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 ...
Continue Reading →
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 ...
Continue Reading →
Solid gains in the median sales price highlights the single family market in Sedona and other areas of the Verde Valley for the last 12 month period. The median sales price in Sedona rose 6.4% in the last 12 month period over the previous 12 month period to $465,000. This is the highest median sales price in Sedona since 2007-08. Since the bottom of the ...
Continue Reading →
Boring, year after year after year after year, for the last 7 years the number of sales for single family homes has remained at the same rate; let’s just say it, 400 sales per year. That is our market; in Sedona area we do 400 sales per year.
But what is really ...
Continue Reading →
Inventory is the name of the game going forward for Sedona and Verde Valley real estate in 2016. Going into the second quarter of 2016, the Sedona area has 20% less residential inventory on the market than at this time in 2015 with 337 residential units on the market. Residential inventory in the entire Verde Valley is off 17% from this same time last year too. We ...
Continue Reading →
2015 is in the book and brought few surprises in the Sedona real estate market. On the not much of a surprise side for the sixth straight year the number of sales of single family homes in the Sedona market has remained virtually unchanged, bouncing along at right around 400 sales per year. In the previous three years in spite of the number of sales ...
Continue Reading →
2015 is in the book and brought few surprises in the Sedona and Verde Valley real estate market. On the not much of a surprise side for the sixth straight year the number of sales of single family homes in the Sedona market has remained virtually unchanged, bouncing along at right around 400 sales per year. In the previous three years in spite of the number of sales ...
Continue Reading →
The third quarter of 2015 once again brought into focus just how steady our market has been in terms of the number of transactions. For single family homes for the sixth year in a row for the October 1 to September 30 time frame year over year, the number of transaction comes in right in at 400 sales per year. From the venerable team of Hans and Franz ...
Continue Reading →Posted by:
Sales in Sedona West over the last 12 month period have continued to remain steady. The median sales price for the last 12 months came in at $375,000 with little change over the last 2.5 years since the dramatic increase in 2013 over 2012. A very bright side is that none of the sales were distressed sales, as we have seen in the last several years. This fact is similar ...
Continue Reading →
The second quarter of 2015 showed a strong rebound over the first quarter for sales of single family homes. In the first quarter 2015 there was only 72 single family homes closed, we ended up at 199 for the first 6 months, 127 closed sales in the second quarter. That puts closings right ...
Continue Reading →