Market Update: March 2108
3/17/17 – 3/17/18 (Sedona):
Total Closed Sales: Up 19% from 186 to 221 from this time last year, and up 6% from Dec. ‘17
Median Recorded Sale Price: Up 7% from $490K to $523,500 from this time last year, and up 1% from Dec. ‘17
Price Per Square Foot: Up 1% from 248 to 251 from this time last year, and up 1% from Dec. ‘17
Days On Market: No change; stayed at an average of 147 days. However, this figure is up slightly, 2%, from Dec. ‘17
3/17/17 – 3/17/18 (Cottonwood):
Total Closed Sales: Up 5% from 325 to 342 from this time last year, and up 3% from Dec. ‘17
Median Recorded Sale Price: Up 12% from $200K to $223K from this time last year. However, this is a slight dip from Dec. ’17, down about 1%
Price Per Square Foot: Up 9% from 134 to 146 from this time last year, and up 2% from Dec. ‘17
Days On Market: We are seeing a 10% increase in the time a house sits on the market, from 107 days on average to 118, and up 1% from what we were seeing in Dec. ‘17