Pulse of the Sedona Real Estate Market
Posted By: Barbara Baker
In: Sedona Real Estate Market Conditions
Date: Tue, Jan 17th 2017 11:10 am
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.