Cottonwood AZ 86326 - December Market Report and Homes For Sale

By
Real Estate Agent with Coldwell Banker Residential Brokerage NRDS # 146013739

 Homes For-Sale 

Cottonwood Arizona 86326

December 2016 Market Report

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Prepared for you by Sheri Sperry - Re/MAX Sedona

Sheri Sperry ReMax Sedona & Sellsedona.comYOUR Solutions Realtor®

 

Check out the most current monthly reports at REMAXSEDONA.NET

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Cottonwood AZ - December Homes for Sale - ReMax Sedona Sheri Sperry

Learn More About Old Town Cottonwood Arizona 86326


Cottonwood AZ 86326 - Homes For-Sale

Report 12/26/16

Cottonwood AZ December Market Report & Homes for saleThese 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.

Cottonwood Information

To analyze the Cottonwood AZ Market Report, An understanding of the city is helpful. It is about a half hour south of Sedona and located off highway 260 and the 89A.  Cottonwood is known for it's big box shopping centers and is also known for the Verde Valley Medical Center.  There are many medical offices around the hospital that provide all the services you might need. Go to LifeInSedona.com and select Cottonwood for more information. Old Town Cottonwood has been completely renovated in the last few years.  It has the charm of the Old West and the modern flair of contemporary restaurants and boutique shopping.  One of my favorite gourmet food stores is the Verde Valley Olive Oil Traders.  You must go in there and taste the ultra fresh olive oils and balsamic vinegars they offer.  This Old Town experience is another reason that the Cottonwood, Clarkdale and Cornville areas are thriving.  Not only does this area bring tourism but the locals are fully invested in it's success!

Cottonwood AZ December Market Status

Median Price

The Median Price has increased from $279,450 in November to $299,900. There has been a steady increase since July 2016 in the median price.

Inventory

When you look at the trend lines on the charts below, you will notice that Inventory was at it's lowest level near May 2016, for all quartiles. The inventory Is rising slowly. Currently, 7 properties are on market more than November. There continues to be 4 listings over $1 million. 

DOM - Days On Market

The Top quartile which has a median price of $525,000 - down from $579,000 is showing an average days on market at 245 which is up 27 from last month. Overall, DOM has increased to 135 from 119 and is showing a strong upward push in both the top and bottom quartiles. The bottom quartile is 29 days higher than last month.

MAI

The Market Action Index MAI for the top tier is below 30 and may have bottomed out at 22 in July. Currently it is above 26.  This has stabilized. In contrast the MAI for the 3 other quartiles are mixed. However, the other 3 quartiles are converging and there has been a strong downward trend in quartiles 2 and 3. 

Seller Zone

Cottonwood is in the seller zone overall and median prices continue to show increases.   Keep your eye on the MAI . The top quartile is the only one in the buyer zone and seems to have stabilized.. The MAI was very high in the summer months and has significantly weakened as the year moved on.  Weakening the seller position.   

The homes in the Cottonwood area are priced more competitively than Sedona. You get more home and property for the price.  Also it is an easy drive to Sedona to enjoy the beauty of that area.

BOTTOM LINE:  

Buyers may find some relief in the top quartile.  The homes in the top range, do not compete well with the more desireable location of Sedona. This may be the reason that this zone is not moving well. There may be some deals to be had in the other 3 quartiles as well.  The median price of homes may be causing some of the flux in the other indices because of the stronger position of median price, over the last few months.  This may cause the median price to weaken going forward. 


 

Characteristics By Quartile

December '16 - Cottonwood Homes for Sale

Cottonwood AZ December market report homes for sale

To learn more about these market reports please visit:

The Learning Center or visit Market Stats on my website.

Reports are generated weekly on Mondays

 


Select Link Below To See Cottonwood Single Family Homes in Each Price Range

(Top 10%) of currently listed homes starts at $569,000 for Cottonwood 

 4 homes are over $1 million - no change from September

13 Cottonwood homes for sale are (currently) priced at $500,000 plus - (-3)

$250,000 to $499,999 returned 51 Cottonwood homes for sale (+21)

$175,000 to $249,999 returned 17 Cottonwood homes for sale - (-13)

$174,999 and under returned 17 Cottonwood homes for sale  - (+2)


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Interactive chart below will continue to show current market information


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Interactive chart below will continue to show current market information


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Interactive chart below will continue to show current market information


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Interactive chart below will continue to show current market information


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Interactive chart below will continue to show current market information


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MAI or Market Action Index answers the question “How's the Market?” by measuring the current rate of sale versus the amount of inventory. Index above 30 implies a seller's advantage.  Below 30, conditions give the advantage to the buyer. 

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Rainmaker
4,509,173
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Cottonwood home sellers will be in very good hands when they select you as their listing agent.

Jan 03, 2017 05:20 PM #1
Rainmaker
1,360,224
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Sheri Sperry - MCNE®, detailed market information on Cottonwood AZ. Buyers and sellers would be in great hands with you as their real estate agent.I LOVE the photos! 

Jan 03, 2017 05:34 PM #2
Rainmaker
3,232,158
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sheri

Your detailed real estate market report for Cottonwood Arizona 86326 shows an active real estate market.

Good luck and success.

Lou Ludwig

Jan 03, 2017 06:35 PM #3
Rainmaker
3,919,029
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in your area should call you to be their agent.

Jan 04, 2017 06:08 AM #4
Rainmaker
3,444,302
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri, GREAT information for Cottonwood, and what a beautiful photo!  

Jan 04, 2017 07:01 AM #5
Rainmaker
2,831,969
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Sheri - this is a comprehensive look at the Cottonwood real estate market. You provide so much more than mere numbers with your insight into the area amenities.   It really gives the reader a "feel" for what they will find when they come for a visit...and for what hopefully turns into a more permanent stay.  

Jan 04, 2017 09:27 AM #6
Ambassador
2,288,943
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Very in-depth look at the Cottonwood real estate market.  I love all of the photos you have included.

Jan 04, 2017 09:44 AM #7
Ambassador
3,592,271
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Prices look like they are continuing to climb. This is good news for sellers wanting to come on the market.

Jan 04, 2017 10:48 AM #8
Ambassador
1,657,454
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

wonderful market report  Sheri Sperry - MCNE® on Cottonwood Az  .Beautiful picture as well

Jan 04, 2017 12:14 PM #9
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Rainmaker
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Sheri Sperry - MCNE®

(928) 274-7355 ~ YOUR Solutions REALTOR®
Don't know Sedona AZ? Let me answer EVERY question! Call me!
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