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Sean Baguley

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Sedona Real Estate 07/21/2018

by Sean Baguley

 

Weekly Update. July 21, 2018.
Join Gaetano and friends in Patio de las Campanas – El Rincon Restaurante Mexicano presents master guitarists Gaetano and friends with spirited performances inspired from Spain and Mexico. Gaetano treats visitors to Spanish guitar in the courtyard in front of the restaurant. Enjoy tapas and your favorite beverage from the outside bar. May 27, 2018 – October 30, 2018. Sunday through Tuesday evenings from 5:30PM-7:30PM. Tlaquepaque 336 AZ-179 Sedona.
Kick start your week at the Olde Sedona Bar and Grill. “Dance with the Bottom Line Band” every Monday Night, July 23, 2018 at 9:00 PM to July 24, 2018 at 12:00 AM. 1405 W State Rte 89A, Sedona.
At the ChocolaTree every Wednesday 6:30-9:30pm join Swami Sankarananda for an evening of meditation, satsang & chanting.
This event is free & open to all. “Just as the physical body needs food for its growth, so also the astral or subtle body requires spiritual food in the form of prayers, mantras, kirtan, meditation, etc. for its growth or evolution." From 6:00-6:30 ChocolaTree will be providing tea and snacks prior to satsong. July 25, 2018 at 6:30 PM to 9:30 PM. 1595 W State Rte 89A
Sedona.
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: 18.1  (New Listings; Back on Market)
Under Contract:     28    Average: 22.9  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     11     Average:  9.5  (Sold; Closed Escrow) 
Off Market:               5     Average:  5.8  (Canceled; Expired; Temporary Off Market)
Price Reductions:        1     Average   8.2
Price Increases:           7     Average    0.9
 
Contract Ratio:  48.40. The average over the last year is 35.80. 
The Average Price per Square Foot of homes that are Under Contract was $322.59 per square foot. The yearly moving average is $275.39 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $253.95 per square foot.
The unusual number of listing price increases this week is due to one developer adjusting their portfolio, reacting to the tight market and the improving economy.
Following criticism of the Federal Reserve's monetary policy decisions by President Donald Trump, the yields on U.S. Treasuries rose on Friday. The yield on the 30-year Treasury bond rose above 3% and stood at its highest level since the end of June. The yield on the two-year note was at about 2.60%, and on the 10-year note the yield rose to about 2.89%.
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. July 21, 2018.

Join Gaetano and friends in Patio de las Campanas – El Rincon Restaurante Mexicano presents master guitarist Gaetano and friends with spirited performances inspired from Spain and Mexico. Gaetano treats visitors to Spanish guitar in the courtyard in front of the restaurant. Enjoy tapas and your favorite beverage from the outside bar. May 27, 2018 – October 30, 2018. Sunday through Tuesday evenings from 5:30PM-7:30PM. Tlaquepaque 336 AZ-179 Sedona.

Kick start your week at the Olde Sedona Bar and Grill. “Dance with the Bottom Line Band” every Monday Night, July 23, 2018 at 9:00 PM to July 24, 2018 at 12:00 AM. 1405 W State Rte 89A, Sedona.

At The ChocolaTree every Wednesday 6:30-9:30pm join Swami Sankarananda for an evening of meditation, satsang & chanting.This event is free & open to all. “Just as the physical body needs food for its growth, so also the astral or subtle body requires spiritual food in the form of prayers, mantras, kirtan, meditation, etc. for its growth or evolution." From 6:00-6:30 ChocolaTree will be providing tea and snacks prior to satsong. July 25, 2018 at 6:30 PM to 9:30 PM. 1595 W State Rte 89ASedona.

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: 18.1  (New Listings; Back on Market)
Under Contract:     28    Average: 22.9  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     11     Average:  9.5  (Sold; Closed Escrow) 
Off Market:               5     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:        1     Average   8.2
Price Increases:           7     Average    0.9 

Contract Ratio:  48.40. The average over the last year is 35.80. 

The Average Price per Square Foot of homes that are Under Contract was $322.59 per square foot. The yearly moving average is $275.39 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $253.95 per square foot.

The unusual number of listing price increases this week is due to one developer adjusting their portfolio, reacting to the tight market and the improving economy.

Following criticism of the Federal Reserve's monetary policy decisions by President Donald Trump, the yields on U.S. Treasuries rose on Friday. The yield on the 30-year Treasury bond rose above 3% and stood at its highest level since the end of June. The yield on the two-year note was at about 2.60%, and on the 10-year note the yield rose to about 2.89%.

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 07/14/2018

by Sean Baguley

 

Weekly Update. July 14, 2018.
There is a newly-renovated, permanent exhibition that displays the story of ten tribes of the Colorado Plateau: Zuni, Acoma, Southern Ute, Southern Paiute, Hopi, Havasupai, Hualapai, Yavapai and Dilzhe'e Apache, and Diné (Navajo). Through over 350 objects selected by 42 tribal consultants, this exhibition reflects tribal histories, values, and cultures. Time: From: 10:00 AM to 5:00 PM. 3101 N Fort Valley Rd Flagstaff.
Today, The Sedona International Film Festival is presenting the critically-acclaimed new documentary “Pope Francis: A Man of His Word”, by acclaimed award-winning filmmaker Wim Wenders. Admission: $12 general admission; $9 for film festival members
Time: 4 PM and 7 PM. Before that, at 1 PM today, Saturday July 14, there is the encore of the Met Opera’s “Eugene Onegin” (from the 2006/2007 season). Admission: $15 general admission; $12.50 film festival members. Both are at the Mary D Fisher Theatre 2030 W State Route 89A Ste A3 Sedona.
Summer fun for buckaroos of all ages at a special western experience for the whole family. “Horse Tales and Cowboys Trails” is a western story told by our host, HORACE, a comical steed with a ton of horse sense. Plus, lunch and fun kid activities, like ropin', a tractor ride and more. It’s sure to be a rootin’ tootin' good time. Admission: $19.95. Time: From: 11:00 AM to 1:00 PM. 1875 Mabery Ranch Rd Cottonwood.  
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: 18.0  (New Listings; Back on Market)
Under Contract:     23    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     10     Average:  9.5  (Sold; Closed Escrow) 
Off Market:               7     Average:  5.7  (Canceled; Expired; Temporary Off Market)
Price Reductions:        8     Average   8.4
Price Increases:           0     Average    0.8
 
Contract Ratio:  47.10. The average over the last year is 35.40. 
The Average Price per Square Foot of homes that are Under Contract was $331.54 per square foot. The yearly moving average is $274.17 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $253.26 per square foot.
The Department of Labor announced that consumer prices posted their largest annualized gain in more than six years. The Consumer Price Index inched up 0.1% in June even as the increasees in prices of gasoline and clothing slowed. The month-over-month increase caused the annualized increase to rise to 2.9%, the largest gain since February 2012.
"Core CPI", which excludes food and energy costs, increased 0.2%, the same as May. The annualized increase in "Core CPI" increased to 2.3%.
Following that inflation news, U.S. government debt yields rose. The yield on the benchmark 10-year Treasury note was around 2.86%, and the yield on the 30-year Treasury bond was around 2.96%. Slightly stronger infalation may encourage the Federal Reserve to increase rates in an effort to stop the U.S. economy from overheating. One wonders why market commentators are concerned about overheating when the economy has only been in recovery mode for just two years after a long spell in the doldrums.
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. July 14, 2018.

