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Sean Baguley

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Sedona Real Estate 01/20/2018

by Sean Baguley

 

Weekly Update. January 20, 2018.
Join local artist Phyllis Anglin at Vino Di Sedona and follow step by step instruction to create your own souvenir painting. This is an event is fun for everyone and no artistic ability is required. Reservations are required to participate from 12:00 PM to 2:30 PM, and admission is $30.
The Sedona International Film Festival has shpwings of a new epic film “1945” Jauary 19-24 at the Mary D. Fisher Theatre. "1945” is based on the short story “Homecoming” by Ga´bor T. Sza´nto´.
The Sedona VegFest of 2018 is a celebration of the joys and benefits of a plant-based diet and lifestyle. Learn how easy it is to get healthy, reduce animal cruelty, and even save the environment through simple food choices.
Not far away is Contra Dance in Clarkdale. Contra dance is an energetic dance form with some similarities to square dance. Michael Barraclough will call every dance to the live tunes of Just Desserts. Wear comfortable clothes and bring a snack to share if possible. Newcomers should be sure to come for the lesson at 6:30 PM and then dance 7-10:00 PM. No partner or experience is necessary. Admission: $7-10 Time: From: 6:30 PM to 10:00 PM 
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:         15    Average: 17.3  (New Listings; Back on Market)
Under Contract:     21    Average: 21.0  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      4     Average:  9.0  (Sold; Closed Escrow) 
Off Market:               4     Average:  5.9  (Canceled; Expired; Temporary Off Market)
Price Reductions:     10     Average   9.2
Price Increases:         0     Average    0.7
 
Contract Ratio:  30.70. The average over the last year is 29.90.
The Average Price per Square Foot of homes that are Under Contract was $271.86 per square foot. The yearly moving average is $253.05 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.55 per square foot.
U.S. government debt prices were lower on Friday. The yield on the benchmark 10-year Treasury note was higher at around 2.627%, and the yield on the 30-year Treasury bond rose to 2.913%. The yield on the U.S. 10-year rose to its highest level since September 2014 the lowest level of Americans filing for unemployment benefits in 45 years.
The Labor Department announced that the number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years. Initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week ended Jan. 13, the lowest level since February 1973. Claims for the prior week were unrevised. December's percentage drop was the largest since November 2016. 
The Commerce Department announced that housing starts decreased 8.2% to a seasonally adjusted annual rate of 1.192 million units. November's number was revised up to 1.299 million units from the previously reported 1.297 million units. The fall was the largest drop in just over a year, with a sharp drop in the construction of single-family housing units. The numbers were worse than market commentators expected, and the suggested was that it may be due to the very cold conditions in a large part of the country and not a continuing trend.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. January 20, 2018.

Join local artist Phyllis Anglin at Vino Di Sedona and follow step by step instruction to create your own souvenir painting. This is an event is fun for everyone and no artistic ability is required. Reservations are required to participate from 12:00 PM to 2:30 PM, and admission is $30.

The Sedona International Film Festival has showings of a new epic film “1945” Jauary 19-24 at the Mary D. Fisher Theatre. "1945” is based on the short story “Homecoming” by Gabor T. Szanto.

The Sedona VegFest of 2018 is a celebration of the joys and benefits of a plant-based diet and lifestyle. Learn how easy it is to get healthy, reduce animal cruelty, and even save the environment through simple food choices.

Not far away is Contra Dance in Clarkdale. Contra Dance is an energetic dance form with some similarities to square dance. Michael Barraclough will call every dance to the live tunes of Just Desserts. Wear comfortable clothes and bring a snack to share if possible. Newcomers should be sure to come for the lesson at 6:30 PM and then dance 7-10:00 PM. No partner or experience is necessary. Admission: $7-10 Time: From: 6:30 PM to 10:00 PM  

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:         15    Average: 17.3  (New Listings; Back on Market)
Under Contract:     21    Average: 21.0  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:       4     Average:  9.0  (Sold; Closed Escrow) 
Off Market:               4     Average:  5.9  (Canceled; Expired; Temporary Off Market)

Price Reductions:     10     Average   9.2
Price Increases:          0     Average    0.7 

Contract Ratio:  30.70. The average over the last year is 29.90.

The Average Price per Square Foot of homes that are Under Contract was $271.86 per square foot. The yearly moving average is $253.05 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.55 per square foot.

U.S. government debt yields were higher on Friday. The yield on the benchmark 10-year Treasury note was higher at around 2.627%, and the yield on the 30-year Treasury bond rose to 2.913%. The yield on the U.S. 10-year rose to its highest level since September 2014.

The Labor Department announced that the number of Americans filing for unemployment benefits fell more than expected to the lowest level in 45 years. Initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week ended Jan. 13, the lowest level since February 1973. Claims for the prior week were unrevised. December's percentage drop was the largest since November 2016. 

The Commerce Department announced that housing starts fell 8.2% to a seasonally adjusted annual rate of 1.192 million units. November's number was revised up to 1.299 million units from the previously reported 1.297 million units. The fall was the largest drop in just over a year, and included a sharp drop in the construction of single-family housing units. The numbers were worse than market commentators had expected, and they suggested it may be due to the very cold conditions in a large part of the country rather than a continuing trend.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 01/13/2018

by Sean Baguley

Weekly Update. January 13, 2018.
The Sedona International Film Festival has series of films. There is “78/52: Hitchcock’s Shower Scene” for two shows only: Friday, Jan. 12 at 7 p.m. and Saturday, Jan. 13 at 4 p.m. There is “Last Flag Flying” — starring Bryan Cranston, Steve Carell and Laurence Fishburne — showing Jan. 12-17 and a one day showing of “The Opera House”, Saturday, Jan. 13 at 1 p.m.. All are at the the Mary D. Fisher Theatre.
There is a two-day Crash Course in Oil Painting, given by Stephen Krasemann, today and tomorrow. The course includes demonstrations, hands-on painting with individualized attention applied to teaching both fundamental and specialized techniques. Landscape compositions, animals and outdoor elements will be the focus in terms of subject matter from photos supplied by the students and the instructor. All materials included. The cost is $130.00 or for School of Arts Center members, $118.00.
There is another chance to join in a training run as a warm up for the Sedona Marathon Event. Coach Adam will be there to guide you along the actual course and offer his tips.  Meet at the Sedona Medical Center parking lot at 9 a.m.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:         17    Average: 17.2  (New Listings; Back on Market)
Under Contract:     19    Average: 20.8  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      6     Average:  9.0  (Sold; Closed Escrow) 
Off Market:               2     Average:  5.9  (Canceled; Expired; Temporary Off Market)
Price Reductions:      5     Average   9.1
Price Increases:         0     Average    0.7
 
