For the second month in a row, the West Sedona real estate market saw single digit home sales while home sales for the year were more in line with those seen in 2016-2017.
West Sedona has seen a 30.5 percent decrease in the number of homes sold for 2022 when compared to 2021.
The average home sales price has seen an increase of 7.2 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 14 day increase to 108 days.
Here is an infographic with the breakdown of how the West Sedona Real Estate Market has done during 2022.
West Sedona 2022 Home Sales
For 2022, home sales in West Sedona has seen 207 sales which is a decrease of 30.5 percent when compared to the homes sales of 2021.
Homes under $500,000 have made up 5.3 percent of sales, with homes priced between $500,000 and $999,999 accounting for 52.2 percent of sales. Homes priced over $1,000,000 have come in at 42.5 percent.
West Sedona 2022 Home Sale Prices
2022 has seen the average home sale price reach $1,130,649, in West Sedona which is an increase of 7.2 percent when compared to 2021.
Meanwhile, the median home sale price, $926,000, increased 5.2 percent during the same time period.
West Sedona 2022 Days on Market and Absorption Rate
The inventory of available homes for sale in West Sedona is down as 2022 is at 3.9 months. The number of new listings (280) for the year is the 21 less than there were in 2021.
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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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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