May 2017 - Cornville Market Conditions - AZ 86325

By
Real Estate Agent with Coldwell Banker Residential Brokerage NRDS # 146013739
https://activerain.com/droplet/55m2

How's The Market Doing?

Homes For-Sale

Cornville - Verde Santa Fe - Page Springs

Arizona 86325

May 2017 ~ Market Report & Analysis

~ ~ ~

Cornville April Market Report

Homes On Golf Course - Returned 2 Results - Sedona Arizona 86351 - (-1)


Learn More About Cornville - Verde Santa Fe - Page Springs

Courtesy of Sheri Sperry 

YOUR Solutions REALTOR®

Coldwell Banker Residential Brokerage

May Cornville Market Report Sheri Sperry Coldwell Banker Sedona Realtor

 Check out the most current monthly reports in the Sedona Verde Valley at

SEDONAMARKETREPORTS.com

~~~

Cornville Arizona 86325 Homes For-Sale

Report 5/29/17
Cornville - Page Springs - Verde Santa Fe - Market Report

  May Cornville Market Report

 
May Cornville Market Reports will also cover Page Springs Verde Santa Fe market as well. 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.

Cornville AZ 86325 which includes the community of Page Springs and Verde Santa Fe, is growing among those looking at buying homes for sale. Many homes such as the neighborhoods and sub-divisions of Verde Santa Fe are newer homes with great appeal. Verde Santa Fe (VSF) has several neighborhoods that appeal to a variety of residents and buyers. VSF amenities abound, from gated communities, two clubhouses, neighborhood and community pools and a golf course where residents can belong to the VSF Men’s Club or Ladies League. Call golf course for more info and pricing @ 928-634-5454.

These Cornville Market Reports will highlight 86325

As a bedroom community of Sedona, and it’s close proximity to Cottonwood can be very appealing to many people. Cottonwood has big box stores such as Home Depot and Wal-Mart as well as the Verde Valley Medical Center. This is very appealing to many who need to be near medical facilities, doctors and other professionals. Many doctors live in Verde Santa Fe or Cornville because of it's close proximity to the Medical Center in Cottonwood.

Always use the median price to track trends. The median means that half the homes are higher and half are lower. If the highest priced home is well over a million dollars this will drive the average price of homes up substantially. Average price is not a good indicator of how the market is doing.

 


Characteristics By Quartile

 

May '17 - Cornville - Verde Santa Fe - Page Springs - AZ 86325 Homes For-Sale

May Cornville Market Report


 

SEARCH FOR ALL HOMES FOR SALE IN CORNVILLE-PAGE SPRINGS-VERDE SANTA FE

Select Links Below To See Cornville Single Family Homes In Each Price Range 

 

There are 2 Cornville homes for sale (currently) priced at $1 million Plus - (-1)

 ~ ~ ~

$459,000 and up returned 8 Cornville homes for sale - (-4)

$294,000 to $458,999 returned 12 Cornville homes for sale - (No Change)

$239,000 to $293,999 returned 10 Cornville homes for sale - (-1)

$238,999 and under returned 11 Cornville homes for sale - (-1)

~ ~ ~

FIND ONLY HOMES IN VERDE SANTA FE = 14(-3)

The listings above can change at any given time based on homes being added or subtracted from the Multiple Listing Service (MLS).

Supply and Demand - Cornville - Page Springs - Verde Santa Fe Arizona 86325

How the Market is Doing?


Median Price 

The Median Price is off $5000 from May. 

 

Interactive chart below will continue to show current market information

 

Large Chart

 

Inventory

Inventory continues to be low. As noted by the chart below, Spring inventory started to show a bump, but continues to drop in all quartiles. 

 

 Interactive chart below will continue to show current market information

Large Chart

 

Days On Market (DoM)

The Days on Market (DoM) are down by about a week from early May. The overall DoM is at 5 months which is in the Seller zone. the lowest tier has dropped to 39 days which is pretty significant. 

If you are interested in a value priced home don't wait to make an offer! 

 
Interactive chart below will continue to show current market information

 

Large Chart

Buyer or Seller Market? (MAI)

The Market Action Index - The MAI continues to show a strong seller market. In April the top quartile was well below the neutral zone in the buyer zone. Now it is in a strong seller MAI. 

Interactive charts below will continue to show current market information

Large Chart

 

Bottom Line

