The West Sedona real estate market has started off this year with the same number of home sales and the number of homes that came on the market.
Options are going to vary by neighborhood, so stay flexible in your exploration.
Additionally, with an uptick in new listings, stay vigilant to ensure you don’t miss out on new homes that hit the market.
If you’re considering selling, strategic pricing is going to be key. Reflect the market’s pulse in your list price.
Emphasize the unique features of your property with your marketing, showcasing what sets your home apart can greatly appeal to prospective buyers.
West Sedona has seen 5.4 percent less homes sold for 2024 when compared to 2023.
Despite the increase in home sales, the average home sales price went up by 4.8 percent – something to keep in mind.
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 114 day decrease to 126 days.
Here is an infographic with the breakdown of how the West Sedona Real Estate Market has done during 2024.
West Sedona 2024 Home Sales
For 2024, home sales in West Sedona saw 35 sales which is 5.4 percent less when compared to the homes sales of 2023.
Homes under $500,000 have made up 0.0 percent of sales, with homes priced between $500,000 and $999,999 accounting for 42.9 percent of sales. Homes priced over $1,000,000 have come in at 57.1 percent.
West Sedona 2024 Home Sale Prices
2024 saw the average home sale price reach $1,211,327, in West Sedona which was an increase of 12.3 percent when compared to 2023.
Meanwhile, the median home sale price, $1,150,000, finished up 13.9 percent from the same time period.
West Sedona 2024 Days on Market and Absorption Rate
The inventory of available homes for sale in West Sedona is slightly in favor of buyers as 2024 has started at 7.0 months. The number of new listings (69) for the year is 20 more than there were in 2023.
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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