Contract Ratio:  25.70. The average over the last year is 29.80.
The Average Price per Square Foot of homes that are Under Contract was $271.11 per square foot. The yearly moving average is $252.57 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.11 per square foot.
As we are into the first part of 2018, a quick snapshot of changes over time might be interesting. So, for the week ending January 7, 2017, taking Closed Transactions for the 6 months ending on that date, we had the following numbers. Total number of transactions in that period, 230. For those Transactions, the Average Price per Square Foot was $233.71; the Accumulative Days on Market was 202; and the average discount, Sold Price to List Price, was 4.89%. For the week ending January 13, 2018, the same sample period gives us Transactions 223; Price per Square Foot 248.87; CDOM 200, and Discount 3.35%.
The Commerce Department announced that retail sales rose 0.4% last month. The November data was revised to show a rise of 0.9% against the previously reported rise of 0.8%. The December retail sales number was 5.4% higher from a year ago.
The Labor Department announved that its Consumer Price Index (excluding the food and energy components) rose 0.3%. This was the largest rise in core CPI since January, and followed a 0.1% gain in November. For the 12 month period to December, Core CPI rose 1.8%. The annual number in November was 1.7%.
The yield on the benchmark 10-year Treasury rose to 2.55%, with the yield on the 30-year Treasury bond drifting lower to 2.855%. The benchmark 10-year U.S. Treasury yield rose to its highest level since March to approximately 2.5%. The yield gap between the 10-year Treasury and the 2-year Treasury has widened contrary to last year's trend. The Treasury yield curve steepened to 0.56% from a low around 0.5% earlier this month.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
A happy and prosperous New Year to everyone.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

Weekly Update. January 13, 2018.

The Sedona International Film Festival has series of films. There is “78/52: Hitchcock’s Shower Scene” for two shows only, Friday, Jan. 12 at 7 p.m. and Saturday, Jan. 13 at 4 p.m. There is “Last Flag Flying” — starring Bryan Cranston, Steve Carell and Laurence Fishburne — showing Jan. 12-17 and a one day showing of “The Opera House”, Saturday, Jan. 13 at 1 p.m.. All are at the the Mary D. Fisher Theatre.

There is a two-day Crash Course in Oil Painting, given by Stephen Krasemann, today and tomorrow. The course includes demonstrations, hands-on painting with individualized attention applied to teaching both fundamental and specialized techniques. Landscape compositions, animals and outdoor elements will be the focus in terms of subject matter from photos supplied by the students and the instructor. All materials included. The cost is $130.00 or for School of Arts Center members, $118.00.

Perhaps take another chance to join in a training run as a warm up for the Sedona Marathon Event. Coach Adam will be there to guide you along the actual course and offer his tips.  Meet at the Sedona Medical Center parking lot at 9 a.m. Real Estate Information -

Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:         17    Average: 17.2  (New Listings; Back on Market)
Under Contract:     19    Average: 20.8  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      6     Average:  9.0  (Sold; Closed Escrow) 
Off Market:               2     Average:  5.9  (Canceled; Expired; Temporary Off Market)

Price Reductions:      5     Average   9.1
Price Increases:         0     Average    0.7 

Contract Ratio:  25.70. The average over the last year is 29.80.

The Average Price per Square Foot of homes that are Under Contract was $271.11 per square foot. The yearly moving average is $252.57 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.11 per square foot.

As we are into the first part of 2018, a quick snapshot of changes over time might be interesting. For the week ending January 7, 2017, taking Closed Transactions for the 6 month period ending on that date, we had the following numbers. Total number of transactions in that period, 230. For those Transactions, the Average Price per Square Foot was $233.71; the Accumulative Days on Market was 202; and the average discount, Sold Price to List Price, was 4.89%. For the week ending January 13, 2018, we have Transactions 223; Price per Square Foot 248.87; CDOM 200, and Discount 3.35%.

The Commerce Department announced that retail sales rose 0.4% last month. The November data was revised to show a rise of 0.9% against the previously reported rise of 0.8%. The December retail sales number was 5.4% higher from a year ago.

The Labor Department announved that its Consumer Price Index (excluding the food and energy components) rose 0.3%. This was the largest rise in core CPI since January, and followed a 0.1% gain in November. For the 12 month period to December, Core CPI rose 1.8%. The annual number in November was 1.7%.

The yield on the benchmark 10-year Treasury rose to 2.55%, with the yield on the 30-year Treasury bond drifting lower to 2.855%. The benchmark 10-year U.S. Treasury yield rose to its highest level since March to approximately 2.5%. The yield gap between the 10-year Treasury and the 2-year Treasury has widened contrary to last year's trend. The Treasury yield curve steepened to 0.56% from a low around 0.5% earlier this month.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 01/06/2018

by Sean Baguley

 

Weekly Update. January 6, 2018.
Today, from 8:30 AM to 12:00 PM, there is an American Heart Association course that teaches CPR for the adult, child, and infant, as well as the use of the automated external defibrillator (AED) and the relief of a foreign body airway obstruction (FBAO). It is held at the Sedona Fire Station in Southwest Drive. Admission is $50.
The Sedona International Film Festival is showing the multiple award-winning film “The Square” at the Mary D. Fisher Theatre.
Liberty Wildlife are sharing the majesty of a rescued bald eagle with visitors to the depot of the Verde Canyon Railway, and on board the train on select Saturdays throughout the year, and today is one of those.
Also, today you can join in a training run - a warm up for the Sedona Marathon Event. Coach Adam will be there to guide you along the actual course and offer his tips. Meet at the Sedona Medical Center parking lot at 9 AM.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:         10    Average: 17.2  (New Listings; Back on Market)
Under Contract:     12    Average: 20.7  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      8     Average:  9.0  (Sold; Closed Escrow) 
Off Market:              12     Average:  6.0  (Canceled; Expired; Temporary Off Market)
Price Reductions:      3     Average   9.2
Price Increases:         0     Average    0.7
 
