The Sedona real estate market saw home sales bounce back in 2015 after a down year in 2014.
Sedona saw an increase of 5.4 percent in the number of homes sold for 2015 when compared to 2014.
The average home sales price saw a drop with a decrease of 2.9 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 during 2015 was 202 days.
Here is an infographic with the breakdown of how the Sedona Real Estate Market did during the year.
Sedona 2015 Home Sales
2015 saw 509 home sales in Sedona which was a 5.4 percent increase when compared to the homes sales of 2014.
Homes under $500,000 made up 69.2 percent of sales, with homes priced between $500,000 and $999,999 accounted for 25.7 percent of sales. Homes priced over $1,000,000 came in at 5.1 percent.
Sedona 2015 Home Sale Prices
The average home sale price, $478,877, in Sedona saw a decrease of 2.9 percent when compared to 2014.
Meanwhile, the median home sale price, $390,000, was down 1.3 percent during the same time period.
Sedona 2015 Days on Market and Absorption Rate
The inventory of available homes for sale in Sedona remains low as the year finished at 6.6 months. The number of total listings (771) for the month of December was below the number of homes available for the previous months.
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.
Sedona 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.
What do you think?
Is there any other information you would like? What are your thoughts on how the real estate market is doing in Sedona? Please let me know what they are in the comments.