December Housing Market Update
Market Stats Update for December:
SEDONA:
Total Closed Sales: Up 15% from 181 to 209 (over the same time period last year). However, it is down slightly from 215 which we saw last month.
Median Recorded Sales Price: Up 9% from $475K to $519K (over the same time period last year). This is about a 1% gain from this time last month.
Price Per Square Foot: Up 4% from $238 / sq. foot to $248 / sq. foot. No change from this time last month.
Days On Market: Down 8% from 157 to 144 (over this same time period last year).
COTTONWOOD:
Total Closed Sales: Up 4% from 321 to 333 (over this same time period last year). As we saw with Sedona, this figure is also slightly down from the 340 we saw last month.
Median Recorded Sales Price: Up 14% from $197,250 to $225,000 (over this same time period last year). No change from this time last month.
Price Per Square Foot: Up 9% from 131 to 143 (over this same time period last year). No change from this time last month.
Days On Market: This has crept up slightly over this time last year by about 9%, from an average sale taking 110 days last year, to about 117 days current day.
With a continued low inventory driving the prices, we are still in a Seller's market.
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From our family to yours, we wish you a blessed holiday season and hope that all your holiday wishes come true!
Good Friday to you all! I just wanted to take a moment and let you know some "good news!" The housing market in Sedona, Cottonwood and the Verde Valley continues to improve! Have a look at the numbers below.
