SEDONA REAL ESTATE STATS - YEAR OVER YEAR
Well, now that the tree is down, kids are back at school, I am on a diet, I can now start blogging again about the Sedona Real Estate Market. Here are the Home and Vacant Land Stats for both the Incorporated City of Sedona - and the Unincorporated Area of Sedona (known locally as - the Village of Oak Creek)
Single Family Homes - Avg. Sold Price
Sedona - $483K - UP by 3%
Village of Oak Creek - $425K - DOWN by 3%
Condo/Townhomes - Avg. Sold Price
Sedona - $310K - DOWN by 2%
Village of Oak Creek - $256K - UP by 9%
Luxury Homes - (over 1M) - Avg. Sold Price
Sedona - $1,9M - Up by 19%
Village of Oak Creek - $1M - DOWN by 7%
Vacant Land - Avg. Sold Price
Sedona - $220K - UP by 4%
Village of Oak Creek - $143K - DOWN by 9%
So there you have it. Now will prices rise in 2016? I would expect so. But given the awful start to the Stock Market, the uncertainty of an election year, and the supposedly continued rise of interest rates I don't foresee a DRASTIC increase.
Please remember for all your Sedona Real Estate Needs you can text or call me at 9283010669. And always visit my website at www.barbarabakerrealty.com
Happy NEW Year!