Wed Nov 25 2020
This week the median list price for Sedona, AZ 86336 is $1,467,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 60.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,467,500|
|Per Square Foot||$408|
|Days on Market||124|
|Slight Seller's Advantage|
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,750,000||5,810||1 - 2.5 acres||4||5||17||0||0||239|
|$1,950,000||4,182||0.25 - 0.5 acre||4||4||13||1||2||105|
|$1,249,000||3,101||0.5 - 1 acre||3||4||20||2||1||73|
|$747,000||2,092||0.25 - 0.5 acre||2||2||32||3||4||75|