Rick 's Sedona Real Estate Blog

Wow... I just heard great news that affects almost every buyer looking for Sedona Real Estate.  As you may or may not know, the federal government has put forth an economic stimulus package to help people with their home loans.  The most important piece of this that's been proposed is a higher li...

Buyer activity has been fairly high over the last week.  Lots of lookers seem to be in town, but there's not too many properties going into escrow.  It is a good sign that clients are looking at the amazing deals on properties in the Sedona area.  Between the foreclosures, high inventory, and sel...

This has been one of the hottest topics in the world of Sedona real estate for the last 6 months.  As you may or may not know, people in town have been renting their fully furnished homes out to visitors for years.  It's been illegal in name only for a long time - and the city recently has decide...

The Sedona real estate markete typically heats up starting at the end of February... but with the Super Bowl held in Phoenix this year - we're expecting lots of visitors in early February.  If you're debating on when to put your home or vacant land on the market and you're waiting for spring - yo...

It feels like there are buyers out there again...  there are certainly lots of lookers and calls.  They're not all translating into actual sales, but it sure feels good to show properties and see all the interest.  I'd guess that they're looking in the middle and upper ranges but the lower end se...

I was on our weekly Thursday - Realtor tour of the newest homes on market and I saw something unbelievable.  There's a house in West Sedona priced at $279k... this may not shock you if you're reading this from your home in the Midwest... but 279k for a site built home is unheard of around here.  ...

I just saw another Short Sale home on the market in West Sedona for an unbelievable low price.  It's a short sale - which means that it will sell for less than the mortgage amount that's owed to the bank.  These are coming up more often and there are great deals in short sales and homes on the ma...

As mentioned in earlier posts, the upper end of the market is slowing down.  For quite a while there were no homes in escrow over $1M.  There has been a little activity in that price range, but the lower end of the market is starting to move.  My theory is that there are more owners that need to ...

Sedona-Verde Valley maxed out at 980 real estate agents when the market was hot... I just heard that with the annual dues coming there will be some major fallout.  The board office is expecting to have only 780 agents this time next month...  We'll probably lose another hundred or so over the cou...

We've recently seen a 10%-15% reduction in inventory in the local real estate market.  This isn't due to sales... but to expiring listings and people tired of waiting for their home or land to sell... so they make it unavailable.  This is a very good thing for the market in general... because whe...