Contract Ratio:  23.90. The average over the last year is 29.80.
The Average Price per Square Foot of homes that are Under Contract was $271.30 per square foot. The yearly moving average is $252.12 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.29 per square foot. 
The Labor Department announced that nonfarm payrolls to grew by 148,000 in December. This was marginally below market expectations due to the loss of 20,000 retail positions during the holiday season. The November number was revised up to 252,000 from the previously reported 228,000. The unemployment rate held at 4.1%. The unemployment rate for blacks fell to 6.8%, the lowest ever recorded.
The Commerce Department announced that Factory goods orders rose 1.3%, with increased demand for transportation and electrical equipment. The October numbers were revised to show an increase of 0.4% versus the previously reported 0.1% fall. This is fourth straight month that orders for U.S.-made goods have increased.
 
Since the Federal Reserve changed its interest rate policy in December 2015, there have been five rate increases. In 2017, there were three, and the Fed is expected to raise rates again three more times in 2018. They had held rates at close to zero for seven years following the financial crisis.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
A happy and prosperous New Year to everyone.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. January 6, 2018.

Today, from 8:30 AM to 12:00 PM, there is an American Heart Association course that teaches CPR for the adult, child, and infant, as well as the use of the automated external defibrillator (AED) and the relief of a foreign body airway obstruction (FBAO). It is held at the Sedona Fire Station in Southwest Drive. Admission is $50.

The Sedona International Film Festival is showing the multiple award-winning film “The Square” at the Mary D. Fisher Theatre.

Liberty Wildlife are sharing the majesty of a rescued bald eagle with visitors to the depot of the Verde Canyon Railway, and on board the train on select Saturdays throughout the year, and today is one of those.

Also, today you can join in a training run - a warm up for the Sedona Marathon Event. Coach Adam will be there to guide you along the actual course and offer his tips. Meet at the Sedona Medical Center parking lot at 9 AM. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:         10    Average: 17.2  (New Listings; Back on Market)
Under Contract:     12    Average: 20.7  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:       8     Average:  9.0  (Sold; Closed Escrow) 
Off Market:              12     Average:  6.0  (Canceled; Expired; Temporary Off Market)

Price Reductions:      3     Average   9.2
Price Increases:         0     Average    0.7 

Contract Ratio:  23.90. The average over the last year is 29.80.

The Average Price per Square Foot of homes that are Under Contract was $271.30 per square foot. The yearly moving average is $252.12 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.29 per square foot. 

The Labor Department announced that nonfarm payrolls grew by 148,000 in December. This was marginally below market expectations due to the loss of 20,000 retail positions over the holiday season. The November number was revised up to 252,000 from the previously reported 228,000. The unemployment rate held at 4.1%, while the unemployment rate for blacks fell to 6.8%, the lowest ever recorded.

The Commerce Department announced that Factory goods orders rose 1.3%, with increased demand for transportation and electrical equipment. The October numbers were revised to show an increase of 0.4% versus the previously reported fall of 0.1%. This is the fourth straight month that orders for U.S.-made goods have increased. 

Since the Federal Reserve changed its interest rate policy in December 2015, there have been five rate increases. In 2017, there were three, and the Fed is expected to raise rates again three more times in 2018. They held rates at close to zero for seven years following the financial crisis.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to assist them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 12/30/2017

by Sean Baguley

 

Weekly Update. December 30, 2017.
The Sedona International Film Festival is presenting the acclaimed new film “Wonderstruck”. It is showing Dec 29 thtough Jan 3 at the Mary D. Fisher Theatre in West Sedona.
The Village of Oakcreek Association is hosting a New Year's Eve Party. To make a reservation, or to find out more details, call 928-284-1820 with any questions. The cost is $25 per person.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:         10    Average: 17.1  (New Listings; Back on Market)
Under Contract:    15    Average: 20.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average:  8.9  (Sold; Closed Escrow) 
Off Market:              2     Average:  5.8  (Canceled; Expired; Temporary Off Market)
Price Reductions:      3     Average   9.3
Price Increases:         0     Average    0.7
 
Contract Ratio:  27.70. The average over the last year is 29.80.
The Average Price per Square Foot of homes that are Under Contract was $262.60 per square foot. The yearly moving average is $251.75 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.00 per square foot. 
The Labor Department announced that U.S. workers filed a seasonally adjusted 245,000 initial claims for state unemployment benefits during the week that ended Dec. 23. Data for the prior week was unrevised. Since mid-October, claims have been confined to a range of 223,000 to 252,000.
U.S. government debt yields rose slightly on Thursday after the unemployment numbers. The yield on the benchmark 10-year Treasury note rose to 2.43%, while the yield on the 30-year Treasury bond was at 2.76%.
Standard & Poor's said that U.S. home prices climbed a robust 6.2% from a year ago. There has been strong demand from buyers and a shrinking supply. Standard & Poor's said that its S&P CoreLogic Case-Shiller national home price index stood for October was 6% above the previous peak in 2006. Prices continue to rise at about twice the rate of wage growth, creating some affordability pressures, despite the relatively low mortgage rates. Cities with an availabilty of jobs have seen the larger home price gains, and they may see more residents becoming renters.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
A happy and prosperous New Year to everyone.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. December 30, 2017.

The Sedona International Film Festival is presenting the acclaimed new film “Wonderstruck”. It is showing Dec 29 thtough Jan 3 at the Mary D. Fisher Theatre in West Sedona.

The Village of Oakcreek Association is hosting a New Year's Eve Party. To make a reservation, or to find out more details, call 928-284-1820 with any questions. The cost is $25 per person. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:         10    Average: 17.1  (New Listings; Back on Market)
Under Contract:     15    Average: 20.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average:  8.9  (Sold; Closed Escrow) 
Off Market:
              2     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:      3     Average   9.3
Price Increases:         0     Average    0.7 

Contract Ratio:  27.70. The average over the last year is 29.80.

