SOLD - Luxury Home Renovation - Chapel Area, Sedona AZ 86336

Luxury Home Renovation - Broken Arrow East

3 BD  |  4 BA  |  3155 SF   |   .77 Acres

1 Level   |    2 Patios   |   Adobe Construction

Red Rock Views   |   Cul-de-Sac Location

Attached Garage

This single level home boasts a spectacular location, tucked back on a private lot surrounded by the beauty of Sedona’s red rock country. It’s bright and sunny with an open floor-plan, chefs kitchen, and beautiful flagstone flooring. The main bedroom suite has ample closet space and features a custom en-suite with a walkthrough shower and soaking tub. Plenty of outdoor space for entertaining and relaxing while catching the awesome views.

• Area: 44 – Little Horse Park
• County: Coconino
• Subdivision: Broken Arrow Estates
• Location Details: Cul-De-Sac
• Description: Provided by listing broker. HUD home – Sold as is
• All images: Courtesy of Listing Broker and Broker Reciprocity

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See All Categories --> Real Time Sedona Market Report

Median List Price - $1,700,000

Price per Square Foot - $408

Median Days on Market - 49

Inventory - 45

Market Action Index (MAI) = 47 (Strong Seller's Market)

   The MAI answers "How's the Market" by comparing rate of sales versus inventory.  The break even point between a Buyer's Market and Seller's Market is an MAI on 30. 

1March 2020

One year ago...

Median List Price was - $834k

Price per Square Foot - $314

Median Days on Market - 123

Inventory - 138 

Market Action Index - 32 

It's pretty obvious that the inventory is affecting the Days on Market and causing the upward pressure on pricing. Most homes have multiple offers within the first couple of days.