Sedona Real Estate Market Conditions for Thursday, April 14 2011 ?????????  At first glance, it looked like a Buyer Bonanza with an unusually large number of new listings entered the Sedona Verde Valley MLS market area yesterday, with 34 of the 45 new listings Residential, 2 Commercial (anyone looking for a building supply company?) and 9 vacant lots. Usually when there's that much new inventory on one day, it represents a bulk offering such as a subdivision of building lots. Yesterday-it looked like it was all over the board. ??? Or...did April Fool's day come late to Sedona??? A closer look revealed the report was pulling in properties that had been on the market for up to 1,170 days! So-apologies, this report is unavailable today. The errors have been reported to our MLS provider. A... 04/15/2011

 Sedona Market Conditions for Wednesday, April 13, 2011 Sedona Homes for Sale: new offerings range from $179,000 for a well-kept manufactured home in West Sedona on up to $1,149,900 for a dramatic contemporary style home on Oak Creek. $685,000 will buy you a delightful Southwest style home in one of Sedona's most prestigious custom home neighborhoods, on a huge .83 acre lot. Verde Valley Homes for Sale start with a Verde Village foreclosure home on a large lot for $69,900 up to $209,900 for a Cornville AZ forclosure home on .99 acre of horse property near Oak Creek in Cornville's wine country. New Listings 17   Back on Market 11   Price Increases 2   Price Reductions 11     Active 27   Active-Cont. Remove 2   Pending-Take Backup 3   Pending 2   Sold 2   Cancelled 3   Expired 3   Temp Of... 04/14/2011

 Sedona Real Estate Market Conditions for Tuesday 4-12-11 About 2/3 of Tuesdays new listings for Sedona and the Verde Valley were residential and about 2/3 of those were Sedona Homes for Sale starting at a measly $150,000 for a cute little vacation cottage/rental in Oak Creek Canyon, to a Sedona Foreclosure Home on over 3/4 acre for $291,900, a delightfully remodeled home in Sedona's desirable Chapel area for $329,000, on up to $879,000 for a gorgeous contemporary Santa Fe style home with elegant appointments and wonderful outdoor living areas on .84 acre in the Village of Oak Creek. There were other worthy new listings as well. Verde Valley Homes for Sale started at just $29,000 (older singlewide, cash only-but could make a good Cottonwod rental), on up to $205,000 for a nearly-new hom... 04/13/2011

 Sedona Real Estate Market Conditions for Monday 4-11-11 follow the usual pattern, with about half of the residential entries being Sedona Homes for Sale and the other half spread among Verde Valley homes for sale across the various communities. Percentages are similar for Sedona Vacant Land and Verde Valley Vacant Land. New Listings 13   Back on Market 12   Price Increases 0     Price Reductions 23   Contingents 5   Pendings 1   Solds 6   Expireds 4   Inactives 2     Presented By: Beth Larsen / RE/MAX Sedona Phone: 928-284-2501Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sales reported to the association, but is not guaranteed, and is subject to change. Does not contain ... 04/12/2011

 Sedona Real Estate Market Conditions for Sunday, 4-10-2011 24-Hour Market Watch New Listings 5   Back on Market 3   Price Increases 0     Price Reductions 1   Contingents 4   Pendings 1   Solds 1   Expireds 8   Inactives 0   Presented By: Beth Larsen / RE/MAX Sedona Phone: 928-284-2501Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sales reported to the association, but is not guaranteed, and is subject to change. Does not contain non-MLS sales data. Market area includes Sedona, Oak Creek Canyon, Uptown Sedona, West Sedona, Red Rock Loop, Chapel, Little Horse Park, Village of Oak Creek, Big Park, Cottonwood, Cornville, Verde Santa Fe, Clarkdale, Camp Verde, Lake Montezuma, ... 04/11/2011

 Sedona Real Estate Market Conditions for Saturday, 4/9/2011  A big spring snowstorm blew through Sedona and Northern Arizona, so not a lot of real estate activity I guess! I myself was safely stuck down in Scottsdale, where it was drizzly and cool. Came back Sunday evening, and missed the whole thing! Snow never lasts too long in Sedona and the Verde Valley. I'm sure it's a whole different story in Flagstaff. I heard they were expecting up to 12 inches! New Listings 5   Back on Market 0     Price Increases 0     Price Reductions 5   Contingents 4   Pendings 1   Solds 1   Expireds 10   Inactives 0       Presented By: Beth Larsen / RE/MAX Sedona Phone: 928-284-2501Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listin... 04/10/2011

 Sedona Real Estate Market Conditions for Friday, April 8, 2011 I completely missed posting for Thursday, April 7th and am still catching up on the rest of it...spent Thursday-Sunday in the Phoenix/Valley of the Sun area at various technology, educational and real estate educational and networking events, including most notably Technopalooza at the Mesa Convention Center on Thursday, which brought together some world-class national and local Arizona trainers, vendors, and a great group of real estate agents who take time out of their busy schedules to become knowledgeable about the latest developments in real estate technology and best practices, in order to better serve their clientele. The other big event was Phoenix Real Estate BarCamp (also known as an 'un-conference'), an interesti... 04/10/2011

