W. Sedona W. Sedona Chapel Chapel TOTAL TOTAL
Homes Sold VOC VOC Homes Sold
On Mkt Homes Homes On Mkt
On Mkt Sold
TOTAL 119 90 158 131 277 221
Months Supply 7.9 7.2 7.9
Ave. Sold/month 15 22 36
Up To $700,000 70 74 112 126 182 200
Months Supply 5.6 5.3 5.5
Ave. Sold/Month 12 21 33
$700,000-$800,000 79 78 126 128 205 206
Months Supply 6.0 6.0 6.0
Ave. Sold/Month 13 21 34
$800,000-$900,000 84 79 131 129 215 208
Months Supply 6.5 6.0 6.3
Ave. Sold/Month 13 21 34
$900,000-$1,000,000 92 81 134 130 226 211
Months Supply 6.8 6.0 6.3
Ave. Sold/Month 14 21 35
$1,000,000-$1,500,000 106 85 144 130 250 215
Months Supply 7.6 6.6 6.9
Ave. Sold/Month 14 22 36
Based on this information, Sedona's average inventory supply is now down to 7.9 months. Homes on the market under $700,000 have 5.5 months average inventory supply. Homes at $1,000,000 -$1,500,000 have a 6.9 months average inventory supply. Obviously, the homes priced at $1,500,000 and up have the highest months average inventory supply and is the cause of the 7.9 month total average supply.
Overall, this is very good news for Sellers. And buyers, this is the time to buy real estate in Sedona because, as the inventory goes down, Sedona's pricing will start to go up. Homes in West Sedona under $700,000 are now priced at $10.00 per square foot higher.
Call Carlena K. Grimmett today for an appointment at (928) 821-0506.
Or email me at tlcrealtysedona@msn.com.
T. L. C. REALTY,dba
Carlena K. Grimmett
Broker/Vice President
(928) 821-0506 Cell
(928) 282-0558 Fax
