Elisa Andreis J.D.
Your source for Sedona Real Estate | Phone 928-274-1521

Sedona Market Watch

WELCOME TO SEDONA MARKET WATCH
 
Welcome to  Sedona Real Estate Market Watch where buyers and sellers can find relevant, unbiased, informative, analytical and Sedona-specific information about our real estate market.

Periodically we will give you a general update and a wealth of information on the conditions of the Sedona real estate market.

The topics covered include statistical, data driven metrics used to evaluate the market. We also look at the factors that differentiate Sedona from other markets in the region.

Stay tuned and visit often this section to better understand the driving forces behind our unique market and to get the tools you need to make an educated decision when buying or selling real estate in Sedona.

Enjoy!
Elisa 
 
Source: Sedona Verde Valley Association of Realtors Flex MLS 
Data applies only to the City of Sedona, Village of Oak Creek and immediate adjacent areas (Oak Creek Canyon, Red Rock Loop and Bill Gray areas)

Sedona Market Watch© 
by Elisa Andreis
 
Sedona Real Estate Market Report This update looks at the residential real estate market during the months of September and October 2013 in relation to the same period a year ago and highlights the major trends.
 
13.8% increase in Median Sale Price 
The median sale price was $368,250 in 2012 and is $419,000 in 2013.
 
12%Increase in Average Price per Square Foot
In 2013 the Av.$/Sq.Ft: $206.
 
17% decrease of Days on Market (DOM)
Average time on market has gone from 226 days in 2012 to 188 days in 2013.
 
55% decrease in Residential Distressed Sales
Distressed property sales (foreclosures and short sales) fell to their more traditional levels, 15% of the overall market.
 
Sedona Luxury Homes
 
Updated on June 21st 2013

Luxury homes in Sedona are selling on average at prices per square foot that are 2.65 times higher than the low end of the market... Read more
 
Updated on July 3rd 2013

In June the median sale price of homes in Sedona was $325,500. The average home price was $450,350. The spread between median and average for June is 28%... Read more
 
Updated on June 6th 2013

After rising for 4 consecutive months to 390 units in May, the inventory of residential homes in June in Sedona was 359 units, an 8% monthly decrease... Read more
 
Updated on June 6th 2013

In June 2013, the number of homes sold in Sedona stood at 49, an 11% increase from a year ago.... Read more
Days on Market - DOM
 
Updated on June 6th 2013
 
The homes sold in Sedona during the month of June were listed for 198 days on average before they sold.  This number is unchanged from a year ago but is 32% lower since the beginning of the year ... Read more
 
Sedona Foreclosures
 
Updated on June 6th 2013

In June 2013, distressed sales remained constant from a month ago and represented 22% of overall sales.... Read more
Sedona Land
 
Updated on June 6th 2013

Land today in Sedona can be purchased at a 78% discount from the 2006 peak and at a 37.5% discount from 2003 levels.... Read more