Posts by : Wally Reule

This one is in the Firecliff Subdivision and has already been getting a lot of interest.

140 Rojo Vista Court
Sedona, AZ

MLS# 533976 - Residential

The Villas at Firecliff.....don't miss this opportunity to make Sedona your home. Nestled within the red rocks and mesas of the Village of Oak Creek, the magical Villas at Firecliff offer resort style living with a community pool/spa, close to hiking, biking, dining and shopping. Situated on a quiet cul-de-sac, this enchanting home at 1750 sf with a primary suite and two guest bedrooms has an open concept design, perfect for entertaining and family sharing. Fabulous views of Horse Mesa and Courthouse with front and side covered patio...

This great home was snatched up right away.

99 Los Coyotes Tr
Sedona, AZ

MLS# 533982 - Residential

This impressive territorial style residence is a quality build nestled in an elevated, private, serene location. Homes built of insulated concrete block are rare; however, the advantages are obvious - cool in summer, solid in wind & always quiet. Sliding walls of glass reveal red rock views that cannot be blocked & every room showcases a view. Backing to NFS & beautifully landscaped this 3bdrm, 3 bath, has 2 offices, 3 car garage , fenced in rear yard, additional large fenced garden area, & built in BBQ. Surrounded by up scale, custom homes on oversized lots, Sun Up Ranch has easy...

This one has been upgraded and is ready for you to move in.

55 Cathedral Rock Drive UNIT #10
Sedona, AZ

MLS# 533810 - Residential

Sundance Townhomes, highly sought after, rarely available. Tastefully upgraded throughout and move in ready, this single level townhome is full of charm and and thoughtful details. At a spacious 1761 SF this 2 bedroom 2 bath is perfect for a second home getaway or primary residence. The great room is warm and inviting with it's open concept, tongue and groove cathedral ceiling and pellet stove. The open kitchen is modern elegance and allows you to share in family gatherings. The en-suite primary bedroom is generously sized with a walk-in closet, sitt...

If you are a Sedona Resident, or have been paying attention to the local real estate market, you have to know the effect that short term rentals have had in the market, and many would argue, in the quality of the Sedona experience. Well, it appears that the number of short term rental homes is declining. Just another example of the free market auto-correcting. The Sedona Red Rock News published an article which does a nice job of explaining the history and recent trends. To read the entire article, click here.

Market statistics for the first six months are in. As expected, the numbers are down when compared to the first six months of last year. But that is to be expected. The first six months of 2022 were very strong, with June being the biggest month. Then, everything slowed down, and it's been fairly steady since then. The number of single family residences that sold dropped from 263 to 194, or 26%. Median sales price slipped 11%, from $1,120,000 to $999,000 and price per square foot dropped by 10%. For more detail, including luxury homes and vacant land, visit or Market Statistics page.

The price on this lot with exceptional Sedona views was just dropped by 10%. Please call if you have any questions.

960 Laurel Spur
Sedona, AZ

MLS# 527534 - Land

If you are dreaming of building a luxury home with''... incomparable'' red rock views, let me introduce you to 960 Laurel Spur. Perched on a hilltop, in the very heart of Sedona, this .87 of an acre lot has 270 degree views, at a minimum. If rated, the red rock views would begin with stunning and end at majestic. Utilities (underground) are available to the lot. Building area is large and sloped. A construction (safety) fence was built around the building area. Call Listing Agent to walk the lot !! It's time to make Se...

This property has operated as a successful short term rental, and interest is high.

215 E Ridge Rd
Sedona, AZ

MLS# 533110 - Residential

Designed to capture Sedona's rarest red rock views, this elegant charmer could be a buyer's dream home, or a successful turnkey vacation rental (No HOA). Sliding glass doors in each room; open to 6 wrap-around patios Backyard is a nature lover's paradise. Quality remodels performed & upgrades throughout. Attached mother-in-law apt is 3rd bedroom and can be locked off. A must see!!It's time to Make Sedona Your Home...

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If you want to know what the Sedona City government is up to, their monthly newsletter is a great source of information. It's easy to subscribe to and is easy to read. The highlight of the April issue was the approval of a contract to build an underpass for pedestrian traffic to cross State Route 179 at Tlaquepaque. We hope it will improve traffic flow in the area. To see the full newsletter, click on this link.

We get a lot of inquiries from investors who would like to purchase a home for vacation rental. But it's not as simple as you may think. First, prices aren't what they used to be. Three years ago you could get one for under $500,000, but that train left the station a long time ago. The median listing price in Sedona this week is $1,162,499. Smart investors know that if they want to be in Sedona, they will probably have to spend at least $800,000, and must be prepared to compete against multiple offers. Insisting on a Sedona mailing address limits your choices, and there are other good investment opportunities in some of the outlying areas. Additionally, make sure you know about any possib...

