The start of 2019 has seen The Village of Oak Creek real estate market experience a double digit increase in home sales while seeing a drop in home sale prices.
The Village of Oak Creek has seen an increase of 28.6 percent in the number of homes sold for 2019 when compared to 2018.
The average home sales price has seen a decrease of 5.3 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 50 day decrease to 88 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 18 sales which is an 28.6 percent increase when compared to the number of homes sales in 2018.
Homes under $500,000 have made up 72.2 percent of sales, with homes priced between $500,000 and $999,999 accounting for 16.7 percent of sales. Homes priced over $1,000,000 have come in at 11.1 percent.
Village of Oak Creek 2019 Home Sale Prices
The average home sale price in 2019 reached $449,045 in the Village of Oak Creek which was a decrease of 5.3 percent when compared to 2018.
Meanwhile, the median home sale price, $347,000, has seen a decrease of 24.7 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 4.5 months. The number of new listings (24) for the year is 8 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
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