Sheri Sperry's Market Report
Cottonwood, AZ 86326
Single-Family Homes
Coldwell Banker - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cottonwood, AZ 86326
Wed Oct 23 2019
This week the median list price for Cottonwood, AZ 86326 is $309,900 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 61.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have been flat for several weeks. Since 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 | $309,900 | |
| Per Square Foot | $183 | |
| Days on Market | 112 | |
| Price Decreased | 31% | |
| Price Increased | 7% | |
| Relisted | 2% | |
| Inventory | 61 | |
| Median House Rent | $1,298 | |
| Most Expensive | $1,195,000 | |
| Least Expensive | $159,900 | |
| Market Action Index Slight Seller's Advantage | 43 |
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 | 2,506 | 1 - 2.5 acres | 3 | 2 | 15 | 1 | 1 | 101 |
| $349,700 | 2,134 | 0.25 - 0.5 acre | 4 | 2 | 22 | 1 | 1 | 154 |
| $269,000 | 1,451 | 0.25 - 0.5 acre | 3 | 2 | 24 | 4 | 3 | 113 |
| $212,500 | 1,240 | 8,000 - 10,000 sqft | 3 | 2 | 33 | 2 | 1 | 78 |