How's The Market Doing?
Homes For-Sale Sedona Arizona 86336
December 2016 ~ REAL TIME Market Report & Analysis
Learn More About Sedona Arizona 86336
Courtesy of Sheri Sperry ~ Coldwell Banker Residential Brokerage - Sedona
Your Solutions Realtor®
Check out the most current monthly reports in the Sedona Verde Valley at SEDONAMARKETREPORTS.COM
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Sedona Arizona 86336 Homes For-Sale
Report 12/26/16
Sedona December Market Report
As you research the Sedona December market report and homes for-sale, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index (MAI) above. Altos Research uses a complex algorithm to provide the MAI.
Sedona Information
Sedona 86336 is the heart of Sedona. There are two zip codes 86336 and 86351. These Market Reports will highlight 86336. In this zipcode, 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. Sedona 86336 is basically areas such as the Chapel area, Uptown, West Sedona, the Airport Mesa area and Red Rock Loop.
Supply and Demand - Sedona 86336
Inventory
Inventory -The inventory has hit new lows for the year. There are 40 less homes on market since early November. In the first half of the year, there was little movement in the luxury market; however, since September, 8 more homes have been sold. One more home sold in November. This is good news for the Luxury market.
Days On Market
Days On Market - Trends are moving significantly upward. In the last 6 weeks, the DOM across all quartiles has moved up an average of 37 days!
Bottom Line
As stated last month interest rates have been increased by the Fed. However, the Sedona 86336 market is steady right now. There may be some deals to be had because DOM is higher across all quartiles. One reason that the DOM is showing an increase is because the homes that are selling fast with a lower DOM are pushing the average up on homes that have been sitting on the market for a much longer time. This could mean that those sellers are ready to deal to get their homes in to contract. It should be noted that because these homes have been sitting longer, does not mean that a seller is more motivated to sell.
Buyer or Seller Market ? (MAI)
The Market Action Index has maintained a MAI of 27. However the individual quartiles are all showing an upward push from November. Even the Luxury quartile, which is in the Buyer's Advantage range, has shown upward movement from 24 to an index of 26. The other 3 quartiles are solidly in the seller zone,
Luxury Market
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. The Luxury Market is measured using 86336, and 86351 zip codes. The price point is at $900,000 for the top 10% of the market. This figure is based on the last 6 month's of sold listings. The top 10% of active listings (which is different from sold listings) is at $1,500,000. - This just gives you an idea of how the active market compares.
To learn more about these market reports please visit the Learning Center or visit Market Stats on my website.
Sedona December Market Report
Characteristics per Quartile
December 2016
To learn more about these market reports please visit:
The Discover SellSedona.com or visit Market Stats on my website. Reports are generated weekly on Mondays
*Please Note: As new listings hit the market and homes close or fall off, the number of Sedona homes for sale will fluctuate daily based on the Multiple Listing Service (MLS) detail. The local MLS for this area is Sedona Verde Valley Association of Realtors (SVVAR)
Search For Sedona AZ 86336 Property By Bracket
Select Links Below To See Sedona Single Family Homes In Each Price Range
There are 42 Sedona homes for sale (currently) priced at $1 million and over (-1)
$700,000 to $999,999 returned 36 Sedona homes for sale - (-6)
$400,000 to $699,999 returned 49 Sedona homes for sale - (-24)
$399,000 and under returned 29 Sedona homes for sale - (-9)
Interactive chart below will continue to show current market information
Interactive chart below will continue to show current market information
Interactive chart below will continue to show current market information
Interactive chart below will continue to show current market information
Interactive chart below will continue to show current market information
MAI or Market Action Index answers the question “Hows the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller’s advantage. Below 30, conditions give the advantage to the buyer.
SEARCH FOR ALL HOMES FOR SALE IN SEDONA
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