August saw the most home sales for the year for the Oak Creek Canyon real estate market while also exceeding the home sales for last August.
Oak Creek Canyon has experienced a 25.0 percent decrease of homes sold for 2022 when compared to 2021.
The average home sales price has seen an increase of 71.8 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 is up 15 days to 69 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 9 sales which down 25.0 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 44.4 percent of sales. Homes priced over $1,000,000 have come in at 55.6 percent.
Oak Creek Canyon 2022 Home Sale Prices
2022 saw the average home sale price increase to $1,134,722 in Oak Creek Canyon which was an increase of 71.8 percent when compared to 2021.
Meanwhile, the median home sale price, $1,000,000, is up 55.0 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 0.9 months. The number of new listings (10) for the year is 4 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
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