The Average Price per Square Foot of homes that are Under Contract was $262.60 per square foot. The yearly moving average is $251.75 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $243.00 per square foot. 

The Labor Department announced that U.S. workers filed a seasonally adjusted 245,000 initial claims for state unemployment benefits during the week that ended Dec. 23. Data for the prior week was unrevised. Since mid-October, claims have been confined to a range of 223,000 to 252,000.

U.S. government debt yields rose slightly on Thursday after the unemployment numbers. The yield on the benchmark 10-year Treasury note rose to 2.43%, while the yield on the 30-year Treasury bond was at 2.76%.

Standard & Poor's said that U.S. home prices climbed a robust 6.2% from a year ago. There has been strong demand from buyers and a shrinking supply. Standard & Poor's said that its S&P CoreLogic Case-Shiller national home price index stood for October was 6% above the previous peak in 2006. Prices continue to rise at about twice the rate of wage growth, creating some affordability pressures, despite the relatively low mortgage rates. Cities with an availabilty of jobs have seen the larger home price gains, and they may see more residents becoming renters.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

A happy and prosperous New Year to everyone.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 12/23/2017

by Sean Baguley

 

Weekly Update. December 23, 2017.
The Sedona Railroaders have their annual display of miniature toy trains. Although they close on December 24th and 25th, they will be open from 11:00 AM until 4:30 PM every day until Saturday December 30th. You can find them in the Sedona Vista Village (was the Outlet Center).
The Sedona International Film Festival has two notable films to see, “The Florida Project” and  “Walking Out”.
For an intimate dinner theater experience, go to the Sound Bites Grill Celebrity Show Room and enjoy the unique experience and music mastery of Esteban. 
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:       7    Average: 17.0   (New Listings; Back on Market)
Under Contract:    17    Average: 20.5   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      8     Average:  8.9   (Sold; Closed Escrow) 
Off Market:              7     Average:  5.8 (Canceled; Expired; Temporary Off Market)
Price Reductions:      4     Average   9.2
Price Increases:         1     Average    0.7
 
Contract Ratio:  30.80. The average over the last year is 29.80.
The Average Price per Square Foot of homes that are Under Contract was $268.34 per square foot. The yearly moving average is $251.53 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $242.52 per square foot. 
New home sales increased 17.5% in November, the biggest rise since 2007. New homes sold at an annualized rate of 733,000, higher than the market estimate of 650,000. In September the rise was 6.2% and in October 14.2%. New home sales add to the strength of the economy by adding jobs with rising incomes for construction workers. New homeowners typically purchase durable consumer goods such as washers, dryers, refrigerators, and furniture, creating a ripple effect of added demand through the economy.
The National Association of Realtors also announced that existing home sales surged 5.6% to a seasonally adjusted annual rate of 5.81 million units with continued recovery in areas in the South effected by hurricanes. That was the highest level since December 2006 and followed an upwardly revised 5.50 million-unit pace in October.
The Mortgage Bankers Association said that total mortgage application volume dropped 4.9% from the previous week. Applications were 8% lower than the same week one year ago. This is the slowest time of the year for the mortgage market. Mortgage application volumes fell 6% for the week, but were 1% higher than a year ago. Yields on US Treasuries were higher. The benchmark 10-year Treasury note stood at around 2.488%, and the yield on the 30-year Treasury bond was up at 2.843%.
The Commerce Departmentexpanded announed a revision to last quarter's GDP. They reduced their third quarter estimate to a 3.2% annual, down from the previous 3.3%. 
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. December 23, 2017.

The Sedona Railroaders have their annual display of miniature toy trains. Although they close on December 24th and 25th, they will be open from 11:00 AM until 4:30 PM every day until Saturday December 30th. You can find them in the Sedona Vista Village (was the Outlet Center).

The Sedona International Film Festival has two notable films to see, “The Florida Project” and  “Walking Out”.

For an intimate dinner theater experience, go to the Sound Bites Grill Celebrity Show Room and enjoy the unique experience and music mastery of Esteban.

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:          7    Average: 17.0  (New Listings; Back on Market)
Under Contract:    17    Average: 20.5  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      8     Average:  8.9  (Sold; Closed Escrow) 
Off Market:              7     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:      4     Average   9.2
Price Increases:         1     Average    0.7 

Contract Ratio:  30.80. The average over the last year is 29.80.

The Average Price per Square Foot of homes that are Under Contract was $268.34 per square foot. The yearly moving average is $251.53 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $242.52 per square foot.

New home sales increased 17.5% in November, the biggest rise since 2007. New homes sold at an annualized rate of 733,000, higher than the market estimate of 650,000. In September the rise was 6.2% and in October 14.2%. New home sales add to the strength of the economy by adding jobs with rising incomes for construction workers. New homeowners typically purchase durable consumer goods such as washers, dryers, refrigerators, and furniture, adding demand throughout the economy.

The National Association of Realtors also announced that existing home sales rose 5.6% to a seasonally adjusted annual rate of 5.81 million units, which included further recovery in areas of the South effected by hurricanes. That was the highest level since December 2006 and followed a revised 5.50 million unit rate in October.

The Mortgage Bankers Association said that total mortgage application volume dropped 4.9% from the previous week. 
As this is the slowest time of the year for the mortgage market and only reflects one week's numbers, this may not be that significant. Applications were 8% lower than the same week one year ago.  Mortgage application volumes fell 6% for the week, but were 1% higher than a year ago. Yields on US Treasuries were higher. The benchmark 10-year Treasury note stood at around 2.488%, and the yield on the 30-year Treasury bond was up at 2.843%.

The Commerce Department announed a revision to last quarter's GDP. They reduced their third quarter estimate to a 3.2% annual, down from the previous 3.3%. 

