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Posts by : Wally Reule

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Sedona Real Estate Market Back to Normal?

Mon, Feb 27th 2023 10:37 am by Wally Reule Sedona Real Estate Market News

"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.

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2022 Year Ending Numbers in Sedona

Tue, Jan 31st 2023 7:37 pm by Wally Reule Sedona Real Estate Market News

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.

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Artificial Intelligence in Real Estate?

Mon, Jan 30th 2023 2:47 pm by Wally Reule Miscellaneous

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:

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...

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Vacant Lot Close to Red Rock Crossing

Thu, Jan 12th 2023 12:37 pm by Wally Reule Events

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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New Listing in Cottonwood

Tue, Dec 6th 2022 5:13 pm by Wally Reule Sedona Real Estate Market News

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...

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City of Sedona Monthly Newsletter

Fri, Sep 30th 2022 2:02 pm by Wally Reule Miscellaneous

In case you don't know this, Sedona sends out a monthly newsletter that is chock full of good information on city happenings. To see the September issue, and to sign up to receive it yourself if you are so inclined, click here.

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Sedona Vacant Lot with Incredible Views

Wed, Sep 28th 2022 1:52 pm by Wally Reule Sedona Real Estate Market News

No one will ever block these views!


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 Sedona YOUR home !!

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Sedona Home with Amazing Views

Mon, Sep 26th 2022 11:52 am by Wally Reule Sedona Real Estate Market News

This new listing is already getting a lot of attention and won't be available for long.


240 S Highland Drive
Sedona, AZ

MLS# 531325 - Residential

The pristine magic of nature, connects with inspiring architecture & vision, to create this breathtaking property, named ''The lady of Seven Warriors''. This Mediterranean inspired 3 bedroom, 3 bath, 2.782 sq ft home on 2.34 acres, sits at the highest elevation of Highland Estates (a gated community). The surrounding national forest, local wildlife, and the red rocks are the backdrop you view through walls of glass. Patios off the bedrooms and massive great room add additional outside living. 3 levels define the property; i.e driveway...

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Sales of Sedona Single Family Homes Plummet in August

Thu, Sep 15th 2022 8:47 pm by Wally Reule Sedona Real Estate Market News

Our real estate market is taking a breather, but it took a really deep breath in August. The number of closed sales last month was only 17, compared to 53 in August 2021.

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New Sedona Listing in Uptown

Fri, Sep 9th 2022 5:59 pm by Wally Reule Sedona Real Estate Market News

This home is in an established neighborhood close to everything. Stop by the Open House on The weekend of September 10-11.


96 Alexandria Rd
Sedona, AZ

MLS# 531203 - Residential

Beautifully renovated with views of Sedona's red rocks from 2 spacious patios, this single-level home will not disappoint. 3 bedrooms, 3 bathrooms, quartz counter tops, energy efficient windows, plantation shutters, dual sliding glass doors, 2 car garage with storage room, and plenty of space for family and friends to gather. Double-sided fireplace perfectly situated in the center of the home creates a lovely focal point and warmth to the kitchen, dining, and living rooms. Open floor plan allows for mult...

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New Listings in Oak Creek Canyon

Wed, Sep 7th 2022 3:32 pm by Wally Reule Sedona Real Estate Market News

These two homes have been in the same family. They are right beside each other and can be purchased separately or together.


4426 N State Route 89a UNIT #8
Sedona, AZ

MLS# 531097 - Residential

Breathtaking views surround this hidden gem that sits high among sycamore trees on Oak Creek. 55+ gated community borders NATIONAL FOREST and offers unparalleled peace and tranquility. Property has new roof and vaulted ceilings. It has been pre-inspected, needs 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, and liability insurance. Water comes from a natura...

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Is the Housing Market Headed toward a Correction?

Mon, Aug 1st 2022 11:37 am by Wally Reule Sedona Real Estate Market News

Of course it is! There will always be corrections. But how likely is a crash like we had 15 years ago? Not very. Conditions are different, and sub prime mortgages have not been driving the appreciation. It's been high demand and low inventory. Interest rates are on the rise, and that will slow home sales, but most homes in Sedona recently have been purchased with cash. Check out the opinion of Moody's chief economist in this article in Yahoo!finance.

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Latest Sedona Market Statistics

Mon, Jul 18th 2022 11:43 am by Wally Reule Sedona Real Estate Market News

The market has been cooling off, and inventory is on the rise. A couple of things that jump out as I look at these numbers are the steep increase in the number of price reductions, and the fact that the median price of new listings $255,100 less than the median price of all listings. We're still in a seller's market, but moving toward a more balanced situation. To see more detail, click here.

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Sedona Housing Inventory on the Rise

Sun, Jul 3rd 2022 3:46 pm by Wally Reule Sedona Real Estate Market News

At long last, the number of homes for sale in Sedona has gone up. That's good news for buyers, but not so much for sellers. At the moment that I write this, there are 121 active listings in the MLS. Before the pandemic, we would average over 200 active listings, but for much of the past two years, it's hovered around 30, or even less. So the result has been what every arm chair economist would predict. Higher prices!

