Home sales within the Oak Creek Canyon real estate market has seen them almost double what they were last year.
Oak Creek Canyon experienced a 90 percent increase in the number of homes sold for 2020 when compared to 2019.
The average home sales price has seen an increase of 3.4 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 10 day increase to 114 days.
Here is an infographic with the breakdown of how the Oak Creek Canyon Real Estate Market did during 2020.
Oak Creek Canyon 2020 Home Sales
For 2020, home sales in Oak Creek Canyon has seen 19 sales which is an increase of 90 percent when compared to the homes sales of 2019.
Homes under $500,000 have made up 26.3 percent of sales, with homes priced between $500,000 and $999,999 accounting for 63.2 percent of sales. Homes priced over $1,000,000 have come in at 10.5 percent.
Oak Creek Canyon 2020 Home Sale Prices
2020 saw the average home sale price reach $654,421 in Oak Creek Canyon which was an increase of 3.4 percent when compared to 2019.
Meanwhile, the median home sale price, $587,000, up 11.8 percent during the same time period.
Oak Creek Canyon 2020 Days on Market and Absorption Rate
The inventory of available homes for sale in Oak Creek Canyon in 2020 are at 2.3 months. The number of new listings (25) for the year is 15 more than there were in 2019.
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
Internet Data Exchange (IDX) listings provided by Sedona Verde Valley Association of REALTORS® (SVVAR) MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate.
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