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 12/16/2017

by Sean Baguley

 

Weekly Update. December 16, 2017.
Vino di Sedona is hosting a step by step instruction by local artist Phyllis Anglin to create your own souvenir painting. No artistic ability required. The event is fun for everyone and is entitled Painting Along For Fun. It runs from 12:00 PM to 2:30 PM and reservations are required to participate. Admission is $30.
You can celebrate the holiday season in Sedona by witnessing the country’s largest 3D holiday light show in The Most Beautiful Place on Earth, for four days only. Don’t miss this once in a lifetime chance to see this spectacular light event and celebrate the 60th Anniversary of the Sedona Arts Center. There are Viewing Areas throughout Uptown Sedona and Gallery Row.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:        16    Average: 17.0   (New Listings; Back on Market)
Under Contract:    21    Average: 20.6   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:   9     Average:  8.9   (Sold; Closed Escrow) 
Off Market:              4     Average:  5.8 (Canceled; Expired; Temporary Off Market)
Price Reductions:      3     Average   9.2
Price Increases:         0     Average    0.7
 
Contract Ratio:  30.60. The average over the last year is 29.80.
The Average Price per Square Foot of homes that are Under Contract was $264.96 per square foot. The yearly moving average is $251.12 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.57 per square foot. 
The Federal Reserve announced a widely expected interest rate rise of quarter-percentage-point in the overnight lending rate. However, it maintained its rate outlook for coming years even though it projected faster U.S. economic growth. The interest rate rise, the third hike this year, was accompanied by an increase in the Fed’s 2018 gross domestic product growth forecast to 2.5% from 2.1%.
The yields on U.S. government debt rose towards the end of the week as economic news bettered market expectations. The yield on the benchmark 10-year Treasury note was around 2.358%, and the yield on the 30-year Treasury bond was up to 2.69%. 
The Commerce Department announced that U.S. retail sales rose 0.8% last month. The October number was revised to show a gain of 0.5% against the previously reported 0.2% rise. Commentators suggested that this was due to the holiday shopping season getting off to an early start due to continued strength in the economy.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. December 16, 2017.

Vino di Sedona is hosting a step by step instruction by local artist Phyllis Anglin to create your own souvenir painting. No artistic ability required. The event is fun for everyone and is entitled Painting Along For Fun. It runs from 12:00 PM to 2:30 PM and reservations are required to participate. Admission is $30.

You can celebrate the holiday season in Sedona by witnessing the country’s largest 3D Holiday Light Show in The Most Beautiful Place on Earth, for four days only. Don’t miss this once in a lifetime chance to see this spectacular light event and celebrate the 60th Anniversary of the Sedona Arts Center. There are Viewing Areas throughout Uptown Sedona and Gallery Row. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:        16    Average: 17.0   (New Listings; Back on Market)
Under Contract:    21    Average: 20.6   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      9     Average:  8.9   (Sold; Closed Escrow) 
Off Market:              4     Average:  5.8 (Canceled; Expired; Temporary Off Market)

Price Reductions:      3     Average   9.2
Price Increases:         0     Average    0.7 

Contract Ratio:  30.60. The average over the last year is 29.80.

The Average Price per Square Foot of homes that are Under Contract was $264.96 per square foot. The yearly moving average is $251.12 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.57 per square foot. 

The Federal Reserve announced a widely expected interest rate rise of quarter-percentage-point in the overnight lending rate. However, it maintained its rate outlook for coming years even though it projected faster U.S. economic growth. The interest rate rise, the third hike this year, was accompanied by an increase in the Fed’s 2018 gross domestic product growth forecast to 2.5% from 2.1%.

The yields on U.S. government debt rose towards the end of the week as economic news bettered market expectations. The yield on the benchmark 10-year Treasury note was around 2.358%, and the yield on the 30-year Treasury bond was up to 2.69%. 

The Commerce Department announced that U.S. retail sales rose 0.8% last month. The October number was revised to show a gain of 0.5% against the previously reported 0.2% rise. Commentators suggested that this was due to the holiday shopping season getting off to an early start due to continued strength in the economy.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 12/09/2017

by Sean Baguley

 

Weekly Update. December 9, 2017.
Vino Di Sedona has a special grower's champagne tasting Saturday December 9th. The tasting includes Aubry, Mousse Fils, Canard-Duchene, Chartogne-Taillet, and Laurent-Perrier. There is also music by Paolo 3:30-6:00 and Saffire 7-10.
Join in our Happy Holiday celebration at Sedona Public Library for a world of family fun. Enjoy interactive stories and live music, snacks and seasonal craft activities for children. And who knows? Maybe a visit from a 'very special couple' for wishes and photos.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:        18    Average: 16.8   (New Listings; Back on Market)
Under Contract:    14    Average: 20.8   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:   6     Average:  9.0   (Sold; Closed Escrow) 
Off Market:              4     Average:  5.9 (Canceled; Expired; Temporary Off Market)
Price Reductions:      2     Average   9.3
Price Increases:         1     Average    0.7
 
Contract Ratio:  31.60. The average over the last year is 29.80.
The Average Price per Square Foot of homes that are Under Contract was $259.31 per square foot. The yearly moving average is $250.65 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.37 per square foot. 
The Bureau of Labor Statistics announced that the U.S. economy created 228,000 jobs in November. The unemployment rate remained at 4.1% as the U.S. economy continues to improve. Education and health-care services, followed by Professional and Business services had the largest net job gains during the month. Manufacturing employment came third, and has added 189,000 jobs since the low in November 2016.
Average hourly earnings rose 0.2% for the month and 2.5% for the year, which was slightly lower than market expectations. Gary Cohn, Director of the White House's National Economic Council is quoted as saying, "As the economy continues to grow and we bring more businesses back to America, we'll create more competition for labor so we'll continue to see more wage growth over the next cycle."
Federal Reserve data released on Thursday suggested that Household Wealth in the U.S. increased nearly 2% in the third quarter. This brings it close to double the level it was during the financial crisis. The balance sheet for Americans now shows $96.9 trillion in wealth, up from $95.2 trillion in the second quarter. This is an 8% gain from a year ago and 72% since the 2008 crisis low.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. December 9, 2017.

