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Sedona Real Estate Market News

Posts filed under Sedona Real Estate Market News



Construction of New Homes in Sedona on the Rise
Posted Wed, Aug 20th 2014 8:28 pm
There was an article in yesterday's L. A. Times that supports what we're seeing here in Sedona. That is, new home construction is up. Last year the real estate market in Sedona was very strong. In ...

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Percentage of Homes Purchased by Investors Decreasing
Posted Sun, Aug 17th 2014 9:58 pm
After the real estate market bottomed out, the first large group of buyers to return were investors. They helped to make 2013 a very good year. But as the bargains were snapped up, prices increased...

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When is the Best Time to Buy Real Estate in Sedona?
Posted Thu, Aug 14th 2014 7:11 pm
When is the best time to buy your new home in Sedona? Drumroll please. The answer is now, and here are four reasons why. Inventory of existing homes for sale is low, and demand has been increasi...

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Sedona Real Estate Market Statistics
Posted Mon, Aug 11th 2014 11:58 pm
After a slow first quarter, sales have rebounded somewhat, but the number of total homes sold is still 8% less than last year.. The median sales price is up about 8%, and the average price per squa...

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Testimonial from a Happy Client
Posted Sat, Aug 9th 2014 11:15 am
I just wanted you to know that while this note is long overdue, it is only because I have been busy with getting settled that this delay was caused.  First, I would like to send you a great big ...

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Price Drop on Magnificent Creekside Villa
Posted Tue, Jul 29th 2014 4:11 pm
We recently dropped the price on this home by $150,000. It's an amazing property for the discerning buyer who appreciates beauty and would like to live on Oak Creek. 70 East Wing Drive Sedon...

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Home Prices in Sedona, AZ
Posted Tue, Jul 29th 2014 4:06 pm
If you're curious about how home prices compare to prices in the state of Arizona s a whole, realtor.com  has compiled some very interesting information including median prices, price per square fo...

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Where Are Sedona's Domestic Visitors Coming From?
Posted Tue, Jul 22nd 2014 4:05 pm
A few days ago I shared a report from our local Chamber of Commerce on where our international visitors were coming from. Again, these were people who stopped into the welcome center operated by th...

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Phantom Appreciation in Arizona Real Estate
Posted Mon, Jul 14th 2014 11:22 pm
Click on the link below to see the summer edition of the Russ Lyon Sotheby's newsletter. It's full of interesting information, especially the article on what they call phantom appreciation. Essenti...

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Foreign Investors Buying Up America?
Posted Thu, Jul 10th 2014 8:34 pm
International buyers are helping to keep the housing recovery going. According to an article in CNNMoney two days ago, the two largest groups of foreign buyers are Canadians and Chinese. The Canadi...

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Pent-up Demand for Homes Ready to Pop?
Posted Thu, Jul 3rd 2014 7:59 pm
Since the recession, household formation dropped to one percent of the national population. Compare that to the 2.3% annual growth of the 1970's, when 78 million Baby Boomers reached adulthood. But...

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Aerial Tour of 3282 Calle Del Montana in Sedona, Arizona
Posted Tue, Jul 1st 2014 2:40 pm
3282 Calle Del Montana is an amazing vacant lot in the highly desirable Foothills South gated community in Sedona. It is .62 acres, an easy build, and features sweeping panoramic views of the most ...

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Pricing Your Home - The Trading Range
Posted Mon, Jun 30th 2014 2:20 pm
When it comes to setting a price for your home, one of the important considerations is the "trading range" for similar homes. The range is actually surprisingly narrow, typically 2 - 5% of list pri...

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Existing Homes Sales in May Exceed Forecasts
Posted Mon, Jun 23rd 2014 11:44 am
Sales of previously owned homes increased by 4.9% nationally in May, which not only exceeded expectations, but was the largest increase in nearly three years. A combination of higher inventory, slo...

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How Much of a Down Payment Do You Need?
Posted Wed, Jun 18th 2014 6:59 pm
I just read an article in REALTOR®Mag, the official magazine of the Association of Realtors®. According to that article, consumers think they need to put down 11 - 15% in order to qualify for a mor...

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Buy Your Retirement Home Now and Rent it Out until You're Ready to Move in.
Posted Tue, Jun 17th 2014 4:56 pm
I recently read an article in CNN Money about the growing number of people who are buying a new home, and then instead of selling their old home, they are turning it into a rental property. Histori...

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Better to Buy or Rent?
Posted Wed, Jun 11th 2014 11:55 am
I've addressed this before, but the New York Times has developed a calculator to plug in your own numbers and see if Buying or Renting is better for you. Just click on the link below. Buy-Rent Cal...

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Rimrock Lot Available for Unbelievably Low Price
Posted Sun, Jun 8th 2014 5:36 pm
6302 N Avatar Rimrock, AZ MLS# 501837 - Land It's all about the view and the privacy!! Unblock-able, panoramic views of Jerome & the Mingus Mountains. This lot is perfect for the client who...

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Luxury Home Sales in Sedona Rebounding
Posted Wed, May 28th 2014 7:02 pm
After a slow first quarter, sales of luxury homes in Sedona have almost caught up with last year's numbers. At the end of March, only three homes over $1,000,000 had sold in Sedona, but as of the e...

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Interest Rates Drop Again
Posted Sun, May 25th 2014 3:49 pm
Average interest rates on a thirty year fixed mortgage have dropped to 4.14%, their lowest level since last October. If you are considering the purchase of real estate in Sedona, now is a great tim...

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