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Sean Baguley

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Sedona Real Estate 11/18/2017

by Sean Baguley

 

Weekly Update. November 18, 2017.
HAPPY THANSGIVING to ALL.
The Sedona International Film Festival is presenting the Northern Arizona premiere of “Loving Vincent” at the Mary D. Fisher Theatre. “Loving Vincent” — the world’s first fully oil painted feature film — brings the artwork of Vincent van Gogh to life in an exploration of the complicated life and controversial death of one of history’s most celebrated artists.
They will also present the next Met Live Opera presentation of Thomas Adès’ “The Exterminating Angel” on Saturday, Nov. 18. There will be two shows that day at the Mary D. Fisher Theatre: 11 a.m. (live simulcast) and 4 p.m. (encore). Plan to come early as John Steinbrunner will lead a pre-opera talk one hour before each production (10 a.m. for the morning show and 3 p.m. for the encore).
You can enjoy Dinner and Dancing at Soundbites Grill while you enjoy some great Blues with Sir Harrison’s Blues Band. The guitar playing is straight from the soul. He’s been compared to Albert Collins, Stevie Ray Vaughn, Jimi Hendrix, Robert Cray, but Sir Harrison’s guitar playing has his own unique sound.
For dancers, Cottonwood Contra Dance are at the Clark Memorial Clubhouse, 39 N. 9th St. (9th & Main) in downtown Clarkdale. Michael Barraclough will teach and call the dances to the tunes of our live band, Just Desserts. Come at 6:30 to learn the basic moves and then dance until 10.   
 
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:        16    Average: 16.6   (New Listings; Back on Market)
Under Contract:    28    Average: 20.6   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    15     Average:  9.1   (Sold; Closed Escrow) 
Off Market:              8     Average:  6.1 (Canceled; Expired; Temporary Off Market)
Price Reductions:      9     Average   9.4
Price Increases:          3     Average    0.7
 
Contract Ratio:  28.70. The average over the last year is 29.40.
The Average Price per Square Foot of homes that are Under Contract was $262.99 per square foot. The yearly moving average is $249.53 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.14 per square foot. 
The Commerce Department announced that Housing starts and building permits jumped to a one-year high in October. Housing starts increased 13.7% to a seasonally adjusted annual rate of 1.29 million units.
This news effected U.S. government debt yields. The yield on the benchmark 10-year Treasury note was at 2.345% and the yield on the 30-year Treasury bond was at 2.786%. Earlier in the day, the 2-year Treasury note yield hit a new high of 1.7250%, its highest level since October 2008 when it yielded 1.77%.
Although the housing market may be adversely effected by the proposed tax plan, there appear to be more buyers in the market, which is boosting confidence among builders. According to the National Association of Home Builders, the home builder sentiment index rose two points in November to 70. This follows a four point rise in October. An index number above fifty is considered positive sentiment. The November number is the highest since March of this year and the second highest on record. The index stood at 63 in November 2016.
The Labor Department announced that Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 249,000 for the week ended Nov. 11. This was the second straight weekly increase. The number of Americans filing for unemployment benefits rose unexpectedly last week as a backlog of applications from Puerto Rico continued to be processed. However, the underlying trend pointed to tightening labor market conditions.
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. November 18, 2017.

          HAPPY THANSGIVING to ALL.

The Sedona International Film Festival is presenting the Northern Arizona premiere of “Loving Vincent” at the Mary D. Fisher Theatre. “Loving Vincent” — the world’s first fully oil painted feature film — brings the artwork of Vincent van Gogh to life in an exploration of the complicated life and controversial death of one of history’s most celebrated artists.

They will also present the next Met Live Opera presentation of Thomas Adès’ “The Exterminating Angel” on Saturday, Nov. 18. There will be two shows that day at the Mary D. Fisher Theatre: 11 a.m. (live simulcast) and 4 p.m. (encore). Plan to come early as John Steinbrunner will lead a pre-opera talk one hour before each production (10 a.m. for the morning show and 3 p.m. for the encore).

You can enjoy Dinner and Dancing at Soundbites Grill while you enjoy some great Blues with Sir Harrison’s Blues Band. The guitar playing is straight from the soul. He’s been compared to Albert Collins, Stevie Ray Vaughn, Jimi Hendrix, Robert Cray, but Sir Harrison’s guitar playing has his own unique sound.

For dancers, Cottonwood Contra Dance are at the Clark Memorial Clubhouse, 39 N. 9th St. (9th & Main) in downtown Clarkdale. Michael Barraclough will teach and call the dances to the tunes of our live band, Just Desserts. Come at 6:30 to learn the basic moves and then dance until 10.    

