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New Listing in Oak Creek Canyon

Sun, Jun 25th 2017 4:27 pm by Wally Reule Sedona Real Estate Market News

Here is our newest listing in beautiful Oak Creek Canyon. What a great place to escape the summer heat!

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4426 N State Route 89A #12
Sedona, AZ

MLS# 513561 - Residential

This quality, meticulously cared for cottage ON THE CREEK sits high amidst the sycamore trees. Relax on one of 3 decks overlooking the creek, or follow the pathway down to the creek & watch the Herons fish. Home has many upgrades, new deck, & both air conditioning & evaporative cooling. Residents own 1/18 stock equity in the 2.11 acre parcel the park sits on. HOA fees include natural spring water, community septic, trash, TV cable, water tests, repairs, maintenance to water system, as well as office expenses for on...

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Cottonwood’s housing boom!

Fri, Jun 16th 2017 7:02 pm by Leah Kolb Sedona Real Estate Market News

There is a good chance you've been hearing about the hot the real estate market. Like many homeowners you might be considering a move but you've been waiting for the right time. As real estate professionals we’re thrilled to report a positive outlook for those who are thinking about buying in the Verde Valley.

Cottonwood is bursting with new residential building which will open up many possibilities and is sure to offer homes in many price ranges.

Vineyards at Cottonwood’s 550-home housing development may be the area’s newest subdivision project, but it is by no means the only one going.

Construction of new homes continues at Mesquite Hills in Cottonwood and Mountain Gate and Crossroads...

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It's Summertime and you know what that means? Time to go to the ski lift!

Tue, Jun 13th 2017 7:56 pm by Leah Kolb Events

What? The ski lift in the summer?

Snowbowl Scenic Chair Lift 

Beat the heat and head up to the mountains for some COOL fun!

Take in the dramatic scenery of northern Arizona from a bird’s eye view by spending your summer afternoon on Arizona Snowbowl’s Scenic Chairlift. It’s perfect for the entire family. The lift shuttles you up the western side of the San Francisco Peaks, and takes you up 2,000 feet in elevation. From here, you can take in the expansive beauty northern Arizona has to offer, including views of the red rocks in Sedona, the cinder cone volcanic field, and the walls of the Grand Canyon. The chairlift ride offers great opportunities for photography, observing wildlife, or just enjoying the peacef...

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Cute Sedona Cottage

Tue, Jun 6th 2017 1:58 pm by Leah Kolb Sedona Real Estate Market News

We knew this would go fast and it's amazing, we already have an offer.

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445 Coffee Pot Drive
Sedona, AZ

MLS# 513405 - Residential

This small cottage in West Sedona has an impressive list of amenities and improvements. Besides being within walking distance of all that Sedona has to offer and close to hiking - this 2 bedroom, 1 bath home has a large fenced back yard. The spacious back deck has great views of Thunder Mountain. The kitchen and dining area is open to the living room. A wood burning kiva fireplace is the center of the living area. New sound proof windows & a patio door have been installed. The exterior has been recently painted. Clay walls and cork floors make this the ...

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New Vacant Land Listing at Thunder Ridge in Lake Montezuma

Sun, Jun 4th 2017 11:23 am by Wally Reule Sedona Real Estate Market News

Here is our newest listing. It's a large lot in a the very desirable Thunder Ridge subdivision. And more new listings are on the way, so stay tuned in.

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6050 Thunder Ridge
Lake Montezuma, AZ

MLS# 513397 - Land

It doesn't get any better than this.3.36 acres of high desert, located in the Master Planned Community of Thunder Ridge, with a private WELL, and a level/flat build. Surrounded by beautiful custom home sites, Thunder Ridge offers buyers the chance to build their own personal sanctuary "away from it all". This lot has 360 degrees of sweeping, panoramic views highlighted by mountain ridges, trees, and flowering desert vegetation. Wildlife frequently visits, the long wash runni...

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Sedona Real Estate Market is Hot

Fri, Jun 2nd 2017 11:15 pm by Wally Reule Sedona Real Estate Market News

The market is really hot, and would be hotter if there were enough homes to sell. Here are some statistics to back it up.

