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October 2016 ~ Cornville ~ Market Reports

Sheri Sperry October 28, 2016

Cornville/Page Springs – Arizona 86325

October 2016 Market Conditions

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Prepared for you by Sheri SperryRe/MAX Sedona

YOUR Solutions Realtor®

 

Check out the most current monthly reports in the Sedona Verde Vallley at REMAXSEDONA.NET

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May Cornville real estate Market conditions - ReMax Sedona Golf Homes for sale

Homes On Golf Course – Returned 5 Results – Cornville Arizona 86325 (-2)

October – Cornville AZ 86325 – Homes For Sale

Report October 24, 2016

October-2016-Market-Report

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.

Cornville Information

Cornville 86325 which includes the community of Page Springs, is growing among those looking at buying homes for sale. Many homes such as the neighborhoods and sub-divisions of Verde Santa Fe are newer homes with great appeal. Verde Santa Fe (VSF) has several neighborhoods that appeal to a variety of residents and buyers.   VSF amenities abound, from gated communities, two clubhouses, neighborhood and community pools and a golf course where residents can belong to the VSF Men’s Club or Ladies League. Call golf course for more info and pricing @ 928-634-5454.

The Cornville area is also a bedroom community of Sedona, and it’s close proximity to Cottonwood can be very appealing to many people.  Cottonwood has big box stores such as Home Depot and Wal-Mart as well as the Verde Valley Medical Center.  This is very appealing to many who need to be near medical facilities, doctors and other professionals.

These Market Reports will highlight Single Family Homes in Zip Code 86325.

Check the interactive charts below.  These charts are always current and up-to-date with a Wi-Fi or Internet connection. 

Supply and Demand – Cornville

Median Price

The median price is trending in a positive direction very slowly for all quartiles except the top quartile which shows a peak.  

Inventory

The inventory hit bottom at the beginning of July.  Since then, it had been slowly rising over all quartiles. Currently, the market has 6 less homes in inventory and moving downward

Days On Market

The Cornville AZ 86325 DOM (days on market) continues to trend upward. Overall the DOM has increased by 17 day for the entire market.. With inventory coming down. the DOM may soon follow. 

Market Action Index (MAI)

Right now, the MAI is moving upward rapidly.  Three of the four quartiles are at 40 or above (solid seller zone).  Thirty is the cutoff for seller/buyer advantage. This might be why pricing is showing slight upward movement. If you look at the chart you will see that the peak MAI was July 1st.  All 4 quartiles are trending up and the overall market is moving toward the seller’s zone. 

BOTTOM LINE —> Similar to last month, there is not a lot of inventory to choose from. If you find a home you like, you should act on it and make the best possible deal and always seek the advice of a Realtor® such as Sheri Sperry Top ReMax Sedona Realtor.  A lot of people fail to realize that Cornville is a bedroom community of Sedona. It is only 20 minutes away and rarely ever has a traffic issue. 


Cornville Luxury Market

One note: The Luxury Market for Cornville currently sits at a price point of $599,000 and above. only five homes are available in this category. 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.


 

To learn more about these market reports please visit the Learning Center or visit Market Reports on my website.

Cornville AZ 86325

Characteristics per Quartile

October-2016-Market-Reports-Quartiles

 

There is NO Cornville home for sale (currently) priced at $1 million and over – (NONE)

$425,000 and up – returned 17 Cornville homes for sale – (No Change)

$349,000 to $424,999 returned 13 Cornville homes for sale – (+1)

$249,000 to $348,999 returned 13 Cornville homes for sale – (-2)

$248,999 and under returned 10 Cornville homes for sale – (-5)

The listings above can change at any given time based on homes being added or subtracted from the Multiple Listing Service (MLS).


Interactive charts below will continue to show current market information


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