Home sale prices for the The Village of Oak Creek real estate market are lagging behind last year’s pace while home sales remain unchanged.
The Village of Oak Creek has seen the same number of homes sold for 2019 when compared to 2018.
The average home sales price has seen a decrease of 4.5 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 35 day decrease to 111 days.
Here is an infographic with the breakdown of how the Village of Oak Creek Real Estate Market has done during 2019.
Village of Oak Creek 2019 Home Sales
For 2019, home sales in the Village of Oak Creek has seen 51 sales which is unchanged when compared to the number of homes sales in 2018.
Homes under $500,000 have made up 70.6 percent of sales, with homes priced between $500,000 and $999,999 accounting for 21.6 percent of sales. Homes priced over $1,000,000 have come in at 7.8 percent.
Village of Oak Creek 2019 Home Sale Prices
The average home sale price in 2019 reached $473,290 in the Village of Oak Creek which was a decrease of 0.6 percent when compared to 2018.
Meanwhile, the median home sale price, $425,000, has seen a decrease of 4.5 percent during the same time period.
Village of Oak Creek 2019 Days on Market and Absorption Rate
The inventory of available homes for sale in Village of Oak Creek remains low as 2019 is currently at 5.2 months. The number of new listings (76) for the year is 2 more than there were in 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.
Village of Oak Creek 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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