Sedona and Verde Valley Real Estate 2019 in Review

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Sedona and Verde Valley Real Estate 2019 in Review

Looking back at 2019 is easy, we just have to look at the facts: Inventory, number of sales and price. The number of residential properties for sale in the Verde Valley was tight for the entire year with the low in January, bumping up in the spring and tightening up throughout the year. The number of single-family home sales was virtually unchanged in 2019 from 2018 at 1232 for 2018 ...

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Sedona and Verde Valley Real Estate Third Quarter 2019

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Sedona and Verde Valley Real Estate Third Quater 2019

We look at the past to help us predict the future or at least to not be surprised when things appear to make changes out of nowhere. Last quarter we saw that the median sales price for the first 6 months of 2019 had taken a 4% drop compared to the median sales price for the first six months of 2018. Now nine months into 2019 we see that the ...

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Sedona and Verde Valley Real Estate Second Quarter 2019

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Sedona and Verde Valley Real Estate Second Quarter 2019

What is the purpose in keeping statistics of any kind? With luck, we can hope to learn from them and make decisions about our lives that will have a positive outcome on it.  In its pure form we are all statisticians, evaluating what has come before and planning our next minutes, hours and days.

In looking at Sedona and Verde Valley ...

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Sedona and Verde Valley Real Estate First Quarter 2019

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Sedona and Verde Valley Real Estate First Quarter 2019

The First quarter of 2019 is in the books. For the last several years the real estate market in the Verde Valley has been experiencing nothing but upward pressure as has most markets in in the United States and especially the West. Upward pressure resulting from increased sales and low inventory, just exactly as you would expect.

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Sedona and Verde Valley Real Estate 2018 Review

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Verde Valley Real Estate 2018 in Review

Nationwide, real estate pundits are all over the map with their predictions for 2019. Some say interest rates are rising and will impact value and sales. Some say inventory is tight and prices will rise but not as fast as in the last few years. Some say millennials will be driving the market in 2019, especially the first-time market and will be the largest segment of buyers over the next ...

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Sedona and Verde Valley Real Estate Third Quarter 2018

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Sedona and Verde Valley Real Estate Third Quarter 2018

As we head into the final quarter of 2018 we have to wonder what the state of the real estate market will be in 2019. Median sales prices for single family homes have risen since the bottom of the market in most of the major markets in the country and certainly in our feeder markets of the upper Midwest and California. As demonstrated by the graph below for ...

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Sedona and Verde Valley Real Estate Second Quarter 2018

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Sedona and Verde Valley Real Estate

Second Quarter 2018

There is one word that is defining real estate all over the country, INVENTORY. From Bangor, Maine to San Francisco we are experiencing a shortage of residential property for sale, and Sedona and the Verde Valley is right there with them. In July of 2014 there were 448 residential properties for sale in the Sedona area, that includes single family homes, condos, townhomes, manufactured ...

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Sedona and Verde Valley Real Estate 1st Quarter 2018

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Sedona and Verde Valley Real Estate

First Quarter 2018

The real estate market in the Verde Valley is hitting on all cylinders as we head into the second quarter of 2018. With inventory remaining in short supply and increased numbers of transactions the result is just what you would expect – significantly increased median sales prices in almost all areas of the market with the exception of the Camp Verde area where sales ...

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Sedona and Verde Valley Real Estate 2017 in Review

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Sedona and Verde Valley Real Estate 2017 in Review

Supply and demand were the key components driving the Verde Valley real estate market in 2017. Residential inventory has been on a downward trajectory for the last seven years while at the same time prices have been rising. Over the last four years residential inventory in the first part of January has been on a steady decline from 823 ...

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Sedona and Verde Valley Real Estate 3rd Quarter 2017

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Sedona and Verde Valley Real Estate

3rd Quarter 2017

The Sedona area has experienced for the last 6 years an increase in the median sales price for single family homes. Since the low of the market in 2010-2011 until now we have seen the median sales price go from $333,000 to $515,000 as of the third quarter of 2017. That is a 54% increase in the median sales price over the last 6 ...

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