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Beautiful Home at 50 Meadowlark in Sedona Listed for Sale

Wed, May 20th 2015 5:48 pm by Wally Reule Sedona Real Estate Market News

Here is a beautiful Spanish Hacienda style home that is sure to go quickly. We've already had ten showings in the first two days.

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50 Meadowlark Lane
Sedona, AZ

MLS# 507062 - Residential

This old world Hacienda is patterned after Mexico's Country Estates. Upgrades include richly textured walls, arched doorways, art & sitting niches, Italian marble, & towering ceilings outlined by solid wood beams. Split bedroom lay out has 3 bedroom suites, all with patios. Mstr Bdrm has it's own office or artist studio. Living room & adjoining sitting room have wood burning kiva fireplaces. Classic French doors throughout invite you to enjoy the large backyard patio with its built-in barbeque & k...



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To Mortgage or not to Mortgage

Thu, May 14th 2015 7:48 pm by Wally Reule Miscellaneous

The American dream used to include paying off the mortgage before retirement, but that is sometimes no longer the case. Some people are being advised that with low mortgage rates and high stock market returns, they are better off to keep the mortgage, or buy with a mortgage, and keep their funds invested. An additional reason to keep the mortgage is the ability to write off the interest payment, which some clients of mine recently did, even though they could easily have paid cash for their home. Of course, you should always check with your financial adviser before making such a decision.



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New Mortgage Disclosure Forms Coming August 1

Tue, May 12th 2015 6:33 pm by Wally Reule Miscellaneous

The Dodd-Frank Act of 2010 mandated that Mortgage Disclosure Forms become more consumer friendly, and that the borrower have adequate time to review the documents. Well, a mere five years later that will become reality this summer. The main changes are the following. First, the Loan Estimate, which will replace the Truth in Lending statement, must be provided  three days after applying for a loan so the borrower has time to shop around. Second, the Disclosure Statement replaces the HUD-1 and must be provided three days before closing, to avoid surprises. For more information, read the entire Realtor.com article.



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New Construction of Single Family Homes in Sedona Increasing

Sat, May 2nd 2015 4:41 pm by Wally Reule Sedona Real Estate Market News

It's nice to see an uptick in construction of single family homes in the past couple of years. It's nothing like the heady days in 2002 - 2007 when we averaged 81 new building permits per year. But from a low of 23 new building permits in 2011, that number increased to 46 last year and is on pace to exceed that in 2015. It's not a surprise, as so few homes were built after 2007 that clients are having a hard time finding existing homes on the market with modern open floor plans. What is also interesting is that in 2013, after brisk sales of existing homes brought the inventory to the lowest level in 10 years, permits to remodel homes hit an all time high of 124.



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New Census Bureau Data on Household Formation

Wed, Apr 29th 2015 6:49 pm by Wally Reule Miscellaneous

The U.S. Census Bureau just released the numbers for new household formation for the first quarter of 2015, and the news is good. In the first three months of this year, 4,601,000 new households were formed. This compares very favorably to the long term average of 3,450,000. Increases in household formation correlate well with periods of strong housing markets because of increased demand for housing, both rented and purchased.



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Sedona Russ Lyon Sotheby's Agents Schedule Canyon Cleanup

Thu, Apr 23rd 2015 5:16 pm by Wally Reule Events

Russ Lyon Sotheby's agents in Sedona regularly volunteer their time and energy to assist in community efforts. Last year over 20 agents joined the Oak Creek Watershed Council in a cleanup effort that filled numerous bags with waste and litter. This year we are scheduled to return on May 20. If you'd like to join us, please give us a call.



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Sedona First Quarter Market Statistics

Sat, Apr 18th 2015 3:03 pm by Wally Reule Sedona Real Estate Market News

First quarter market statistics are in, and confirm that the market has slowed. Median sales price and price per square foot have both increased, but the number of homes sold has declined. Sales of vacant land have been flat, but the median sales price has decreased significantly. For more detail click here.