Vino Di Sedona has a special grower's champagne tasting Saturday December 9th. The tasting includes Aubry, Mousse Fils, Canard-Duchene, Chartogne-Taillet, and Laurent-Perrier. There is also music by Paolo from 3:30 to 6:00 and Saffire from 7:00 to 10:00.

Join in our Happy Holiday celebration at Sedona Public Library for a world of family fun. Enjoy interactive stories and live music, snacks and seasonal craft activities for children. And who knows? Maybe a visit from a 'very special couple' for wishes and photos. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:        18    Average: 16.8   (New Listings; Back on Market)
Under Contract:    14    Average: 20.8   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      6     Average:  9.0   (Sold; Closed Escrow) 
Off Market:              4     Average:  5.9 (Canceled; Expired; Temporary Off Market)

Price Reductions:      2     Average   9.3
Price Increases:         1     Average    0.7 

Contract Ratio:  31.60. The average over the last year is 29.80.

The Average Price per Square Foot of homes that are Under Contract was $259.31 per square foot. The yearly moving average is $250.65 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.37 per square foot. 

The Bureau of Labor Statistics announced that the U.S. economy created 228,000 jobs in November. The unemployment rate remained at 4.1% as the U.S. economy continues to improve. Education and health-care services, followed by Professional and Business services were the categories with the largest net job gains during the month. Manufacturing employment came third on the list, and has added 189,000 jobs since the low of November, 2016.

Average hourly earnings rose 0.2% for the month and 2.5% for the year, which was slightly lower than market expectations. Gary Cohn, Director of the White House's National Economic Council is quoted as saying, "As the economy continues to grow and we bring more businesses back to America, we'll create more competition for labor so we'll continue to see more wage growth over the next cycle."

Federal Reserve data released on Thursday showed that Household Wealth in the U.S. increased nearly 2% in the third quarter. This brings it closer to double the level it was during the financial crisis. The balance sheet for Americans now shows $96.9 trillion in wealth, up from $95.2 trillion in the second quarter. This is an 8% gain from a year ago and 72% since the 2008 crisis low.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 12/02/2017

by Sean Baguley

 

Weekly Update. December 2, 2017.
New York Bagel & Deli continues to offer a fresh baked bagel or breakfast burrito & cup of coffee and the nostalgic mix of Rick Cyge's fingerstyle guitar arrangements of the music of The Beatles!
Get in the holiday spirit while helping to raise funds for Toys for Tots. This year Tlaquepaque will host the TlaquepaqueTree Trail featuring over 20 ornately decorated Christmas trees designed by the shops and galleries.
The Sedona International Film Festival continues to present a series of the Northern Arizona premieres. This one is the critically-acclaimed new film “Novitiate”.
 
The 9th annual Breakfast with Santa begins at 8am at the Posse Grounds Hub located in Posse Grounds Park. The man in the big red suit will be on hand for kids of all ages to visit with Santa.  
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:        20    Average: 16.7   (New Listings; Back on Market)
Under Contract:    25    Average: 21.0   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:  13     Average:  9.1   (Sold; Closed Escrow) 
Off Market:             10     Average:  5.9 (Canceled; Expired; Temporary Off Market)
Price Reductions:     11     Average   9.4
Price Increases:         1     Average    0.7
 
Contract Ratio:  34.90. The average over the last year is 29.70.
The Average Price per Square Foot of homes that are Under Contract was $260.32 per square foot. The yearly moving average is $250.41 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.50 per square foot. 
There seems to be a rush to buy in Sedona at the moment, which is slightly unusual for the Thanksgiving/Holiday period. Attractive homes at fair prices seem to fly off the shelf. This may be due to higher values for Assets (see stock market), or Buyers trying to get ahead of a proposed cut to the mortgage interest deduction, or, as more good economic news is forthcoming, the next hike in rates. As is normal, the higher demand has brought new listings to the market.
The Federal Housing Finance Agency announced that the maximum conforming loan limits will increase to $453,100 in 2018 from the current limit of $424,100, a 6.8% increase. Still, as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has risen from 184.18, September 2016 to 195.51, September 2017, a 6.2% increase, the FHA's move doesn't seem out of line.
Dallas Fed President Robert Kaplan is quoted as saying that the Federal Reserve should raise rates in December, due to high employment and upward inflation pressure. The U.S. Federal Reserve will meet later this December and is expected to increase the short-term borrowing target to between 1.25% and 1.5%.
The Labor Department announced that the number of Americans filing for unemployment benefits fell for a second straight week. Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 238,000 for the week ended Nov. 25. It appears that the labor market is nearing full employment, with the jobless rate at a 17-year low of 4.1%.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. December 2, 2017.

New York Bagel & Deli continues to offer a fresh baked bagel or breakfast burrito & cup of coffee and the nostalgic mix of Rick Cyge's fingerstyle guitar arrangements of the music of The Beatles!

Get in the holiday spirit while helping to raise funds for Toys for Tots. This year Tlaquepaque will host the TlaquepaqueTree Trail featuring over 20 ornately decorated Christmas trees designed by the shops and galleries.

The Sedona International Film Festival continues to present a series of the Northern Arizona premieres. This one is the critically-acclaimed new film “Novitiate”

The 9th annual Breakfast with Santa begins at 8am at the Posse Grounds Hub located in Posse Grounds Park. The man in the big red suit will be on hand for kids of all ages to visit with Santa.   

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:        20    Average: 16.7   (New Listings; Back on Market)
Under Contract:    25    Average: 21.0   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    13     Average:  9.1   (Sold; Closed Escrow) 
Off Market:            10     Average:  5.9 (Canceled; Expired; Temporary Off Market)

Price Reductions:     11     Average   9.4
Price Increases:          1     Average    0.7 

Contract Ratio:  34.90. The average over the last year is 29.70.

The Average Price per Square Foot of homes that are Under Contract was $260.32 per square foot. The yearly moving average is $250.41 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.50 per square foot. 

There seems to be a small rush to buy Sedona homes at the moment. This is slightly unusual for the Thanksgiving/Holiday period, but attractive homes at fair prices are seeming to fly off the shelf. This may be due to a generally higher valuation of assets (see stock market), or Buyers trying to get ahead of a proposed cut to the mortgage interest deduction, or, as more good economic news is forthcoming, the next hike in rates. As is normal, the higher demand has brought new listings to the market.

