Cornville AZ Homes For Sale - October 2017 Market Report

By
Real Estate Agent with Coldwell Banker Realty NRDS # 146013739

How's The Market Doing?

Homes For-Sale

Cornville - Verde Santa Fe - Page Springs

Arizona 86325

October 2017 ~ REAL TIME Market Report & Analysis

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Cornville AZ Homes for sale -October 2017

Homes On Golf Course - Returned NO 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

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Cornville Arizona 86325 Homes For-Sale

Report 10/16/17
Cornville - Page Springs - Verde Santa Fe - Market Report
Cornville AZ homes for sale - October 2017
Cornville Homes for sale for October 2017, 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

 

 Cornville Homes For Sale October 2017  include:  Verde Santa Fe - Page Springs - AZ 86325

Cornville AZ homes for sale October 2017


 

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

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

 

There are 3 Cornville homes for sale (currently) priced at $1 million Plus - (+2)

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$459,000 and up returned 18 Cornville homes for sale - (+7)

$294,000 to $458,999 returned 20 Cornville homes for sale - (+4)

$239,000 to $293,999 returned 10 Cornville homes for sale - (+2)

$238,999 and under returned 10 Cornville homes for sale - (+2)

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FIND ONLY HOMES IN VERDE SANTA FE = 17 - (+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 down $333,000 to #320,000. The interesting fact is that all but the bottom quartile have increased.

 

Interactive chart below will continue to show current market information

 

Large Chart

 

Inventory

Inventory has added new inventory since last month. The inventory has jumped 17 homes as of 10/19/17.

 Interactive chart below will continue to show current market information

Large Chart

 

Days On Market (DoM)

The Days on Market (DoM) are down 18 days overall. The overall DoM is at 3.7 months which is in the Seller zone. The second tier is up by 1 month and 10 days. The other quartiles, showed decreases.  If you are interested in a value priced home don't wait to make an offer!  It won't be there if you wait. 

 
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. However, it has slipped slightly from 35.9 to 32.6. All but the top quartile are converging on 55 as the MAI. The Fall selling season is stronger than the Summer selling season. So keep that in mind if you are buying a new home. 

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 with signs that are trending up. If the inventory continues to rise, it may affect the Day on Market (DoM). This could affect the median price and MAI. We will have to wait and see if this is the case or not!

Currently, 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. Otherwise, be ready to pay the price the seller is asking. 

Sellers, we are entering a strong season, so now is the time to get your home on market if you are seriously considering selling your home. I can help you get your home on market quickly because we do everything "in house" and don't have to wait to schedule others. Call Sheri Sperry for details -  928-274-7355. 

Luxury Market For Sedona

One note: The SEDONA Luxury Market has a price point of $910,000 for the top 10% - 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 last six months, is $439,000. The top 10% of active listings (which is different from sold listings) is at $587,000 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.



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To learn more about these market reports please visit SedonaMarketReports.com on my website or contact me with questions. 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)

Cornville Map page Springs Verde Santa Fe

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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

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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Show All Comments
Rainmaker
2,191,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hi Sheri: Well, there certainly are a lot more affordable homes in Cornville than there are in Sedona. I was astonished at how high the median prices are there now.

Oct 24, 2017 09:21 AM #1
Rainmaker
3,251,818
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sheri

The October 2017 real estate market update for Cornville Arizona show a strong real estate market.

Good luck and success.

Lou Ludwig

Oct 24, 2017 05:51 PM #2
Rainmaker
1,428,280
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -

Thank you for your comment. Another astonishing fact in Sedona 86336 is there are 55 homes priced over $1 million and 13 of those are priced well over $2 million. Sixty-seven homes is the median break (today) at $849,000!!

Oct 24, 2017 05:57 PM #3
Ambassador
3,377,418
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Another superb market report from a an area I am not familiar with Sheri Sperry - MCNE® 

Oct 24, 2017 09:15 PM #4
Rainmaker
1,428,280
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Paul S. Henderson, CRS, REALTOR®, - Thank you for stopping by. 

Oct 25, 2017 05:22 AM #5
Rainmaker
5,986,350
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate market reports.

Oct 25, 2017 01:27 PM #6
Rainmaker
3,738,039
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Sheri -- there you again spreading the latest real estate news of Cornville - Page Springs - Verde Santa Fe.  You do such a great job at explaining the nuances in the communities you serve.   Your clients are fortunate they have you on their side.  

Oct 26, 2017 07:05 AM #7
Rainmaker
2,255,496
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Sheri - It looks like you have a strong market in the affordable homes.  Thanks for the Cornville AZ market report.

Oct 26, 2017 12:37 PM #8
Rainmaker
3,251,818
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sheri

Cornville Arizona  is positioned to have an outstanding winter season in real estate.

Good luck and success.

Lou Ludwig

Oct 26, 2017 07:47 PM #9
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Rainmaker
1,428,280

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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