May 2014 residential sales summary for Sedona Arizona

By
Real Estate Agent with Russ Lyon Sothebys International Realty

May 2014 residential sales summary for Sedona Arizona

 

The real estate market for Sedona Arizona is currently very stable.  The median sale priceGraph of sale prices in Sedoan Arizona for residential properties in May 2014 was $422,775.  The median sale price for May 2013 was $405,000.  A median sale price increase of 4% in May 2014.  There were 42 closed residential listings in Sedona during May 2014.

 

The year to date sales statistics shows an almost identical number.  The median sale price for 2014 was $384,500.  The median sale price for 2013 was $385,000, a year to date decrease of .13% in 2014. 

 

The median cumulative days on market for May 2014 were 162 days.  In May 2013 the median cumulative days on market were 116 days, an increase of almost 40% in May 2014. 

 

The year to date median cumulative days on market for 2014 was 134 days.   The year to date median cumulative days on market for 2013 was 130 days, an increase of 3% in 2014.

 

The median listing prices for May 2014 was $571,950.  The median listing price for May 2013 was $491,490, an increase of 16% in May 2014. 

 

The median year to date listing price for 2014 was $499,000.  The median year to date listing price in 2013 was $459,000, an increase of 8% in 2014.

 

So with the median year to date sales prices being almost identical and the median cumulative days on market showing only a small increase, the overall real estate market for Sedona Arizona is showing a lot of stability. 

 

Statistic 14-May 13-May % Chg 2014 YTD 2013 YTD % Chg
Absorption Rate 9.63 10.43 -7.67 9.05 8.97 0.89
Average List Price 771953.97 779236.7 -0.93 704621.78 745403.76 -5.47
Median List Price 571950 491939.5 16.26 499000 459000 8.71
Average Sale Price 524213.75 494243.55 6.06 471727.46 437739.77 7.76
Median Sale Price 422750 405000 4.38 384500 385000 -0.13
Average CDOM    300 198 51.52 167 205 -18.54
Median CDOM     162 116 39.66 134 130 3.08
           
             
 

All information provided is deemed reliable but not guaranteed. 

           
             
             
             
             
             
Posted by

 

Mark Sperry Realtor Sedona Arizona

   Mark Sperry

    Realtor®

 

     Russ Lyon Sothebys International Realty

     1370 W. State Rte 89A, Ste 9

     Sedona, AZ.  86336

 

     (928) 380-5213 – Direct

     Find the Best Sedona Real Estate 

 

Fair Housing

 

 

              

 

 

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