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Sedona AZ 86336 Homes For Sale – January 2019 Market Conditions

Sheri Sperry January 16, 2019

How’s The Market Doing?

Homes For-Sale
Sedona Arizona 86336
January 2019 ~ REAL TIME Market Report & Analysis

January Infographic Luxury Homes for sale

Learn More About Sedona Arizona 86336

Courtesy of Sheri Sperry ~

Coldwell Banker Residential Brokerage 

Sheri Sperry Coldwell Banker Sedona Realtor Sedona December Market Report

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 Homes For-Sale

Report 01/14/19

sedona-january-2019-market

Sedona January Market Report

 

As you research the Sedona Homes For Sale and January Market Report, 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

 

January ’19 – Sedona AZ 86336 Homes For Sale

 

sedona-january-2019-market


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 AZ


Select Links Below To See Sedona Single Family Homes In Each Price Range 

 

There are 57 Sedona homes for sale (currently) priced at $1 million and over  

$700,000 to $999,999 returned 26 Sedona homes for sale –

$495,000 to $699,999 returned 27 Sedona homes for sale – 

$494,999 and under returned 17 Sedona homes for sale – 


Supply and Demand – Sedona 86336 


Median Price

Currently the Median Price is at $896,000.  At the end of October, it was $892,500. The top 2 quartiles are in the 7 figure range. All but the top quartile increased from October.  The top quartile which peaked at the beginning of August moved from a median price in October 2018 of $2,199,000 to $2,127,500 currently in January 2019. This is a drop of over $71,000.  

Interactive chart below will continue to show current market information

Large Chart


Inventory

The Inventory is on a downward trend since it hit a high point in mid December. 

Interactive chart below will continue to show current market information

Large Chart


Days On Market

Days On Market – Overall, the DOM continues to trend to 197 currently.  Luxury homes that were selling in the summer months are continuing to go stale.. The average home is selling in 6.4 months. Homes in the top tier $2,199,000 sell in 10 months.

Interactive chart below will continue to show current market information


Large Chart


Market Action Index

The Market Action Index – “30” is the break even point between seller vs buyer advantage.  The overall index is buyer market, however, if you look at the chart below, you will see that all tiers but the top tier are above 30 and trending higher.  This means that buyers should be able to make a good deal at the top tier level. Watch for the number of days on market and look for “price drops”. This may indicate motivated sellers.

Interactive chart below will continue to show current market information

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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 2018 Market weakened over the summer of 2018 with the top tier softening the most. The luxury market inventory is slightly lower than last year.  If buyers can find a home that has been on the market for awhile, you may be able to get a good deal. Also multi-million dollar homes may have motivated sellers.

Buyers are looking, but not always finding what they want. The mortgage rates have improved somewhat. This has had a positive affect on buyers coming out. Many buyers prefer the west side of Sedona often called West Sedona. It has a majority of small business, shopping centers, restaurants, and professional services.  Prices are up about 23% higher in West Sedona, comparing this to the Village of Oak Creek. 

 

Luxury Market

As of 01/16/19

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 higher from $1,998,500 in October to $2,200,000 currently. This is a $200,000+ increase – 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 

 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 .


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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