Native American Peoples of the Colorado Plateau is a newly-renovated, permanent exhibition that displays the story of ten tribes of the Colorado Plateau: Zuni, Acoma, Southern Ute, Southern Paiute, Hopi, Havasupai, Hualapai, Yavapai and Dilzhe'e Apache, and Diné (Navajo). Through over 350 objects selected by 42 tribal consultants, this exhibition reflects tribal histories, values, and cultures. Time: From: 10:00 AM to 5:00 PM. 3101 N Fort Valley Rd Flagstaff.

Today, The Sedona International Film Festival is presenting the critically-acclaimed new documentary “Pope Francis: A Man of His Word”, by acclaimed award-winning filmmaker Wim Wenders. Admission: $12 general admission; $9 for film festival members. Time: 4 PM and 7 PM. Before that, at 1 PM today Saturday July 14, there is the encore of the Met Opera’s “Eugene Onegin” (from the 2006/2007 season). Admission: $15 general admission; $12.50 film festival members. Both are at the Mary D Fisher Theatre 2030 W State Route 89A Ste A3 Sedona.

Summer fun for buckaroos of all ages at a special western experience for the whole family. “Horse Tales and Cowboys Trails” is a western story told by our host, HORACE, a comical steed with a ton of horse sense. Plus, lunch and fun kid activities, like ropin', a tractor ride and more. It’s sure to be a rootin’ tootin' good time. Admission: $19.95. Time: From: 11:00 AM to 1:00 PM. 1875 Mabery Ranch Rd Cottonwood.  

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: 18.0  (New Listings; Back on Market)
Under Contract:     23    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     10     Average:  9.5  (Sold; Closed Escrow) 
Off Market:               7     Average:  5.7  (Canceled; Expired; Temporary Off Market)

Price Reductions:        8     Average   8.4
Price Increases:           0     Average    0.8 

Contract Ratio:  47.10. The average over the last year is 35.40. 

The Average Price per Square Foot of homes that are Under Contract was $331.54 per square foot. The yearly moving average is $274.17 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $253.26 per square foot.

The Department of Labor announced that consumer prices posted their largest annualized gain in more than six years. The Consumer Price Index inched up 0.1% in June even as the increasees in prices of gasoline and clothing slowed. The month-over-month increase caused the annualized index to rise to 2.9%, the largest gain since February 2012.

"Core CPI", which excludes food and energy costs, increased 0.2%, the same as May. The annualized increase in "Core CPI" increased to 2.3%.

Following that inflation news, U.S. government debt yields rose. The yield on the benchmark 10-year Treasury note was around 2.86%, and the yield on the 30-year Treasury bond was around 2.96%. Slightly stronger infalation may encourage the Federal Reserve to increase rates in an effort to stop the U.S. economy from overheating. One wonders why market commentators are concerned about overheating when the economy has only been in recovery mode for just two years after a long spell in the doldrums.

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 07/07/2018

by Sean Baguley

 

Weekly Update. July 7, 2018.
Local First Arizona’s Independents Week is a statewide campaign to educate and remind Arizonans of the importance of buying goods and services from locally owned businesses. This is Arizona's only week-long celebration of local businesses that lets you save money while shopping locally. From June 30th through July 8th, 2018, use your Golden Coupon to save 20% at hundreds of participating businesses, including over 100 in Northern Arizona, and in every imaginable industry.
The Sedona International Film Festival is presenting the encore of the Met Opera’s “Il Trovatore” (from the 2015/2016 season) on Saturday, July 7 at 1 p.m. at the Mary D. Fisher Theatre. Soprano Anna Netrebko is Leonora, the young noblewoman in love with the troubadour of the title — tenor Yonghoon Lee — but also pursued by Count di Luna, sung by the great baritone Dmitri Hvorostovsky. Mezzo-soprano Dolora Zajick completes the quartet of principals in her signature role of Azucena. Admission: $15 general admission; $12.50 film festival members. Time: 1 p.m. 2030 W State Route 89A Ste A3 Sedona.
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:         13    Average: 17.6  (New Listings; Back on Market)
Under Contract:     25    Average: 22.5  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average:  9.4  (Sold; Closed Escrow) 
Off Market:               5     Average:  5.6  (Canceled; Expired; Temporary Off Market)
Price Reductions:        5     Average   8.4
Price Increases:           0     Average    0.8
 
Contract Ratio:  45.30. The average over the last year is 35.00. 
The Average Price per Square Foot of homes that are Under Contract was $333.89 per square foot. The yearly moving average is $271.44 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.73 per square foot.
The Department of Labor announced that the economy added 213,000 jobs in the month of June, but, with more people joining the workforce, the unemployment rate ticked back up to 4%. The job gain was higher than market commentators expected. Average hourly earnings rose 2.7% year over year, a little below market expectations of a 2.8%.
The Bureau of Labor Statistics revised April's number up from 159,000 to 175,000 and May's number from 223,000 to 244,000, a total of 37,000 more than initially stated. Hiring continues to grow despite opinions in the press about the economy being near full employment.
U.S. government debt yields fell slightly after the Department of Labor report. The yield on the benchmark 10-year Treasury note was lower at around 2.83%, and the yield on the 30-year Treasury bond was down around 2.93%.
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. July 7, 2018.

Local First Arizona’s Independents Week is a statewide campaign to educate and remind Arizonans of the importance of buying goods and services from locally owned businesses. This is Arizona's only week-long celebration of local businesses that lets you save money while shopping locally. From June 30th through July 8th, 2018, use your Golden Coupon to save 20% at hundreds of participating businesses, including over 100 in Northern Arizona, and in every imaginable industry.

The Sedona International Film Festival is presenting the encore of the Met Opera’s “Il Trovatore” (from the 2015/2016 season) on Saturday, July 7 at 1 p.m. at the Mary D. Fisher Theatre. Soprano Anna Netrebko is Leonora, the young noblewoman in love with the troubadour of the title — tenor Yonghoon Lee — but also pursued by Count di Luna, sung by the great baritone Dmitri Hvorostovsky. Mezzo-soprano Dolora Zajick completes the quartet of principals in her signature role of Azucena. Admission: $15 general admission; $12.50 film festival members. Time: 1 p.m. 2030 W State Route 89A Ste A3 Sedona.

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:         25    Average: 17.9  (New Listings; Back on Market)
Under Contract:     22    Average: 22.5  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:       9     Average:  9.5  (Sold; Closed Escrow) 
Off Market:              10     Average:  5.6  (Canceled; Expired; Temporary Off Market)

Price Reductions:        6     Average   8.4
Price Increases:           0     Average    0.8 

Contract Ratio:  42.90. The average over the last year is 35.20. 

The Average Price per Square Foot of homes that are Under Contract was $334.68 per square foot. The yearly moving average is $272.86 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.89 per square foot.

The Department of Labor announced that the economy added 213,000 jobs in the month of June, but, with more people joining the workforce, the unemployment rate ticked back up to 4%. The job gain was higher than market commentators expected. Average hourly earnings rose 2.7% year over year, a little below market expectations of a 2.8%.

The Bureau of Labor Statistics revised April's number up from 159,000 to 175,000 and May's number from 223,000 to 244,000, a total of 37,000 more than initially stated. Hiring continues to grow despite opinions in the press about the economy being near full employment.

U.S. government debt yields fell slightly after the Department of Labor report. The yield on the benchmark 10-year Treasury note was lower at around 2.83%, and the yield on the 30-year Treasury bond was down around 2.93%.

