Home prices can vary somewhat depending on what area of Sedona you choose. The condition of the home and views tend to be the best indicator of value:
The four main areas are:
- West Sedona
- Uptown
- Little Horse Park aka Chapel area
- Village of Oak Creek (VOC)/Big Park
Each area has it’s own charm and advantages. Let’s take a look at the statistical differences in these areas over the past 90 days. (4/10-7/9/2016)
West Sedona 86336:
Avg List: 1,142,360 Avg $ List Per Sqft: 300.58
Avg Sold 508,521 Avg $ Sold per Sqft 234.08
List/Sold price ratio 98%
Active: 99 Pending: 16 Sold: 44
Uptown Sedona 86336:
Avg List: 772,521 Avg $ List Per Sqft: 262.47
Avg Sold 598,909 Avg $ Sold per Sqft 235.48
List/Sold price ratio 94%
Active: 34 Pending: 5 Sold: 11
Chapel Area Sedona 86336:
Avg List: 1,061,114 Avg $ List Per Sqft: 296.30
Avg Sold 516,864 Avg $ Sold per Sqft 225.82
List/Sold price ratio 97%
Active: 28 Pending: 3 Sold: 15
Village of Oak Creek & Big Park Sedona 86351:
Avg List: 627,150 Avg $ List Per Sqft: 230.65
Avg Sold 500,513 Avg $ Sold per Sqft 230.38
List/Sold price ratio 97%
Active: 105 Pending: 23 Sold: 34
What can we derive from this statistical information? At any given time Sedona has 60-70 homes that are in the $1,000,000+ range. Mostly in West Sedona. This tends to drive the average list price up while the most common home sold is smaller and going for about half that.
July 2016 Sedona Market Update
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