How's The Market Doing?
Homes For-Sale
Cornville - Verde Santa Fe - Page Springs
Arizona 86325
May 2017 ~ Market Report & Analysis
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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
Check out the most current monthly reports in the Sedona Verde Valley at
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Cornville Arizona 86325 Homes For-Sale
Report 5/29/17
Cornville - Page Springs - Verde Santa Fe - 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
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)
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$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)
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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
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
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
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
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)
ABOUT 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
. 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!
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