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 06/30/2018

by Sean Baguley

Weekly Update. June 30, 2018.
A Fourth of July tradition since the 1930s, the Hopi festival features 100 award-winning artists and presenters from the Hopi villages in northern Arizona. Daily Admission: $12 adult; $8 youth (10-17), student (with ID) & American Indian (with tribal affiliation) Free for MNA members & Children under 10 Time: From: 9:00 AM to 5:00 PM 3101 N Fort Valley Rd Flagstaff.
Kick off Independents Week with Local First Arizona by joining us for the Old Town Indie Crawl down Main Street in Old Town Cottonwood, with stops at some of your favorite bars and tasting rooms. Stick with us on the route or feel free to explore & hang out on your own!The first 10 people to show up will receive a complimentary gift bag full of Verde Valley goodies. Admission: Event is Free, Cash Bar at each stop Time: From: 5:00 PM to 8:30 PM. 102 East Pima Street Cottonwood. 
The Sedona International Film Festival is proud to present the Northern Arizona premiere of the critically-acclaimed new film “A Kid Like Jake” — starring Claire Danes, Jim Parsons, Octavia Spencer and Priyanka Chopra — showing June 29-July 2 at the Mary D. Fisher Theatre. Admission: $12 general admission; $9 for film festival members. Time: 4 PM and 7 PM. 2030 W State Route 89A Ste A3 Sedona,
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:         13    Average: 17.6  (New Listings; Back on Market)
Under Contract:     25    Average: 22.5  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average:  9.4  (Sold; Closed Escrow) 
Off Market:               5     Average:  5.6  (Canceled; Expired; Temporary Off Market)
Price Reductions:        5     Average   8.4
Price Increases:           0     Average    0.8
 
Contract Ratio:  45.30. The average over the last year is 35.00. 
The Average Price per Square Foot of homes that are Under Contract was $333.89 per square foot. The yearly moving average is $271.44 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.73 per square foot.
The Commerce Department announced that Gross Domestic Product increased at a 2% annual rate in the first quarter of 2018. This was the third estimate of first-quarter GDP, and it was lower than the 2.2% previously reported. Commentators suggested the revision was due to the weakest performance in consumer spending in nearly five years. However, growth appears to have regained its upward trend due to the tight labor market and as the tax cuts begin to take effect.
Following the GDP announcement, U.S. government debt yields rose slightly. The yield on the benchmark 10-year Treasury note was marginally higher at around 2.85%, while the yield on the 30-year Treasury bond fell slightly to around 2.98%.
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. June 30, 2018.

A Fourth of July tradition since the 1930s, the Hopi Festival features 100 award-winning artists and presenters from the Hopi villages in northern Arizona. Daily Admission: $12 adult; $8 youth (10-17), student (with ID) & American Indian (with tribal affiliation) Free for MNA members & Children under 10 Time: From: 9:00 AM to 5:00 PM 3101 N Fort Valley Rd Flagstaff.

Kick off Independents Week with Local First Arizona by joining us for the Old Town Indie Crawl down Main Street in Old Town Cottonwood, with stops at some of your favorite bars and tasting rooms. Stick with us on the route or feel free to explore & hang out on your own!The first 10 people to show up will receive a complimentary gift bag full of Verde Valley goodies. Admission: Event is Free, Cash Bar at each stop Time: From: 5:00 PM to 8:30 PM. 102 East Pima Street Cottonwood. 

The Sedona International Film Festival is showing the critically-acclaimed new film “A Kid Like Jake” starring Claire Danes, Jim Parsons, Octavia Spencer and Priyanka Chopra — showing June 29-July 2 at the Mary D. Fisher Theatre. Admission: $12 general admission; $9 for film festival members. Time: 4 PM and 7 PM. 2030 W State Route 89A Ste A3

Sedona, Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:         13    Average: 17.6  (New Listings; Back on Market)
Under Contract:     25    Average: 22.5  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average:  9.4  (Sold; Closed Escrow) 
Off Market:               5     Average:  5.6  (Canceled; Expired; Temporary Off Market)

Price Reductions:        5     Average   8.4
Price Increases:           0     Average    0.8 

Contract Ratio:  45.30. The average over the last year is 35.00. 

The Average Price per Square Foot of homes that are Under Contract was $333.89 per square foot. The yearly moving average is $271.44 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.73 per square foot.

The Commerce Department announced that Gross Domestic Product increased at a 2% annual rate in the first quarter of 2018. This was the third estimate of first-quarter GDP, and it was lower than the 2.2% previously reported. Commentators suggested the revision was due to the weakest performance in consumer spending in nearly five years. However, growth appears to have regained its upward trend due to the tight labor market and as the tax cuts begin to take effect.

Following the GDP announcement, U.S. government debt yields rose slightly. The yield on the benchmark 10-year Treasury note was marginally higher at around 2.85%, while the yield on the 30-year Treasury bond fell slightly to around 2.98%.

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 06/23/2018

by Sean Baguley

Weekly Update. June 23, 2018.
The Sedona International Film Festival is showing the critically-acclaimed new drama “The Catcher Was a Spy”. This is a gripping, stranger-than-fiction espionage thriller, which brings to life the incredible true story of Moe Berg, the professional baseball player who became a World War II spy. Showing June 22-27 at the Mary D. Fisher Theatre Admission: $12 general admission; $9 for film festival members. Time: 4 PM and 7 PM. Mary D Fisher Theatre, 2030 W State Route 89A Ste A3 Sedona.
Page Springs Cellars is pleased to announce the fifth annual Tilted Earth Festival coming to Cornville Saturday, June 23rd. Headlining this year is PK Gregory, Pierce Edens, Greyhounds and The Suffers. There will also be a wine garden featuring three local wineries, a gourmet food tent, free games, massages and a silent auction benefiting three local charities. Admission: $65 in advance; $75 at the door. Time: From: 5:30 PM to 12:00 AM. Page Springs Vineyard & Cellars, 1500 N Page Springs Rd Cornville. 
This Sedona Chamber of Commerce is organisinga Regional Chamber Mixer, which brings together 500+ regional business people for networking, a tradeshow and restaurant tastings. Limited sponsorships, featured restaurant spots and tradeshow booths available. Door prizes welcome. Admission: $15. Time: From: 6:00 PM to 8:00 PM. Blazin' M Ranch Western Dinner Theater
1875 Mabery Ranch Rd Cottonwood.
 
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: 17.7  (New Listings; Back on Market)
Under Contract:     26    Average: 22.4  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average:  9.4  (Sold; Closed Escrow) 
Off Market:               5     Average:  5.8  (Canceled; Expired; Temporary Off Market)
Price Reductions:        9     Average   8.5
Price Increases:           0     Average    0.8
 
Contract Ratio:  47.90. The average over the last year is 34.70. 
The Average Price per Square Foot of homes that are Under Contract was $328.42 per square foot. The yearly moving average is $269.93 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.47 per square foot.
In a recent speech to the European Central Bank Forum, Federal Reserve Chairman Jerome Powell underlined the Fed's intention to continue with their current policy of raising interest rates given the strength of the economy and low unemployment.
Powell is quoted as saying, "Earlier in the expansion, as the economy recovered, the need for highly accommodative monetary policy was clear, but with unemployment low and expected to decline further, inflation close to our objective, and the risks to the outlook roughly balanced, the case for continued gradual increases in the federal funds rate is strong."
A week before, the Federal Open Market Committee voted to raise rates 0.25 percentage point. That was the sixth increase since the Fed changed its policy back in December 2015. The previous policy of maintaing rates at or near zero lasted about seven years, attempting to stimulate the economy recovered from the financial crisis.
U.S. government debt yields rose on Friday despite concerns about a possible trade war. The yield on the benchmark 10-year Treasury note was higher at 2.91%, and the yield on the 30-year Treasury bond rose to 3.05%. 
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. June 23, 2018.

