2020 saw the Uptown Sedona real estate market experience over 20 percent increase in home sales and home sale prices.
Uptown Sedona saw a 21.3 percent increase in the number of homes sold for 2020 when compared to 2019.
The average home sales price experienced an increase of 24.6 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 is up 2 days to 105 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2020.
Uptown Sedona 2020 Home Sales
For 2020, home sales in Uptown Sedona has seen 57 sales which is an increase of 21.3 percent when compared to the homes sales of 2019.
Homes under $500,000 have made up 10.5 percent of sales, with homes priced between $500,000 and $999,999 accounting for 64.9 percent of sales. Homes priced over $1,000,000 have come in at 24.6 percent.
Uptown Sedona 2020 Home Sale Prices
2020 has seen the average home sale price jump to $834,779, in Uptown Sedona which was an increase of 24.6 percent when compared to 2019.
Meanwhile, the median home sale price, $725,000, increased 15.4 percent during the same time period.
Uptown Sedona 2020 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona remains very low as 2020 is at 1.7 months. The number of new listings (63) for the year is 6 more than there were in 2019.
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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