Sheri Sperry's Market Report
Cottonwood, AZ 86326
Single-Family Homes
Coldwell Banker - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cottonwood, AZ 86326
Fri Dec 13 2019
This week the median list price for Cottonwood, AZ 86326 is $324,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 67.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $324,900 | |
| Per Square Foot | $190 | |
| Days on Market | 106 | |
| Price Decreased | 28% | |
| Price Increased | 4% | |
| Relisted | 0% | |
| Inventory | 67 | |
| Median Rent | $1,250 | |
| Most Expensive | $1,195,000 | |
| Least Expensive | $170,000 | |
| Market Action | 39 | |
| Slight Seller's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $675,000 | 2,498 | 1 - 2.5 acres | 3 | 2 | 14 | 1 | 0 | 98 |
| $360,000 | 2,134 | 0.25 - 0.5 acre | 3 | 2 | 23 | 1 | 0 | 165 |
| $275,000 | 1,502 | 8,000 - 10,000 sqft | 3 | 2 | 25 | 3 | 0 | 82 |
| $225,000 | 1,328 | 8,000 - 10,000 sqft | 3 | 2 | 33 | 2 | 3 | 77 |