The Sedona International Film Festival is presenting the critically-acclaimed new drama “The Catcher Was a Spy”. This is a gripping, stranger-than-fiction espionage thriller, which brings to life the incredible true story of Moe Berg, the professional baseball player who became a World War II spy. Showing June 22-27. Admission: $12 general admission; $9 for film festival members. Time: 4 PM and 7 PM. Mary D Fisher Theatre, 2030 W State Route 89A Ste A3 Sedona.

Page Springs Cellars is pleased to announce the fifth annual Tilted Earth Festival coming to Cornville Saturday, June 23rd. Headlining this year is PK Gregory, Pierce Edens, Greyhounds and The Suffers. There will also be a wine garden featuring three local wineries, a gourmet food tent, free games, massages and a silent auction benefiting three local charities. Admission: $65 in advance; $75 at the door. Time: From: 5:30 PM to 12:00 AM. Page Springs Vineyard & Cellars, 1500 N Page Springs Rd Cornville. 

The Sedona Chamber of Commerce is organising a Regional Chamber Mixer, bringing together 500+ regional business people for networking, a tradeshow and restaurant tastings. Limited sponsorships, featured restaurant spots and tradeshow booths available. Door prizes welcome. Admission: $15. Time: From: 6:00 PM to 8:00 PM. Blazin' M Ranch Western Dinner Theater1875 Mabery Ranch Rd Cottonwood. 

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: 17.7  (New Listings; Back on Market)
Under Contract:     26    Average: 22.4  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average:  9.4  (Sold; Closed Escrow) 
Off Market:               5     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:        9     Average   8.5
Price Increases:           0     Average    0.8 

Contract Ratio:  47.90. The average over the last year is 34.70. 

The Average Price per Square Foot of homes that are Under Contract was $328.42 per square foot. The yearly moving average is $269.93 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.47 per square foot.

In a recent speech to the European Central Bank Forum, Federal Reserve Chairman Jerome Powell underlined the Fed's intention to continue with their current policy of raising interest rates given the strength of the economy and low unemployment. Powell is quoted as saying, "Earlier in the expansion, as the economy recovered, the need for highly accommodative monetary policy was clear, but with unemployment low and expected to decline further, inflation close to our objective, and the risks to the outlook roughly balanced, the case for continued gradual increases in the federal funds rate is strong."

A week before, the Federal Open Market Committee voted to raise rates 0.25 of a percentage point. That was the sixth increase since the Fed changed its policy back in December 2015. The previous policy of maintaing rates at or near zero lasted about seven years, in an attempt to stimulate the economy and recover from the financial crisis.

U.S. government debt yields rose on Friday despite concerns about a possible trade war. The yield on the benchmark 10-year Treasury note was higher at 2.91%, and the yield on the 30-year Treasury bond rose to 3.05%. 

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 06/16/2018

by Sean Baguley

Weekly Update. June 16, 2018.
Today, Sedona should experience some much needed rain as we head towards what is locally known as the "Monsoon". Temperatures are around the 67 degree level with a 60% chance of rain. As this rain shower passes, the weather will return to dry, and temperatures will return to the 90s. More rain should reach us in July.
The Stratford Festival’s renowned new production of “Romeo and Juliet” makes its Sedona big-screen debut today, Saturday, June 16. The Sedona International Film Festival hosts the high-definition premiere from its home in Canada’s prestigious festival. There will be one show at 3 p.m. at the festival’s Mary D. Fisher Theatre. Scott Wentworth brings fresh life to the beloved tale of Shakespeare’s star-crossed lovers in the Stratford Festival’s funny, moving and thrilling production. Admission: $15 general admission; $12.50 film festival members. Mary D Fisher Theatre, 2030 W State Route 89A Ste A3 Sedona,
If you've been running for 6 months or more, have already run a 5K, 10K or Half Marathon & would like to run easier & faster, or are shooting for a Full Marathon, this weekly group running workshop is for you. A nationally certified running coach, will help you ease into running and ensure that you are doing it as efficiently and safely as possible. The workshop will meet Sunday, June 17 2018 on the multi-use field at Posse Grounds Park, and every Sunday thereafter until july 29th. The first session is free & $20/person/session thereafter. Time: From: 6:30 AM to 7:30 AM. Posse Grounds Road Sedona, 
 
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: 17.6  (New Listings; Back on Market)
Under Contract:     18    Average: 22.3  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     10     Average:  9.3  (Sold; Closed Escrow) 
Off Market:               2     Average:  5.8  (Canceled; Expired; Temporary Off Market)
Price Reductions:        5     Average   8.5
Price Increases:           2     Average    0.8
 
Contract Ratio:  47.20. The average over the last year is 34.40. 
The Average Price per Square Foot of homes that are Under Contract was $329.84 per square foot. The yearly moving average is $268.45 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.70 per square foot.
The Federal Reserve has started selling the bonds it purchased to add money to the financial system to stimulate the economy. It is now preparing for the end to this policy. Quantative Easing began towards the end of 2008, and ended in October 2016 just before the last general election. The ability of the Fed to reduce its balance sheet depends on the reserves the banking system needs to remain liquid. This new policy allows the Fed to manipulate interest rates without resorting to usual headline interest rate hikes. 
U.S. Treasury yields fell slightly at the end of this week. The yield on the benchmark 10-year Treasury note traded at 2.93% and the yield on the 30-year Treasury bond was at 3.05%.
The Labor Department announced that initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9. Claims data for the prior week was unrevised. The National Federation of Independent Businesses' monthly report stated that, in May, one-third of small-business owners reported job openings they could not fill, and 12% reported they were haing to use temporary workers.
The Commerce Department announced that retail sales rose 0.8% last month. This is the largestincrease since November 2017. Data for April was revised up to show sales rising 0.4% against the previously reported 0.2% gain. This further indication of economic growth came as consumers bought motor vehicles despite the rise in the price of gasoline. 
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. June 16, 2018.

Today, Weather in Sedona should experience some much needed rain as we head towards what is locally known as the "Monsoon". Temperatures are around the 67 degree level with a 60% chance of rain. As this rain shower passes though, the weather will return to dry, with temperatures climbing back into the 90s. Hopefully, more rain should reach us in July.

The Stratford Festival’s renowned new production of “Romeo and Juliet” makes its Sedona big-screen debut today, Saturday, June 16. The Sedona International Film Festival hosts the high-definition premiere from its home in Canada’s prestigious festival. There will be one show at 3 p.m. at the Mary D. Fisher Theatre. Scott Wentworth brings fresh life to the beloved tale of Shakespeare’s star-crossed lovers in the Stratford Festival’s funny, moving and thrilling production. Admission: $15 general admission; $12.50 film festival members. 2030 W State Route 89A Ste A3 Sedona,

If you've been running for 6 months or more, have already run a 5K, 10K or Half Marathon & would like to run easier & faster, or are shooting for a Full Marathon, this weekly group running workshop is for you. A nationally certified running coach, will help you ease into running and ensure that you are doing it as efficiently and safely as possible. The workshop will meet Sunday, June 17 2018 on the multi-use field at Posse Grounds Park, and every Sunday thereafter until july 29th. The first session is free & $20/person/session thereafter. Time: From: 6:30 AM to 7:30 AM. Posse Grounds Road Sedona. 

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: 17.6  (New Listings; Back on Market)
Under Contract:     18    Average: 22.3  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     10     Average:  9.3  (Sold; Closed Escrow) 
Off Market:               2     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:        5     Average   8.5
Price Increases:           2     Average    0.8 

Contract Ratio:  47.20. The average over the last year is 34.40. 

The Average Price per Square Foot of homes that are Under Contract was $329.84 per square foot. The yearly moving average is $268.45 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.70 per square foot.

