How is the Sedona 86336 Real Estate Market Doing?

By
Real Estate Agent with Coldwell Banker Residential Brokerage NRDS # 146013739
https://activerain.com/droplet/5ksX

Sedona Arizona 86336

Weekly Real-Time Market Report 2019

Courtesy of Sheri Sperry

 

Crescent Moon Park

Crescent Moon Park 

 

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. 

 

Conclusion

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. 

 

Sedona Luxury home and pool

 

Current Real Estate Market Report Sedona Arizona 86336

 

 Sedona home gym

Many homes take full advantage of the stunning red rock views

 

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.  

 

More Sedona and Red Rock Country

Also, see Sedona homes available by category and subdivision

 

Do YOU have Red Rock Fever? Find out the "cure" below.

 

Stay Informed ~ Subscribe Here

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. 

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Location:
Arizona Yavapai County Sedona
Groups:
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Posts to Localism
Local Real Estate Market Reports
Market Reports
2019 Market Reports
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Rainmaker
3,089,161
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Sheri... sellers should contact you now to sell before Sedona becomes even more of a buyer's market.

Aug 07, 2019 04:36 AM #3
Rainmaker
5,375,741
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing this report.

Smart consumers are anxious to take advanage of the very attractive mortgage interest rated.

Aug 07, 2019 05:16 AM #4
Rainmaker
3,271,332
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Sheri. Must say, the views are awesome. Enjoy your day!

Aug 07, 2019 05:20 AM #5
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Michael Jacobs

Though we are currently in a buyers market, The Sedona real estate market activity will change in a few short weeks. So buyers can't become complacent. 

Aug 07, 2019 05:24 AM #6
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Barbara Todaro,

The Sedona real estate market is slow after the week of Independence Day and usually goes through mid-September. 

Aug 07, 2019 05:36 AM #7
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander,

The summer is usually the slowest period other than Christmas but sellers in Sedona who are looking to take advantage of getting their home on market for fall should act now. 

Aug 07, 2019 05:44 AM #8
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Roy Kelley

This a very good time for Sedona buyers to act for many reasons.  

Aug 07, 2019 05:46 AM #9
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Wayne Martin,

Many of these Sedona homes have jaw-dropping views. 

Aug 07, 2019 05:47 AM #10
Rainmaker
2,017,044
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Although the ebbs and flows of property sales impact others in many parts of the nation, Sedona is steady and there's something for everyone year-round. 

Aug 07, 2019 07:30 AM #11
Rainmaker
3,164,672
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sheri Sperry,  I know buyers and sellers would be wise to call you for all their Real Estate needs.

 

Aug 07, 2019 10:49 AM #12
Ambassador
3,098,375
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Someday Sheri Sperry - MCNE® I will get to Sedona but in the meantime I will keep enjoying your blog posts. The closest I have gotten so far is Jerome, a couple years ago. Save some of that red rock fever for me....

Aug 07, 2019 10:53 AM #13
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Patricia Feager, MBA, CRS, GRI,MRP

This is so true.  We have snowbirds who come in the winter and spring months and we get people who live in much warmer and humid climates coming to Sedona in the summer! - My neighborhood has both!

Aug 07, 2019 02:22 PM #14
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Thank you, Will Hamm. I will treat all clients well. 

Aug 07, 2019 02:22 PM #15
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Paul S. Henderson, REALTOR®, CRS

Funny you say that.  Our first trip, we only got to Jerome.  There was not enough time to get to Sedona. It took a couple more years to make it there. 

Aug 07, 2019 02:24 PM #16
Rainmaker
1,917,152
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Sheri Sperry - MCNE® - thanks for the update.  It is a great time to buy in Sedona and enjoy the beauty.

Aug 08, 2019 07:17 AM #17
Ambassador
3,985,667
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri:

This is great information about what's going on in the Sedona 86336 market, and buyers should enlist your guidance and help to make the right move. And then enjoy this beautiful community and lifestyle!

Jeff

Aug 09, 2019 05:18 PM #18
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Grant Schneider,

Savvy Sedona buyers realize that their negotiation power is much better now than it will be in a few short weeks.

Aug 10, 2019 07:47 AM #19
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS,

It is such an opportune time to purchase right now because many potential buyers are on vacation and not actively looking. August is our slow period so there is a better chance to make a great deal. 

Aug 10, 2019 07:50 AM #20
Rainmaker
4,077,525
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri, great Sedona market report showing your expertise in your area.   Buyers and sellers would be wise to contact you when thinking of moving.

Aug 12, 2019 10:19 AM #21
Rainmaker
2,535,677
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable real estate market data for home buyers and sellers in Sedona, Sheri.

Aug 13, 2019 03:52 PM #22
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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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