During the period Jan-Jun’17 residential properties in the Verde Valley sold for a median price +14.4% above year-ago. Cottonwood (+22.6%) and Clarkdale (+15.6%) were the strongest markets in price growth vs. YA. Sedona had the highest growth in units sold at +30.5% vs. YA and a good +8% growth in median price vs. YA. On average the Verde Valley is still below the Jan-Jun’06 highs by -10%, although Cottonwood is +2% above the Jan-Jun’06 median price, suggesting this market continues to be the strongest in the valley.
(1) Median Price means that 50% of the sold homes were above this number and 50% below it.
Thinking of selling a home?
If you have been thinking about selling your home, this is the time to do it. We are in a “Sellers Market”, with very low home inventory, pressing prices even higher. Start by getting a free Comparable Market Analysis for your home here: http://agsedonarealestate.com/sellers/. Just request one and it will be sent to your inbox. Then, go to useful tips on preparing your home for sale. Also, make sure to visit the Pricing and Hoverers page to learn the dynamics of pricing in real estate.
Thinking of buying a home?
Go to http://agsedonarealestate.com/buyers/ and http://agsedonarealestate.com/area-info/ for useful information on neighborhoods, weather, schools, county assessor and learn how Arizona manages water for our future benefit – an important consideration in your decision on where to relocate.
If you would like a consultation to discuss your real estate interests please text or call me at 928.821.8552 or download this useful real estate mobile App: http://m.sir.com/SIR4RE