Sedona Arizona 86336
Market Reports
Prepared for you by Sheri Sperry - YOUR Solutions Realtor®
284 Back O Beyond Circle - Sedona Arizona 86336
Listing ID 507988 Offered by ReMax Sedona
Sedona Arizona 86336 Homes For Sale
Report 2/22/16
First of all these 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.
Sedona 86336 is the heart of Sedona. There are two zip codes 86336 and 86351. These Market Reports will be 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.
As discussed in January, the Sedona market has been stronger than normal for the winter months. This trend continues in February. In Sedona 86336 which is basically areas such as the Chapel area, Uptown, West Sedona, the airport area and Red Rock Loop, prices are continuing a strong trend upward ($14,000 higher) though inventory remains the same from the report published in January at 163.
The Market Action Index is showing a strong downward trend, however it has moved up one tenth of a point from the January report. The top Quartile is continuing to move downward. Last month it was at 25 and this month it is at 24. The 2nd Quartile has moved below 35 dropping to 32 and is trending strongly downward as well. The bottom two quartiles are still above 35 or higher which is a pretty strong seller market. There is good news for sellers in the bottom quartile ($400,000 median), The bottom quartile is higher than any point going back to April of 2013. It is a very strong sellers market.
Overall, buyers may find some reasonable areas of selection because it is a Buyer's Advantage, however not a strong advantage. Homes in the 4th Quartile are continuing to sell in less than 100 days and the seller is definitely in the driver seat!
One note: The Luxury Market has a new low price point of $731,000. This price point normally averages closer to $1 million. 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.
To learn more about these market reports please visit the Learning Center or visit Market Reports on my website.
There are 54 Sedona homes for sale (currently) priced at $1 million and over
$700,000 to $999,999 returned 36 Sedona homes for sale
$400,000 to $699,999 returned 62 Sedona homes for sale (11 new listings from January)
$399,000 and under returned 47 Sedona homes for sale
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