The Federal Reserve has started selling the bonds it purchased to add money to the financial system to stimulate the economy. It is now preparing for the end to this policy. Quantative Easing began towards the end of 2008, and ended in October 2016 just before the last general election. The ability of the Fed to reduce its balance sheet depends on the reserves the banking system needs to remain liquid. This new policy allows the Fed to manipulate interest rates without resorting to usual headline interest rate hikes. 

U.S. Treasury yields fell slightly at the end of this week. The yield on the benchmark 10-year Treasury note traded at 2.93% and the yield on the 30-year Treasury bond was at 3.05%.

The Labor Department announced that initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9. Claims data for the prior week was unrevised. The National Federation of Independent Businesses' monthly report stated that, in May, one-third of small-business owners reported job openings they could not fill, and 12% reported they were having to use temporary workers.

The Commerce Department announced that retail sales rose 0.8% last month. This is the largest increase since November 2017. Data for April was revised up to show sales rising 0.4% against the previously reported 0.2% increase. This further indication of economic growth came as consumers bought motor vehicles despite the rise in the price of gasoline. 

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 06/09/2018

by Sean Baguley

 

Weekly Update. June 9, 2018.
Today, June 9th at Alcantara Vineyards and Winery is there annual Zinfest. The celebration and annual event is open from 11:00 AM until 5:00 PM. Admission price of $60.00 covers wine tasting, ZinFest T-Shirt, souvenir wine glass and poster. Williams a well-known sculptor and ceramist, stunning jewelery from Mummy's Bundle, leather work from Simply Sedona, and music from Thunder N' Lightnin is all there for your enjoyment. 3445 South Grapevine Way, Cottonwood AZ 86326.
Today, at The Collective, in the Village, show off your car, truck, motorcycle, rat rod or any other vehicle you like. Here's a venue to set-up, listen to great music, enjoy local food and SHOW OFF. Admission: Free. Time: From: 1:00 PM to 5:00 AM. 7000 State Route 179 Sedona.
Also today, up in Flagstaff, Peak Events is presenting the 6th Annual Flagstaff Blues and Brews. This year’s festival will feature Grammy and Blues Award winning bands, with headliners Robert Randolph and the Family Band. In addition to 7 bands, there will be 8 featured microbreweries, 6 wineries as well as arts and craft vendors, a variety of food vendors, and a kid’s area. Contintental Country Club Driving Range, 5000 Old Walnut Canyon Road Flagstaff.
 
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: 17.6  (New Listings; Back on Market)
Under Contract:     32    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     12     Average:  9.4  (Sold; Closed Escrow) 
Off Market:               3     Average:  5.8  (Canceled; Expired; Temporary Off Market)
Price Reductions:      10     Average   8.6
Price Increases:           2     Average    0.8
 
Contract Ratio:  46.60. The average over the last year is 34.10. 
The Average Price per Square Foot of homes that are Under Contract was $333.21 per square foot. The yearly moving average is $266.85 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.06 per square foot.
The Labor Department announced that initial claims for state unemployment benefits decreased 1,000 to a seasonally adjusted 222,000 for the week ended June 2. Claims data for the prior week was revised to show a 2,000 increase in applications received.
The strength of the labor market, and evidence of a minor increase in inflation, have created the expectation that the Federal Reserve will raise interest rates next week. The Fed last hiked rates in March, while hinting at two more increases during this year. The consensus expectation is therefore for the fed to raise rates after its June 12-13 policy meeting, and then once more during the second half of this year.
U.S. government debt yields held steady as world leaders convened for the G-7 summit. The yield on the benchmark 10-year Treasury note was around 2.94%, and the yield on the 30-year Treasury bond was at about 3.09%. Given the consensus on rate increases, one would be expecting Treasury yields to drifting higher, but global economic tensions have created a flight to quality, with investors attracted to US Treasuries. This trend is further evidenced by the strength of the US dollar.
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. June 9, 2018.

Today, June 9th, at Alcantara Vineyards and Winery is their annual Zinfest. This celebration and annual event is open from 11:00 AM until 5:00 PM. Admission price of $60.00 covers wine tasting, ZinFest T-Shirt, souvenir wine glass and poster. Williams a well-known sculptor and ceramist, stunning jewelery from The Mummy's Bundle, leather craftmanship from Simply Sedona, and music from Thunder N' Lightnin is all there for your enjoyment. 3445 South Grapevine Way, Cottonwood AZ 86326.

A Cruise-in Gathering is being hosted today at the Collective, in the Village. Come show off your car, truck, motorcycle, rat rod or any other vehicle you like. Here's a venue to set-up, listen to great music, enjoy local food and SHOW OFF. Admission: Free. Time: From: 1:00 PM to 5:00 AM. 7000 State Route 179 Sedona.

Also today, up in Flagstaff, Peak Events is presenting the 6th Annual Flagstaff Blues and Brews. This year’s festival will feature Grammy and Blues Award winning bands, with headliners Robert Randolph and the Family Band. In addition to 7 bands, there will be 8 featured microbreweries, 6 wineries as well as arts and craft vendors, a variety of food vendors, and a kid’s area. 
Admission: $35 to $80 Time: From: 11:00 AM to 9:30 PM. Contintental Country Club Driving Range, 5000 Old Walnut Canyon Road Flagstaff. 

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: 17.6  (New Listings; Back on Market)
Under Contract:     32    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     12     Average:  9.4  (Sold; Closed Escrow) 
Off Market:               3     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:      10     Average   8.6
Price Increases:           2     Average    0.8 

Contract Ratio:  46.60. The average over the last year is 34.10. 

The Average Price per Square Foot of homes that are Under Contract was $333.21 per square foot. The yearly moving average is $266.85 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $252.06 per square foot.

The Labor Department announced that initial claims for state unemployment benefits decreased 1,000 to a seasonally adjusted 222,000 for the week ended June 2. Claims data for the prior week was revised to show a 2,000 increase in applications received.

The strength of the labor market, and evidence of a minor increase in inflation, have created the expectation that the Federal Reserve will raise interest rates next week. The Fed last hiked rates in March, while hinting at two more increases during this year. The consensus expectation is therefore for the Fed to raise rates after its June 12-13 policy meeting, and then once more during the second half of this year.

U.S. government debt yields held steady as world leaders convened for the G-7 summit. The yield on the benchmark 10-year Treasury note was around 2.94%, and the yield on the 30-year Treasury bond was at about 3.09%. Given the consensus on rate increases, one would be expecting Treasury yields to drift higher, but global economic tensions have created a flight to quality, with investors attracted to US Treasuries. This trend is further evidenced by the strength of the US dollar.