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:        16    Average: 16.6   (New Listings; Back on Market)
Under Contract:    28    Average: 20.6   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    15     Average:  9.1   (Sold; Closed Escrow) 
Off Market:              8     Average:  6.1 (Canceled; Expired; Temporary Off Market)

Price Reductions:      9     Average   9.4
Price Increases:         3     Average    0.7 

Contract Ratio:  28.70. The average over the last year is 29.40.

The Average Price per Square Foot of homes that are Under Contract was $262.99 per square foot. The yearly moving average is $249.53 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.14 per square foot. 

The Commerce Department announced that Housing starts rose to a one-year high in October. Housing starts increased 13.7% to a seasonally adjusted annual rate of 1.29 million units.

This news effected U.S. government debt yields. The yield on the benchmark 10-year Treasury note was at 2.345% and the yield on the 30-year Treasury bond was at 2.786%. Earlier in the day, the 2-year Treasury note yield hit a new high of 1.7250%, its highest level since October 2008 when it yielded 1.77%.

Although the housing market may be adversely effected by the proposed tax plan, there appear to be more buyers in the market, which is boosting confidence among builders. According to the National Association of Home Builders, the home builder sentiment index rose two points in November to 70. This follows a four point rise in October. An index number above fifty is considered positive sentiment. The November number is the highest since March of this year and the second highest on record. The index stood at 63 in November 2016.

The Labor Department announced that Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 249,000 for the week ended November 11. This was the second straight weekly increase. The number of Americans filing for unemployment benefits rose unexpectedly last week as a backlog of applications from Puerto Rico continued to be processed. However, the underlying trend pointed to tightening labor market conditions.

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 11/11/2017

by Sean Baguley

 

Weekly Update. November 11, 2017.
Today is Veterans' Day and we honor those who served and are still with us, and also those who gave their lives. They gave their tomorrows so we could have our today.
Today in Sedona there is the Open Studios Tour. This is a free self-guided event that runs daily from 10 a.m.-5 p.m. The tour is an opportunity for art lovers to visit with professional artists in their personal working environments, as well as purchase art.
In the Village of Oak Creek there is the Oak Creek Arts and Crafts Show. This is at The Sedona Vista Village (used to be the Outlet Mall), and has over 40 artists, local, southwest and beyond, displaying their pieces.
In nearby Cottonwood, you can enjoy live music, art, retail vendors, Arizona wine, and classic cars from 11 a.m. to 5 p.m. This is a free, family-friendly, community event for all surrounded by the charming galleries, shops and local restaurants of Main Street in Old Town. Verde Valley Wine Consortium hosts the wine tent.  
 
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: 16.6   (New Listings; Back on Market)
Under Contract:    23    Average: 20.5   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     7     Average:  8.8   (Sold; Closed Escrow) 
Off Market:              5     Average:  6.1 (Canceled; Expired; Temporary Off Market)
Price Reductions:    12     Average   9.4
Price Increases:          0     Average    0.6
 
Contract Ratio:  30.10. The average over the last year is 29.4.
The Average Price per Square Foot of homes that are Under Contract was $256.59 per square foot. The yearly moving average is $249.10 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.52 per square foot. Activity in the Sedona market seems to be slowing down slightly, as we head towards Thanksgiving and the Holidays. However, any home that is in good condition, and fairly priced, seems to fly off the shelf.
U.S. government debt yields rose on Friday, after fresh consumer sentiment data missed expectations; tax reform remained in focus.
The University of Michigan's index of consumer attitudes fell to 97.8 in November. Commentators were expecting there to be no change from the 100.7 level at the end of October. The measure has risen to 101.1 the second week of October, the highest level since 2004, but has drifted lower since then.
News emerged that a corporate tax cut could be delayed until 2019. The proposed plan would reduce the corporate tax rate from 35% to 20%. This news brought stocks slightly lower.
In the government bond markets, the yield on the benchmark 10-year Treasury note climbed to 2.398%, while the yield on the 30-year Treasury bond was higher at 2.88%. This is its highest level since the beginning of November.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. November 11, 2017.

Today is Veterans' Day and we honor those who served and are still with us, as well as those who gave their lives. They gave their tomorrows so we could have our today.

Today in Sedona there is the Open Studios Tour. This is a free self-guided event that runs daily from 10 a.m.-5 p.m. The tour is an opportunity for art lovers to visit with professional artists in their personal working environments, as well as to purchase some art.

In the Village of Oak Creek there is the Oak Creek Arts and Crafts Show. This is at The Sedona Vista Village (used to be the Outlet Mall). It has over 40 artists, local and southwest, displaying their wares.

