Sedona Real Estate November 14, 2020

Dated: November 14 2020

Views: 84

Weekly Update. November 14th, 2020.

At the time of this blog, the Arizona Department of Health Services said that the number of confirmed cases in Arizona was 273,053 with 6,300 deaths. This is approximately a 6.1% and a 2.5% increase over the previous week.

The Fatality Rate, the number of deaths as a percentage of confirmed cases, is 2.3%. For those up to 54 years of age the Fatality Rate is 0.4% and for those 55 and over it is 8.8%

Maricopa County accounts for 174,957 of confirmed cases and 3,699 of deaths. This is 64% and 60% of the Arizona numbers, respectively. The figures for Yavapai County are 3,570 and 103, and for Coconino County are 6,248 and 159, respectively.

 

In Arizona, there have been a total of 2,291,553 tests performed, which is approximately 31.5% of the population. 9.7% of those tests have shown positive. Of the tests, approximately 86% have been Diagnostic Tests (do you currently have the virus), and 14% have been Serology Tests (do you have the antibodies).

As of yesterday,
Yavapai County Community Health Services said the number of people tested in Yavapai County was 54,502 with 50,940 testing negative, which is 94.0%. The number of tests is approximately 23.9% of the County’s population. The number of deaths is currently approximately 0.04% of the County’s population and the Fatality Rate is 2.84%.

A chart of the daily increase in confirmed cases in Arizona is below. It demonstrates the current upward spike and rising trend.

                                             


Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Moving Averages are for 1 year. This week's numbers are,

New Listings

12

MAV

17.7

New Listings; Back on Market

Under Contract

32

MAV

27.2

Active-Contingency Removal; Pending-Take  Backup; Pending

Closed Escrow

14

MAV

11.8

Sold; Closed Escrow

Off Market

3

MAV

5.4

Canceled; Expired; Temporary Off Market

 

 

 

 

 

Price Reductions

4

MAV

6.8

 

Price Increases

2

MAV

0.8

 


Over the week there were 7 new Listings and 5 coming Back on Market, (total 12). There were 14 Closings, and 18 Pending Sales (total 32). Taking Pending and Closed away from new Listings gives a reduction of inventory by another 20 units.

Contract Ratio:  The Contract Ratio is 131.70. The average over the last year is 68.90.

The Average Price per Square Foot of homes that are Under Contract was $348.41 per square foot. The yearly moving average is $315.46 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $297.21 per square foot.

MARKET ACTIVITY.

 

Here is a Table that contrasts the real estate activity in West Sedona over the last 6 months with the same period the previous year.

WEST SEDONA.

Closed 6 Months

Closed 6 Months

Market Segment

To November 14 2020

To November 14 2019

Single Family Residences

256

163

Condominiums/Townhouses

31

23

Price Band

 

 

Under $250,000      

1

0

$250,000 to $400,000

29

24

$400,000 to $600,000

74

71

$600,000 to $800,000

73

36

$800,000 to $1,000,000

35

25

$1,000,000 to $1,250,000

26

20

$1,250,000 to $1,500,000

21

2

$1,500,000 to $2,000,000

19

6

$2,000,000 t0 $2,500,000

5

1

Over $2,500,000

4

1

Area

 

 

Oak Creek Canyon

13

8

Uptown Sedona

36

27

West Sedona

178

114

RR Loop/Outlying

20

Blog author image

Sean Baguley

I’ve been a licensed Realtor® in Sedona since 2005, having spent most of my career in the International Financial Markets, so I’m used to handling large transactions, am an excellent negotiator, ....

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