The Uptown Sedona real estate market is one of the only areas in Sedona that has seen more home sales this year over last year.
Uptown Sedona saw a 2.3 percent increase in the number of homes sold for 2022 when compared to 2021.
The average home sales price experienced an increase of 23.2 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 6 days to 50 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2022.
Uptown Sedona 2022 Home Sales
For 2022, home sales in Uptown Sedona has seen 44 sales which is up 2.3 percent when compared to the homes sales of 2021.
Homes under $500,000 have made up 9.1 percent of sales, with homes priced between $500,000 and $999,999 accounting for 25.0 percent of sales. Homes priced over $1,000,000 have come in at 65.9 percent.
Uptown Sedona 2022 Home Sale Prices
2022 has seen the average home sale price rise to $1,306,547, in Uptown Sedona which was an increase of 23.2 percent when compared to 2021.
Meanwhile, the median home sale price, $1,200,000, increased 25.7 percent during the same time period.
Uptown Sedona 2022 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona is low as 2022 is at 4.1 months. The number of new listings (62) for the year is 16 more than there were in 2021.
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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