While both home sales and the number of homes that came on the market for The Village of Oak Creek real estate market saw decreases to start the year, home sale prices are up over 60 percent.
The Village of Oak Creek has seen a decrease of 13.0 percent in the number of homes sold for 2021 when compared to 2020.
The average home sales price has seen an increase of 60.6 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 34 day decrease to 141 days.
Here is an infographic with the breakdown of how the Village of Oak Creek Real Estate Market has done during 2021.
Village of Oak Creek 2021 Home Sales
For 2021, home sales in the Village of Oak Creek has seen 20 sales which is a 13.0 percent decrease when compared to the homes sales of 2020.
Homes under $500,000 have made up 20.0 percent of sales, with homes priced between $500,000 and $999,999 accounting for 65.0 percent of sales. Homes priced over $1,000,000 have come in at 15.0 percent.
Village of Oak Creek 2021 Home Sale Prices
The average home sale price in 2021 reached $845,095 in the Village of Oak Creek which was an increase of 60.6 percent when compared to 2020.
Meanwhile, the median home sale price, $641,000, has seen an increase of 42.4 percent during the same time period.
Village of Oak Creek 2021 Days on Market and Absorption Rate
The inventory of available homes for sale in Village of Oak Creek is extremely low as 2021 is currently at 1.6 months. The number of new listings (12) for the year is 7 less than there were in 2020.
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
Sorry we are experiencing system issues. Please try again.
What do you think?
Is there any other information you would like?
Interested in the Sedona real estate market?
Wondering how changes in the market has affected the value of your home?
You can get a free valuation of your home with absolutely no obligation.
Please fill out the easy to use form to get your instant home value report.
Please note your information will be kept strictly confidential and will only be used to help me provide you with a better real estate experience.
