018 except for the top bracket. A home that has been on market for 190 days may allow for some negotiation. There is such low inventory in the 86336 zip. Chapel area, Uptown and West Sedona that buyers are moving into the VOC area to purchase a home. It is much harder for a buyer to take a strong negotiating stand because other buyers may be in play.
Interactive charts below will continue to show current market information
Bottom Line
Overall the real estate market for Village of Oak Creek continues to have very low inventory. Key in on how long a home has been sitting on the market. The reason some homes are stale is because the seller is not willing to drop the price of the home. Keep that in mind when negotiating.
Millionaires’Row VOC Big Park 
Luxury Market
As of 01/15/19
One note: 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 increased from $882,500 in October to $1,060,000 for the top 10% of the market. This figure is based on the last 6 months of sold listings. The top 10% of active listings (which is different from sold listings) has moved to $1,250,000 in January 2019. 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)
When You Need A Real Estate Professional…
After decades of buying and owning multiple single family homes and town homes, and as an experienced real estate professional, I have a unique perspective to help clients. In today’s seller’s market, buyers can’t do it without help from a professional. The REALTOR® has the experience and understands what needs to be done to help secure a home for the buyer at the best price and conditions. This report is a quick look to give a snapshot of the market. Whether you are a buyer or seller, I will provide a thorough analysis of any property to make sure the market value is at the proper price point. My ability to market property is unsurpassed. See my extensive portfolio here.
If you have questions about Sedona market conditions or other information on the Sedona real estate market, please contact me at 928.274.7355 .5 .
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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.”
Disclaimer: Listing information deemed reliable but not guaranteed – SVVAR Broker
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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Mae West stayed at the Cottonwood Hotel before she was famous. She spent time in the historic section of Old Town during the heyday of Prohibition. Mae frequented all the Speak-Easy hide-aways up and down Main street. Visit this website to learn more about the history as well as the historic Cottonwood Hotel and dining/bars in the area. (source: Wikipedia) 