  • So far 175 single family residences have sold, compared to 140 last year....a 25% jump.
  • There are 209 active single family residence listings now compared to 298 last year.
  • Median sales price is $510,000, up 13%
  • 15 luxury homes over $1,000,000 have sold compared to 5 last year.
  • Vacant land is really picking up as the inventory of homes declines, with 52 lots sold compared to just 20 a year ago.

Now is a great time to buy land if you're thinking about building. Although the number of lots sold has been increasing, prices have lagged. But as inventory declines,...

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Our Very Own Village of Oak Creek Recognized for Tax Friendliness

Wed, May 31st 2017 11:47 pm by Wally Reule Miscellaneous

According to SmartAsset's list of most tax friendly towns for retirees, The Village of Oak Creek is number one. They take into account income tax, property tax, sales tax, fuel tax and social security. So if you want to save some money on your taxes, move to the Village. To learn all about it, go to this article in the Flagstaff Business News.

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Will Reverse Mortgages Survive the New Federal Budget Cuts?

Mon, May 29th 2017 12:16 am by Wally Reule Miscellaneous

I have heard rumors from mortgage brokers that the federal funding through HUD that makes reverse mortgages possible is in jeopardy with the new federal budgets. I hope that doesn't happen because my opinion is that it's a great option for many of our clients. Apparently the first budget proposal from the white house does not mention this program, but it does mention some others. However, the proposal is short on details so who knows. For an interesting read on this subject, go to this issue of Reverse Mortgage Daily.

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Illuminate Film Festival Kicks Off May 31

Sun, May 28th 2017 11:03 pm by Wally Reule Events

This year the festival runs from May 31 to June 4. They offer some wonderful, thought provoking films and we highly recommend it. Below is their Mission Statement, which obviously says it much better than I could. Click on www.illuminatefilmfestival.com for more information.

"Our mission is to expand human consciousness through cinema."

"ILLUMINATE is the world's premier film festival for conscious cinema. Dedicated to spreading enlightened ideas and pushing humanity forward, ILLUMINATE is a landmark destination event and centerpiece for conscious content. Founded on the premise that the language of film is universal and a dynamic force in carrying messages to the masses, the Festival s...

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Sedona International Film Festival Fund Raiser

Tue, May 9th 2017 1:57 pm by Wally Reule Events

The Sedona International Film Festival is something that we are very proud of. It has become one of the premier film festivals in the country, and attracts great films and artists. They have started a $250,000 matching grant campaign to help pay for their new theater and to guarantee their  financial stability in the future. We support them and encourage others to do the same. To read more about it, go to this Red Rock News article.

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Affordable Housing in Sedona Remains an Issue

Thu, Apr 27th 2017 2:40 pm by Wally Reule Sedona Real Estate Market News

Affordable housing, or a lack thereof, has been an issue for many years, and the shortage has only increased with the change in the law to allow short term rentals. Many homes that had long term tenants have been converted to vacation rentals, which has driven up average rental rates. That , in turn, makes it more difficult for businesses to find employees, as there is not enough housing available for the local workforce. An informal group started by Linda and Ron Martinez is exploring options, with support from the city administration. For an interesting read on this subject, click on this Red Rock News article.

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Jan Bigelow is a Member of the Russ Lyon Sotheby's President's Club

Fri, Apr 21st 2017 4:41 pm by Wally Reule Events

Congratulations to Jan for being named to the Russ Lyon Sotheby's International Realty President's Club. Only the top 15% of agents receive special recognition like this, and Jan was one of only six among the 70 agents in the Sedona office. She has worked very hard for her clients, and this recognition is very much appreciated.  President's Club

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Sedona Chamber of Commerce Has a New Marketing Contract

Wed, Apr 19th 2017 5:31 pm by Wally Reule Events

Tourism in Sedona is really booming, and much of the credit goes to the destination marketing program developed by the Sedona Chamber of Commerce. The City signed a contract with the Chamber three years ago, and the result has been that tourism levels are higher than ever. As a reward, the City Council just approved a new seven year contract with the Chamber. The increased number of tourists puts stress on the local infrastructure, and that is also addressed in the new contract. To read the full article in the Red Rock News, click on this link.

