Posts by : Wally Reule

I came across an interesting, and somewhat surprising article in Realtor.com. It turns out that I am at least partially responsible for the housing shortage, because I haven't moved out of my home and into  assisted living yet. My selfish action, along with many other baby boomers, is helping to drive up the cost of housing and keeping the millennials from being able to purchase a home. Sorry about that! Here is a link to the article if you want to know more.

Attached is an article that appeared in Sedona.biz regarding a home fire that was caused by faulty electrical wiring. It's a good reminder to check your electric outlets, wires and connections. One of the things that we have seen, and that is not uncommon is pack rats finding a way into the attic and chewing on the wiring insulation. Keep an eye on that, especially if you hear scratching in your ceiling at night. Here is the article.

Time to lace up those running shoes for a run through the majestic red rocks of Sedona. They offer a 5k, a 10k and a half marathon for your running pleasure. For more information, or to sign up, go to www.sedonamarathon.com

The year ending numbers are out, and we enjoyed a banner year in Sedona. Sales of homes and vacant land went up 10% and 7% respectively. For the details, look at our Market Statistics Page.  Another interesting note is the difference between the Sedona and the Village of Oak Creek (VOC) Markets. In 2018 the median price of a home sold in the City of Sedona was $615,000, compared to the median price of $500,00 for a home in VOC. We normally tell clients to expect a 12 - 15 % difference, but for 2018, it increased to nearly 19%.

I just read an article entitled "Sedona ranks as the No. 1 most under-rated destination". The title seems to be a bit of an oxymoron, but it makes sense when you read it. The bottom line is that Sedona has so much to offer that visitors are more impressed than they expected to be.  Here is a link to the article. https://azbigmedia.com/sedona-ranks-as-the-no-1-most-underrated-destination/

If you're frustrated by not being able to find a parking space in Uptown, I have the solution for you. I was at a Sedona Community Pulse meeting yesterday and learned about a new app that will not only show you where the empty spaces are, but will also give you directions, and if it's paid parking you can pay remotely using your phone. Here is a link to the city with directions on how to get the app.

http://www.sedonaaz.gov/visitors/visit-sedona/parking-in-uptown/see-parking-availability-get-the-app

If you haven't been following this story, potential buyers of this 172 acre ranch near Sedona are seeking a zoning change so they can develop a 600 unit manufactured home community. Of course, there are strong opinions on both sides. One side argues that it would provide badly needed affordable housing for Sedona, and the other says that the environmental impact is unacceptable. The parcel is located outside the Sedona city limits, so the decision will be made by Yavapai County. The next meeting of the Yavapai County Planning and Zoning Commission will be January 16, and I expect a very lively discussion.

This was a great home before the present owner put in some fabulous upgrades, including a brand new casita and swimming pool!

2040 Tierra Serena
Cottonwood, AZ

MLS# 518374 - Residential

Stunning quality, elegance & expansive mountain views only begin to describe the charm of this 5 year old home. Over $225,000 invested in the property in the last 3 years. New features include solar, Fireplace with stacked rock in L Rm, 786 sq ft casita, pool/ spa, fenced yard, paver walkways, synthetic grass, epoxy garage floor, storage shed. Kitchen highlights include over-sized Kodiak granite island, commercial grade Thermador appliances, warming oven , hard wood custom cabinetry. with pull o...

Her is our newest listing in West Sedona. It would be a great home with plenty of room for growth, or because it is in an area with no HOA, it could be a vacation rental.

350 Arroyo Pinon Drive
Sedona, AZ

MLS# 518295 - Residential

Massive red rock views and West Sedona location make this property a prime candidate for a buyer looking for no HOA, a 2nd home, or a short term (VRBO) rental opportunity. Mature desert landscaping surrounds the 4 buildings existing on .52 of an acre. 2 bdrm 2 bath main home could be a 3 bdrm dwelling. Casita is remodeled and rented. Two additional buildings exist; one is a workshop and the other storage for art (but could be transformed into an artis...

This home is conveniently located in West Sedona, and is a beautiful home with upgrades galore!

80 Rimstone Circle
Sedona, AZ

MLS# 518100 - Residential

Looking for a luxurious, resort-like sanctuary in the heart of Sedona? Well here you have it. Follow the tree lined, paver, driveway to this private location. Glass walls recede into the interior making the courtyard & rear elevated patio areas part of your every day living space & experience. Home showcases the latest in tile flooring, fine appointments, media room, & a grand entry pivot door. The coffee bar & wine room with a pass thru window to court yard is an entertainer's delight! Property is fenced, has dog run, solar, sy...

