The Uptown Sedona real estate market for 2017 saw a double digit increase in home sales while home sale prices remained stable.
Uptown Sedona saw an increase of 17.8 percent in the number of homes sold for 2017 year to date when compared to 2016.
The average home sales price experienced a decrease of 0.6 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 18 day decrease to 213 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2017.
Uptown Sedona 2017 Home Sales
For 2017, home sales in Uptown Sedona saw 53 sales which was a 17.8 percent increase when compared to the homes sales of 2016.
Homes under $500,000 have made up 34.0 percent of sales, with homes priced between $500,000 and $999,999 accounting for 62.3 percent of sales. Homes priced over $1,000,000 have come in at 3.7 percent.
Uptown Sedona 2017 Home Sale Prices
2017 saw the average home sale price reach $575,132 in Uptown Sedona which was a decrease of 0.6 percent when compared to 2016.
Meanwhile, the median home sale price, $539,000, increased 4.1 percent during the same time period.
Uptown Sedona 2017 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona remains low as 2017 finished at 5.4 months. The number of new listings (61) by the end of the year was 3 more than there were in 2016.
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.
Uptown Sedona Current Listings
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