Sedona Arizona 86336
Weekly Real-Time Market Report 2019
Courtesy of Sheri Sperry
Single Family Home Stats
90 Day Trends (May 2, 2019, to Aug 2, 2019)
Median List Price - decreased from $952,403 to $873,153
(7 Day Average moved to $872,000)
Average Days on Market (DOM) - increased from 199 to 201 DOM
(7 Day Average increased to 231) - The top quadrant is driving the DOM higher. It is at 330 days. It must be noted that the top tier is at $1.84 million as a median price.
Inventory - increased from 117 to 183
(7 Day Average and overall average is increasing to 196)
How's The Market?
Market Action Index - decreased from 28 to a 20 - This is a buyer's advantage
(7 Day Average = 20)
The Market Action Index answers the question "How is the Market?" by measuring the current rate of sale versus the amount of the inventory. An index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Sedona real estate median prices plateaued May 10, 2019. This is a buyer's market and the supply of homes listed has started growing relative to demand. If inventory continues to move upward, it is likely that we will see continued downward pressure on pricing.
A Mild Climate with Stunning Red Rock Views
Sedona is a town that is in the transitional climate zone. It is about an hour north of the Sonoran Desert and about 25 minutes from south of the Colorado Plateau. There is a mix of desert flora as well as pine, juniper trees, and forest. Sedona is surrounded by iconic red rocks and buttes. Some areas will have steep canyon walls and there are miles and miles of trails that crisscross the area. Oak Creek has many picnic areas as well as swimming holes. Slide Rock is a popular summer destination.
Sedona - A Vibrant Art and Hiking Community
Though Sedona has a little more than 10,000 residents, the visitor population can swell to 30,000 or more. It boasts a vibrant art community and Uptown is tightly packed with shops featuring Native American and New Age wares, along with galleries, restaurants, hotels, and spas. West Sedona has a dynamic business and shopping district with professional services, restaurants, supermarket, and shopping centers.
Sedona Straddles Yavapai and Coconino Counties
This Sedona weekly real-time market report (link above) covers all the areas in Sedona AZ 86336 including West Sedona, Red Rock Loop, Uptown, Little Horse Park and Chapel area. The map below shows the boundaries of the area of Sedona 86336. There is a little over 19.2 square miles of area.
Sight-Seeing and Recreation Abounds in Sedona
The collection of the Verde Valley natural endowments also includes the 1.8 million-acre Coconino National Forest, which surrounds this city and encompasses seven intriguing wilderness areas. Obviously, the list of sightseeing and recreational amenities, including state parks and national monuments, is extensive. In fact, its hardly a surprise that the winding road through Oak Creek Canyon is not only Arizona’s ﬁrst ofﬁcially designated scenic highway, but it is also the ﬁrst leg of a day trip to one of the world’s great wonders, the nearby Grand Canyon.
Also, see Sedona homes available by category and subdivision
Do YOU have Red Rock Fever? Find out the "cure" below.
Market Report will be delivered to your email address
NOTE: All information presented including, event scheduling, directions and pricing are deemed reliable but not guaranteed. You should check with the organizers, event and attraction website, or management, and organizing team for current information. SellSedona.com is not responsible for inaccuracies or changes to the information provided. Information is provided as a convenience to you. SellSedona.com, Coldwell Banker Residential Brokerage, and Sheri Sperry are not affiliated with or are provided any fees, promotion or consideration for the information contained here. This is merely a public service posting. Websites and URLs are provided for your convenience and not an endorsement for any activity.