Home sales for the West Sedona real estate market saw a decrease of almost 42 percent compared to last June, while the number of homes coming on the market also saw a decrease of over 30 percent during the same time period.
West Sedona has seen a 17.7 percent decrease in the number of homes sold for 2022 when compared to 2021.
The average home sales price has seen an increase of 15.5 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 16 day decrease to 86 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 130 sales which is a decrease of 17.7 percent when compared to the homes sales of 2021.
Homes under $500,000 have made up 5.4 percent of sales, with homes priced between $500,000 and $999,999 accounting for 49.2 percent of sales. Homes priced over $1,000,000 have come in at 45.4 percent.
West Sedona 2022 Home Sale Prices
2022 has seen the average home sale price reach $1,163,976 in West Sedona which is an increase of 15.5 percent when compared to 2021.
Meanwhile, the median home sale price, $971,250, increased 14.3 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 3.0 months. The number of new listings (184) for the year is the 18 more 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
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.
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.
