Except for the Luxury Home and Townhome Sectors, the 2015 housing and land markets are off to a listless start so far.
Single Family Home sales numbers continue to lag even last year’s slow beginning, down about 12%.
The Median Recorded Selling Price is currently $400,000, marginally ahead of 2014 at this point by a little over 1%. And, compared with the end of 2014, it’s down 9%. At $214, the Average Cost Per Square Foot is up 2% over April 2014, but essentially the same as in December 2014. So, all-in-all, prices remain flat.
All-in-all, prices remain flat.
At the other end of that market, the Condo/Townhome sector continues to show surprising strength. Sales are still ahead of 2014’s and prices have broken through the $200/square foot barrier for the first time in six years.
I believe that his much robustness in the high end of the Sedona home market portends an eventual overall upsurge in the general housing market.Roy E. Grimm
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