Many of you know that after Jan and real estate, my love is singing. I sing with a barbershop chorus called Harmony on the Rocks, as well as a couple of quartets. Our annual show will be at 2:00pm on Sunday, November 4, and will be held at the Church of the Red Rocks in Sedona. It's free to the public, so please come and join the fun.

This lot has it all! Great views, great location and gently sloped building envelope!

4651 Red Rock Loop
Sedona, AZ

MLS# 517894 - Land

This exquisitely elevated acreage offers awe inspiring, unblockable, panoramic red rock views. Cathedral Rock could be the centerpiece view from your living area. Juniper trees and lush desert vegetation add to this lot's unique qualities. Privacy and massive red rock views coupled with close proximity to all the conveniences of Sedona are just a few of the reasons to consider this extraordinary piece of land as your next home site. Make short work of your search & buying decision by factoring in the location... no HOA,... the size of the lot......

The third quarter statistics are out, and they show a Sedona Real Estate market that remains strong. The number of single family homes sold for under $1,000,000 grew from 347 in 2017 to 403 in 2018, a healthy 16 per cent increase. The main drag on this market is that the inventory has been low for at least the past two years. For more information, click here to go to our market statistics page.

We had the privilege and the  pleasure of helping this couple find a home in Sedona, and we very much appreciate these kind comments that they posted on Zillow.

"Jan and Wally were instrumental in helping us find and buy our second home in Sedona. We had looked in person but hadn't found anyplace that seemed to work. Then we found the place we bought online. Jan and Wally Skyped walk throughs for us a couple of times and we made an offer. They were excellent in helping us negotiate a good price and in helping with the entire financing and purchase process. We love our townhouse. They were always very responsive, usually within a few minutes of any email or text that we sent. They are ver...

What a great event! They always have such a wonderful line up of films, and the people are almost as much fun to watch as the movies. To register, or just to check it out, go to their website at www.sedonafilmfestival.org

There is still time to register for this year's Sedona Marathon. However, it is to late to start training for it, if you haven't already. And that's why they call it the Sedona Marathon Event. You can choose to go 5K or 10k, and even walk if that suits you better, while enjoying the magnificent Sedona views. It is happening on Saturday, February 3. Just go to www.sedonamarathon.com to register

As I've lamented in the past, the inventory of Sedona homes for sale in the $450,000 - $650,000 range is at an all time low. And when a good one comes on the market, it will often get multiple offers within the first couple of days. Just yesterday I showed clients a home that was available in the morning, they loved it and were ready to write an offer, but by the time we got back to the office, it was under contract. One of the lessons here is that in this market, you may have to build a home in order to get what you want.

The good news is that land prices still have not fully recovered form the 2008 crash, and offer a lot of value. A great example is our listing in Cross Creek Ranch. Th...

We brought this one to market just yesterday, and already have four showings scheduled. Because of its quality, location, price and potential as a vacation rental, we expect it will go very quickly.

25 Santa Barbara Drive
Sedona, AZ

MLS# 515125 - Residential

Located in the heart of West Sedona this 1994 sq ft, single level home has everything you need for easy living. Soaring, beamed ceilings with windows of glass capture the light from 3 sides of the home while showcasing Thunder Mountain and the red rocks. Improvements are many beginning with a remodeled kitchen, new appliances, new light fixtures and fans, cement/tile roof, new Trex deck and railings, new garage door, as wel...

This home has it all. Schedule a showing today!

75 Whitetail Lane
Sedona, AZ

MLS# 515092 - Residential

Centrally located, this contemporary Santa Fe home lives like a 5 Star Resort. Dramatic soaring ceilings highlight an elegant winding staircase leading to a loft with built in wet bar & wine fridge. Please note - -entry and all main living on one level! Use loft as a spacious entertainment area with spectacular views or as an artist studio, game room, or home office. Walls of custom glass encircle the loft opening up panoramic red rock views, & cascading light to the great room below. Home has split bedroom floor plan. Mstr bdrm has kiva gas fireplace, jetted tub & separate op...

I have mentioned in the past that there is a shortage of long term rental properties in Sedona. This shortage is the result of many rental properties being converted to vacation rentals. The Sedona City Council has expressed concern about this, and has now done something about it. They recently increased multi-family housing density limitations from 12 per acre to 20 per acre. And just last Tuesday, they unanimously approved a 45 unit complex in West Sedona. For more information follow this link to the Red Rock News article.