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Yavapai County Flood Maps Have Changed

Wed, Apr 15th 2015 8:17 pm by Wally Reule Events

On April 1 some of the Flood Zone Maps in Yavapai County were updated. This is an ongoing process, and if you live in a flood zone, or are contemplating the purchase of property in a flood plain, you need to know how this will affect you. Some floodplain boundaries have changed, which can change your insurance rates. Additionally, new legislation has changed how insurance is priced. The Yavapai County Flood Control District does a great job of keeping residents informed. For more information visit their website at www.ycflood.com



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Thunder Mountain Ranch Lot for a Great Price

Mon, Apr 13th 2015 6:53 pm by Wally Reule Sedona Real Estate Market News

This building lot is in a very desirable neighborhood and it is absolutely priced to sell. The building envelope is is marked with pink ribbons so you can appreciate the view of Thunder Mountain from where your living room will be.

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2895 Thunder Mountain
Sedona, AZ

MLS# 506674 - Land

Have you ever dreamed of living in one of Sedona's finest communities, close to all amenities, in a home surrounded by native trees, lush green vegetation and within walking distance of hiking trails & the National Forest. Then search no further. A gentle, sloping drive to an easy to build, flat area will keep construction costs low. Spend your days watching the sun play off of Thunder Mountain, Coffe...



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Interest Rates Dropping as Market Gets Stronger

Thu, Mar 26th 2015 6:52 pm by Wally Reule Sedona Real Estate Market News

According to an article in Realtor.com today, all of the housing news this week has been good—home sales are up for both resales and new construction—and now interest rates have moved lower.  And home buyers seem to be taking advantage of what industry insiders believe to be the last days of low mortgage rates.The 30-year fixed-rate mortgage averaged 3.69% this week, down from 3.78% last week. It was 4.4% a year ago this time. And all of this coincides with one of the most beautiful times in Sedona. But then again, there are no coincidences in Sedona!



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Great Starter Home or Investment in Village of Oak Creek

Tue, Mar 24th 2015 7:40 pm by Wally Reule Sedona Real Estate Market News

This just came on the market today. It's in great shape, and ready for you or your renter to move right in. Priced to sell, so you know it won't be available for long.

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100 Horse Canyon Drive
Sedona, AZ

MLS# 506519 - Residential

If you are looking for a peaceful, friendly neighborhood this 2 BR split design, single level home with open floor plan needs to be at the top of your list. Owner has made several important improvements including a new roof, paint (exterior & interior), a skylight & new toilets. This home lives "big" with it's wood burning stove in the great room, cathedral ceilings, & heated & cooled Arizona room (now being used as an office). Step through sliding glass d...



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Beautiful Nepenthe Townhome Price Reduction

Mon, Mar 23rd 2015 4:39 pm by Wally Reule Sedona Real Estate Market News

Nepenthe is a highly desirable townhome community with a great central location. This particular unit has upgrades unmatched in any other home in the subdivision, and the price has just been reduced. 

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104 Pine Leaf
Sedona, AZ

MLS# 505461 - Residential

Situated in the heart of West Sedona this Nepenthe townhome is within walking distance of shopping, hiking and Sedona's other amenities. Quality upgrades include Knotty alder built-ins, hand railings and doors, granite countertops, rough Italian marble fireplace, bathrooms tiled from floor to ceiling, enlarged master shower and cedar closets are just some of the upgrades waiting for you. One car garage with additional parking only s...



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Your Personal Carbon Footprint

Fri, Mar 13th 2015 4:09 pm by Wally Reule Miscellaneous

Now that I have earned my GREEN Designation from the National Association of Realtors, you can expect to see a lot more on the subject of sustainability on our website. Here is an interesting one. The following link will take you to a calculator offered by the Green Resource Council to tell you the size of your Carbon footprint. I was a little surprised to see how large mine is. If I could convince our clients to go from showing to showing on foot or bicycle, that would help. But I don't think it's very likely. Here is the Carbon Footprint Link.



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Wally Reule earns NAR GREEN Designation

Mon, Mar 9th 2015 6:20 pm by Wally Reule Miscellaneous

Homes that are energy efficient and are environmentally friendly just make good sense. The demand for them is increasing, and the value is now recognized in both sales price and financing. In order to stay ahead of these trends, and to continue to provide the highest level of service to our clients, Wally Reule has recently completed all of the requirements to earn his GREEN Designation from the National Association of Realtors. So why is that important? In the spirit of efficiency, here is what the Green Resource Council has to say about it.

"Buying a home is probably the biggest investment you will ever make, and often the most complex. If you're looking to buy an existing home and mak...