The Federal Housing Finance Agency announced that the maximum conforming loan limits will increase to $453,100 in 2018 from the current limit of $424,100, a 6.8% increase. Still, as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has risen from 184.18, September 2016 to 195.51, September 2017, a 6.2% increase, the FHA's move doesn't seem out of line.

Dallas Fed President Robert Kaplan is quoted as saying that the Federal Reserve should raise rates in December, due to high employment and upward inflation pressure. The U.S. Federal Reserve will meet later this December and is expected to increase the short-term borrowing target to between 1.25% and 1.5%.

The Labor Department announced that the number of Americans filing for unemployment benefits fell for a second straight week. Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 238,000 for the week ended Nov. 25. It appears that the labor market is nearing full employment, with the jobless rate at a 17-year low of 4.1%.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 11/25/2017

by Sean Baguley

 

Weekly Update. November 25, 2017.
The Sedona International Film Festival is presenting the Northern Arizona premiere of two films. One is the award-winning new documentary from Academy Award-nominated director Rory Kennedy, "Take Every Wave: The Life of Laird Hamilton”. The other, is the romantic comedy “The Truth About Lies”
Friday, November 24, 2017 to Saturday December 2, 2017 you can get in the holiday spirit while helping to raise funds for Toys for Tots at the TlaquepaqueTree Trail, which features over 20 ornately decorated Christmas trees designed by the shops and galleries.
You can also treat yourself to a fresh baked bagel or breakfast burrito & cup of coffee and listen to a nostalgic mix of Rick Cyge's fingerstyle guitar arrangements of the music of The Beatles at the New York bagel & Deli in Wholefoods Plaza.
There is the largest indoorR American Indian Arts Show in the Verde Valley, with over 80 artists from the Hopi, Navijoand New Mex ico pueblo communities at the Camp Verde Community Center 395 S. Main St. Camp Verde, 
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:        11    Average: 16.6   (New Listings; Back on Market)
Under Contract:    19    Average: 20.8   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:   3     Average:  9.0   (Sold; Closed Escrow) 
Off Market:              8     Average:  6.1 (Canceled; Expired; Temporary Off Market)
Price Reductions:      7     Average   9.3
Price Increases:         0     Average    0.7
 
Contract Ratio:  34.50. The average over the last year is 29.50.
The Average Price per Square Foot of homes that are Under Contract was $264.92 per square foot. The yearly moving average is $249.98 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.08 per square foot. 
At their most recent meeting, Federal Reserve officials appeared optimistic about economic growth, although they voiced concerns that the financial markets were getting over-valued, thus posing a threat to the economy. Further, they are concerned that outlook might get better if Congress lowers corporate taxes.
The Labor Department announced that initial claims for state unemployment benefits declined 13,000 to a seasonally adjusted 239,000 for the week ended Nov. 18. This reverses the prior week's increase. Claims had risen in recent weeks due to claims from Puerto Rico following the impact of hurricanes Irma and Maria. 
The University of Michigan's survey of consumer sentiment rose to 98.5 in November. Market commentators were expecting a number of 98.0. The index has remained largely unchanged in 2017, reflecting consumers increasing confidence and certainty about their income and employment prospects.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. November 25, 2017.

The Sedona International Film Festival is presenting the Northern Arizona premiere of two films. One is the award-winning new documentary from Academy Award-nominated director Rory Kennedy, "Take Every Wave: The Life of Laird Hamilton”. The other, is the romantic comedy “The Truth About Lies”.

Friday, November 24, 2017 to Saturday December 2, 2017 you can get into the holiday spirit while helping to raise funds for Toys for Tots at the TlaquepaqueTree Trail, which features over 20 ornately decorated Christmas trees designed by the shops and galleries.

You can also treat yourself to a fresh baked bagel or breakfast burrito & cup of coffee and listen to a nostalgic mix of Rick Cyge's fingerstyle guitar arrangements of the music of The Beatles at the New York bagel & Deli in Wholefoods Plaza.

There is the largest indoor American Indian Arts Show in the Verde Valley, with over 80 artists from the Hopi, Navijoand New Mex ico pueblo communities at the Camp Verde Community Center 395 S. Main St. Camp Verde. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:        11    Average: 16.6   (New Listings; Back on Market)
Under Contract:    19    Average: 20.8   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:      3     Average:  9.0   (Sold; Closed Escrow) 
Off Market:              8     Average:  6.1 (Canceled; Expired; Temporary Off Market)

Price Reductions:      7     Average   9.3
Price Increases:         0     Average    0.7 Contract Ratio:  34.50. The average over the last year is 29.50.

The Average Price per Square Foot of homes that are Under Contract was $264.92 per square foot. The yearly moving average is $249.98 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.08 per square foot. 

At their most recent meeting, Federal Reserve officials appeared optimistic about economic growth, although they voiced concerns that the financial markets were getting over-valued, thus posing a threat to the economy. However, they achnowleged that the value of financial assets could rise further if Congress lowers corporate taxes.

The Labor Department announced that initial claims for state unemployment benefits fell 13,000 to a seasonally adjusted 239,000 for the week ended Nov. 18. This reversed the prior week's increase. Initial claims have risen in recent weeks effected by claims from Puerto Rico following the impact of hurricanes Irma and Maria. 

