January saw the West Sedona real estate market experience a slight drop in home sales while witnessing home sale prices exceed one million dollars.
West Sedona has seen a decrease of 7.1 percent of homes sold for 2021 when compared to 2020.
The average home sales price has seen an increase of 85.5 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 40 day decrease to 112 days.
Here is an infographic with the breakdown of how the West Sedona Real Estate Market has done during 2021.
West Sedona 2021 Home Sales
For 2021, home sales in West Sedona has seen 13 sales which is a decrease of 7.1 percent when compared to the homes sales of 2020.
Homes under $500,000 have made up 0.0 percent of sales, with homes priced between $500,000 and $999,999 accounting for 61.5 percent of sales. Homes priced over $1,000,000 have come in at 38.5 percent.
West Sedona 2021 Home Sale Prices
2021 has seen the average home sale price reach $1,230,539 in West Sedona which is an increase of 85.5 percent when compared to 2020.
Meanwhile, the median home sale price, $750,000, increased 19.5 percent during the same time period.
West Sedona 2021 Days on Market and Absorption Rate
The inventory of available homes for sale in West Sedona is down as 2021 is at 4.7 months. The number of new listings (22) for the year is 1 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.
West Sedona Current Listings
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