Sedona Real Estate Blog
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Another year has passed us by... 2017 wasn't good all around, but it sure was a good year for the real estate market here in Sedona.  Inventory is trending downwards - which tends to lead towards some upswings in pricing.  There are currently 275 residential units on the market - 214 of which are truly available - meaning that 61 homes are already tied up with buyers in escrow.  Let's break down the 214 available homes in several ways. 

Total 214 residential units:

181 single family homes

20 condos/townhomes

13 mobile homes/manufactured homes

 

OR

< $300k =                 15 units

$300k - $500k =        42 units

$500k - $750k =        59 units

$750k- $1M =            41 units

$1M + =                    58 units

 

We can also break down the 181 single family homes down into the different parts of town - so that you can get a feeling for which neighborhoods have more availability

Oak Creek Canyon -    4

Uptown Sedona -        21

West Sedona -            67

Loop Road area -        16

Chapel area -             21

Village of Oak Creek   52

 

Year end data will be coming in a few weeks - but in general - the market is up in the range of 25% for the year.  That means that the total dollar amount for homes is up - not necessarily the pricing.  Don't confuse these.  Some people might see this stat and think that their house is worth 25% more this year.  That % is hidden a little deeper into our statistics - but I'd say that it's closer to a 6% increase across the board this year.  There were some segments that performed better than others - for instance the $600k-800k market the average price per square foot went up by 10%. 

Be sure to ask your agent for details on the value of your house - and if you don't have an agent, send me an email!  Thanks and Happy New Year!

 

 

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