Weekly Update. June 29nd, 2019.
Looking forward, there is the 4th of July Wet Fest. Enjoy lunch and music, a swimming pool and water slide fun all surrounded by the spectacular red rocks. This event is free of charge. The pool opens at 12:00 PM for free recreation swim. Just outside the pool gate will be vendors and fun water games to help you beat the heat. Parking will be available in the West Sedona School parking lots. Admission: Free (food not included). Time: From: 12:00 PM to 4:00 PM. Sedona Community Pool, 570 Posse Ground Road, Sedona. 
Sedona Mago Retreat Open House Every Saturday from 8:00 am – 3:00 pm Renew your spirit & Feel the Heart of Mago. Our weekly open house visits include a self-guided tour of Mago’s campus, including sacred vortex sites, Mago Lake & over 170 acres of nature and hiking trails. Plus, learn more about Mago Retreat opportunities & programs! Please note: Mago Retreat Center is located at the end of an 11-mile Forest Service road. Allow for a 30-minute drive from the road entrance to arrive at the gate. Admission: Free. Time: From: 8:00 AM to 3:00 PM. 3500 E Bill Gray Rd Sedona. To RSVP, Call our Welcome Center, 928-204-3391.
The Sedona International Film Festival is presenting two new films. June 28-July 3 “All Is True” which stars Kenneth Branagh (who also directed the film), Judi Dench, and Ian McKellen. In 1613, William Shakespeare retired. He still had one last story to tell — his own. “All Is True” is a portrait of William Shakespeare during the last three years of his life. Also showing is Ron Howard’s acclaimed new film “Pavarotti”, also June 28-July 3. The award-winning filmmaking team behind the hit documentary “The Beatles: Eight Days a Week: The Touring Years” turns to another musical phenomenon with “Pavarotti,” an in-depth, no-holds barred look at the life, career and lasting legacy of the musical icon. 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, 928-282-1177.
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year, and this week's numbers are,
New Listings:         13    Average: 17.9  (New Listings; Back on Market)
Under Contract:     23    Average: 21.0  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     15     Average: 9.2  (Sold; Closed Escrow) 
Off Market:               3     Average:   5.5  (Canceled; Expired; Temporary Off Market)
Price Reductions:         7     Average  10.2
Price Increases:             1     Average    0.8
 
Contract Ratio:  37.40. The average over the last year is 34.30. 
The Average Price per Square Foot of homes that are Under Contract was $302.93 per square foot. The yearly moving average is $322.44 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $274.33 per square foot.
U.S. President Donald Trump and Chinese President Xi Jinping emerged from a side meeting the G-20 summit in Japan with an agreement to proceed with trade talks after escalating tariffs between the two nations threatened to disrupt the world economy. This will be a continuation of the attempt to overhaul the U.S. trade relationship with China.
Market reaction to this saw The Dow Jones Industrial Average rise to close at 26,599.96. This month, the Index has risen more than 7%. The S&P 500 rose to close at 2,941.74, a 6.9% gain in the month. The index has risen more than 17% this year, the largest first-half gain since 1997. The Nasdaq Composite closed at 8,006.24, a rise of 7.4% this month.
The US Treasury markets were little changed. The yield on the 2-Year was around 1.76%; the 5-Year 1.77%; the 10-Year 2.01%, and the 30-Year 2.53%. 
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 29nd, 2019.

Looking forward, there is the 4th of July Wet Fest. Enjoy lunch and music, a swimming pool and water slide fun all surrounded by the spectacular red rocks. This event is free of charge. The pool opens at 12:00 PM for free recreation swim. Just outside the pool gate will be vendors and fun water games to help you beat the heat. Parking will be available in the West Sedona School parking lots. Admission: Free (food not included). Time: From: 12:00 PM to 4:00 PM. Sedona Community Pool, 570 Posse Ground Road, Sedona. 

Sedona Mago Retreat Open House Every Saturday from 8:00 am – 3:00 pm Renew your spirit & Feel the Heart of Mago. Our weekly open house visits include a self-guided tour of Mago’s campus, including sacred vortex sites, Mago Lake & over 170 acres of nature and hiking trails. Plus, learn more about Mago Retreat opportunities & programs! Please note: Mago Retreat Center is located at the end of an 11-mile Forest Service road. Allow for a 30-minute drive from the road entrance to arrive at the gate. Admission: Free. Time: From: 8:00 AM to 3:00 PM. 3500 E Bill Gray Rd Sedona. To RSVP, Call our Welcome Center, 928-204-3391.

The Sedona International Film Festival is presenting two new films. June 28-July 3 “All Is True” which stars Kenneth Branagh (who also directed the film), Judi Dench, and Ian McKellen. In 1613, William Shakespeare retired. He still had one last story to tell — his own. “All Is True” is a portrait of William Shakespeare during the last three years of his life. Also showing is Ron Howard’s acclaimed new film “Pavarotti”, also June 28-July 3. The award-winning filmmaking team behind the hit documentary “The Beatles: Eight Days a Week: The Touring Years” turns to another musical phenomenon with “Pavarotti,” an in-depth, no-holds barred look at the life, career and lasting legacy of the musical icon. 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, 928-282-1177.

Real Estate Information - Sedona Single Family Residential Homes ONLY.

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

New Listings:         13    Average: 17.9  (New Listings; Back on Market)
Under Contract:     23    Average: 21.0  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     15     Average: 9.2  (Sold; Closed Escrow) 
Off Market:               3     Average:   5.5  (Canceled; Expired; Temporary Off Market)

Price Reductions:         7     Average  10.2
Price Increases:            1     Average    0.8 

Contract Ratio:  37.40. The average over the last year is 34.30. 

The Average Price per Square Foot of homes that are Under Contract was $302.93 per square foot. The yearly moving average is $322.44 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $274.33 per square foot.

Following a side meeting at the G-20 Summit, Chinese President Xi Jinping and U.S. President Donald Trump negotiated an agreement to proceed with trade talks after escalating tariffs between the two nations threatened to disrupt the world economy. This will be a continuation of the recent attempts to overhaul the U.S. trade relationship with China.

Market reaction to this saw The Dow Jones Industrial Average rise to close at 26,599.96. This month, the Index has risen more than 7%. The S&P 500 rose to close at 2,941.74, a 6.9% gain in the month. The index has risen more than 17% this year, the largest first-half gain since 1997. The Nasdaq Composite closed at 8,006.24, a rise of 7.4% this month.

The US Treasury markets were little changed. The yield on the 2-Year was around 1.76%; the 5-Year 1.77%; the 10-Year 2.01%, and the 30-Year 2.53%. 

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.