Posts by : Wally Reule

It's a great time to buy land in Sedona. This lot has amazing views, it is conveniently located near everything that you need, and it is in an established neighborhood with mature vegetation. And best of all, for the buyer, the price has just come down by $24,900!

73 Meteor
Sedona, AZ

MLS# 507862 - Land

This gently sloped, hilltop lot showcases the highly coveted, panoramic, red rock views to the North & East. Take advantage of the low maintenance, lush landscaping that nature herself provided as native Juniper trees & stunning Manzanita bushes cover the property The red rock views are jaw-dropping and you are within walking distance of restaurants, fine shopping, & access to the...

Nobody knows what the long term effect will be, but it is likely that mortgage rates will drop to historically low levels. The stock market hates surprises, so the huge sell off yesterday was not unexpected. However, the U.K. is only about 4% of the world economy, and it doesn't leave the EU immediately. So the economic impact is likely to be much less than the market reaction suggests. While the U.K. starts to renegotiate its trade and economic relationships globally, its current ties to Europe and the world remain unchanged. U.S. companies will continue to operate in Britain as before, and British companies will continue to participate globally. It will be interesting to see what happen...

We take very seriously the responsibility that comes with helping our clients through the demanding process of buying or selling a home. And we take great pride in doing it well. Here is a nice bit of recognition from a happy client: 

"Jan Bigelow was WONDERFUL! Responsive, professional, knowledgable. We would definitely use her again. She listened, she staged the home nicely and had a stable of Handymen, Yard workers etc who were great and promptly corrected any problems. We have worked with several Realtors and had some very bad experiences, bordering on dishonesty. Jan was a breath of fresh air and restored our faith in Realtors!"... Annette

For a long time after the housing bubble burst almost ten years ago, it was nearly impossible to get financing on vacant land. No wonder, as land values in Sedona tumbled even more than home values. Well we are glad to see that some local lenders are again financing land purchases. That should be a big help for those who can't find the home they are looking for because of the low inventory, so are thinking about building their own.

This home is in a great location, has stunning views, and is move in ready. Before putting it on the market, the seller put on a new roof, all new carpet, and painted the entire interior of the home. It is functionally sound, or as we like to say in the business, it has good bones, but the finishes are dated. Therefore, the seller has decided to offer a very large price reduction to allow for updating. Call us if you have any questions.

2175 Corral Rd
Sedona, AZ

MLS# 509555 - Residential

Located in one of the most desired subdivisions in West Sedona, this move-in-ready 3 bdrm home with large studio/hobby or family room has incredible potential. A pathway to Sedona's finest hiking...

As you may know, Sedona has banned short term/vacation home rentals for years. They have not been alone, as many Arizona cities have done the same. However, new legislation signed into law by Governor Ducey will prohibit any city, town or county from restricting the use or regulation of vacation rentals and short term rentals. That will will go into effect on January 1, 2017.  However, it does allow the city to determine regulations if they are meant to protect public health and safety, which has been the rationale behind the regulations currently in place. I will be keeping a very interested eye on how this shapes up as we get closer to the end of the year.

So how is the market shaping up in Sedona in 2016? Well, so far it looks like a rerun of 2015. The number of sales and the median sales prices are almost exactly the same as they were last year. There is, however, one notable difference. That is, there are 9% fewer active listings in the Sedona Verde Valley MLS this year than there were at the same time last year. You would expect that prices would rise because demand exceeds the supply, but so far that hasn't happened

One of the great things about living in Sedona, in addition to its natural beauty, is the abundant opportunity for personal enrichment experiences. One of those is the Illuminate Film Festival. Here's how they describe themselves.

"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 showcases the best of transformational media to uplift, inspire and transform."

The festival starts on June 1...

Rental properties around the country are becoming a hot commodity. As the demand increases and supply remains static, average rents have been going up. That's exactly what has been happening in Sedona and the entire Verde Valley. As real estate agents, we often hear the frustration of clients who would like to rent while searching for a new home in this area, and finding that nothing is available. Of course, this situation creates an opportunity for investors. Read this recent article in the Sedona Red Rock News for information on this topic.

Sales of vacant land in the Verde Valley, and in Sedona in particular, have really taken a nose dive since the same time last year. The numbers for the first four months of the year in Sedona show that the number of sales is down by over 50%, and the dollar volume for sales is off by over 60%. There are a few bright spots, including Clarkdale, Lake Montezuma and the Village of Oak Creek. But if you are considering a land purchase in this area, now would be a good time, as prices are low.