In nearby Cottonwood, you can enjoy live music, art, retail vendors, Arizona wine, and classic cars from 11 a.m. to 5 p.m. Walking On Main is a free, family-friendly, community event for all, and you can enjoy the galleries, shops and local restaurants of Main Street in Old Town Cottonwood. Verde Valley Wine Consortium hosts the wine tent.
   

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: 16.6   (New Listings; Back on Market)
Under Contract:    23    Average: 20.5   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     7     Average:  8.8   (Sold; Closed Escrow) 
Off Market:              5     Average:  6.1 (Canceled; Expired; Temporary Off Market)

Price Reductions:     12     Average   9.4
Price Increases:          0     Average    0.6 

Contract Ratio:  30.10. The average over the last year is 29.40.

The Average Price per Square Foot of homes that are Under Contract was $256.59 per square foot. The yearly moving average is $249.10 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.52 per square foot.

Activity in the Sedona market seems to be slowing down slightly, as we head towards Thanksgiving and the Holidays. However, any home that is in good condition, and fairly priced, seems to fly off the shelf.

The University of Michigan's index of consumer attitudes fell to 97.8 in November. Market commentators were expecting there to be no change from the 100.7 level at the end of October. The index had risen to 101.1, in the second week of October. This was the highest level since 2004, but it has drifted lower since then.

News emerged that the administration's proposed corporate tax cut could be delayed until 2019. The plan would reduce the corporate tax rate from 35% to 20%. This news disappointed the markets and brought stocks slightly lower.

In the government bond markets, the yield on the benchmark 10-year Treasury note climbed to 2.398%, while the yield on the 30-year Treasury bond was higher at 2.88%. This is its highest level since the beginning of November.

If you know 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 11/04/2017

by Sean Baguley

 

Weekly Update. November 4, 2017.
The Sedona International Film Festival is presenting the Northern Arizona premiere of “The King’s Choice”, Norway’s official Academy Award entry for Best Foreign Language Film. Showings are Nov. 3-8 at the Mary D. Fisher Theatre. 
The Sedona art scene has the Lanning Gallery and Turquoise Tortoise Gallery putting on an Artist’s Reception November 3rd, 5-8 pm. “David Johns: Spirit of Creation” honors the celebrated Native American artist. As a special treat, Phoenix-based oil painter Larisa Aukon will unveil 10 new paintings at Rowe Fine Art Gallery during "Color Outside the Box." 
Arizona has an increasing reputation in the wine industry in recent years. Taste of the Verde Valley is an opportunity to sample the area product. In addition to the wonderful wines and food, artists and artisans will display works for sale. There will also be on-site cigar rolling demonstrations. It iis being held at Cliff Castle Casino.
 
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: 16.6   (New Listings; Back on Market)
Under Contract:   21    Average: 20.4   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    14     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             5     Average:  6.1 (Canceled; Expired; Temporary Off Market)
Price Reductions:   10     Average   9.3
Price Increases:          0     Average    0.6
 
Contract Ratio:  28.40. The average over the last year is 29.3.
The Average Price per Square Foot of homes that are Under Contract was $251.33 per square foot. The yearly moving average is $248.82 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.16 per square foot.
The Department of Labor announced the addition of 261,000 jobs in October and an unemployment rate of 4.1% as labor conditions returned to normal following the storm-weakened September. The jobs number was below market expectations of 310,000, while the unemployment rate was marginally better than the expected 4.2%. The broader measure of joblessness that includes discouraged workers and those at work part-time was down sharply from 8.3% to 7.9%. Just a year ago it stood at 9.5%.
The Labor Department also announced that U.S. worker productivity in the third quarter increased at its fastest pace in three years. The number of people filing for unemployment benefits also fell to a near 44-1/2-year low. This was taken as further evidence of a tightening labor market.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. November 4, 2017.

The Sedona International Film Festival is presenting the Northern Arizona premiere of “The King’s Choice”, Norway’s official Academy Award entry for Best Foreign Language Film. Showings are Nov. 3-8 at the Mary D. Fisher Theatre. 

The Sedona art scene has the Lanning Gallery and Turquoise Tortoise Gallery putting on an Artist’s Reception November 3rd, 5-8 pm. “David Johns: Spirit of Creation” honors the celebrated Native American artist. As a special treat, Phoenix-based oil painter Larisa Aukon will unveil 10 new paintings at Rowe Fine Art Gallery.  The show is entitled "Color Outside the Box." 

Arizona has an increasing reputation in the wine industry in recent years. Taste of the Verde Valley is an opportunity to sample the area's products. In addition to the wonderful wines and food, artists and artisans will display works for sale. There will also be on-site cigar rolling demonstrations. This event is being held at Cliff Castle Casino

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: 16.6   (New Listings; Back on Market)
Under Contract:    21    Average: 20.4   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    14     Average:  8.8   (Sold; Closed Escrow) 
Off Market:              5     Average:  6.1 (Canceled; Expired; Temporary Off Market)

Price Reductions:     10     Average   9.3
Price Increases:          0     Average    0.6 

Contract Ratio:  28.40. The average over the last year is 29.3.