 Sedona Market Conditions for Wednesday, April 6, 2011 Today's pick is a beautiful custom Verde Santa Fe Home for sale in the golf community at Turnberry Estates in Cornville AZ just 20 minutes to West Sedona: backs to Coconino National Forest land and at the impressive foreclosure price of $294,900. Visit www.VerdeSantaFe.info to learn more about the community. Call Beth at 928-284-2501 to schedule your private showing. New Listings 9   Back on Market 8   Price Increases 3   Price Reductions 13   Contingents 7   Pendings 2   Solds 3   Expireds 9   Inactives 1     Presented By: Beth Larsen / RE/MAX Sedona Phone: 928-284-2501Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sal... 04/07/2011

 Sedona Real Estate Market Conditions for Tuesday 4-5-11 Here are most recent real estate statistics for Sedona and the Verde Valley. New Listings 14   Back on Market 13   Price Increases 1   Price Reductions 14   Contingents 4   Pendings 5   Solds 2   Expireds 11   Inactives 1     Presented By: Beth Larsen / RE/MAX Sedona Phone: 928-284-2501Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sales reported to the association, but is not guaranteed, and is subject to change. Does not contain non-MLS sales data. Market area includes Sedona, Oak Creek Canyon, Uptown Sedona, West Sedona, Red Rock Loop, Chapel, Little Horse Park, Village of Oak Creek, Big Park, Cottonwood, Cornville... 04/06/2011

 Sedona Real Estate Market Conditions for Monday 4-4-11 New listings for Monday included 10 residential listings. The 3 Sedona Homes for Sale start at $525,000 with an unusual West Sedona Short Sale home on a huge elevated 1.76 acre parcel of horse property right in town, a sprawling older home, stable and a pool & outdoor entertaining area with stupendous views. Another West Sedona Home with pool is offered on half an acre in gated Foothills South for $795,000. This is an updated classic Don Woods design. $299,500 will buy you a sweet Village of Oak Creek home for sale on 1/4 acre. Verde Valley Homes for Sale added bargain priced new listings from a $57,500 Rimrock AZ foreclosure home for sale to  $239,900 for a Clarkdale AZ foreclosure home for sale. The large number of back on market... 04/05/2011

 Sedona Real Estate Market Conditions for Sunday April 3, 2011 Not much activity of great significance to report for Sunday. Most of the "new" listings were ones that had recently been allowed to expire, and then re-listed as "new". When researching property ask your Sedona Verde Valley Realtor to give you a full history of the property, including the cumulative or combined days on market. There is a new Verde Valley Vacant Land listing in the Thunder Ridge custom home development in Rimrock AZ, 3.7 acres bordering National Forest Service land for a mere $70,000. There is a 2-acre minimum in this subdivision, allowing for excellent privacy. This is a foreclosure property. Sedona Vacant Land had a price reduction to just $79,000 on a nice .29 acre lot with Red Rock views in the Mission H... 04/04/2011

 Sedona Real Estate Market Conditions for Saturday 4-2-11 About half of the new listings for Saturday were residential, the other half vacant land. The most interesting residential entry is a Sedona Short Sale Home for sale in Uptown Sedona. The home is a modest 1958 structure (with 'Old Sedona' charm) BUT it's on a .72 acre lot with really lovely Red Rock views, and priced at $249,000. Keep it as a guest house or use it as a rental, then build your Sedona Dream Home! For lots, the standout was Sedona Vacant Land in an exclusive gated community in one of the most prestigious custom-home areas in Sedona. Impressive views of important Red Rock monuments on .41 acre for $275,000. New Listings 9   Back on Market 5   Price Increases 1   Price Reductions 6   Contingents 1   Pendings 3   Solds... 04/03/2011

 Sedona Real Estate Market Conditions for Friday 4-1-11 The story told by Friday's Sedona Real Estate Statistics is this: 21 Price Reductions=Sellers moving in the right direction to get their Sedona Homes for sale...SOLD! However 65 Expireds??? At first I thought the numbers could reflect perhaps an entire vacant lot subdivision. But no, in this case they were a variety of different Sedona and Verde Valley property types, areas and different listing agents. SO, in this case: 65 Expireds=Sellers who still haven't come to terms with what it takes to sell in today's real estate market. These Sellers will need to revise their thinking if they truly want to end up in the "Sold" column. For honest advice on realistic pricing that will get your Sedona property or Verde Valley Property sold in... 04/03/2011

 Sedona Real Estate Market Conditions for Thursday 3-31-11 Well, it's just GREAT to be able to say that for Thursday Sedona Real Estate CLOSED SALES outnumbered New Listings; they outnumbered Back on Market Listings; they outnumbered Price Reductions (!!!), in fact they outnumbered everything!. Even better-two of them were my sales (yeah!) one a 'short' sale that took 4 long months, and a Sedona foreclosure townhome that was delayed in closing because (oops) a deed was never recorded when it foreclosed. With patience and cooperation, successful closings CAN and DO happen, even in the challenging distressed property market.* WHAT'S NEW? Some really juicy stuff: Spotlight on some prime choices such as a delightfully remodeled Sedona Home for Sale for $488,500 in Uptown Sedona with exquisi... 03/31/2011

