Here are the latest statistics for the Sedona real estate market.

Here's the statistics for home sales in the Village of Oak Creek (Sedona).

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.

Here's our market update to close our July 2020.  The comparison is for the same time period in 2019.

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

Many of the homes in Sedona have over 50% equity or are paid off.  Here's a short video on American home equity.

Are we headed into a new recession? Here's 5 simple graphs for a 2020 comparison with 2008.

Looking to the Future: What the Experts Are Saying

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).

Investo...

Corona Virus & the Sedona Real Estate Market

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

Traditional Homes - Units 499    AVG $664,347   DOM 110
Condos - Units 56   AVG $241,742    DOM 57
Townhomes - Units 79    AVG $478,582    DOM 112

2018 Sedona Home Sales Statistics

Traditional Homes - Units: 510  AVG $676,987   DOM 145
Condos...

Things that affect the Sedona real estate market right now.  Stocks, interest rates, election cycles, oh my!

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

• Where is your home located in Sedona Arizona?
• What's the market like in Sedona AZ over-all?
• What are comparable homes to yours selling for in Sedona Arizona real estate market?
• Will ...

THE ABOVE FIGURES ARE FOR THE ENTIRE UNITED STATES

Three Things to Keep in Mind:

• A pattern that has been growing for a while now is a contrast among supply & market demand with the High-end Markets vs. the Starter and trade-up Real Estate Markets and what that’s subsequently doing to home prices!
• Supply continues to rise in the high-end residential markets and that is causing prices to cool.
• Demand carries on growing along with low inventory for the first time homebuyer & trade-up residential markets, which causes selling prices to rise!

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...

Find what you want in your next home in Sedona and ways to make use of the Realtors who will help you get it.

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...

Sedona Investment Properties - Do It Right

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...