Phil DePasquale's (sedonarrealtor) Blog

Private mortgage insurance companies are further restricting guidelines on loans that they deem acceptable for them to insure (mortgage insurance is, typically required on any conforming loan over 80% LTV).  To satisfy new requirements; conforming loan transactions with Loan-to-Values greater tha...

Sedona Visitor Statistics  Approximately 80% of our visitors come from the Phoenix area, Las Vegas, Tucson or Southern California.  About 6% come from outside the United States.  The average household income of our visitor is a whopping $106,000.  The average visitor is between 35 and 54 and our...

New Developments Around Sedona L'Auberge de Sedona was recently purchased by Al Spector - current owner of Amara Creekside Resort (L'Auberge's next door neighbor).  Mr. Spector plans to add 30 new guest room cottage units, an arrivals building and a 2 level parking garage.  Also planned re 5 uni...

The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders and others to keep those people out of foreclosure and stabilize the housing market. The timing reflects the height of subprime lending in the summ...

Well, it is official, as of Tuesday July 1st, Countrywide is no longer.  By mid 2009, all business will be done under the Bank of America corporate umbrella.  This merger for approximately 2.5 billion dollars, much less than the 30 billion dollar offer B of A was mulling over a year ago.  This me...

In an effort to help potential home buyers,  Fannie and Freddie have eliminated the "declining market policy" that required potential home buyers' to put down more money than traditionally required when purchasing a home in areas that were shown to have a higher than average decline in ˜market' v...

Stats for 2008   There are currently 537 Active Residential Listings in Sedona.  406 Homes are listed under $1M and 131 are $1M or above   There are currently 395 Active Lot Listings in Sedona.  367 Lots are listed under $1M and 28 are $1M or above.   Month of Januray: 13 Residential Home Sales -...

Yavapino Estates Home on approximately 1.5 acres in the heart of Sedona. Endless possibilities for this 3000+ s.f. older, estate home with sweeping views, natural landscaping and pool. New paved roads and sewer with all fees paid. Home on natural gas. Great Room with fireplace embraces the outdoo...

Rare acreage on Oak Creek with remodeled home, swimming pool with new stone decking & Tiki-style pool bar, 25x50 garage/workshop plus a spacious storage building, all on 2+ acres. Extensive landscaping, new creek-side flagstone patio with view of Oak Creek, red-rock columned archways, new pathway...

Home is perfect inside and out. Well loved and maintained, in move-in condition. 3/2 1400+ s.f. home on approx. .50 acre overlooking Oak Creek Valley. High above the community this home has been gently used as family vacation home. Cathedral ceilings and niches, split-floor plan, gas fireplace an...