The University of Michigan's survey of consumer sentiment rose to 98.5 in November. Market commentators were expecting the number to be 98.0. The index has remained largely unchanged in 2017, as consumer confidence and certainty about their income and employment prospects has risen.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

Sedona Real Estate 11/18/2017

by Sean Baguley

 

Weekly Update. November 18, 2017.
HAPPY THANSGIVING to ALL.
The Sedona International Film Festival is presenting the Northern Arizona premiere of “Loving Vincent” at the Mary D. Fisher Theatre. “Loving Vincent” — the world’s first fully oil painted feature film — brings the artwork of Vincent van Gogh to life in an exploration of the complicated life and controversial death of one of history’s most celebrated artists.
They will also present the next Met Live Opera presentation of Thomas Adès’ “The Exterminating Angel” on Saturday, Nov. 18. There will be two shows that day at the Mary D. Fisher Theatre: 11 a.m. (live simulcast) and 4 p.m. (encore). Plan to come early as John Steinbrunner will lead a pre-opera talk one hour before each production (10 a.m. for the morning show and 3 p.m. for the encore).
You can enjoy Dinner and Dancing at Soundbites Grill while you enjoy some great Blues with Sir Harrison’s Blues Band. The guitar playing is straight from the soul. He’s been compared to Albert Collins, Stevie Ray Vaughn, Jimi Hendrix, Robert Cray, but Sir Harrison’s guitar playing has his own unique sound.
For dancers, Cottonwood Contra Dance are at the Clark Memorial Clubhouse, 39 N. 9th St. (9th & Main) in downtown Clarkdale. Michael Barraclough will teach and call the dances to the tunes of our live band, Just Desserts. Come at 6:30 to learn the basic moves and then dance until 10.   
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:        16    Average: 16.6   (New Listings; Back on Market)
Under Contract:    28    Average: 20.6   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    15     Average:  9.1   (Sold; Closed Escrow) 
Off Market:              8     Average:  6.1 (Canceled; Expired; Temporary Off Market)
Price Reductions:      9     Average   9.4
Price Increases:          3     Average    0.7
 
Contract Ratio:  28.70. The average over the last year is 29.40.
The Average Price per Square Foot of homes that are Under Contract was $262.99 per square foot. The yearly moving average is $249.53 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.14 per square foot. 
The Commerce Department announced that Housing starts and building permits jumped to a one-year high in October. Housing starts increased 13.7% to a seasonally adjusted annual rate of 1.29 million units.
This news effected U.S. government debt yields. The yield on the benchmark 10-year Treasury note was at 2.345% and the yield on the 30-year Treasury bond was at 2.786%. Earlier in the day, the 2-year Treasury note yield hit a new high of 1.7250%, its highest level since October 2008 when it yielded 1.77%.
Although the housing market may be adversely effected by the proposed tax plan, there appear to be more buyers in the market, which is boosting confidence among builders. According to the National Association of Home Builders, the home builder sentiment index rose two points in November to 70. This follows a four point rise in October. An index number above fifty is considered positive sentiment. The November number is the highest since March of this year and the second highest on record. The index stood at 63 in November 2016.
The Labor Department announced that Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 249,000 for the week ended Nov. 11. This was the second straight weekly increase. The number of Americans filing for unemployment benefits rose unexpectedly last week as a backlog of applications from Puerto Rico continued to be processed. However, the underlying trend pointed to tightening labor market conditions.
If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.
Sean Baguley. 
Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.  
 

 

Weekly Update. November 18, 2017.

          HAPPY THANSGIVING to ALL.

The Sedona International Film Festival is presenting the Northern Arizona premiere of “Loving Vincent” at the Mary D. Fisher Theatre. “Loving Vincent” — the world’s first fully oil painted feature film — brings the artwork of Vincent van Gogh to life in an exploration of the complicated life and controversial death of one of history’s most celebrated artists.

They will also present the next Met Live Opera presentation of Thomas Adès’ “The Exterminating Angel” on Saturday, Nov. 18. There will be two shows that day at the Mary D. Fisher Theatre: 11 a.m. (live simulcast) and 4 p.m. (encore). Plan to come early as John Steinbrunner will lead a pre-opera talk one hour before each production (10 a.m. for the morning show and 3 p.m. for the encore).

You can enjoy Dinner and Dancing at Soundbites Grill while you enjoy some great Blues with Sir Harrison’s Blues Band. The guitar playing is straight from the soul. He’s been compared to Albert Collins, Stevie Ray Vaughn, Jimi Hendrix, Robert Cray, but Sir Harrison’s guitar playing has his own unique sound.

For dancers, Cottonwood Contra Dance are at the Clark Memorial Clubhouse, 39 N. 9th St. (9th & Main) in downtown Clarkdale. Michael Barraclough will teach and call the dances to the tunes of our live band, Just Desserts. Come at 6:30 to learn the basic moves and then dance until 10.    

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:        16    Average: 16.6   (New Listings; Back on Market)
Under Contract:    28    Average: 20.6   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    15     Average:  9.1   (Sold; Closed Escrow) 
Off Market:              8     Average:  6.1 (Canceled; Expired; Temporary Off Market)

Price Reductions:      9     Average   9.4
Price Increases:         3     Average    0.7 

Contract Ratio:  28.70. The average over the last year is 29.40.

The Average Price per Square Foot of homes that are Under Contract was $262.99 per square foot. The yearly moving average is $249.53 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.14 per square foot. 

The Commerce Department announced that Housing starts rose to a one-year high in October. Housing starts increased 13.7% to a seasonally adjusted annual rate of 1.29 million units.

This news effected U.S. government debt yields. The yield on the benchmark 10-year Treasury note was at 2.345% and the yield on the 30-year Treasury bond was at 2.786%. Earlier in the day, the 2-year Treasury note yield hit a new high of 1.7250%, its highest level since October 2008 when it yielded 1.77%.

Although the housing market may be adversely effected by the proposed tax plan, there appear to be more buyers in the market, which is boosting confidence among builders. According to the National Association of Home Builders, the home builder sentiment index rose two points in November to 70. This follows a four point rise in October. An index number above fifty is considered positive sentiment. The November number is the highest since March of this year and the second highest on record. The index stood at 63 in November 2016.

The Labor Department announced that Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 249,000 for the week ended November 11. This was the second straight weekly increase. The number of Americans filing for unemployment benefits rose unexpectedly last week as a backlog of applications from Puerto Rico continued to be processed. However, the underlying trend pointed to tightening labor market conditions.

If you know of anyone who needs assistance with their real estate goals, please ask them to call or email me. I would be delighted to help them.

Sean Baguley. 

Information in the post is drawn from the Sedona Verde Valley Association of Realtors Multiple Listing Service and other public sources believed to be reliable. Any opinions expressed are solely those of the author and in no way reflect the views of BloomTree Realty.   

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