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Art of Sedona Event at Russ Lyon Sotheby's Office

Tue, Sep 3rd 2019 12:38 pm by Wally Reule Events

The Art of Sedona presented by Russ Lyon Sotheby's International Realty. Perfectly uniting our passion for real estate and art, this exhibition is open to the public to view the work of local artists, so please stop in for a self guided tour during regular business hours. We will have art hung throughout the year in support of the Sedona art community because we have a passion for fine art, beautiful environments and of course, exquisite homes. We are pleased to feature the work of local artists; Diane Eide, Harold Shifman, Cass Schorsch, Gerry Stocks, Page Gilmartin Filson, Peter Nelson, Cody DeLong, Bonnie Hartenstien, Karon Leigh, Victoria Nelson, Bernie Molaskey, and Tom Bownold. Real...

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New Listing in the Village of Oak Creek

Wed, Aug 14th 2019 4:05 pm by Wally Reule Sedona Real Estate Market News

Here is our latest listing in the Village of Oak Creek. It's a gem and is priced to sell.


30 Pebble Drive
Sedona, AZ

MLS# 520658 - Residential

Home will be vacant after August 15 home tour. Call Wally Reule at 928-301-5943 to schedule a showing before that date. No rentals under 30 days allowed by HOA.

View Listing Details


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Another Glowing Testimonial for Jan

Wed, Aug 7th 2019 11:59 am by Wally Reule Miscellaneous

I've said it before, and it remains true. We take great pride in providing a very high level of service to our clients, and below is another testimonial that a client posted on Zillow.

My husband and I picked Jan to be our realtor when we decided to buy in Sedona after reading all of the 5-star reviews her clients had left for her. So many people could not have been wrong! Let's just say that if I could leave her more than 5-stars on all of the points listed above, I would. She is knowledgeable, smart and efficient and a great negotiator. Most importantly, however, she is very willing to go the extra mile even after the deal is done. Even now, more than a month after moving into our new ...

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Russ Lyon Sotheby's Agents Helping Kids Go Back to School

Fri, Aug 2nd 2019 1:20 pm by Wally Reule Events

One of the great things about working with the Russ Lyon team is the commitment to giving time and other support back to the community. The company coordinates these efforts through the Russ Lyon Charitable Foundation, and I am proud to be a part of that organization. Our most recent event was the Cottonwood Old Town Mission back to school program, which provided backpacks full of school supplies to hundreds of children in need. Not only did we purchase 400 pounds of supplies and raise several hundred dollars, we helped to set up the event and hand out the supplies. Last Saturday morning we gave out 750 supply filled back packs. Below is a picture of me along with several other agents at ...

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Sedona in Motion Update

Mon, Jul 22nd 2019 3:35 pm by Wally Reule Miscellaneous

The Sedona in Motion Plan is a comprehensive initiative that has been exploring ways to alleviate traffic congestion. One of the suggestions was to extend Forest Road in Uptown to connect with State Route 89A just west of the post office. This connection would reduce traffic through the roundabouts at the Y and Brewer Road, thus taking some pressure off this bottleneck. The city was was considering three possible routes, and recently approved one. Construction should start after July 2020. Here is a link to the city website for details.

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Short Term Rental Problems to be Discussed

Sat, Jul 20th 2019 5:16 pm by Wally Reule Events

On Wednesday, July 24, Arizona Representative Bob Thorpe will host a 3:00pm open meeting at Sedona City Hall to discuss the topic of short term rentals. Vacation rentals under 30 days were illegal in Sedona until the recent passage of SB1350, which denied the right of a local municipality to regulate the term of a rental. Of course, as always, there have been unintended or unforeseen consequences. If you feel like you have something to contribute to the conversation, or just want to know more about the subject, I encourage you to attend. He is a link to an article in the Red Rock News with more information. See you there!

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Most Recent Testimonial for Jan Bigelow

Thu, Jul 18th 2019 6:50 pm by Wally Reule Miscellaneous

We are proud of the level of service that we provide to our clients, but this testimonial that a recent client posted on Zillow is so good that it will make her blush when she sees that I have posted it.

"I am happy to contribute another 5 star recommendation.Her knowledge of homes in the Sedona area in immense. She, herself, had owned property in the very neighborhood I was searching . My last home purchase was over 35 years ago so I was not real familiar with the process. Jan helped me understand the interplay between buyer,inspectors, financiers, title company, the seller and their agent. Most often she answered her phone herself. It was never more than a few minutes for a call back o...

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Sedona Approves New Landscape Hotel

Sat, Jul 13th 2019 1:24 pm by Wally Reule Events

On July 2 the city council approved the construction of Sedona's first "landscape hotel". If you don't know what that means it's not surprising because there are only a few others in existence at this time. The idea is that the rooms will give the feeling of being immersed in, and actually part of the landscape. Below is a link with a rendering of what it is expected to look like, and a fuller description of the concept. What is not apparent from the rendering is that although the location is close to State Route 89A, it will not be visible from the road. I'm looking forward to seeing the finished product! Here is a link to the full article. 

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The Changing Landscape of Real Estate Sales

Thu, Jun 27th 2019 6:21 pm by Wally Reule Miscellaneous

Online real estate companies are starting to gain some traction in Arizona. I'm talking about companies like Redfin, Opendoor and Zillow that will offer to buy your home, handle all of the paperwork and charge a low commission. They are growing in larger markets like Phoenix, where we're told that they could get 20% of the market. But at the present time their presence in the Sedona area is negligible. There may be good reasons to use them, but be careful. Perhaps the best reason is to have a quick and relatively sale. But at the end of the day, what matters most to the majority of sellers is the amount of money they put into their pockets when the sale is complete. And that's a function ...