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Real Estate Dawg Recovering from Surgery

Thu, Apr 13th 2017 12:47 pm by Wally Reule Events

Team member Abby blew out the doggie equivalent of her ACL, and had surgery to repair it on Tuesday. Here she is with her cone and goggles, preparing to receive a laser treatment to help promote healing. She's anxious to get back on the playing field.Real Estate Dawg

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Home With Character in Uptown Sedona

Thu, Apr 13th 2017 12:38 am by Wally Reule Sedona Real Estate Market News

Here is a new listing that Jan and I brought to market, and boy does it have personality. It already has a renter in the in-law apartment, in case you're looking for an investment. And most interestingly, it has roof windows over the dining room with a real tree that goes all the way to the ceiling. And the views are spectacular!

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50 Forest View Tr
Sedona, AZ

MLS# 512706 - Residential

This custom 1984 southwest home was built to take advantage of all that SEDONA has to offer; awe-inspiring red rock views, .78 of an acre bordering forest service on 3 sides & a private location at end of a cul de sac. 5 Kiva fireplaces, glass "roof" windows & a 20' indoor tree set this home apart. T...

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First Quarter Sedona Market Statistics

Tue, Apr 11th 2017 5:09 pm by Wally Reule Sedona Real Estate Market News

The numbers are in for the first quarter and they confirm what we already know. The market is hot, but there are not enough homes to sell. Compared to last year, the number of homes under $1,000,000 is up nearly 13%, and the median sales price is up 13.3%, going from $450,000 to $510,000. The only thing holding it back is that the inventory of homes for sale has gone way down from 290 to 195. Ouch! Sales of homes over $1,000,000 are even more impressive. The number of homes in this price range have more than doubled, and the median sales price has increased by over 10%. Vacant land sales have also increased, the the median sales price has actually gone down. for more detail, go to our Mar...

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Great New Listing in Cottonwood

Wed, Apr 5th 2017 7:13 pm by Wally Reule Sedona Real Estate Market News

Here is our newest listing, and it's a beauty. It feels like you can see forever from the comfort of your own living room. It could be a starter home, a second home or an investment. The market is heating up in Cottonwood, so don't wait too long to see it, or it might be gone.

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1511 E Sandy Lane
Cottonwood, AZ

MLS# 512652 - Residential

This Cottonwood gem has it all. Immaculately maintained, this 3 bdrm 2 bath, 1665 sf home lives BIG featuring a modern open floor plan. Panoramic red rock views explode into your vision as you enter the home. Two patios & a deck make outdoor living plentiful & enjoyable. Large trees, wisteria bushes & the largest Lady Banks Rose bush on the planet s...

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Foreclosures in Sedona

Thu, Mar 30th 2017 7:04 pm by Wally Reule Sedona Real Estate Market News

If you are looking for a great deal on a foreclosure, Sedona is probably not the place to do it. There aren't very many distressed properties available, and the banks don't seem to be willing to make the good deals that they used to when there were more of them. A couple of days ago I did a search for a client, and found that in Sedona, out of 232 active listings, there were only three foreclosures and one short sale. And one of the foreclosures had recently had a $20,000 price increase, reflecting what is going on in the is market. Inventory is low, so if you're waiting for prices to go down, it will be a very long wait.

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FHA 203K Loan Can Be a Great Way to Buy a Fixer Upper

Tue, Mar 28th 2017 12:02 am by Wally Reule Sedona Real Estate Market News

As I have mentioned several times recently, the inventory of good Sedona homes in the $400,000 - $600,000 range is very low. When a good one in that range comes on the market now, it doesn't last very long. So if what you're looking for doesn't seem to exist, maybe you should just consider making one. How do you do that? Well, the FHA 203K loan rolls in the cost of the home as well as the cost of improvements into one loan. So you might be able to find a home that has the potential to be what you are looking for, and using the improvement dollars, create your dream home in Sedona!

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Sedona Reviewing Sign Code

Sat, Mar 25th 2017 9:06 pm by Wally Reule Events

As a result of a recent United States Supreme Court ruling on signage in the case of Reed vs. Town of Gilbert, the City of Sedona is reviewing its 20 year old sign code. It will try to balance the needs of local businesses with the desire to protect our natural beauty. One of the things that may change is that off premise signs for real estate and for garage sales may be prohibited. The Planning and Zoning Commission will meet again on March 30 and may approve a draft of the policy for submission to the Sedona City Council. To read the article in the Red Rock News, click here.

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