Housing Market Report for Sedona, AZ for November 2014
Real estate market data for Sedona, AZ provided by Jack Whiteside of Keller Williams Check Realty.
Sedona Home Prices
Year to date home values continue to rise in Sedona, Az. though not as robust as a year over year comparison as 2013. The median house price in Sedona, Az. as of November 2014 is $370,345. Just over 400 homes are currently on the market which represents a slight increase of about 46 homes year to date compared with last year. The median days on market for homes to sell is 147 days which is a decrease as a year over year comparison.
Sedona Home Inventory
If you are interested in how much current inventory is on the market in Sedona you can find that information by clicking on the link. In October of 2014, there were a total of 386 homes on the market and 10.5 months worth of inventory.
Monthly Homes Sold & Under Contract in Sedona
There were 37 homes sold in Sedona in October 2014 and 64 went under contract. We see a significant increase in last years numbers during this month.
Monthly New & Expired Homes in Sedona
75 new homes went on the market in Sedona last month.
Median Sales Price, Days on Market & List to Sell Ratio in Sedona
Currently in Sedona, homes have a average median time of 147 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sedona sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers.
As you can see from the graph below, listings are selling close to asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Sedona home on which you are making an offer.
How Sedona Stacks Up to Nearby Cottonwood & Flagstaff
Cottonwood, AZ homes continue to show signs of increased value. A year to date comparison saw the average home increase by an average of just above $20,000 to $157,424. The median inventory supply has risen slightly on a year over year comparison by 1% to 4.7% which still shows a strong sellers market.
Find Homes for Sale in Sedona AZ
When selling or buying a home choose the power of a strong real estate agent and the largest real estate company in North America. I will sell your home for more money, in less time with the least amount of stress. What is your home worth? Call Jack Whiteside, Keller Williams Check Realty at 928-554-5021 or wisit www.yavapaihomes.com.
Visit my website to search for homes in Sedona or to be notified when Sedona homes come on the market.
To find out what your Sedona home is worth in the current market email me or call 928-554-5021.
Thank you for reading this Housing Market Report for Sedona, AZ for November 2014.
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