While home sales for the Village of Oak Creek real estate market experienced quite an increase for the year, home sale prices remained relatively the same.
The Village of Oak Creek has seen an increase of 18.2 percent in the number of homes sold for 2017 when compared to 2016.
The average home sales price has seen an increase of 1.9 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 15 day increase to 194 days.
Here is an infographic with the breakdown of how the Village of Oak Creek Real Estate Market has done during 2017.
Village of Oak Creek 2017 Home Sales
For 2017, home sales in the Village of Oak Creek has seen 227 sales which is a 18.2 percent increase when compared to the number of homes sales in 2016.
Homes under $500,000 have made up 64.8 percent of sales, with homes priced between $500,000 and $999,999 accounting for 31.7 percent of sales. Homes priced over $1,000,000 have come in at 3.5 percent.
Village of Oak Creek 2017 Home Sale Prices
The average home sale price in 2017 reached $464,085 in the Village of Oak Creek which was an increase of 1.9 percent when compared to 2016.
Meanwhile, the median home sale price, $409,000, has seen a decrease of 4.2 percent during the same time period.
Village of Oak Creek 2017 Days on Market and Absorption Rate
The inventory of available homes for sale in Village of Oak Creek remains low as 2017 finished at 4.6 months. The number of new listings (281) by the end of the year is 7 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.
Village of Oak Creek Current Listings
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