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 06/02/2018

by Sean Baguley

 

Weekly Update. June 2, 2018.
On Sunday, June 3, at the Red Rock State Park, enjoy a lecture on Northern Arizona's amazingly rich collection of geological sites. You will tour the northern tier of the state, in an illustrated lecture from Monument Valley and the Navajo lands of the NE to the Grand Canyon. Then on to the Petrified Forest, the San Francisco Peaks, Sedona, and other noteworthy geo-sites. This lecture is included with regular park entrance fees. However, seating is limited and reservations required. Admission: $7. Time: From: 2:00 PM to 3:30 PM. 4050 Red Rock Loop Rd Sedona. 
On Friday June 8th, the last two of four free concerts will be performed free. Bring a chair if you would like or have a seat on the grass and enjoy desert for sale from Sedona Shaved Ice, June 8, and Cold Stone on June 22. The great music, being brought to you live at the Pavilion, will be June 8, Folk and Bluegrass, June 22, Funk and Reggae. Admission: Free. Time: From: 5:00 PM to 7:00 PM. Posse Grounds Pavilion, 525 Posse Ground Road Sedona.
Also on Friday, June 8 2018, the Area Agency on Aging, NACOG is partnering with Verde Valley Medical Center to provide a peer driven Caregiver Support Group. Join them each week at the VVMC Education Building – Yucca Room. Enjoy snacks and beverages while gaining access to available supportive services and programs. Admission: Free. Time: From: 10:00 AM to 11:00 AM. Verde Valley Medical Center - Yucca Room, 300 Willard St., Suite 104 Cottonwood.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:          6    Average: 17.6  (New Listings; Back on Market)
Under Contract:     24    Average: 22.5  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     18     Average:  9.3  (Sold; Closed Escrow) 
Off Market:              15     Average:  5.9  (Canceled; Expired; Temporary Off Market)
Price Reductions:       6     Average   8.6
Price Increases:           1     Average    0.7
 
Contract Ratio:  45.10. The average over the last year is 33.80. 
The squeeze continues with 18 closing escrow, 24 under contract, plus 15 taken off the market, with only 6 new listings to chose from. 
The Average Price per Square Foot of homes that are Under Contract was $307.66 per square foot. The yearly moving average is $265.16 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $251.48 per square foot.
The Labor Department announced that Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 221,000 for the week ended May 26. The previous week's number was unrevised. The labor market is considered to be close to full employment. The 3.9 % jobless rate is close to a 17 1/2 year low. and close to the Federal Reserve's 3.8% end year forecast.
The Commerce Department announced that U.S. consumer spending rose 0.6%, the largest gain in five months. The March number was revised upwards to 0.5% against the previously reported 0.4% increase.
The Institute of Supply Management announced that manufacturing activity expanded at a faster pace than forecast. The ISM manufacturing index rose to 58.7 in May from 57.3 in April. The May number was the 21st consecutive month of expansion for the manufacturing sector. An index number above 50 shows expansion in the manufacturing sector, and a number below 50 infers contraction.
The Bureau of Labor Statistics reported that the U.S. economy continued to add jobs. The May nonfarm payrolls rose 223,000, while the unemployment rate fell to an 18-year low of 3.8%. The last time the unemployment rate was this low was April 2000. The unemployment measure that includes discouraged workers and those holding part-time positions for economic reasons (U-6) fell to 7.6%. This is the lowest since May 2001. The labor force participation rate is 62.7%, after a 0.1 point decline. This equals the lowest level in 2018. Average hourly earnings rose 0.3%, equivalent to an annualized rate of 2.7%.
All this positive economic news meant that U.S. government debt yields increased. The yield on the benchmark 10-year Treasury note rose to about 2.89%, just of the day's high above 2.9%. The yield on the 30-year Treasury bond was increased to stabnd at 3.04%.
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. June 2, 2018.

On Sunday, June 3, at the Red Rock State Park, enjoy a lecture on Northern Arizona's amazingly rich collection of geological sites. You will tour the northern tier of the state, in an illustrated lecture from Monument Valley and the Navajo lands of the NE to the Grand Canyon. Then on to the Petrified Forest, the San Francisco Peaks, Sedona, and other noteworthy geo-sites. This lecture is included with regular park entrance fees. However, seating is limited and reservations required. Admission: $7. Time: From: 2:00 PM to 3:30 PM. 4050 Red Rock Loop Rd Sedona. 

On Friday June 8th, the last two of four free concerts will be performed at the Posse Grounds Pavillion. Bring a chair if you would like or have a seat on the grass and enjoy dessert for sale from Sedona Shaved Ice, June 8, and Cold Stone on June 22. The great music, being brought to you live, will be June 8, Folk and Bluegrass, and June 22, Funk and Reggae. Admission: Free. Time: From: 5:00 PM to 7:00 PM. Posse Grounds, 525 Posse Ground Road Sedona.

Also on Friday, June 8 2018, the Area Agency on Aging, NACOG, is partnering with Verde Valley Medical Center to provide a peer driven Caregiver Support Group. Join them each week at the VVMC Education Building – Yucca Room. Enjoy snacks and beverages while gaining access to available supportive services and programs. Admission: Free. Time: From: 10:00 AM to 11:00 AM. Verde Valley Medical Center - Yucca Room, 300 Willard St., Suite 104 Cottonwood. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:          6    Average: 17.6  (New Listings; Back on Market)
Under Contract:     24    Average: 22.5  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     18     Average:  9.3  (Sold; Closed Escrow) 
Off Market:             15     Average:  5.9  (Canceled; Expired; Temporary Off Market)

Price Reductions:        6     Average   8.6
Price Increases:           1     Average    0.7 

Contract Ratio:  45.10. The average over the last year is 33.80. 

The squeeze continues with 18 closing escrow, 24 under contract, plus 15 taken off the market, with only 6 new listings to chose from. 

The Average Price per Square Foot of homes that are Under Contract was $307.66 per square foot. The yearly moving average is $265.16 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $251.48 per square foot.

The Labor Department announced that Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 221,000 for the week ended May 26. The previous week's number was unrevised. The labor market is considered to be close to full employment. The 3.9 % jobless rate is close to a 17 1/2 year low. and close to the Federal Reserve's 3.8% end year forecast.

The Commerce Department announced that U.S. consumer spending rose 0.6%, the largest gain in five months. The March number was revised upwards to 0.5% against the previously reported 0.4% increase.

The Institute of Supply Management announced that manufacturing activity expanded at a faster pace than forecast. The ISM manufacturing index rose to 58.7 in May from 57.3 in April. The May number was the 21st consecutive month of expansion for the manufacturing sector. An index number above 50 shows expansion in the manufacturing sector, and a number below 50 infers contraction.

The Bureau of Labor Statistics reported that the U.S. economy continued to add jobs. The May nonfarm payrolls rose 223,000, while the unemployment rate fell to an 18-year low of 3.8%. The last time the unemployment rate was this low was April 2000. The unemployment measure that includes discouraged workers and those holding part-time positions for economic reasons (U-6) fell to 7.6%. This is the lowest since May 2001. The labor force participation rate is 62.7%, after a 0.1 point decline. This equals the lowest level in 2018. Average hourly earnings rose 0.3%, equivalent to an annualized rate of 2.7%.

All this positive economic news meant that U.S. government debt yields increased. The yield on the benchmark 10-year Treasury note rose to about 2.89%, just below the day's high above 2.9%. The yield on the 30-year Treasury bond was rose to about 3.04%.

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 05/26/2018

by Sean Baguley

 

Weekly Update. May 26, 2018.
Saturday, May 26 2018, The Collective Sedona Community Market brings in farming vendors from around the community. You'll find Fresh Produce, Farm Products, Tasty Treats, Live Music and lots more. Admission: Free. Time: From: 9:00 AM to 1:00 PM. In the Village, 7000 State Route 179 Sedona.
Sedona Art Shows presents true artists and craftsmen. It is a truly Unique "Boutique" Art show representing Great American Artists and Craftsmen that showcases their work. A show that is not deluded with buy and sell booths and commercial booths, but rather supports local Artists & Craftsmen. Saturday, May 26, Sunday, May 27, and Monday, May 28. Admission: Free. Time: From: 9:00 AM to 5:00 PM. Relics Restaurant, 3235 W Hwy 89A Sedona.
Join Marilyn Monroe and 60's celebrities who are all suspects in The Plot to Steal JFK's Coconut! Is it Boris Badenov & Natasha Fatale? Maybe Ken Kesey & Thunderfoot? Perhaps its Petula Clark, or Clyde Tolson, FBI. It might even be JFKs butler, George Thomas or Marilyn's maid, Lena Pepitone! Hmmm... it might even be Marilyn herself! Solve the mystery during this interactive improv show with catered food, champagne, music, dance & hilarity! Come dressed in 60's attire if you dare! Win Prizes! Saturday, May 26 2018. Admission: $30 online/ $35 at the door. Time: From: 7:00 PM to 9:00 PM. The Sedona Hub 525-B Posse Ground Rd Sedona.
Sterling Financial Services is hosting a no-cost, speaking engagement intended to educate the public on changes that can be made right now to benefit from the new tax laws for both business and personal taxes. uesday, May 29 2018. Admission: Free.
Time: From: 4:00 PM to 5:00 PM. Vino Di Sedona Fine Wine & Craft Beer, 2575 W State Route 89A Sedona.
The Full Moon Hike is led by a volunteer naturalist, giving hikers the rare opportunity to enjoy the sunset and moonrise from an overlook and return by the light of the moon. Hikers will also learn about local flora and fauna, archaeology and geology. A $5.00 non-refundable program fee per person is required in addition to regular park entry fees. The hike lasts 2 to 2 ½ hours and covers a distance of approximately two miles. Registration begins April 30th and ends May 28th, the day of the hike. Admission: $5 reservation fee plus regular park admission fee. Time: From: 6:15 PM to 8:45 PM. 4050 Red Rock Loop Rd Sedona.
 
