Pulse of the Sedona Real Estate Market

Posted By Barbara Baker @ Jan 17th 2017 11:10am In: Sedona Real Estate Market Conditions

What is going on with the Sedona Real Estate Market?  

2016! BANNER year for the Sedona Real Estate Market

 

 

OVERALL Single Family Home Median Sale Price:

$479000 +10% over 2015

Average Price per square foot:
Inventory is the LOWEST since 05
Average Days on Market: 205


$230.00 + 6% over 2015

Sedona Luxury Home (+$1M) Median Sale Price:

$1,500,000

Average Days on Market: 417 

STEADILY IMPROVING as Seller's are realistic in pricing

 

 

Sedona Condo/Townhome Median Sale Price:

$259000 (-5%) over 2015

Average Price per square foot:
Average Days on Market: 152 

Inventory is the LOWEST since 09

 

$208.00 (-4%) over 2015

Sedona Residential Land Median Sale Price:

$130,000 (-7%) over 2015

Average Days on Market: 467
Still remains a TREMENDOUS Buyer's Market

 

 

Look for Interest Rates to Rise in 2017

 

REMEMBER: 1% rate increase reduces your borrowing power by 10%

 If you are thinking of buying a Sedona Home or have questions about the Sedona Real Estate Market you can email me here, or text or call 9283010669.  

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