The Average Price per Square Foot of homes that are Under Contract was $251.33 per square foot. The yearly moving average is $248.82 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.16 per square foot.

The Department of Labor announced the addition of 261,000 jobs in October along with an unemployment rate of 4.1% as labor conditions normalized following storm-weakened September. The jobs number was below the market expectations of 310,000, while the unemployment rate was marginally better than the expected 4.2%. The broader measure of joblessness that includes discouraged workers and those at work part-time was down sharply to 7.9% from 8.3%. Just a year ago it stood at 9.5%.

The Labor Department also announced that U.S. worker productivity in the third quarter increased at its fastest pace in three years. The number of people filing for unemployment benefits also fell to a near 44-1/2-year low. This was taken as further evidence of a tightening labor market.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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 10/28/2017

by Sean Baguley

 

Weekly Update. October 28, 2017.
October 28th is a busy day. In the courtyards of Tlaquepaque, make an offering at the Celebration of Dia de los Muertos. Music, food and beautiful altars will be on view starting at 2:00 p.m. 
At The Collective, in the Village, there is an amazing event featuring Thought Reader, Bill Gladwell. During his 75-minute performance, Bill will seemingly pull thoughts directly from your mind. 
Meanwhile, at The Sedona Heritage Museum author Michael Peach will give a special and spooky performance of “Haunted History”.
You can always enjoy a trip on the Verde Canyon Railroad, which has a number of events for your enjoyment.
 
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: 16.5   (New Listings; Back on Market)
Under Contract:   20    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     7     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             2     Average:  6.3 (Canceled; Expired; Temporary Off Market)
Price Reductions:    9     Average   9.4
Price Increases:          1     Average    0.6
 
Contract Ratio:  33.20. The average over the last year is 29.1.
The Average Price per Square Foot of homes that are Under Contract was $254.13 per square foot. The yearly moving average is $248.88 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.16 per square foot.
The Commerce Department announced that GDP increased at a 3.0% annual rate in the third quarter, following a 3.1% increase in the second quarter. This was higher than market expectations, which were lower due to estimates of losses due to hurricanes Harvey and Irma. 
The continuing strength od the economy suggets that the Fed may raise interest rates again, for the third time this year, in December.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. October 28, 2017.

October 28th is a busy day. In the courtyards of Tlaquepaque, make an offering at the Celebration of Dia de los Muertos. Music, food and beautiful altars will be on view starting at 2:00 p.m. 

At the Collective, in the Village, there is an amazing event featuring Thought Reader, Bill Gladwell. During his 75-minute performance, Bill will seemingly pull thoughts directly from your mind. 

Meanwhile, at The Sedona Heritage Museum author Michael Peach will give a special and spooky performance of “Haunted History”.

You can always enjoy a trip on the Verde Canyon Railroad, which has a number of events for your enjoyment. 

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: 16.5   (New Listings; Back on Market)
Under Contract:   20    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     7     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             2     Average:  6.3 (Canceled; Expired; Temporary Off Market)

Price Reductions:      9     Average   9.4
Price Increases:          1     Average    0.6 

Contract Ratio:  33.20. The average over the last year is 29.1.

The Average Price per Square Foot of homes that are Under Contract was $254.13 per square foot. The yearly moving average is $248.88 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $241.16 per square foot.

The Commerce Department announced that GDP increased at a 3.0% annual rate in the third quarter, following a 3.1% increase in the second quarter. This was higher than market expectations, which were lower due to estimates of losses due to hurricanes Harvey and Irma. 

The continuing strength od the economy suggets that the Fed may raise interest rates again, for the third time this year, in December.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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 10/21/2017

by Sean Baguley

 

Weekly Update. October 21, 2017.
Today, in the Village's Majestic Theater, there is The Golden Age of Jazz & Legendary Ladies. As we approach Halloween, from October 24 to October 28 in Tlaquepaque Arts and Crafts Village, there is The Mural Marigold Project for Dia de Los Muertos.
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: 16.7   (New Listings; Back on Market)
Under Contract:   22    Average: 20.4   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     9     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             4     Average:  6.3 (Canceled; Expired; Temporary Off Market)
Price Reductions:    8     Average   9.6
Price Increases:          1     Average    0.6
 
Contract Ratio:  32.10. The average over the last year is 28.9.
The Average Price per Square Foot of homes that are Under Contract was $255.89 per square foot. The yearly moving average is $248.79 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.09 per square foot.
The yields on U.S. government debt rose last week following comments from the U.S. Federal Reserve and Janet Yellen. The yield on the 10-year Treasury rose to around 2.374%, and the yield on the 30-year Treasury bond increased to about 2.894%.
The  Labor Department announced that the number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years. This was a rebound following the decline in employment in September due to hurricanes. Initial claims for state unemployment benefits fell 22,000 to a seasonally adjusted 222,000 for the week ended Oct. 14, the lowest level since March 1973. The decrease in claims was the largest since April.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. October 21, 2017.

