Residential properties in the Verde Valley in Jan-Mar’19 reached a median price of $317,553, +15.7% above the same period a year ago. Clarkdale and Rimrock were leading the pack with median price increases of 20.2% and 21.0%, respectively. The new developments in Clarkdale made new units available for sale there (+31.8%) but the number of new listings was still down from year-ago. Interestingly, Sedona’s median price was $469,022, down -2.5% vs. YA. The Verde Valley continues to suffer from low inventory with new listings in these three months down -14% vs. YA. Sedona’s inventory was down -27% vs. the same period YA.
(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 a 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.