Weekly Update. June 1, 2019.
Volunteer for the Sedona Community Center. Monday, June 3 2019. We would not be able to do what we do without our amazing volunteers! Each day dozens of volunteers help the Sedona Community Center carry out its mission to provide outstanding programs and services to the residents of Sedona. We need: Meals on Wheels drivers; Lunch servers; Lunch greeters; Kitchen helpers; Concierge; TeleCare Callers; Event assistants; Gardeners; Helpers for our big mailing projects. If you have been considering serving on a non-profit board and our mission interests you, let us know. Admission: Free. Time: From: 8:00 AM to 5:00 PM. Sedona Community Center, 2615 Melody Lane, Sedona. For more information call Linda Gray (928) 282-2834. 
Sedona PhotoFest. June 14–16, 2019 at the Sedona Performing Arts Center. Sedona PhotoFest is a series of educational and inspiring presentations on photographic technique, use of digital software and personal artistic perspectives from some of the top photographers in the country. Sedona venues - various. See website. For more information call (928) 282-3809.
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year, and this week's numbers are,
New Listings:         21    Average: 18.0  (New Listings; Back on Market)
Under Contract:     29    Average: 21.3  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     12     Average: 9.3  (Sold; Closed Escrow) 
Off Market:              11     Average:   5.4  (Canceled; Expired; Temporary Off Market)
Price Reductions:        7     Average   10.0
Price Increases:           2     Average   0.8
 
Contract Ratio:  35.70. The average over the last year is 34.80. 
The Average Price per Square Foot of homes that are Under Contract was $285.42 per square foot. The yearly moving average is $325.28 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $273.93 per square foot.
U.S. government debt yields fell sharply following President Donald Trump’s new tariff threats on all Mexican imports. The yield on the benchmark 10-year Treasury note was at around 2.14%. The partial yield curve invertion remained wiyh the yield on the 3-month Treasury bill at 2.35%. The 2-year note was at 1.93%, the lowest level since January 2018.
The Commerce Department announced that the U.S. economy grew by 3.1% in the first quarter, slightly better than market expectations. The first-quarter gross domestic product (GDP) was adjusted lower than the initial 3.2% projection from the Bureau of Economic Analysis, due to downward revisions to nonresidential fixed and private inventory investment.
In an interview with CNBC, Byron Wien, vice chairman of private wealth solutions at Blackstone, said that the U.S. trade fight with China is a “serious” issue, but this ongoing conflict will not cause a recession or a steeper downturn in the stocks amrktes. He said that the S&P 500′s drop of more than 5% this month is part of a “normal correction” in a stock market that is “still in reasonably good shape.” He said he doesn’t expect a bear market, which is typically defined as a drop of 20% or more from a market’s recent peak.
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. June 1, 2019.

Volunteer for the Sedona Community Center. Monday, June 3 2019. We would not be able to do what we do without our amazing volunteers! Each day dozens of volunteers help the Sedona Community Center carry out its mission to provide outstanding programs and services to the residents of Sedona. We need: Meals on Wheels drivers; Lunch servers; Lunch greeters; Kitchen helpers; Concierge; TeleCare Callers; Event assistants; Gardeners; Helpers for our big mailing projects. If you have been considering serving on a non-profit board and our mission interests you, let us know. Admission: Free. Time: From: 8:00 AM to 5:00 PM. Sedona Community Center, 2615 Melody Lane, Sedona. For more information call Linda Gray (928) 282-2834. 

Sedona PhotoFest. June 14–16, 2019 at the Sedona Performing Arts Center. Sedona PhotoFest is a series of educational and inspiring presentations on photographic technique, use of digital software and personal artistic perspectives from some of the top photographers in the country. Sedona venues - various. See website. For more information call (928) 282-3809. 

Real Estate Information - Sedona Single Family Residential Homes ONLY.

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

New Listings:         21    Average: 18.0  (New Listings; Back on Market)
Under Contract:     29    Average: 21.3  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     12     Average: 9.3  (Sold; Closed Escrow) 
Off Market:             11     Average:   5.4  (Canceled; Expired; Temporary Off Market)

Price Reductions:        7     Average   10.0
Price Increases:           2     Average    0.8 

Contract Ratio:  35.70. The average over the last year is 34.80. 

The Average Price per Square Foot of homes that are Under Contract was $285.42 per square foot. The yearly moving average is $325.28 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $273.93 per square foot.

U.S. government debt yields fell sharply following President Donald Trump’s new tariff threats on all Mexican imports. The yield on the benchmark 10-year Treasury note was at around 2.14%. The partial yield curve invertion remained wiyh the yield on the 3-month Treasury bill at 2.35%. The 2-year note was at 1.93%, the lowest level since January 2018.

The Commerce Department announced that the U.S. economy grew by 3.1% in the first quarter, slightly better than market expectations. The first-quarter gross domestic product (GDP) was adjusted lower than the initial 3.2% projection from the Bureau of Economic Analysis, due to downward revisions to nonresidential fixed and private inventory investment.

In an interview with CNBC, Byron Wien, vice chairman of private wealth solutions at Blackstone, said that the U.S. trade fight with China is a “serious” issue, but this ongoing conflict will not cause a recession or a steeper downturn in the stock markets. He said that the S&P 500′s drop of more than 5% this month is part of a “normal correction” in a stock market that is “still in reasonably good shape.” He said he doesn’t expect a bear market, which is typically defined as a drop of 20% or more from a market’s recent peak.

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.