The Oak Creek Canyon real estate market saw similar number of homes sales when compare to the past 15 years while prices increased almost 20 percent.
Oak Creek Canyon has experienced a 41.2 percent decrease of homes sold for 2022 when compared to 2021.
The average home sales price has seen an increase of 18.7 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 is up 6 days to 65 days.
Here is an infographic with the breakdown of how the Oak Creek Canyon Real Estate Market did during 2022.
Oak Creek Canyon 2022 Home Sales
For 2022, home sales in Oak Creek Canyon has seen 10 sales which down 41.2 percent when compared to the homes sales of 2021.
Homes under $500,000 have made up 0.0 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 50.0 percent.
Oak Creek Canyon 2022 Home Sale Prices
2022 saw the average home sale price increase to $1,088,750 in Oak Creek Canyon which was an increase of 18.7 percent when compared to 2021.
Meanwhile, the median home sale price, $777,000, is up 16.8 percent during the same time period.
Oak Creek Canyon 2022 Days on Market and Absorption Rate
The inventory of available homes for sale in Oak Creek Canyon in 2022 is extremely low at 1.0 months. The number of new listings (11) for the year is 5 less than there were in 2021.
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
What do you think?
Is there any other information you would like?
Interested in the Sedona real estate market?
Wondering how changes in the market has affected the value of your home?
You can get a free valuation of your home with absolutely no obligation.
Please fill out the easy to use form to get your instant home value report.
Please note your information will be kept strictly confidential and will only be used to help me provide you with a better real estate experience.