First Integrity Title Market Report
Vail, AZ
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Vail, AZ
Thu Feb 25 2021
This week the median list price for Vail, AZ is $389,925 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 140.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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 | $389,925 | |
| Per Square Foot | $174 | |
| Days on Market | 42 | |
| Price Decreased | 19% | |
| Price Increased | 14% | |
| Relisted | 9% | |
| Inventory | 140 | |
| Median Rent | $1,650 | |
| Most Expensive | $2,210,000 | |
| Least Expensive | $135,000 | |
| Market Action | 40 | |
| Slight Seller's Advantage | ||
The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $599,900 | 2,802 | 1 - 2.5 acres | 4 | 3 | 8 | 2 | 1 | 63 |
| $434,990 | 2,377 | 0.5 - 1 acre | 4 | 3 | 3 | 3 | 3 | 84 |
| $350,000 | 2,230 | 6,500 - 8,000 sqft | 4 | 3 | 5 | 5 | 2 | 21 |
| $265,000 | 1,766 | 6,500 - 8,000 sqft | 3 | 2 | 12 | 7 | 3 | 21 |