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Sedona Real Estate Market Statistics Through May

Posted By Wally Reule @ Jun 23rd 2020 11:41pm In: Sedona Real Estate Market News

Here are market statistics for sales of homes and land in Sedona for the first five months of 2020. Each category is also compared to the same time period the year before. Sales declined for homes priced under $1,000,000, with 178 sales compared to 191 last year, a decrease of 6.8%. Considering that the market was nearly shut down for a couple of months, that's a surprisingly small decline. However, the median sales price increased to $575,000 from a year ago when it was $555.000, but average price per square foot is virtually unchanged.. Sales of luxury homes experienced a similar decrease with 21 closed compared to 25 in 2019, but the median sales price grew a whopping 38% to $1,555,000. Vacant land sales also decreased from 58 to 44, but the median price increased by 13%. To look at the numbers, click here.


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