It's nice to see that there is finally some movement on this project. The City of Sedona purchased the land nearly ten years ago, came up with a design relatively quickly, and then let it sit for a very long time. Perhaps they can use some of the money they were spending to bring more visitors to the area on something the locals will actually enjoy. For more information on this, follow this link to the Red Rock News article.

For the past twenty years the City of Sedona has contracted with the local Chamber of Commerce to manage the resort destination marketing program. That relationship is about to come to an end, as the Chamber of Commerce board voted not to renew the contract. That will put responsibility for marketing the local tourism business back where it belongs....with the business community. For more detail, click here to read the article in the Red Rock News.

What a great location for a summer retreat!

4426 N State Rte 89a UNIT #9
Sedona, AZ

MLS# 531098 - Residential

Breathtaking views surround this light-filled home that sits high among sycamore trees on Oak Creek. 55+ gated community borders NATIONAL FOREST & offers unparalleled peace and tranquility. Property has new roof & vaulted ceilings. It has been pre-inspected, needs some updating, and is being sold AS IS. Inspection report is available to buyers for review. Monthly Creekside Park fees include water, community septic, trash, cable TV, property taxes, & liability insurance. Water comes from a natural spring well that is treated with ultraviolet light, monitored monthly, & s...

The median list price of a home in Sedona is $1,159,000, which is about the same place as it was at the beginning of 2022. List prices peaked at a little over a million and a half in the late spring of 2022. However, they have been slightly creeping back up for the past couple of months, and are still well above the median price of $750,000 only three years ago.

This event will be held on April 19th from 4:30 to 7 p.m. at the West Sedona School north of Posse Grounds Park. It will be open to the public, so I highly recommend it if you are concerned about the future of housing in Sedona. According to the notice sent by the city, "This Plan Sedona event will be an informative and engaging evening where residents will be able to participate in interactive stations that explore the city’s growth and building limitations, density, zoning and housing. The workshop will feature the city’s housing and community development staff to shed light on current programs, potential housing projects and the challenges to alleviating the housing shortage."

"New normal" is a phrase that we have heard often since the beginning of the pandemic. But, it appears that is where our real estate market is now. After a very hot market for over two years, buyers took a pause for the second half of 2022. Now some of them are coming back. The market slightly favors sellers, in that there is a bit more demand than supply, and overall, the market appears to be stable. New normal refers to the notion that a new floor has been set for home prices, driven in large part by investors who paid cash for their homes. Time will tell.

After red hot sales in 2020 and 2021, last year looked much more normal compared to historical standards. In terms of the number of homes sold, that is. However, the median sales price of a single family home increased by 20% over the previous year, going from $875,000 to $1,150,000. The same was true of vacant The number of lots sold decreased by 45%, while the median sales price grew from $250,000 to $300,000, a 20% increase. The high cost of building and shortage of building supplies didn't help. For more detail see our Market Statistics Page.

A friend recently sent me an article on an artificial intelligence app that can save agents time, especially with new listings. Here is a link to the article: https://www.cnn.com/2023/01/28/tech/chatgpt-real-estate/index.html

She asked me my opinion, so here it is. It looks like it could be a helpful tool, and since it's free for now, it would be interesting to play with it. But it looks like another step in the dumbing down of the world, and our industry. People will probably start to rely on it when it's not appropriate, and become incapable of doing the job themselves. I can envision someone saying, "Let's have my AI device talk to your AI device and see what they want to do." Scary s...

Here is your opportunity to build your dream home close to hiking but away from the traffic

45 Pyramid View Drive
Sedona, AZ

MLS# 532054 - Land

This is it...time to Make Sedona Your Home. Take the first step in creating your best Sedona life with this .35 acre custom lot with red rock views and prime location with access to Oak Creek, Red Rock Crossing and Crescent Moon Ranch Park. Hiking, biking and the National Forest are all here and within walking distance. The lot is full of mature trees and lush with vegetation. Best priced value in the Red Rock Loop area. No HOA.

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Here is one that is a real charmer. It won't be available for long.

562 S Sawmill Cove UNIT C
Cottonwood, AZ

MLS# 531755 - Residential

Charm - check! Convenience - check! Affordability - check! Rarely available, highly sought-after. Lots of upgrades--newer flooring, beautiful appliances. Warm and inviting with lots of natural light, this delightful one bedroom, one bath townhome is cozy and just the right size for a single person or a couple looking to downsize. Close to restaurants, medical, and shopping. Walking distance to Safeway and public transportation. Close to the river and trails that lead to Dead Horse Ranch State Park....hike, bike, fish!! Patio with room for seatin...