Today, in the Village's new Majestic Theater, there is The Golden Age of Jazz & Legendary Ladies.

As we approach Halloween, from October 24 to October 28 in Tlaquepaque Arts and Crafts Village, there is The Mural Marigold Project for Dia de Los Muertos.

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: 16.7   (New Listings; Back on Market)
Under Contract:   22    Average: 20.4   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     9     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             4     Average:  6.3 (Canceled; Expired; Temporary Off Market)

Price Reductions:       8     Average   9.6
Price Increases:          1     Average    0.6 

Contract Ratio:  32.10. The average over the last year is 28.9.

The Average Price per Square Foot of homes that are Under Contract was $255.89 per square foot. The yearly moving average is $248.79 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $240.09 per square foot.

The yields on U.S. government debt rose last week following comments from the U.S. Federal Reserve and Janet Yellen. The yield on the 10-year Treasury rose to around 2.374%, and the yield on the 30-year Treasury bond increased to about 2.894%.

The  Labor Department announced that the number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years. This was a rebound following the decline in employment in September due to hurricanes. Initial claims for state unemployment benefits fell 22,000 to a seasonally adjusted 222,000 for the week ended Oct. 14, the lowest level since March 1973. The decrease in claims was the largest since April.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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 10/14/2017

by Sean Baguley

Weekly Update. October 14, 2017.
Today, there are Guided Bird Walks at Red Rock State Park between 8:00 AM and 10:00 AM. These walks are also on Wednesdays, as well as Saturdays, and bird enthusiasts have a chance to join a naturalist for a guided walk appropriate for beginner and advanced birders. Please try and arrive a little early and join the leader on the viewing deck above the visitor center. Please bring your own binoculars. There is no charge for the guided bird walk, but park entrance fees do apply.
While they have a wine tasting on Saturdays, Vino di Sedona is celebrating three years tomorrow, Sunday 15. They'll be cooking out on the patio 4:00 to 6:00 PM, and the Sunday Night entertainment is by Black & Skabuddah, from 6:00 to 9:00 PM.  
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: 16.7   (New Listings; Back on Market)
Under Contract:   18    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     5     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             9     Average:  6.4 (Canceled; Expired; Temporary Off Market)
Price Reductions:     13     Average   9.8
Price Increases:          1     Average    0.6
 
Contract Ratio:  32.50. The average over the last year is 28.7.
The Average Price per Square Foot of homes that are Under Contract was $258.70 per square foot. The yearly moving average is $248.73 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.72 per square foot.
The Commerce Department announced that U.S. retail sales sales rose 1.6% in September following August's fall of 0.2%  This was the biggest increase in two and a half.
The Labor Department announced that U.S. Consumer Price Index rose 0.5% in September following an increase of 0.4% in August. The September increase was the largest in eight months due to rises in gasoline prices following hurricane-related production disruptions at oil refineries in the Gulf Coast area. However, underlying inflation remains muted with the year-on-year gain in the September CPI rising to 2.2% from 1.9% in August.
Following another round of economic data, U.S. government debt yields fell on Friday. The yield on the benchmark 10-year Treasury note was around 2.277%, and the yield on the 30-year Treasury bond stood at 2.81%. The 10-year Treasury note yield was close to 2.273%, its lowest level since September 27, when it yielded 2.237%.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. October 14, 2017.

Today, there are Guided Bird Walks at Red Rock State Park between 8:00 AM and 10:00 AM. These walks are also on Wednesdays, as well as Saturdays, and bird enthusiasts have a chance to join a naturalist for a guided walk appropriate for beginner and advanced birders. Please try and arrive a little early and join the leader on the viewing deck above the visitor center. Please bring your own binoculars. There is no charge for the guided bird walk, but park entrance fees do apply.

While they have a wine tasting on Saturdays, Vino di Sedona is celebrating three years tomorrow, Sunday 15. They'll be cooking out on the patio 4:00 to 6:00 PM, and the Sunday Night entertainment is by Black & Skabuddah, from 6:00 to 9:00 PM.  

