While home sale prices for the Oak Creek Canyon real estate market are relatively the same as last year, home sales are down.
Oak Creek Canyon experienced a decrease of 33.3 percent in the number of homes sold for 2019 when compared to 2018.
The average home sales price has seen a decrease of 2.2 percent during the same time period.
The Sedona Verde Valley Board of REALTORS® (SVVAR) reported that the number of days that homes that sold were on the market for the year has experienced a 112 day decrease to 99 days.
Here is an infographic with the breakdown of how the Oak Creek Canyon Real Estate Market did during 2019.
Oak Creek Canyon 2019 Home Sales
For 2019, home sales in Oak Creek Canyon has seen 8 sales which is a decrease of 33.3 percent when compared to the homes sales of 2018.
Homes under $500,000 have made up 37.5 percent of sales, with homes priced between $500,000 and $999,999 accounting for 50.0 percent of sales. Homes priced over $1,000,000 have come in at 12.5 percent.
Oak Creek Canyon 2019 Home Sale Prices
2019 saw the average home sale price reach $589,750 in Oak Creek Canyon which was a decrease of 2.2 percent when compared to 2018.
Meanwhile, the median home sale price, $519,000, up 8.7 percent during the same time period.
Oak Creek Canyon 2019 Days on Market and Absorption Rate
The inventory of available homes for sale in Oak Creek Canyon in 2019 are at 5.7 months. The number of new listings (10) for the year is 5 less than there were in 2018.
A neutral market is 6 months of inventory with numbers above 6 months indicating a buyer’s market (more supply of homes than the demand) and numbers below 6 months, a seller’s market (more homes in demand than homes available on the market).
For more information on how these numbers are affecting you or for a specific neighborhood, contact me for free information.
Oak Creek Canyon Current Listings
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