Senator John McCain's Home in Sedona, AZ - 03/20/08 02:45 PM
Well, he doesn't really own a home in Sedona, but he loves the area and has a home just outside the city limits in Cornville, AZ.  When he dropped out of the presidential race 4 years ago (or was it 8) he hosted a huge press conference atop Airport Mesa right in West Sedona.  He's a big fan of the area and always mentions his "home in Sedona".  Which brings the following thought to mind... if he's elected president will it affect the Sedona real estate market??  There have already been prelim meetings with Police, Fire, and the Sedona Airport to … (2 comments)

Telluride Style home in Sedona on the Creek - 03/19/08 11:39 AM

Telluride Style in Sedona...  Colorado inspired architecture and design showcased in this custom creekside residence in sunny Sedona Arizona.  This builder's masterpiece is within the gated enclave of Cross Creek Ranch, which is bordered by National Forest, Red Rock State Park, and Oak Creek.  Single level home with all 4 bedrooms opening out onto covered patio with views and sounds of the rushing Oak Creek flowing nearby.   The home sits high above, but faces directly towards the towering Sycamore trees and scattered river rocks and approx. 300 ft of creek frontage.  Interior of home features Douglas Fir rough sawn beams with exposed steel gusset plates. Gourmet kitchen features knotty alder … (0 comments)

Sedona Luxury Real Estate shines... - 03/19/08 11:35 AM
Spring has come early in the Sedona Luxury Real Estate Market - there's been a flurry of activity already this year in the $1M-$1.5M range.  There are currently a handful in escrow and lots of other lookers trying to negotiate a deal in this range.   Activity seems to be high right now... it doesn't hurt that it will be 70 degrees or more and no clouds for a few months.  That always makes an impression on people from out the area.   It also helps that prices are reasonable due to the increased inventory.  (that is to say... sellers realize the increased inventory and most have made … (0 comments)

Mountain Gate Fiasco in AZ - 03/19/08 11:22 AM
About 20 miles from Sedona there's a planned community in Clarkdale AZ named Mountain Gate.  It's a development done by Empire Homes done in several phases with about a dozen or more different floorplans.  A few years back it was the rage because they were building for a price unheard of in Sedona... and it was appealing to buyers looking for local property (without the red rock views or Sedona mailing address) for an affordable price.  Well, it all came tumbling down a week or two back when Empire declared bankruptcy.  It's in all the local papers and it's affecting lots of people that live there.  … (0 comments)

Short Sales and Foreclosures changing the face of Sedona Real Estate - 03/19/08 11:20 AM
Springtime is here in Sedona and with it come the travelers and sunseekers from all over the country.  This year we're also seeing a fair number of investors coming back to town due to the fantastic deals that can be had in just about every price category.   No matter what price range buyers look in... they'll find a smattering of underpriced homes that can only make them smile.  For a while it was the under $600k market that saw it's fair share of short sales and foreclosures, but now there are some in the $800-$1M range and some over $1M as well...  … (2 comments)

Changes coming for the Sedona Lending Community? - 03/05/08 12:34 PM
The president's plan to relieve homeowners is about to take place.  My understanding is that the limits for conventional loans will be pushed up in Yavapai County.  That is to say... you'll be able to obtain a loan for up to the low 700k range as a normal loan.  In the past, anything over 417,000 was a JUMBO loan - requiring more paperwork, effort and additional cost (in the way of higher rates).  This effectively pushes the Jumbo rate up to the mid 700's and above.  This will help Sedona area homebuyers because our pricing is higher than the national average.  … (0 comments)

Down payments on Sedona Homes - 03/05/08 12:33 PM
I've heard of a case that shows how lenders are tightening up... and this might help you when looking for a Sedona home.  Recently, a self-employed buyer with 750+ credit score was trying to buy a Sedona home with 20% down.  A certain lender told the buyer that because the market is sliding, that he'd need to put an additional 5% down to secure the loan.  The buyer ended up shopping the loan with a few other local lenders and found one quickly who would lend money to him.  These tight restrictions are starting to affect us here in town, but if … (0 comments)

Sedona Real Estate Appraisal issues - 03/05/08 12:17 PM
I understand through a few channels that local appraisers aren't using Short Sales and Foreclosures when evaluating market value of properties that are not in distress.  My take is that this is a good thing, but what do you think???
 Sedona Real Estate
… (0 comments)

 
Rickmed

Rick Wesselhoff

Sedona, AZ

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Coldwell Banker First Affiliate

Address: 195 W SR 89A, Sedona, AZ, 86336

Office Phone: (928) 340-5012

Cell Phone: (928) 301-2622

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This is meant to educate Sedona buyers and sellers so that they can make intelligent decisions. Written in a relaxed style, it's upfront and honest about the Sedona Real Estate Market.


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