Breaking the numbers down, 45 are in the Village of Oak Creek and 76 in Sedona. In VOC the median list price is $899,000 and the average price per square foot is $406.92. In Sedona, median sales price is $1,195,000 and $604.39 per square foot.

Well, the market seems to be i...

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Another new Listing in Sedona

Fri, Jun 17th 2022 4:12 pm by Wally Reule Sedona Real Estate Market News

Here is another good one that we just brought to market.


95 Essex Ave
Sedona, AZ

MLS# 530285 - Residential

Welcome to a world of possibilities, beautifully situated in a quiet, established neighborhood with lush landscaping--this home has so much to offer! 2791 SF of living space, divided into upper and lower levels with separate entrances. Upstairs, two large bedrooms and baths and an open great room that includes living room, kitchen, breakfast nook, and formal dining allow for spacious and comfortable living. The large deck that runs along the back of the house adds even more entertainment space.The 1282 SF in the lower level is ready to be turned into anything your imaginat...

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Looking for a Fix and Flip in Sedona?

Sat, May 21st 2022 3:39 pm by Wally Reule Sedona Real Estate Market News

Yes, this new listing could be a fix and flip, a vacation rental, or your forever home. The possibilities are endless.


115 San Patricio
Sedona, AZ

MLS# 530138 - Residential

** INVESTORS ** FLIPPERS ** VISIONARIES **This is it--the property you've been waiting for. It could be that you are seeking a ''flip'' project or a short-term rental. It could be that you've always wanted your perfect family home in Sedona but never found a house big enough in your price range. Good news--your search ends here! This 2 story, 5 bedroom, 3 bathroom, 3204sf home has been lived in and loved by the same owners for 35 years. Well-worn and in need of a refresh? Yes. Great bones, lots of space, ide...

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Sedona Short Term Rental Regulations Update

Tue, May 17th 2022 5:58 pm by Wally Reule Sedona Real Estate Market News

As you probably already know, the proliferation of short term rental properties has had a profound effect on Sedona and surrounding areas. Whether you like them or not, the subject has become quite controversial. Sedona used to regulate short term rentals, but is no longer allowed to do that because of a change in Arizona law. But that doesn't mean the city has given up. A recent article in the Red Rock News provided an update on those efforts. Here is a link to that article.

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Do You Have Anything Available in the Village of Oak Creek?

Mon, May 16th 2022 4:32 pm by Wally Reule Sedona Real Estate Market News

I'm glad you asked. Here is a beauty that Denise just listed!


5 Starview Court
Sedona, AZ

MLS# 530066 - Residential

NO SHOWINGS UNTIL 05/20/22The Villas at Firecliff....highly sought-after, rarely available...don't miss this opportunity to make Sedona your home. Nestled within the red rocks and mesas of the Village of Oak Creek, the peaceful Villas at Firecliff offer resort style living with a community pool, close to hiking, biking, dining and shopping. Modern 3 Bedroom, 2 Bath split floor plan at 2203 sf, on one level with a primary suite and 2 guest bedrooms. This lovely home has an open concept design, perfect for entertaining and family sharing. Views of Horse Mesa and Cou...

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Beautiful Sedona Home on the Golf Course

Thu, May 12th 2022 6:18 pm by Wally Reule Sedona Real Estate Market News

Located on the golf course at the Oak Creek Country Club, this home has been impeccably  maintained and is ready for you to bring your clubs.


245 Fairway Oaks
Sedona, AZ

MLS# 530048 - Residential

Major upgrades, golf course & red rock views, quality finishes, & a private salt water pool top the list of why you'll want to own this home. Prime location with huge views of the front nine of the Oak Creek County Club. This modern, great room floor plan features what buyers' want; i.e. granite countertops, stainless steel appliances, & a gas fireplace. 3rd bedroom has murphy bed, separate entry & adjoining patio/enclosed courtyard. Views of Gunsight Mtn from the 3rd bedroom/studio ar...

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New Listing in Rimrock

Sat, Apr 30th 2022 3:06 pm by Wally Reule Miscellaneous

If you think the beaten path has become a little too beaten, check this one out. 


4176 N Pine Drive
Rimrock, AZ

MLS# 529908 - Residential

OPEN HOUSE THIS WEEKEND 11-3PM 4/30 & 5/1So this is a rare opportunity.....this adorable, charming home with a separate studio/workshop on a unique setting of .71 acres of mature trees and vegetation with panoramic view corridors, lot's of blue sky, privacy and stunning vistas to watch sunsets or stargaze. The home has 3 bedrooms and 2 baths. The primary suite and one of the guest rooms have access to the covered rear deck, both rooms with panoramic views. There is a detached studio/workshop of 640 SF, heated and cooled with individual units ...

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