 Sedona Real Estate Market Conditions for Wednesday 3-30-11 Sedona homes for sale made up half of the new residential listings, starting from a surprising low of $76,500 (and yes it's an older mobile home, bank-owned but will probably have to be a cash sale-but it comes with a .24 acre lot in West Sedona)! It will make a great starter home or rental. The high end is a gorgeous Village of Oak Creek home for sale in the Big Park neighborhood of Sunup Ranch for $799,900. It is a custom Santa Fe design on .87 acre with a resort-like walled garden, elegant finishes and expansive Red Rock views. Verde Valley homes for sale ranged from a very low $43,860 for a newer manufactured Cornville home for sale (foreclosure) on up to $244,900 for a Clarkdale AZ foreclosure home on a huge .80 acre lot a... 03/31/2011

 Sedona Real Estate Market Conditions for Tuesday 3-29-11 Lots of new listing activity. Just for grins, I thought I'd see how many are REOs (bank-owned, aka foreclosures); of the 15 properties, 12 are residential, almost half (5) are Sedona Homes for Sale ranging in price from $168,000 to $869,000. 4 are conventional sales, 1 is an REO. The other 7 listings are Verde Valley Homes for Sale, ranging in price from $54,900 to $264,900. Of those only ONE is a regular sale, the other SIX are REO's. In fact, they are all Fannie Mae HomePath properties. Looks like the "Shadow Inventory" is coming into the light.  The Verde Valley Foreclosures ranged in area from Cornville AZ to Cottonwood AZ, Rimrock AZ to Camp Verde AZ. The Sedona Foreclosure Home is a Nepenthe Townhome in West Sedona for $231... 03/30/2011

 Sedona Real Estate Market Conditions for Monday, 3-28-11 New listings for Monday included a couple of standouts, most notably a Verde Santa Fe home for sale on the golf course in a gated community for $229,000. It's currently the best-priced 2 bedroom golf home on the market at Verde Santa Fe. For more information about this neighborhood, visit www.VerdeSantaFe.info . There's also a Santa-Fe style home in West Sedona with a guest or in-law quarters for $298,000. There were price reductions across a wide variety of price points and types of Verde Valley and Sedona homes for sale, so if you've been tracking a special property, you may want to check. If you'd like to receive automatic status updates on a property or any area in Sedona or the Verde Valley please call 928-284-2501 or use th... 03/29/2011

I just read a piece that NAR Research put out dated today 3-28-11 entitled February Pending Home Sales Rise which says that pending sales rose everywhere in the US except the Northeast, most likely due to the harsh winter they've experienced. What was much more interesting to me however was the attached video interview with Yun. He sees mortgage rates remaining low, and appreciation over the next 2 years is projected to be +/- 1%. What struck me: Over the next 10 years Yun says national real estate appreciation rates should average 10%. And-latest figures show CASH sales accounted for 33% of all purchases, a 30-year high & possibly all-time record (normal average is about 10%). He makes the point that these sales will serve to stabilize the market, as their default rate is nil. Based on... 03/28/2011

 Sedona Real Estate Market Conditions for 3-27-11 A sleepy spring Sunday in Sedona real estate and Verde Valley real estate as well. Not much to report. Check in tomorrow! New Listings 4   Back on Market 2   Price Increases 0     Price Reductions 2   Contingents 1   Pendings 0     Solds 2   Expireds 0     Inactives 0       Presented By: Beth Larsen / RE/MAX Sedona Phone: 928-284-2501Information is sourced from and based upon data from the Sedona Verde Valley Association of Realtors® (SVVAR) Multiple Listing Service. It is deemed reliable for sales reported to the association, but is not guaranteed, and is subject to change. Does not contain non-MLS sales data. Market area includes Sedona, Oak Creek Canyon, Uptown Sedona, West Sedona, Red Rock Loop, Chapel, Little Horse Park, Village of ... 03/27/2011

 Sedona Real Estate Market Conditions for Saturday 3-26-11 Low Sedona MLS posting activity on the weekend does not usually mean nothing's moving...it means Sedona Realtors are out in the field with Buyers and Sellers ...it will show up a few days later! The 2 new listings include a Sedona Home for Sale with a pool in the Chapel area (also known as Little Horse Park), and the adjacent view lot being offered separately, which could give the buyer up to almost 1/2 acre of red rock view land. New Listings 0     Back on Market 2   Price Increases 2   Price Reductions 5   Contingents 2   Pendings 2   Solds 4   Expireds 2   Inactives 1     Presented By: Beth Larsen / RE/MAX Sedona Phone: 928-284-2501 Information is sourced from and based upon data from the Sedona Verde Valley Association of Re... 03/27/2011