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: 17.9  (New Listings; Back on Market)
Under Contract:     27    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     12     Average:  9.3  (Sold; Closed Escrow) 
Off Market:               3     Average:  5.8  (Canceled; Expired; Temporary Off Market)
Price Reductions:      10     Average   8.7
Price Increases:           0     Average    0.8
 
Contract Ratio:  49.10. The average over the last year is 33.60. 
The Average Price per Square Foot of homes that are Under Contract was $300.37 per square foot. The yearly moving average is $264.02 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $250.75 per square foot.
Moody's, the Ratings Agency, warned of substantial trouble in the junk bond markets as and when we see the next downturn in the economy. Corporate debt has risen to its highest levels since the financial crisis, encouraged by investor appetite for yield in a low interest rate environment. Corporate bonds offer a lower level of protection than US Treasuries, hence the higher yield.
The Federal Reserve minutes from its May meeting said "a temporary period of inflation modestly above 2% would be consistent with the Committee's symmetric inflation objective." They also suggested an interest rate hike could come at the June meeting. It appears the central bank would allow inflation to run for a short period above their 2% target rate as the economy continues to recover, according to minutes from the central bank's most recent meeting.
U.S. government debt yields fell at the end of the week as the Federal Reserve suggested it might allow inflation to run above its 2% target rate. The yield on the benchmark 10-year Treasury note was down around 2.93%, and the yield on the 30-year Treasury bond was down at 3.09%.
The National Association of Realtors announced that U.S. home sales dropped more than expected in April, possibly due to Buyers not finding what they want due to low inventory levels. Existing home sales fell 2.5 percent to a seasonally adjusted annual rate of 5.46 million in April. The March's sales number was unrevised. The retreat in existing home sales comes after two straight months of increases. Such sales account for about 90% of U.S. home sales. 
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. May 26, 2018.

This Saturday, May 26 2018, The Collective Sedona Community Market brings in farming vendors from around the community. You'll find Fresh Produce, Farm Products, Tasty Treats, Live Music and lots more. Admission: Free. Time: From: 9:00 AM to 1:00 PM. In the Village of Oak Creek, 7000 State Route 179 Sedona.

Sedona Art Shows presents true artists and craftsmen. It is a truly Unique "Boutique" Art show representing Great American Artists and Craftsmen that showcases their work. A show that is not deluded with buy and sell booths and commercial booths, but rather supports local Artists & Craftsmen. Saturday, May 26, Sunday, May 27, and Monday, May 28. Admission: Free. Time: From: 9:00 AM to 5:00 PM. Relics Restaurant, 3235 W Hwy 89A Sedona.

The Plot to Steal JFK's Coconut! Join Marilyn Monroe and 60's celebrities who are all suspects in The Plot to Steal JFK's Coconut! Is it Boris Badenov & Natasha Fatale? Maybe Ken Kesey & Thunderfoot? Perhaps its Petula Clark, or Clyde Tolson, FBI. It might even be JFKs butler, George Thomas or Marilyn's maid, Lena Pepitone! Hmmm... it might even be Marilyn herself! Solve the mystery during this interactive improv show with catered food, champagne, music, dance & hilarity! Come dressed in 60's attire if you dare! Win Prizes! Saturday, May 26 2018. Admission: $30 online/ $35 at the door. Time: From: 7:00 PM to 9:00 PM. The Sedona Hub 525-B Posse Ground Rd Sedona.

Sterling Financial Services is hosting a no-cost, speaking engagement intended to educate the public on changes that can be made right now to benefit from the new tax laws for both business and personal taxes. uesday, May 29 2018. Admission: Free.Time: From: 4:00 PM to 5:00 PM. Vino Di Sedona Fine Wine & Craft Beer, 2575 W State Route 89A Sedona.

The Full Moon Hike is led by a volunteer naturalist, giving hikers the rare opportunity to enjoy the sunset and moonrise from an overlook and return by the light of the moon. Hikers will also learn about local flora and fauna, archaeology and geology. A $5.00 non-refundable program fee per person is required in addition to regular park entry fees. The hike lasts 2 to 2 ½ hours and covers a distance of approximately two miles. Registration begins April 30th and ends May 28th, the day of the hike. Admission: $5 reservation fee plus regular park admission fee. Time: From: 6:15 PM to 8:45 PM. 4050 Red Rock Loop Rd Sedona. 

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: 17.9  (New Listings; Back on Market)
Under Contract:     27    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     12     Average:  9.3  (Sold; Closed Escrow) 
Off Market:               3     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:      10     Average   8.7
Price Increases:           0     Average    0.8 

Contract Ratio:  49.10. The average over the last year is 33.60. 

The Average Price per Square Foot of homes that are Under Contract was $300.37 per square foot. The yearly moving average is $264.02 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $250.75 per square foot.

Moody's, the Ratings Agency, warned of substantial trouble in the junk bond markets as and when we see the next downturn in the economy. Corporate debt has risen to its highest levels since the financial crisis, encouraged by investor appetite for yield in a low interest rate environment. Corporate bonds offer a lower level of protection than US Treasuries, hence the higher yield.

The Federal Reserve minutes from its May meeting said "a temporary period of inflation modestly above 2% would be consistent with the Committee's symmetric inflation objective." They also suggested an interest rate hike could come at the June meeting. According to the minutes from that meeting, they may allow inflation to run for a short period above their 2% target rate as the economy continues to recover.

The Fed's comment on inflation caused U.S. government debt yields to fall at the end of the week. The yield on the benchmark 10-year Treasury note was down around 2.93%, and the yield on the 30-year Treasury bond was down at 3.09%.

The National Association of Realtors announced that U.S. home sales dropped more than expected in April, possibly due to Buyers not finding what they want due to low inventory levels. Existing home sales fell 2.5% to a seasonally adjusted annual rate of 5.46 million in April. The March's sales number was unrevised. The fall in existing home sales comes after two straight months of increases. Such sales account for about 90% of U.S. home sales. 

