Here's our look back at the month of May 2021. Sales prices continue to climb with no outlook for a slow down. Most sales are cash.
Who would think, in the middle of a pandemic, a scorching hot real estate market?
With so much buyer interest in the limited number of Sedona houses going up for sale right now, many hopeful homebuyers are being faced with competition when they put a bid on a home. Call/text/email us so we can go over what you need to know to successfully navigate a bidding competition.
#biddingwars #buyingahome #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters
It's been a bit crazy the last 5 months. Properties that are well priced and in good condition are selling quickly. However, failing to price it right or make sure it's in top condition will doom the Sedona home to many days on the market. Buyers are finding the best homes are going over list price in bidding wars. If that's not your thing, you may want to hold off and see if the market cools over the holidays.
Call us if you'd like a confidential consultation.
Buying a home in Sedona does have an impact on the local economy. Helping the Sedona economy and businesses is a priority for us at the Susan Deierling Team.
#sedona #sedonarealestate #covid19impact
Are we headed into a new recession? Here's 5 simple graphs for a 2020 comparison with 2008.
As our lives, businesses, and the global economy change day by day, we are quite often left contemplating how long this pandemic can last. How long will effects virus be felt? The toll may change families forever, but the impact to the econcomy can rebound with a cycle of recession followed by economic growth like we’ve never viewed in the American economy before.
Leading experts and current research indicate the economic impact we will most likely see because of the coronavirus. It starts with U.S. Gross Domestic Product (GDP).
There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.
Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next few months. Let’s make sure we aren’t paralyzed by a headline before we get the full story.
When it comes to health issues, you should look to the Center for Disease Control (CDC) or the World Health Organization (WHO) for the most reliable informatio...
Sedona real estate has been very good to investors and homeowners alike. If you're buying a home anywhere, it's always good to do research on where the market is headed (historically).
Let's take a look at what the Sedona real estate market did year over year. This review will include all properties sold with a Sedona address, that's zip code 86336 (city) and 86351 (Village of Oak Creek).
*DOM is Days on Market
2019 Sedona Home Sales Statistics
2018 Sedona Home Sales Statistics
Traditional Homes - Units: 510 AVG $676,987 DOM 145
This past week has been quite a ride with the stock market. How does that affect the real estate market?
Sedona AZ: Looking at the big picture (the macro view), stock downturns may very well bring lower interest rates, not just for the National real estate market but also for our local Sedona real estate market. We normally see a Presidential election as a slower time for the markets but this year has been better than any in memory. How the stock volatility plays into that, we'll have to see.
Mortgage rates are already at historic lows and we just might see them push farther ...
Prior to getting to the “single thing”, answer this: Are you aware of which home improvement will bring you the most return on investment (ROI)? Even though you heard some guy at a party say that renovating your kitchen or master bath is the best return on investment, it doesn’t imply it is true. Don’t use one of those articles you read on HGTV.com claiming that this will guarantee you the best bang for your buck. The most effective ROI for just about any remodeling project is dependent upon many things
Three Things to Keep in Mind:
Sedona Luxury Home Market and Sedona Starter Homes
What we are seeing is market time rapidly dropping. It reminds me of 2005 when homes for sal...
You could be shopping for your first home in Sedona. Your very own home as well as a mortgage loan. A place to call your own.
It can be a great move. Buying a home takes a substantial amount of money and time. The journey isn't always easy. It isn’t intuitive. However But should you get the keys to your new Sedona Arizona home, that can always be maybe one of the most gratifying feelings ever in your life.
The main element for you to get there? Becoming familiar with the home buying journey. Knowing what strategies are at your fingertips. And most importantly forming partners...
Are you considering buying a Sedona luxury property? For the purposes of this article, we'll define a luxury property as any home over $1 million.
Sedona Arizona offers an active lifestyle that is hard to beat. We have something for everyone and a vibrant list of activities, events and recreation opportunities throughout the year. Even with a large number of visitors from around the world, it's kept it's a small-town feel. One upside to the tourism industry is the large number of restaurants, art galleries and entertainment around Sedona.
Before you head out to buy a Sedona luxury property, you'll want to know what to expect and what to look for during the home buying process. We are h...
This is a bit dry but vital if you are interested in buying investment properties in Sedona or anywhere in Arizona. This is concerns Arizona law so be sure to speak to an attorney if you have any questions.
Cable TV has several reality TV shows that feature people fixing and flipping (selling) homes in a short period of time. Hopefully for a profit. Arizona has some stringent requirements though that you must adhere too. If you rent investment properties or fix and flip, the same Arizona laws apply.
The Arizona Revised Statutes (ARS) are the state laws. The part that pertains to fix and flip or owner builds is below. Note the link to the actua...
Are you interested in Sedona foreclosure properties? We've sold quite a few foreclosure properties in the Sedona Arizona area over the years. A question we get is 'how was Sedona real estate affected by the recent recession?'. Sedona did have a fair number of foreclosure properties, but nothing like Phoenix and Las Vegas. The number of foreclosure properties in Sedona began to decline beginning of 2012.
Right now we average about 2-3 foreclosure properties in Sedona at any given time. We can't put an average price on the foreclosure properties in Sedona as we have both ends of the market. The home that is close to being bulldozed and the pristine Sedona luxury home.
Susan Deierling: (928) 301-4949 or Troy Deierling (928) 202-0700 RE/MAX Sedona