Sheri Sperry's Market Report
Cottonwood, AZ 86326
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cottonwood, AZ 86326
Thu Jan 21 2021
This week the median list price for Cottonwood, AZ 86326 is $385,000 with the market action index hovering around 61. This is an increase over last month's market action index of 58. Inventory has held steady at or around 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $385,000 | |
| Per Square Foot | $212 | |
| Days on Market | 113 | |
| Price Decreased | 35% | |
| Price Increased | 8% | |
| Relisted | 12% | |
| Inventory | 26 | |
| Median Rent | $1,595 | |
| Most Expensive | $835,000 | |
| Least Expensive | $95,500 | |
| Market Action | 61 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $657,000 | 2,400 | 0.5 - 1 acre | 3 | 2 | 2 | 0 | 0 | 54 |
| $439,000 | 1,956 | 6,500 - 8,000 sqft | 3 | 2 | 10 | 1 | 0 | 77 |
| $350,000 | 2,134 | 8,000 - 10,000 sqft | 3 | 2 | 30 | 1 | 2 | 198 |
| $259,999 | 1,244 | 0.25 - 0.5 acre | 3 | 2 | 50 | 3 | 4 | 109 |