The average home sale price for the Oak Creek Canyon real estate market finished up the year with an increase of almost 40 percent.
Oak Creek Canyon experienced a 19.0 percent decrease in the number of homes sold for 2021 when compared to 2020.
The average home sales price has seen an increase of 38.8 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 51 day decrease to 59 days.
Here is an infographic with the breakdown of how the Oak Creek Canyon Real Estate Market did during 2021.
Oak Creek Canyon 2021 Home Sales
For 2021, home sales in Oak Creek Canyon has seen 17 sales which is a decrease of 19.0 percent when compared to the homes sales of 2020.
Homes under $500,000 have made up 0.0 percent of sales, with homes priced between $500,000 and $999,999 accounting for 82.4 percent of sales. Homes priced over $1,000,000 have come in at 17.6 percent.
Oak Creek Canyon 2021 Home Sale Prices
2021 saw the average home sale price reach $917,280 in Oak Creek Canyon which was an increase of 38.8 percent when compared to 2020.
Meanwhile, the median home sale price, $665,000, up 10.8 percent during the same time period.
Oak Creek Canyon 2021 Days on Market and Absorption Rate
The inventory of available homes for sale in Oak Creek Canyon in 2021 finished very low at 0.7 months. The number of new listings (16) for the year was 9 less than there were in 2020.
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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