This lot is in Sedona horse country, and the price has been reduced to under $100,000. If you're ready to start your wild west adventure, here is a great place to start.

260 Mockingbird
Sedona, AZ

MLS# 509469 - Land

For horse lovers or individuals who want to be close to Sedona and yet tucked away to do their own ''thing''---search no further---you've found your land!!! Cradled in the backdrop of one of Sedona's red rock outcroppings you'll find beautiful native plants, trees, and an easy-to-build-on piece of land. Home could be positioned on slight elevation at center of property which would provide magical panoramic views on at least 3 sides of the home. Land has been surveyed ...

Today is the day, but don't miss the big party on Saturday at Tlaquepaque. There will be music, dancing and great food. For more information click on this link.

Here is a testimonial that we just received on Zillow. It is a wonderful feeling to help our clients navigate a complicated course to their dream home in Sedona! Thank you!

"Wally Reule is an A-Z broker. He helped my family make a purchase in the Sedona area. He gave us help and service beyond what any average sales agent would provide. You never get the sense that he's helping you for the money. He takes personal interest in helping, and provides the brokerage service you didn't realize was available in the market. After getting to know him a little, he's not only an asset to the profession and his business, but also to the community he lives in. Treat yourself to his service, and treat...

In case you didn't know it, Wally sings with a barbershop quartet and a barbershop chorus. Both will be performing at a free concert next Wednesday, April 27. Please stop by if you can make it. See the poster below for details.

With negative interest rates in other countries becoming more common, an increasing number of foreign buyers are looking for a haven for their money. Last year, about 16% of total investment sales were made by foreign buyers, and that number is expected to increase in 2016. While this can be an excellent investment, there can be adverse tax consequences for the unwary buyer. It is very important to consult with a tax adviser who specializes in foreign investments to minimize future taxes. Real estate agents are prohibited by law from giving tax advice to foreign investors. However, we can help you find an excellent property and negotiate a great deal!

Demand for homes in Sedona is strong, and our supply can't keep up. This is not unique to Sedona, as the same thing is happening all around the country. New home construction is up, which is a good thing. But new listings for existing homes that a are priced well are not staying on the market for long. If you are considering a home in Sedona, and are planning to finance it, make sure that you are pre-qualified for a loan ahead of time.

These annual Oak Creek Canyon History Tours are led by Paul Thompson, grandson of pioneer homesteader Jim Thompson, the Sedona area’s first permanent Anglo settler who arrived in 1876. Tour in a small luxury coach while Paul explains 20+ homesteads, squatters sites, and historic locations including stops at Bear Howard’s cabin, Purtymun’s Cave Springs kitchen, and the Thompson springhouse, among others. Tours from 9:00 a.m.-12:00 p.m. For more information go to sedonamuseum.org

It's always fun to look at these articles, especially if you live in one of these cities. Livability.com looked at 2000 cities with populations under 350,000, analyzed some of the characteristics that make cities desirable, and came up with the following rankings. Number one was Alexandria, VA, followed by Santa Monica, CA. Greenville, SC, Bellvue, WA and Pittsburg, PA rounded out the top five. To see if your city made the list, click on this article.

This home was just put on the market. It has a new roof, new carpet, new paint, and the only thing it is missing is a new owner. It's ready!

2175 Corral Rd
Sedona, AZ

MLS# 509555 - Residential

Located in one of the most desired subdivisions in West Sedona, this move-in-ready 3 bdrm home with large studio/hobby or family room has incredible potential. A pathway to Sedona's finest hiking trails is less than 2 blocks away. This custom home was built to capture views of Thunder, Coffee Pot, Sugar Loaf & Chimney. Owner recently vacated property for health reasons. Home has new roof, interior paint, & flooring. Mstr Bdrm is oversized & elevated and provides dramatic red rock views & a ...

This new listing of ours has everything! It is on the Creek, it has its own tennis court and swimming pool. It has four bedrooms, each with its own bath, and it's close to nature.

10180 E Willow Drive
Cornville, AZ

MLS# 509554 - Residential

Genuine, old-world Spanish Hacienda in tranquil rural setting on Oak Creek. Wood & Iron custom doors open to inner courtyard & pool with artistic water feature. A Lighted tennis court & fenced in yard provides a park like setting for pets or picnics. Four bedrooms on main level, open to pool & have in-suite baths. 4th bedroom has wall of custom shelving for office use. Mstr bdrm suite has fireplace & private deck. Private Mstr deck has french ...