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: 16.7   (New Listings; Back on Market)
Under Contract:   18    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     5     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             9     Average:  6.4 (Canceled; Expired; Temporary Off Market)

Price Reductions:     13     Average   9.8
Price Increases:          1     Average    0.6 Contract Ratio:  32.50. The average over the last year is 28.7.

The Average Price per Square Foot of homes that are Under Contract was $258.70 per square foot. The yearly moving average is $248.73 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.72 per square foot.

The Commerce Department announced that U.S. retail sales sales rose 1.6% in September following August's fall of 0.2%  This was the biggest increase in two and a half.

The Labor Department announced that U.S. Consumer Price Index rose 0.5% in September following an increase of 0.4% in August. The September increase was the largest in eight months due to rises in gasoline prices following hurricane-related production disruptions at oil refineries in the Gulf Coast area. However, underlying inflation remains muted with the year-on-year gain in the September CPI rising to 2.2% from 1.9% in August.

Following another round of economic data, U.S. government debt yields fell on Friday. The yield on the benchmark 10-year Treasury note was around 2.277%, and the yield on the 30-year Treasury bond stood at 2.81%. The 10-year Treasury note yield was close to 2.273%, its lowest level since September 27, when it yielded 2.237%.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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 10/07/2017

by Sean Baguley

 

Weekly Update. October 7, 2017.
Starting yesterday, and finishing on October 8 at the Sedona Creative Life Center, is the Women's Success SummitFor the next two days, starting at 1:00 PM. Also running over this week end is the Sedona Arts Festival at the Sedona Red Rock High School. The event runs from 9:00 AM until 4:00 PM both days.
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: 16.9   (New Listings; Back on Market)
Under Contract:   23    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     5     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             8     Average:  6.3 (Canceled; Expired; Temporary Off Market)
Price Reductions:     19     Average   9.9
Price Increases:          1     Average    0.6
 
Contract Ratio:  31.40. The average over the last year is 28.4.
The Average Price per Square Foot of homes that are Under Contract was $259.66 per square foot. The yearly moving average is $248.60 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.66 per square foot.
Markets were prepared for a weak jobs number in September, because of hurricanes Harvey and Irma, but in the event, the Bureau of Labor Statistics reported a loss of 33,000 jobs for the month. Apart from the weather, there were some other interesting numbers. The total labor force increased 575,000 to its highest level ever. The employment-to-population ratio rose to 60.4%, the best level since January 2009. The labor force participation rate rose to 63.1%, the highest since March 2014, and the unemployment rate decline to 4.2%, the lowest in 16½ years. 
Average hourly earnings increased 2.9% percent, or 12 cents an hour. This number tied with July for the biggest monthly jump since June 2007. This increase is above the Federal Reserve's 2% target for inflation, and bond yields rose accordingly. The 2-year Treasury note yield increased to 1.52%, its highest since 2008, with the 2-year note yield yield rising to 1.508%. The 10-year yield closed at 2.364%, while the yield on the 30-year Treasury bond was up slightly at 2.9%. This steepening of the yield curve anticipates the Fed raisning rates.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. October 7, 2017.

Starting yesterday, and finishing on October 8 at the Sedona Creative Life Center, is the Women's Success Summit. For the next two days the event starts at 1:00 PM. Also running over this week end is the Sedona Arts Festival at the Sedona Red Rock High School. The event runs from 9:00 AM until 4:00 PM both days.

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: 16.9   (New Listings; Back on Market)
Under Contract:   23    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     5     Average:  8.8   (Sold; Closed Escrow) 
Off Market:             8     Average:  6.3 (Canceled; Expired; Temporary Off Market)

Price Reductions:     19     Average   9.9
Price Increases:          1     Average    0.6 

Contract Ratio:  31.40. The average over the last year is 28.4.

The Average Price per Square Foot of homes that are Under Contract was $259.66 per square foot. The yearly moving average is $248.60 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.66 per square foot.

Markets were prepared for a weak jobs number in September, because of hurricanes Harvey and Irma, but in the event, the Bureau of Labor Statistics reported a loss of 33,000 jobs for the month. Apart from the weather, there were some other interesting numbers. The total labor force increased 575,000 to its highest level ever. The employment-to-population ratio rose to 60.4%, the best level since January 2009. The labor force participation rate rose to 63.1%, the highest since March 2014, and the unemployment rate decline to 4.2%, the lowest in 16½ years. 

