Weekly Update. May 11, 2019.
By popular demand, the Sedona International Film Festival is presenting “Hotel Mumbai” on May 10th through 15th. “Hotel Mumbai” features an award-winning ensemble cast, including Academy Award-nominee Dev Patel, Armie Hammer, Jason Isaacs, Anupam Kher and Nazanin Boniadi. Admission: $12 general admission; $9 for film festival members. Time: 4:00 PM and 7:00 PM. Mary D Fisher Theatre, 2030 W State Route 89A Ste A3 Sedona. For more information call Patrick Schweiss on 928-282-1177.
Reptiles. Join MNA Reptile educator, Mason Kuluris for a close-up look at live snakes, lizards, a turtle and more. Learn all about these fascinating creatures and what it takes to take care of them. Admission: $12 Adult, $10 Sr./Military, $8 Youth (10-17) student w/ ID & American Indian, Members and ages 9 and under free. Time: From: 2:00 PM to 3:00 PM. 3101 N Fort Valley Rd Flagstaff. For more information call 928-774-5213.
There is a Mother’s Day Piano Solo Concert by David Lieberstein May 12 – Sunday Evening at 7:30 PM in the Great Room. David creates his original compositions that are both relaxing and moving. The intent is to inspire the listeners to find their own inner peace. He will be sharing music from his album, “The Child Within” along with recently inspired pieces. David lives in Marin County, California with his wife and their son. Admission: $20 at the door (A benefit for Sedona Creative Life). Time: From: 7:30 PM to 9:00 PM. Sedona Creative Life Center, 333 Schnebly Hill Rd Sedona. For more information call David Lieberstein at 707-484-0656.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year, and this week's numbers are,
New Listings:         24    Average: 17.6  (New Listings; Back on Market)
Under Contract:     24    Average: 21.3  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average: 9.5  (Sold; Closed Escrow) 
Off Market:               7     Average:   5.4  (Canceled; Expired; Temporary Off Market)
Price Reductions:       11     Average   9.4
Price Increases:           1     Average   0.8
 
Contract Ratio:  36.90. The average over the last year is 35.60. 
The Average Price per Square Foot of homes that are Under Contract was $291.64 per square foot. The yearly moving average is $325.91 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $272.13 per square foot.
The latest CNBC|SurveyMonkey Small Business Survey gave a of 59, up from 58 in the first quarter 2019. Small business owners are optimistic about the direction of their business over the next 12 months. 56% said business conditions were good, and 60% said they expect revenue to increase in the next year. Those 6% who expect revenue to decrease is at the lowest level since the first quarter of 2018, and the 5% who describe business conditions as bad is at the lowest level in the survey’s history.
The Commerce Department announced that the trade deficit rose 1.5% from February to a seasonally adjusted $50 billion in March, roughly in line with market estimates. The March number is below the December 2018 high of $59.9 billion, the largest deficit in 10 years.
U.S. government debt yields were lower on Friday as investors considered the impact of trade relations with China. The yield on the 2-year Treasury note was around 2.27%, the benchmark 10-year Treasury note was around 2.47%, and the benchmark 30-year Bond was around 2.89%. The Dow Jones Industrial Average closed the week at 25,942.37, the S&P 500 at 2,881.40, and the Nasdaq Composite at 7,916.94.
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 Better Homes and Gardens Real Estate BloomTree Realty.  

Weekly Update. May 11, 2019.

By popular demand, the Sedona International Film Festival is presenting “Hotel Mumbai” on May 10th through 15th. “Hotel Mumbai” features an award-winning ensemble cast, including Academy Award-nominee Dev Patel, Armie Hammer, Jason Isaacs, Anupam Kher and Nazanin Boniadi. Admission: $12 general admission; $9 for film festival members. Time: 4:00 PM and 7:00 PM. Mary D Fisher Theatre, 2030 W State Route 89A Ste A3 Sedona. For more information call Patrick Schweiss on 928-282-1177.

Mother's Day Brunch. Celebrate the mother in your life with a delightful brunch where she does not have to prepare or clean up!! Mother's deserve the best. Honor your special Mother with a wonderful, relaxing brunch created just for her! Admission: $39.95 adult, $16.95 children (5-12). Time: From: 11:00 AM to 3:00 PM. Poco Diablo Resort, 1752 State Route 179 Sedona. For more information call T.C.'s Bar and Grill, 928-203-5936.

There is a Mother’s Day Piano Solo Concert by David Lieberstein May 12 – Sunday Evening at 7:30 PM in the Great Room. David creates his original compositions that are both relaxing and moving. The intent is to inspire the listeners to find their own inner peace. He will be sharing music from his album, “The Child Within” along with recently inspired pieces. David lives in Marin County, California with his wife and their son. Admission: $20 at the door (A benefit for Sedona Creative Life). Time: From: 7:30 PM to 9:00 PM. Sedona Creative Life Center, 333 Schnebly Hill Rd Sedona. For more information call David Lieberstein at 707-484-0656. Real Estate Information -

Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year, and this week's numbers are,

New Listings:         24    Average: 17.6  (New Listings; Back on Market)
Under Contract:     24    Average: 21.3  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     13     Average: 9.5  (Sold; Closed Escrow) 
Off Market:               7     Average:   5.4  (Canceled; Expired; Temporary Off Market)

Price Reductions:       11     Average   9.4
Price Increases:           1     Average   0.8 

Contract Ratio:  36.90. The average over the last year is 35.60. 

The Average Price per Square Foot of homes that are Under Contract was $291.64 per square foot. The yearly moving average is $325.91 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $272.13 per square foot.

The latest CNBC|SurveyMonkey Small Business Survey gave a of 59, up from 58 in the first quarter 2019. Small business owners are optimistic about the direction of their business over the next 12 months. 56% said business conditions were good, and 60% said they expect revenue to increase in the next year. Those 6% who expect revenue to decrease is at the lowest level since the first quarter of 2018, and the 5% who describe business conditions as bad is at the lowest level in the survey’s history.

The Commerce Department announced that the trade deficit rose 1.5% from February to a seasonally adjusted $50 billion in March, roughly in line with market estimates. The March number is below the December 2018 high of $59.9 billion, the largest deficit in 10 years.

U.S. government debt yields were lower on Friday as investors considered the impact of trade relations with China. The yield on the 2-year Treasury note was around 2.27%, the benchmark 10-year Treasury note was around 2.47%, and the benchmark 30-year Bond was around 2.89%. The Dow Jones Industrial Average closed the week at 25,942.37, the S&P 500 at 2,881.40, and the Nasdaq Composite at 7,916.94.

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 Better Homes and Gardens Real Estate BloomTree Realty.