Home sale prices for the Uptown Sedona real estate market finished off the year with strong increases while the number of available homes for sale remains low.
Uptown Sedona saw the number of homes sold for 2019 decrease 11.3 percent when compared to 2018.
The average home sales price experienced an increase of 9.0 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 17 day decrease to 103 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2019.
Uptown Sedona 2019 Home Sales
For 2019, home sales in Uptown Sedona has seen 47 sales which is a 11.3 percent decrease when compared to the homes sales of 2018.
Homes under $500,000 have made up 23.4 percent of sales, with homes priced between $500,000 and $999,999 accounting for 63.8 percent of sales. Homes priced over $1,000,000 have come in at 12.8 percent.
Uptown Sedona 2019 Home Sale Prices
2019 saw the average home sale price reach $670,060 in Uptown Sedona which was an increase of 9.0 percent when compared to 2018.
Meanwhile, the median home sale price, $628,000, increased 3.0 during the same time period.
Uptown Sedona 2019 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona remains very low as 2019 ended at 2.0 months. The number of new listings (57) for the year is unchanged from 2018.
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
Sorry we are experiencing system issues. Please try again.
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.