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May 2018 Sedona 86336 Condo and Townhouse Market Report and Property For Sale

Sheri Sperry May 11, 2018

 

How’s The Market Doing?

Condos & Townhouses For-Sale
Sedona Arizona 86336
May Sedona 2018 ~ Condo Market Conditions & Analysis

Sedona condos & townhouses for sale

Learn More About Sedona Arizona 86336

Courtesy of Sheri Sperry ~ Coldwell Banker Residential Brokerage

May Sedona condo market Sheri Sperry Coldwell Banker Sedona Realtor

Your Solutions Realtor®

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

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Sedona Arizona 86336 Condos & Townhouses For-Sale

Report 05/11/18

May Sedona 2018 Condo Market Report

As you research the May Sedona 2018 condo & townhouses for sale and market report, you will notice that these condos and townhouses are substantially more affordable than the single family homes located in West Sedona. Other than the million dollar town homes located in Seven Canyons, most condos are more reasonably priced and will make a great second or vacation home.

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 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. Our condos are located in the West Sedona area.


Supply and Demand

May Sedona 2018 Condo & Townhouse Market Report

Sedona May Condo 86336 market conditions

 

The May 2018 Sedona Condo and Townhouse Market Report and property for sale is showing skewed results due to the addition of luxury town homes at the Seven Canyons Resort. The town houses are starting at $1.1 million called “The Enclave“.

 

 


*Please Note: As new listings hit the market and homes close or fall off, the number of Sedona condos, townhouses, & 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)


Search Here – For Sedona & Verde Valley AZ Property By Category


Select this link (below) to search for Condos and Townhouses For Sale in Sedona AZ 86336

There are 15 Sedona Condos and Townhouses for sale in Zip 86336

 


 Supply and Demand Charts – Sedona 86336 


Closed Stats for January through May

May 2018 Sedona Condo 86336 market conditions

May 2018 Sedona Condo


Inventory

inventory – The inventory was low for the entire 2017 selling season. As you can see the inventory is trending up in 2018.  There are 15 active market condos available through all subdivisions and neighborhoods in Sedona proper (86336 zip code). The inventory is trending higher partially because of all the new townhouse inventory that has hit the market in the recent months. This inventory surplus hit the very top of the market at $1.1 million and higher. Overall inventory may not weaken the seller’s advantage. These are still low numbers and does not indicated a tremendous surge in available condos. 

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Months Supply of Homes for Sale – At the end of April 2018 – the supply of condos is at 3.7 months. – This indicates a seller’s market.

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Median Cumulative Days on Market (DoM) – There were 76 Days on Market at the end of April 2018.  It should be noted that the last time the DoM was under 76 was March of 2015.

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Median Percent of Last List Price – At the end of April, the Sold (Closed) Price was 98.3% of the list price. The last time 98.3% was at that level was August of 2006, almost 12 years ago! This in-dice bottomed out September 2010. Very strong indicator for a seller’s market. 

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Buyer or Seller Market  (MAI)

The Market Action Index is still showing a seller’s advantage at 32.5. However, there are some condos that have been on the market for many months and those sellers might be willing to make a deal.   Basically, buyers should take note of this.  Also, Days on Market (DoM) are also dropping rapidly every month. Buyers should be ready to purchase or they may lose out on the sale. The “Push Pull” point for supply and demand is an MAI of 30. Above 30 is a seller’s market. But there is approximately 3.6 months supply which does not work in the buyer’s favor. This is the lowest number of months available since April 2006.

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Bottom Line

The Sedona 86336 market is steady right now.  The DOM has trended lower, and the inventory is moving higher. Many buyers are looking for the convenience of lock and go residences that are maintained by associations (HOA). However, seasonal shifts such as a softer summer selling season may have some affect on the market. Right now the indicators are very strong and it remains to be seen how much of an affect a seasonal shift might have.

Sellers should consider placing their condos or townhouses on the market based on the current indicators. 


SOLUTIONS FOR SELLERS

If you select Sheri Sperry, she will provide marketing

that most agents reserve for luxury homes only.  

Beside professional photography, – aerial pictures and video are included.

Our marketing materials are customized with you and your home or property in mind.

We ask the question. “What type of marketing will attract the right buyers?

Call Sheri for a custom listing presentation designed especially for you.

 

For more information and expert strategy analysis of your property

Contact Sheri Sperry – Coldwell Banker Residential Brokerage of Sedona – REALTOR®.

 

SOLUTIONS FOR BUYERS 

 

Complimentary Consultation over the phone or in person. 

 

You need a Master Certified Negotiations Expert –  MCNE® working for you!

 


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”. The Market Report displayed is for condos & townhouses 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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