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.
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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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After a pretty lack luster first quarter 2014 the real estate market in Sedona and the Verde Valley really picked up steam so that by the end of the quarter numbers of transactions was back on track to our “normal” numbers and median sales prices for a single family home jumped up to $410,000 in the Sedona area, a 9% increase over first quarter prices.
The increase in the ...
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