Sheri Sperry's Market Report
Cornville, AZ 86325
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cornville, AZ 86325
Fri Apr 23 2021
This week the median list price for Cornville, AZ 86325 is $504,450 with the market action index hovering around 74. This is an increase over last month's market action index of 67. Inventory has held steady at or around 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $504,450 | |
| Per Square Foot | $290 | |
| Days on Market | 168 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median Rent | ||
| Most Expensive | $2,200,000 | |
| Least Expensive | $65,000 | |
| Market Action | 74 | |
| Strong Seller's Market | ||
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,200,000 | 2,509 | N/A | 2 | 3 | 28 | 0 | 1 | 140 |
| $1,899,000 | 4,950 | 2.5 - 5 acres | 5 | 5 | 17 | 0 | 1 | 14 |
| $504,450 | 1,716 | 2.5 - 5 acres | 3 | 2 | 20 | 0 | 1 | 108 |
| $220,000 | 1,610 | 1 - 2.5 acres | 2 | 2 | 35 | 1 | 0 | 217 |