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 05/19/2018

by Sean Baguley

 

Weekly Update. May 19, 2018.
The Sedona Heritage Museum is celebrating 20 years with fun, food, entertainment and activities. There will be old-time crafts and skills demonstrations and watch the apple sorting machine run. Enjoy live entertainment and performances, educational presentations, make-and-take activities for kids, and indulge in some biscuits or fruit cobbler cooked over an open fire in Dutch ovens. Experience behind-the-scenes tours of the Collection and meet local authors. Admission: Free. Time: From: 10:30 AM to 3:00 PM at 735 Jordan Rd Sedona.
This week is Arizona Restaurant Week. It offers foodies a wealth of dining opportunities and the chance to get outside their own neighborhood and try something new. From sizzling Southwestern and soothing comfort foods to five-star dining and international fare – it’s all on the table. So prepare your taste buds and dig in. The Etch Kitchen and Bar will be participating in this state-wide event. We are offering a 3 course menu for $44. Time: From: 11:30 AM to 9:00 PM at L'Auberge de Sedona, 301 L'Auberge Ln Sedona.
The Sedona International Film Festival presents four films, the new dramas “Little Pink House” and “The Escape” showing May 18-23 at the Mary D. Fisher Theatre. Admission: $12 general admission; $9 for film festival members. Time: 4 p.m. and 7 p.m. Also, partnering with the Mental Health Coalition Verde Valley and the Illuminate Film Festival, there will be a showing of the powerful film “Beyond Silence”, Saturday, May 19 at 7 p.m. There will be a community discussion following the film screening. 
On Sunday, May 20, at the Mary D. Fisher Theatre, there will be a screening of The Royal Shakespeare Company’s extraordinary new production of “Macbeth” Admission: $15 general admission; $12.50 film festival members Time: 4:00 p.m. 
Up Mingus Mountain, the 52nd Annual Jerome Historic Home and Building Tour runs May 20-21, 2018 9am to 3pm. Ticket sales $20 adults/$10 children/under 3 free. Please meet at Spook Hall, 260 Hull Avenue Jerome. Guests are delivered to the homes by vans, and, as there are lots of steps, most are not handicapped accessible. Online tickets at jeromechamber.com or at the door.
The Red Rock State Park celebrates Kids to Parks Day with a Nature Expedition. From 9 a.m. until 1 p.m., we will have special activities for kids, guided hikes and two presentations from NAU's Traveling Arthropod Show. So you can see and learn all about the creepy, crawly creatures that live in Arizona. Special event pricing of $2.00 for kids ages 7-13 and kids 6 and under are free. 4050 Red Rock Loop Rd Sedona.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:         24    Average: 18.0  (New Listings; Back on Market)
Under Contract:     34    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     15     Average:  9.2  (Sold; Closed Escrow) 
Off Market:               3     Average:  5.8  (Canceled; Expired; Temporary Off Market)
Price Reductions:       6     Average   8.8
Price Increases:           1     Average    0.8
 
Contract Ratio:  51.40. The average over the last year is 33.30. 
The Average Price per Square Foot of homes that are Under Contract was $298.24 per square foot. The yearly moving average is $262.85 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $250.43 per square foot.
The Labor Department announced that Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 222,000 for the week ended May 12. Claims data for the prior week was unrevised. The labor market is now considered close to, or at, full employment, with the jobless rate near a 17-1/2-year low of 3.9%. The unemployment rate is very close to the Federal Reserve's forecast of 3.8% by the end of this year.
The yield on the benchmark 10-year Treasury note climbed to 3.12%, the highest since July 8, 2011. The 10-year Treasury yield plays an important role in setting rates for a range of business and consumer loans, including home mortgages. The yield on the 30-year Treasury bond rose to 3.25%, its highest since July 13, 2015. 
The Commerce Department announced that housing starts dropped 3.7% to a seasonally adjusted annual rate of 1.287 million units in April. The March data was revised to show starts rising to a 1.336 million-unit rate instead of the previously reported 1.319 million-units. Building permits fell 1.8% to 1.352 million units last 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.  
 

 

Weekly Update. May 19, 2018.

The Sedona Heritage Museum is celebrating 20 years with fun, food, entertainment and activities. There will be old-time crafts and skills demonstrations and watch the apple sorting machine run. Enjoy live entertainment and performances, educational presentations, make-and-take activities for kids, and indulge in some biscuits or fruit cobbler cooked over an open fire in Dutch ovens. Experience behind-the-scenes tours of the Collection and meet local authors. Admission: Free. Time: From: 10:30 AM to 3:00 PM at 735 Jordan Rd Sedona.

This week is Arizona Restaurant Week. It offers foodies a wealth of dining opportunities and the chance to get outside their own neighborhood and try something new. From sizzling Southwestern and soothing comfort foods to five-star dining and international fare – it’s all on the table. So prepare your taste buds and dig in. The Etch Kitchen and Bar will be participating in this state-wide event. We are offering a 3 course menu for $44. Time: From: 11:30 AM to 9:00 PM at L'Auberge de Sedona, 301 L'Auberge Ln Sedona.

The Sedona International Film Festival presents four films, the new dramas “Little Pink House” and “The Escape” showing May 18-23 at the Mary D. Fisher Theatre. Admission: $12 general admission; $9 for film festival members. Time: 4 p.m. and 7 p.m. Also, partnering with the Mental Health Coalition Verde Valley and the Illuminate Film Festival, there will be a showing of the powerful film “Beyond Silence”, Saturday, May 19 at 7 p.m. There will be a community discussion following the film screening. 

On Sunday, May 20, at the Mary D. Fisher Theatre, there will be a screening of The Royal Shakespeare Company’s extraordinary new production of “Macbeth” Admission: $15 general admission; $12.50 film festival members Time: 4:00 p.m. 

Up Mingus Mountain, the 52nd Annual Jerome Historic Home and Building Tour runs May 20-21, 2018 9am to 3pm. Ticket sales $20 adults/$10 children/under 3 free. Please meet at Spook Hall, 260 Hull Avenue Jerome. Guests are delivered to the homes by vans, and, as there are lots of steps, most are not handicapped accessible. Online tickets at jeromechamber.com or at the door.

The Red Rock State Park celebrates Kids to Parks Day with a Nature Expedition. From 9 a.m. until 1 p.m., we will have special activities for kids, guided hikes and two presentations from NAU's Traveling Arthropod Show. So you can see and learn all about the creepy, crawly creatures that live in Arizona. Special event pricing of $2.00 for kids ages 7-13 and kids 6 and under are free. 4050 Red Rock Loop Rd Sedona. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:         24    Average: 18.0  (New Listings; Back on Market)
Under Contract:     34    Average: 22.6  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     15     Average:  9.2  (Sold; Closed Escrow) 
Off Market:               3     Average:  5.8  (Canceled; Expired; Temporary Off Market)

Price Reductions:       6     Average   8.8
Price Increases:          1     Average    0.8 

Contract Ratio:  51.40. The average over the last year is 33.30. 

The Average Price per Square Foot of homes that are Under Contract was $298.24 per square foot. The yearly moving average is $262.85 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $250.43 per square foot.

The Labor Department announced that Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 222,000 for the week ended May 12. Claims data for the prior week was unrevised. The labor market is now considered close to, or at, full employment, with the jobless rate near a 17-1/2-year low of 3.9%. The unemployment rate is very close to the Federal Reserve's forecast of 3.8% by the end of this year.

The yield on the benchmark 10-year Treasury note climbed to 3.12%, the highest since July 8, 2011. The 10-year Treasury yield plays an important role in setting rates for a range of business and consumer loans, including home mortgages. The yield on the 30-year Treasury bond rose to 3.25%, its highest since July 13, 2015. 

The Commerce Department announced that housing starts dropped 3.7% to a seasonally adjusted annual rate of 1.287 million units in April. The March data was revised to show starts rising to a 1.336 million-unit rate instead of the previously reported 1.319 million-units. Building permits fell 1.8% to 1.352 million units last 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.   

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Sean Baguley
BloomTree Realty
1350 W. State Route 89A, Suite 26
Sedona AZ 86336
Cell: (928) 399-4700