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2019 Mortgage and Housing Trends

Fri, Jun 21st 2019 12:30 pm by Wally Reule Sedona Real Estate Market News

After a slow start in 2019, the local market is back on track for a solid year. It seems that what is happening in the Verde Valley is consistent with the national real estate scene. In a nutshell, lower than anticipated interest rates have kept more first time buyers in the game. Prices are continuing to increase, but at a slower rate than in recent years. Low inventory has helped keep prices up, and well priced homes that come on the market are under contract pretty quickly. I just read an interesting article in Yahoo! Finance that goes into a little more detail. It's worth the read, so here is a link to the full article.

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Sedona Real Estate Market Statistics Updated

Mon, Jun 17th 2019 7:41 pm by Wally Reule Sedona Real Estate Market News

Real estate sales in Sedona started off pretty slow this year, and while they have not yet caught up with last year, they are getting stronger again. Through the end of May, the number of homes under %1,000,000 that have sold is 191, which is 12% fewer that the same time period last year. Also, the median sales price is down 3% to $555,000. Vacant land sales are down 25% compared to last year. The bright spot is luxury homes over $1,000,000. 25 have sold this year compared to 21 last year. For more detail please see our Market Statistics Page.

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Common Home Selling Mistakes

Thu, Jun 13th 2019 11:21 am by Wally Reule Miscellaneous

I just came across an very interesting article on It lists eight mistakes that can cost home sellers time and money, and it starts with hiring the right agent to help you avoid these mistakes. I couldn't have said it better myself. so here is a link to the article.

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New Townhomes Coming to Sedona

Thu, May 30th 2019 10:00 am by Wally Reule Sedona Real Estate Market News

A new 58 unit townhouse development has been approved unanimously  by the Sedona Planning & Zoning Commission. Located on State Route 89A, between Foothills South and the high school, it will help satisfy the demand for quality homes that are mid sized and good for lock and leave part time residents. In order to allay any concerns over transient residents, short term rentals will be prohibited. For the full article in the Red Rock News, click here.

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Verde Valley Rainbow

Wed, May 29th 2019 9:51 am by Wally Reule Events

We have had an unusually wet and cool Spring, and a couple of days ago nature brought a magnificent rainbow right to our front door. Of course, I took a picture, and here it is. But I was also reminded of a picture I took from the same spot on Christmas morning two years ago, so I have also included it.  It's fun to see how diverse our weather can be.


                                Christmas morning

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Verde Valley Area Wineries Gain Recognition

Sat, May 25th 2019 4:55 pm by Wally Reule Miscellaneous

The New York Times travel section recently published a fascinating article on local wineries. It focuses primarily on wineries in Page Springs, Cottonwood and Clarkdale. It's nice to see that they are getting the kind of notice that they deserve, and to recognize so many of the names. Here is a link to the article.

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Shakespeare in Sedona

Sun, May 19th 2019 11:34 pm by Wally Reule Events

One of the things that I love about Sedona is the wide variety of cultural events offered here. We enjoy events that you would never expect in a town of this size, and I believe it's because of all the interesting people who live here and are so involved in supporting the arts. The Sedona International Film Festival is just one example. Next Sunday, May 26, they will premier the Royal Shakespeare Company's production of "As You Like It". For more information, follow this Shakespeare Link.

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Interest Rates Remain Favorable

Fri, May 17th 2019 1:13 pm by Wally Reule Miscellaneous

If you've been putting off a real estate transaction because you feel like interest rates are too high, and going higher, you might want to reconsider. Yes, rates are off their historic lows from a couple of years ago, but they're still pretty darned good. In fact, the average rate now for a thirty year fixed mortgage has gone down each week for the past three weeks, and now stands at 4.07% compared to 4.61% a year ago. Rates are staying low now because of concerns over a trade war with China, and smart money is moving to safer investments. But when the China issue is resolved, it's likely that mortgage rates will resume their upward march.

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What to Expect From Your Listing Agent

Sat, May 11th 2019 11:49 pm by Wally Reule Sedona Real Estate Market News

The Sedona real estate market has slowed a bit from last year, which was very strong. And whenever the market is strong, it attracts many new agents. However, the real estate business is complex, and while we wish them well, we also know that it can take years of experience to develop the skills needed to be a top agent. I posted the following graphic a couple of years ago, because it shows what it takes to professionally represent a seller, but now is a good time to share it again. If you are thinking about selling your home, make sure that your agent has all of these skills. Jan and Wally have been successfully representing sellers in the Verde Valley for over ten years, and our testimo...

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What's My House Worth? It Depends on Who You Ask

Thu, May 9th 2019 4:44 pm by Wally Reule Miscellaneous

One of the challenges in setting a listing price is that owners are sometimes convinced that they know the value of their homes because Zillow told them so. And it may be right, or it may not. Real estate websites use a program called an Automated Valuation Model (AVM) to determine the value of your home. However, each uses different mathematical models and data bases to come up with the value of your home. As a result, there can be quite a range, depending on how you ask. To test it, I looked at the AVM for one of our former listings in Cornville. I checked five different sources, including Zillow, Trulia,, and RPR. The low estimate was $287,842 and the high estimat...

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First Quarter Sedona Real Estate Market Statistics

Tue, Apr 16th 2019 4:50 pm by Wally Reule Sedona Real Estate Market News

The numbers are in and they are down from a year ago. First quarter sales of single family homes under $1,000,000 dropped this year to 92, or 15%, compared to 108 in the same period last year. The median sales price increased 3%, to $559,500. Sales of vacant declined sharply to 33 from 48 last year. For more detailed information, go to our Market Statistics web page.

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