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Jetset Extra Provides Focus on Sedona

Mon, Mar 2nd 2015 12:14 pm by Wally Reule Events

The Cityscopes section of Jetset Extra just published a very good description of Sedona. Written by Leah Bigelow, it ends with the following summary. "The stunning red rock scenery might be the first thing that catches a person’s eye when entering Sedona, but the city’s beauty goes so much deeper than what can be seen at face value. Its history, art, music, spirituality, and harmony with nature combine to provide a peaceful place that promotes wellbeing of body and mind." Click here to read the entire article.



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Sedona Home at 365 Concho Drive Price Change

Wed, Feb 25th 2015 5:10 pm by Wally Reule Events

This home is a real beauty and the price has just been reduced.

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365 Concho Drive
Sedona, AZ

MLS# 505128 - Residential

A lush garden courtyard welcomes you to a home that truly has it all !! If quality location, red rock views, privacy, a fenced yard, a basement-storage area, & move-in-ready are on your "must have" list - - you'll find it here! Sky lights & walls of glass frame Sycamore trees & desert landscaping. Quality appointments include crushed quartz counter tops, red oak flooring, stained glass entry doors, lead crystal knobs (on cabinets & doors), soft close drawers, Toto-low flush toilets with self closing lids, copper sinks, and a Jacuzzi tub. Evaporative & AC cooling r...



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Foothills South Building Lot Price Reduction

Mon, Feb 23rd 2015 2:09 pm by Wally Reule Sedona Real Estate Market News

This lot has amazing panoramic views of Sedona, and the price has just been reduced from $330,000 to $299,750. This is the best remaining lot in the

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3282 Calle Del Montana
Sedona, AZ

MLS# 503948 - Land

Sedona's red rocksoften referred to as the "8th" Wonder of the World, provide a mesmerizing backdrop for this beautiful lot. Centrally located in one of Sedona's finest gated communities, this premier custom building lot has it all! Resting on one of the highest elevations in Foothills South, this property provides the privacy and unblockable views, that buyers & investors have at the top of their wish lists. Couple that with the fact that this lot is alive with native bushes, tree...



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Incredible Building Lot in Cross Creek Ranch

Sun, Feb 22nd 2015 12:33 pm by Wally Reule Sedona Real Estate Market News

Our newest listing is for an absolutely incredible lot in the prestigious gated community of Cross Creek Ranch in Sedona. The lots in this subdivision are a minimum of two acres, but this is not only the largest at 3.71 acres, but it has the highest elevation for great unblockable views. This lot was purchased ten

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70 Amber Cliffs
Sedona, AZ

MLS# 506222 - Land

This magnificent, 3.71 acres is one of the largest lots in Cross Creek Ranch. Nestled at the back of a cul de sac this lush acreage offers you the luxury of complete privacy, creek front access, miles of private hiking trails, and the most awe inspiring views of Sedona's Red Rock Mountains. This lot has been surveyed , with ...



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Buying or Selling Sedona Luxury Real Estate

Mon, Feb 16th 2015 5:01 pm by Wally Reule Sedona Real Estate Market News

Buying or Selling Luxury Real Estate requires special skills and knowledge, which was why the Sedona Luxury Real Estate Professional (SLREP) group was formed. Jan Bigelow is a proud member of that select group of 26 agents, and if you are considering the sale or purchase of a luxury home, here are some reasons that you should work with Jan. In 2014, SLREP agents were involved in 64% of all Luxury Sales over $1,000,000, while 36% were sold by the other 640 agents in the Verde Valley. What this means is that a SLREP agent is 30 times more likely to successfully complete your luxury sale.



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Price Reduction on 104 Pine Leaf Lane in Sedona

Sun, Feb 15th 2015 2:39 pm by Wally Reule Sedona Real Estate Market News

This patio home is absolutely gorgeous! It has more upgrades than any other unit in Nepenthe, and the price just came down $10,000. The only other home in Nepenthe with this floor plan that is presently listed for sale is priced higher, and does not have the upgrades.

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104 Pine Leaf
Sedona, AZ

MLS# 505461 - Residential

Situated in the heart of West Sedona this Nepenthe townhome is within walking distance of shopping, hiking and Sedona's other amenities. Quality upgrades include Knotty alder built-ins, hand railings and doors, granite countertops, rough Italian marble fireplace, bathrooms tiled from floor to ceiling, enlarged master shower and cedar closets are just some of the upg...



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