2020 sales started out on a steady pace and then boom in February and March with the COVID-19 Pandemic the market came screeching to a halt, while everyone figured out how to deal with the Pandemic and buy an N95 mask finding that there were none available. Then as we all came to grips with how to work in the Pandemic, all hell broke loose with the market. With inventory already low, ...
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Unparalleled, Extraordinary, Record, Exceptional, Unmatched, are all adjectives that can be used to describe what has occurred in the Sedona and Verde Valley market in the “time of Covid”.
We have had a reduction in residential inventory over the last several years. The market was paused in March and April, but since that time we have seen an influx of buyers fleeing from California and big cities from throughout the country, ...
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I am going to start out this report with what I know, the sales history that we have had over the last 12 months in Sedona and the Verde Valley, and end with what I don’t know, in light of the Covid 19 pandemic, WHICH IS MASSIVE!
Ok, what I do know. Overall, the market in Sedona and the Verde Valley has been very strong over the last 12 months and ...
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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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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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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 ...
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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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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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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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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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