The Uptown Sedona real estate market saw home sale prices increase over 20 percent over last November.
Uptown Sedona saw a 25.6 percent increase in the number of homes sold for 2020 when compared to 2019.
The average home sales price experienced an increase of 19.4 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 down 4 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 54 sales which is an increase of 25.6 percent when compared to the homes sales of 2019.
Homes under $500,000 have made up 11.1 percent of sales, with homes priced between $500,000 and $999,999 accounting for 68.5 percent of sales. Homes priced over $1,000,000 have come in at 20.4 percent.
Uptown Sedona 2020 Home Sale Prices
2020 has seen the average home sale price jump to $798,082, in Uptown Sedona which was an increase of 19.4 percent when compared to 2019.
Meanwhile, the median home sale price, $699,300, increased 11.4 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 1.2 months. The number of new listings (55) for the year is 1 less 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
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.
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