 |


Toll Free: 1-800-282-2959
|
 |
2009 in Historical Perspective
Sedona Area Market Statistics
(City of Sedona, Oak Creek Cyn, Red Rock Loop, Village of Oak Creek)
provided by
Roy E. Grimm, PhD. & SVVAR
Single Family Homes
# SOLD Jan-Dec. 1999: 461
Median Recorded Sales Price: $239,000
$/sq.ft: $124;
# SOLD Jan-Dec. 2000: 468
Median Recorded Sales Price: $256,000
$/sq.ft: $128;
# SOLD Jan-Dec. 2001: 498
Median Recorded Sales Price: $271,000
$/sq.ft: $138;
# SOLD Jan-Dec. 2002: 520
Median Recorded Sales Price: $301,000
$/sq.ft: $148;
# SOLD Jan-Dec. 2003: 599
Median Recorded Sales Price: $339,000
$/sq.ft: $168;
# SOLD Jan-Dec. 2004: 591
Median Recorded Sales Price: $420,000
$/sq.ft: $195;
# SOLD Jan-Dec. 2005: 582
Median Recorded Sales Price: $529,000
$/sq.ft: $248;
# SOLD Jan-Dec. 2006: 386
Median Recorded Sales Price: $590,000
$/sq.ft: $284;
# SOLD as of 31 Dec. 2007: 254
(Down 34% from 2006)
Median Recorded Sales Price: $557,500
$/sq.ft: $270
# SOLD as of 31 Dec. 2008: 227
(Down 11% from 2007)
Median Recorded Sales Price: $480,000
(Down 16% from 2007)
$/sq.ft: $233 |
# SOLD as of 31 Dec. 2009: 345
(Up 52% from 2008)
Median Recorded Sales Price: $398,000
(Down 17% from 2008)
$/sq.ft: $182
Includes
106 Foreclosures [aka, REO’s] (31%)
(MRSP: $312,500; $/Sq.ft: $144)
36 Short-sales (10%)
(MRSP: $345,000; $/Sq.ft: $163)
203 Non-REO’s/Short-sales (59%)
(MRSP: $455,000; $/Sq.ft: $205)
# ACTIVE (31 Dec.08): 459
(&. 532 in Oct. 08)
# ACTIVE (31 Dec.09): 338
Median List Price: $612,450 $/sq.ft:$235
Includes
23 REO’s ( 7 %)
(MLP $358,000; $/Sq.ft: $145)
16 Short-sales ( 5%)
(MLP: $367,450,000; $/Sq.ft: $208)
# PENDING: (31 Dec.08): 15
MLP: $479,900 $/sq.ft: $221
# PENDING: (31 Dec.09): 44
MLP: $440,000 $/sq.ft: $188
Includes
8 REO’s (18%)
20 Short-sales (45%) |
| |
|
2009 Quarterly Comparisons
(Single Family Homes)
1st Quarter 2009 – Sold: 50
(11% over ’08)
MRSP: $426,950
$/Sq.Ft.: $198
13 REO’s (26%)
(MRSP: $314,000; $/Sq.ft: $155)
5 Short-sales (10%)
(MRSP: $620,000; $/Sq.ft: $234)
*****
2nd Quarter 2009 – Sold: 96
(41% over ’08)
MRSP: $429,750
$/Sq.Ft.: $186
30 REO’s (31%)
(MRSP: $336,000; $/Sq.ft: $150)
8 Short-sales (7%)
(MRSP: $387,500; $/Sq.ft: $173)
*****
3rd Quarter 2009 – Sold: 103
(62% over ‘08)
MRSP: $384,500
$/Sq.Ft.: $186
31 REO’s (30%)
(MRSP: $326,000; $/Sq.ft: $137)
11 Short-sales (11%)
(MRSP: $285,000; $/Sq.ft: $140)
******
4th Quarter 2009 – Sold: 96
(81% over ‘08)
MRSP: $344,500
$/Sq.Ft.: $152 |
31 REO’s (33%)
(MRSP: $288,750; $/Sq.ft: $129)
11 Short-sales (12%)
(MRSP: $330,000; $/Sq.ft: $145)
1st Quarter 2008 – Sold: 45
MRSP: $537,000
$/Sq.Ft.: $262
REO’s & Short-sales not reported separately
2rd Quarter 2008 – Sold: 68
MRSP: $505,000
$/Sq.Ft.: $250
REO’s & Short-sales not reported
3rd Quarter 2008 – Sold: 63
MRSP: $494,000
$/Sq.Ft.: $230
6 REO’s (10%)
(MLP: $301,250; $/Sq.ft: $144)
1 Short-sale (1.6%)
(MLP: $425,000; $/Sq.ft: $192)
[REO data unreliable – reporting began sometime in 3rd Quarter]
4th Quarter 2008 – Sold: 53
MRSP: $395,000
$/Sq.Ft.: $182
11 REO’s (21%)
(MRSP: $285,000; $/Sq.ft: $166)
5 Short-sales (9%)
(MRSP: $325,000; $/Sq.ft: $163) |
| |
|
Luxury Homes ($1,000,000+)
# SOLD Jan-Dec. 1999: 5
MRSP: $1,220,000
Size: 4,825 sq. ft.; $/sq.ft: $253;
# SOLD Jan-Dec. 2000: 4
MRSP: $1,170,000
Size: 2,612 sq. ft.; $/sq.ft: $448;
# SOLD Jan-Dec. 2001: 14
MRSP: $1,250,000
Size: 4,478 sq. ft.; $/sq.ft: $279;