Average hourly earnings increased 2.9% percent, or 12 cents an hour. This number tied with July for the biggest monthly rise since June 2007. This increase is above the Federal Reserve's 2% target for inflation, and bond yields reacted accordingly. The 2-year Treasury note yield increased to 1.52%, its highest since 2008, and the 2-year note yield rose to 1.508%. The 10-year yield closed at 2.364%, while the yield on the 30-year Treasury bond was up slightly at 2.9%. This steepening of the yield curve anticipates the Fed raising short term rates again. Timing may depend on who the president appoints to Chair the Federal Reserve Board over the next week or so.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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 09/30/2017

by Sean Baguley

 

Weekly Update. September 30, 2017.
For the next two days, at Heritage Square (111 W Birch Ave.) just up the road in Flagstaff, there is the 8th Annual Hopi Arts & Cultural Festival, which is a free event for the whole family. It is a celebration of Hopi culture, which includes social dances, music and traditional and contemporary art.
The Sedona Weather is wonderful. We enjoy a temperate semi-arid climate with the coldest month being January (average High, 56 F (13 C); average Low 31 F (minus 1/2 C)), and the warmest being July (average High 97 F (36 C); average low of 64 F (18 C). Even on the warmest days, as we are out in the countryside, the evening temperatures fall sufficiently for you to sit outside and enjoy the sunsets. The majority of the rainfall, which averages 18.94 inches a year, happens in the first quarter, January/March (monthly average of 2.25 inches), and then July/September, when the "Monsoon" hits us, (monthly average of 1.82 inches). The lightning storms over "Thunder Mountain" during the "Monsoon" are spectacular.  
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: 17.0   (New Listings; Back on Market)
Under Contract:   22    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    10     Average:  9.0   (Sold; Closed Escrow) 
Off Market:             7     Average:  6.3 (Canceled; Expired; Temporary Off Market)
Price Reductions:     12     Average   9.8
Price Increases:         2     Average    0.6
 
Contract Ratio:  25.20. The average over the last year is 28.2.
The Average Price per Square Foot of homes that are Under Contract was $261.76 per square foot. The yearly moving average is $248.45 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.60 per square foot.
White House economic advisor Gary Cohn announced details of the Republican-sponsored tax reform proposal, saying that middle-income families will see real benefits as a "basic core premise". To illustrate this, Cohn said a family of four with an income of $100,000 a year would see an annual tax savings of about $1,000. The oppostion have criticised the tax plan for raising the bottom tax rate, saying it effectively creates a tax for the poor. In response, Gary Cohn said lower-income filers will actually receive a tax cut due to a doubling of the standard deduction that most workers can take.
The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years. However, market commentators expect the economy slowed in the third quarter due to Hurricanes Harvey and Irma. The Commerce Department announced that Gross Domestic Product increased at a 3.1% annual rate in the April-June period. The upward revision from the 3.0% rate of growth reported last month resulted from a slightly faster pace of inventory investment. Growth last quarter was the quickest since the first quarter of 2015 and followed 1.2% in the January-March period.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. September 30, 2017.

For the next two days, at Heritage Square (111 W Birch Ave.) just up the road in Flagstaff, there is the 8th Annual Hopi Arts & Cultural Festival, which is a free event for the whole family. It is a celebration of Hopi culture, which includes social dances, music and traditional and contemporary art.

The Sedona Weather is wonderful, as we enjoy a temperate semi-arid climate. The coldest month being January (average High, 56 F (13 C); average Low 31 F (minus 1/2 C)), and the warmest being July (average High 97 F (36 C); average low of 64 F (18 C). Even on the warmest days, as we are out in the countryside, the evening temperatures fall sufficiently for you to sit outside and enjoy the sunsets. The majority of the rainfall, which averages 18.94 inches a year, happens in the first quarter, January/March (monthly average of 2.25 inches), and then July/September, when the "Monsoon" hits us, (monthly average of 1.82 inches). The lightning storms over "Thunder Mountain" during the "Monsoon" are spectacular.

Also coming up soon, October 14 to 21 is the 13th Annual Sedona Plein Air Festival, a week-long celebration of extraordinary landscapes, world-renowned artists, unique workshops, and wonderful free events.

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: 17.0   (New Listings; Back on Market)
Under Contract:   22    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:    10     Average:  9.0   (Sold; Closed Escrow) 
Off Market:             7     Average:  6.3 (Canceled; Expired; Temporary Off Market)

Price Reductions:     12     Average   9.8
Price Increases:          2     Average    0.6 

Contract Ratio:  25.20. The average over the last year is 28.2.

The Average Price per Square Foot of homes that are Under Contract was $261.76 per square foot. The yearly moving average is $248.45 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.60 per square foot.

White House economic advisor Gary Cohn announced details of the Republican-sponsored proposed tax reform, saying that middle-income families will see real benefits as a "basic core premise". To illustrate this, Cohn said a family of four with an income of $100,000 a year would see an annual tax savings of about $1,000. The oppostion have criticised the tax plan for raising the bottom tax rate, saying it effectively creates a tax for the poor. In response, Gary Cohn said lower-income filers will actually receive a tax cut due to a doubling of the standard deduction that most workers can take.