Overall the real estate market for Cornville, Page Springs and Verde Santa Fe continues to have very low inventory. This market is in a strong seller zone. Buyers do not have much room to negotiate because there is another buyer waiting in the wings. My recommendation is to look for homes that have been sitting on the market for a long period of time. Homes that need some work or upgrades may have room for negotiation. 

Luxury Market For Sedona

One note: The SEDONA Luxury Market has a price point of $860,000 for the top 10% - (November 2016-May 2017). This figure is based on the last 6 month’s of sold listings for all of Sedona.

Cornville

The top 10% of closed listings in Cornville for the period of November 2016 to May 2017, is $450,000. The top 10% of active listings (which is different from sold listings) is at $509,000 for Cornville. – This just gives you an idea of how the active market compares to the sold market for the top 10%. 

The Sedona Luxury Real Estate Professionals which Sheri Sperry is a past-president uses the definition above for defining a luxury listing. The Luxury Market is measured using 86336, and 86351 zip codes.


 

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.


 

To learn more about these market reports please visit: The Discover SellSedona.com or visit Market Stats on SellSedona.com. 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)  


Sheri Sperry Coldwell Banker Top RealtorABOUT ME: “Many buyers and sellers are skeptical about salespeople. So am I! But, I am not a typical salesperson. I put myself in your shoes and help you make decisions based on how I would want to proceed if I were you. In other words, what steps would I take and what is right for you? How will this transaction be beneficial for you? How will it help you move forward with your goals? How can I make it as smooth and pleasant as possible? What is in your best interests as we move forward?

Let’s face it, you won’t really know that I am not a typical salesperson until you get to know me. I am confident you will feel at ease and comfortable knowing I can find solutions for you. If you don’t feel that way, please let me know. I want to be the best I can for you."

"I am YOUR Solutions REALTOR®” ~ Sheri Sperry


Disclaimer: Listing information deemed reliable but not guaranteed – SVVAR Broker

EqualHouse-Brker-Recip-copy-2

A paid subscription service is provided by SellSedona.com and Altos Research to determine "How the active market is doing". This Market Report is for single family residential only. No other housing segment is being analyzed. Analysis of Market Research and trends are based on opinion, experience, past & current statistics and other information. It is deemed reliable but not guaranteed.
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Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Sheri.  Thanks for keeping us informed about the Cornville, Verde Santa Fe, and Page Springs real estate market.

Jun 23, 2017 03:44 AM #1
Rainmaker
3,857,189
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Sheri Sperry - MCNE® ,

Excellent market report on the Cornville, Verde Santa Fe, and Page Springs real estate market. Looks like price/SF going up and inventory going down. Thanks for the update!

Jun 23, 2017 04:36 AM #2
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Jun 23, 2017 05:37 AM #3
Ambassador
2,799,831
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Sheri -

I feel really bad that I haven't commented on your posts for the last several days, and even worse that I'm drive-by commenting today - but as you see, I have an excuse - today is moving day.

Moving
My back aches, and my knees are on their last legs . But tonight, we'll be in our new home, with a renewed appreciation of what out clients go through. I'll be back to commenting again soon. Have a great weekend!

Jun 23, 2017 09:26 AM #4
Rainmaker
3,424,258
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Sheri - I think your recommendation for buyers currently looking in Cornville - Page Springs - Verde Santa Fe -- is spot on.   Properties that have been on the market without selling or may not show well can often be the difference between "winning" and continuing to look for homes.      

Jun 24, 2017 05:09 AM #5
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Rainmaker
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Sheri Sperry - MCNE®

(928) 274-7355 ~ YOUR Solutions REALTOR®
Don't know Sedona AZ? Let me answer EVERY question! Call me!
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