Weekly Update. October 26th, 2019.
Fall Open Studios is a free, self-guided event celebrating the arts in the greater Verde Valley. The tour provides a unique opportunity to meet over 50 artists in their private studios, working in a variety of mediums. Maps and informative brochures will be available in a number of locations or at our website. Time 10:00 AM to 5:00 PM. Admission free. For more information, call Mike Upp at (503) 789-4437.
October 31 from 5:00 PM to 8:00 PM is Sedona’s Safe & Fun Trick or Treat Uptown. Merchants welcome ghouls and ghosts at store fronts for treats! Community dance performance, safe environment, lots of fun. A Free event presented by the City of Sedona Parks and Recreation Department. Admission free. For more information, call (928) 282-7098.
November 2, 2019 is the Dia de los Muertos Celebration, which celebrates the Mexican tradition that honors friends and family who have passed on. The celebration culminates with a full day of music, food, fire dancing, and more. Everyone is encouraged to place personal memorabilia on the beautiful altars. There will be fun activities for kids and face painting artists working in motifs. Costumes are strongly encouraged! “El Mercado” will feature traditional Day-of-the-Dead food. Tlaquepaque, 336 State Route 179 Sedona. Admission free. Time: 4:00 PM to 8:00 PM. For more information, call (928) 282-4838.
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year, and this week's numbers are,
New Listings:         25    Average: 18.4  (New Listings; Back on Market) 
Under Contract:     24    Average: 22.0  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:       7     Average:  9.2  (Sold; Closed Escrow) 
Off Market:               4     Average:   5.5  (Canceled; Expired; Temporary Off Market)
Price Reductions:        17     Average  11.5
Price Increases:             0     Average    0.7
 
Contract Ratio:  38.20. The average over the last year is 33.50. 
The Average Price per Square Foot of homes that are Under Contract was $290.02 per square foot. The yearly moving average is $305.13 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $282.61 per square foot.
The U.S. Treasury announced that the federal deficit for fiscal 2019 stood at $984 billion, a 26% increase from 2018.This was the widest gap for seven years, exacerbated by Medicare costs and interest payments on the national debt. Corporate tax revenues totaled $230 billion, a 12% increase, and individual tax revenues were $1.7 trillion, a 2% rise. Federal spending rose 8%, to $4.4 trillion, while Receipts rose 4% to a total of $3.4 trillion. The U.S. government collected nearly $71 billion in customs duties, or tariffs, a 70% increase on the year. The deficit amounted to 4.6% of U.S. economic output, an increase of 0.8%.
A U.S. Trade Representative said that the U.S. and China have made progress in trade discussions and have come close to finalizing parts of a phase one deal.
U.S. government debt yields closed the week at higher levels as concerns about the U.S.-China trade deal, Brexit and other issues faded somewhat. The 2-Year was down around 1.58%; the 5-year down around 1.56%; the 10-Year unchanged around 1.76%; the 20-Year up around 2.06%, and the 30-Year up around 2.25%.
The U.S. stock markets all closed higher on the week. The Dow Jones Industrial Average closed at 26,958.06, The S&P 500 at 3,022.55, and The Nasdaq Composite 8,243.12.
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, but not guaranteed. 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. October 26th, 2019.

Fall Open Studios is a free, self-guided event celebrating the arts in the greater Verde Valley. The tour provides a unique opportunity to meet over 50 artists in their private studios, working in a variety of mediums. Maps and informative brochures will be available in a number of locations or at our website. Time 10:00 AM to 5:00 PM. Admission free. For more information, call Mike Upp at (503) 789-4437.

October 31 from 5:00 PM to 8:00 PM is Sedona’s Safe & Fun Trick or Treat Uptown. Merchants welcome ghouls and ghosts at store fronts for treats! Community dance performance, safe environment, lots of fun. A Free event presented by the City of Sedona Parks and Recreation Department. Admission free. For more information, call (928) 282-7098.

November 2, 2019 is the Dia de los Muertos Celebration, which celebrates the Mexican tradition that honors friends and family who have passed on. The celebration culminates with a full day of music, food, fire dancing, and more. Everyone is encouraged to place personal memorabilia on the beautiful altars. There will be fun activities for kids and face painting artists working in motifs. Costumes are strongly encouraged! “El Mercado” will feature traditional Day-of-the-Dead food. Tlaquepaque, 336 State Route 179 Sedona. Admission free. Time: 4:00 PM to 8:00 PM. For more information, call (928) 282-4838.

Real Estate Information - Sedona Single Family Residential Homes ONLY.

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

New Listings:         25    Average: 18.4  (New Listings; Back on Market) 
Under Contract:     24    Average: 22.0  (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:       7     Average:  9.2  (Sold; Closed Escrow) 
Off Market:               4     Average:   5.5  (Canceled; Expired; Temporary Off Market)

Price Reductions:        17     Average  11.5
Price Increases:             0     Average    0.7 

Contract Ratio:  38.20. The average over the last year is 33.50.
 
The Average Price per Square Foot of homes that are Under Contract was $290.02 per square foot. The yearly moving average is $305.13 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $282.61 per square foot.

The U.S. Treasury announced that the federal deficit for fiscal 2019 stood at $984 billion, a 26% increase from 2018.This was the widest gap for seven years, exacerbated by Medicare costs and interest payments on the national debt. Corporate tax revenues totaled $230 billion, a 12% increase, and individual tax revenues were $1.7 trillion, a 2% rise. Federal spending rose 8%, to $4.4 trillion, while Receipts rose 4% to a total of $3.4 trillion. The U.S. government collected nearly $71 billion in customs duties, or tariffs, a 70% increase on the year. The deficit amounted to 4.6% of U.S. economic output, an increase of 0.8%.

A U.S. Trade Representative said that the U.S. and China have made progress in trade discussions and have come close to finalizing parts of a phase one deal.

U.S. government debt yields closed the week at higher levels as concerns about the U.S.-China trade deal, Brexit and other issues faded somewhat. The 2-Year was down around 1.58%; the 5-year down around 1.56%; the 10-Year unchanged around 1.76%; the 20-Year up around 2.06%, and the 30-Year up around 2.25%.

The U.S. stock markets all closed higher on the week. The Dow Jones Industrial Average closed at 26,958.06, The S&P 500 at 3,022.55, and The Nasdaq Composite 8,243.12.

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, but not guaranteed. 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.