# SOLD Jan-Dec. 2002: 4
MRSP: $1,456,250
Size: 4,750 sq. ft.; $/sq.ft: $307;
# SOLD Jan-Dec. 2003: 23
MRSP: $1,400,000
Size: 4,612 sq. ft.; $/sq.ft: $303;
# SOLD Jan-Dec. 2004: 33
MRSP: $1,225,000
Size: 4,232 sq. ft.; $/sq.ft: $289;
# SOLD Jan-Dec. 2005: 52
MRSP: $1,250,000
Size: 3,826 sq. ft.; $/sq.ft: $327;
# SOLD Jan-Dec. 2006: 55
MRSP: $1,245,000
Size: 3,535 sq. ft.; $/sq.ft: $352;
# SOLD Jan-Dec. 2007: 42
(down 24% from 2006)
MRSP: $1,317,000
Size: 3,509 sq. ft.; $/sq.ft: $375
# SOLD Jan-Dec. 2008: 25
(down 43% from 2007)
MRSP: $1,290,000
Size: 3,765 sq. ft.; $/sq.ft: $343 |
# SOLD Jan-Dec. 2009: 19
(down 24% from 2008)
MRSP: $1,500,000
Size: 4,395 sq. ft.; $/sq.ft: $341
ACTIVE (31 Dec.08): 93
(vs. 121 on 1 July 08, down 23%)
MLP: $1,649,000
Size: 4,059 sq. ft.; $/sq.ft: $406
ACTIVE (31 Dec.09): 85
MLP: $1,600,000
Size: 4,059 sq. ft.; $/sq.ft: $394
PENDING (31 Dec. 08.): 2
MLP: $1,420,000
Size: 4,795 sq. ft.; $/sq.ft: $296
PENDING (31 Dec. 09): 1
MLP: $1,259,000
Size: 5,338 sq. ft.; $/sq.ft: $236 |
| |
|
Condos/Townhomes
# SOLD Jan-Dec. 1999: 118
Median Recorded Sales Price: $146,000
Size: 1,322 sq. ft; $/sq.ft: $110
# SOLD Jan-Dec. 2000: 137
Median Recorded Sales Price: $159,000
Size: 1,322 sq. ft; $/sq.ft: $119;
# SOLD Jan-Dec. 2001: 124
Median Recorded Sales Price: $158,250
Size: 1,223 sq. ft; $/sq.ft: $129;
# SOLD Jan-Dec. 2002: 150
Median Recorded Sales Price: $177,250
Size: 1,163 sq. ft; $/sq.ft: $153;
# SOLD Jan-Dec. 2003: 154
Median Recorded Sales Price: $209,475
Size: 1,270 sq. ft; $/sq.ft: $165;
# SOLD Jan-Dec. 2004: 129
Median Recorded Sales Price: $279,000
Size: 1,325 sq. ft; $/sq.ft: $211;
# SOLD Jan-Dec. 2005: 111
Median Recorded Sales Price: $312,000
Size: 1176 sq. ft.; Price per sq.. ft: 265
# SOLD Jan-Dec. 2006: 86
Median Recorded Sales Price: $390,000
Size: 1,352 sq. ft; $/sq.ft: $288;
# SOLD Jan-Dec. 2007: 59
MRSP: $350,000
Size: 1,226 sq. ft.; $/sq.ft: $285
# SOLD Jan-Dec. 2008: 55
MRSP: $295,000
Size: 1,272 sq. ft.; $/sq.ft: $232 |
# SOLD Jan-Dec. 2009: 54
MRSP: $270,000
Size: 1,303 sq. ft.; $/sq.ft: $207
Includes
9 REO’s] (17%)
(MRSP: $209,000; $/Sq.ft: $167)
1 Short-sale (2%)
(MRSP: $202,000; $/Sq.ft: $152)
ACTIVE (31 Dec.08): 75
MRSP: $300,000
Size: 1,335 sq. ft.; $/sq.ft: $231;
PENDING (31 Dec.09) 7
MRSP: $239,000
Size: 1,207 sq. ft.; $/sq.ft: $198; |
| |
|
Vacant Residential Land
# SOLD Jan-Dec. 1999: 327
MRSP: $109,000;
# SOLD Jan-Dec. 2000: 418
MRSP: $140,000;
# SOLD Jan-Dec. 2001: 335
MRSP: $130,000;
# SOLD Jan-Dec. 2002: 381
MRSP: $145,000;
# SOLD Jan-Dec. 2003: 386
MRSP: $181,500;
# SOLD Jan-Dec. 2004: 428
MRSP: $225,000;
# SOLD Jan-Dec. 2005: 333
MRSP: $375,000;
# SOLD Jan-Dec. 2006: 115
MRSP: $519,000;
# SOLD Jan-Dec. 2007: 69
MRSP: $353,500
# SOLD Jan-Dec. 2008: 58
MRSP: $300,000 |
# SOLD Jan-Dec. 2009: 95
(up 64% from 2008))
MRSP: $135,000
(Down 55% from 2008))
ACTIVE (31 Dec.08): 446
MRSP: $369,000
ACTIVE (31 Dec.09): 335
MRSP: $319,000
PENDING (31 Dec.08): 1
MRSP: $124,000
PENDING (31 Dec.09): 7
MRSP: $180,000 |
| |
|
2009 Area MRSP Comparisions
for Single Family Homes Sales
City of Sedona: 181 sales
MRSP: $455,000
Median Size: 2,339 sq. ft.
$/Sq/ Ft.: $195
Village of Oak Creek: 154 sales
MRSP: $366,750
Median Size: 2,139 sq. ft.
$/Sq/ Ft.: $171
(12% differential w/City)
The Verde Valley: 522 sales
MRSP: $160,000
Median Size: 1,591 sq. ft.
$/Sq/ Ft.: $101
(93% differential w/Sedona) |
|
|
 |