The U.S. economy grew more than previously estimated in the second quarter, thus recording its fastest pace in more than two years. However, market commentators expect the economy slowed in the third quarter due to Hurricanes Harvey and Irma. The Commerce Department announced that Gross Domestic Product increased at a 3.1% annual rate in the April-June period. The upward revision from the 3.0% rate of growth reported last month was as a result of a slightly faster pace in inventory investment. Growth last quarter was the quickest since the first quarter of 2015 and followed 1.2% in the January-March period.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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 09/23/2017

by Sean Baguley

 

Weekly Update. September 23, 2017.
The Audubon Society has designated Red Rock State Park as an Important Birding Area (IBA) because of the many species that live or visit here. Today, bird enthusiasts can join a naturalist for a guided walk appropriate for beginner and advanced birders. (Yearly Bird Hike Times: 9:00 A.M. Dec. Jan. Feb., 8:00 A.M. Mar. Apr. May Sept. Oct. Nov., 7:00 A.M. June July Aug.)
Tomorrow, why not enjoy dinner and a magic show, featuring award winning Magician Eric Giliam. The former World Teen Magic Champion has amazed hundreds of audiences performing his high energy show of magic, laughter, fascination, and crowd participation.
Real Estate Information - Sedona Single Family Residential Homes ONLY.
All the Averages are for 1 year.
This week's numbers are,
New Listings:     22    Average: 16.8   (New Listings; Back on Market)
Under Contract:   22    Average: 20.4   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     6     Average:  9.1   (Sold; Closed Escrow) 
Off Market:            5     Average:  6.5 (Canceled; Expired; Temporary Off Market)
Price Reductions:     11     Average   9.9
Price Increases:         1     Average    0.6
 
Contract Ratio:  24.70. The average over the last year is 28.2.
The Average Price per Square Foot of homes that are Under Contract was $254.02 per square foot. The yearly moving average is $248.17 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.40 per square foot.
On the interest rate front, the Federal Reserve said that it sees the federal funds rate at 1.4% by the end of 2017, which is unchanged from its June forecast. The Fed's projection for 2018 is that its benchmark rate will be at 2.1%. The Fed lowered its 2019 outlook for the federal funds rate from its June projection of 2.9%, and is now forecasting the benchmark rate to be 2.7% by the end of 2019.
The National Association of Realtors said that existing-home sales fell in August for the fourth time in five months as lower supply subdues overall activity. Completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 1.7% to a seasonally adjusted annual rate of 5.35 million in August from 5.44 million in July. Last month's pace of sales pace was 0.2% above August lst year, and is the lowest since then.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. September 23, 2017.

The Audubon Society has designated Red Rock State Park as an Important Birding Area (IBA) because of the many species that live or visit here. Today, bird enthusiasts can join a naturalist for a guided walk appropriate for beginner and advanced birders. (Yearly Bird Hike Times: 9:00 A.M. Dec. Jan. Feb., 8:00 A.M. Mar. Apr. May Sept. Oct. Nov., 7:00 A.M. June July Aug.)

Tomorrow, you can enjoy dinner and a magic show at the Blazin' M Ranch featuring award winning Magician Eric Giliam. The former World Teen Magic Champion has amazed hundreds of audiences performing his high energy show of magic, laughter, fascination, and crowd participation.

Real Estate Information - Sedona Single Family Residential Homes ONLY.

All the Averages are for 1 year.

This week's numbers are,

New Listings:       22    Average: 16.8   (New Listings; Back on Market)
Under Contract:   22    Average: 20.4   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     6     Average:  9.1   (Sold; Closed Escrow) 
Off Market:            5     Average:  6.5 (Canceled; Expired; Temporary Off Market)

Price Reductions:     11     Average   9.9
Price Increases:          1     Average    0.6 

Contract Ratio:  24.70. The average over the last year is 28.2.

The Average Price per Square Foot of homes that are Under Contract was $254.02 per square foot. The yearly moving average is $248.17 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.40 per square foot.

On the interest rate front, the Federal Reserve said that it sees the federal funds rate at 1.4% by the end of 2017. This is unchanged from its June forecast. The Fed's projection for 2018 is that its benchmark rate will be at 2.1%. The Fed also lowered its 2019 outlook for the federal funds rate from its June projection of 2.9%, and is now forecasting the benchmark rate to be 2.7% by the end of 2019.

The National Association of Realtors said that existing-home sales fell in August for the fourth time in five months as lower supply subdued overall activity. Completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 1.7% to a seasonally adjusted annual rate of 5.35 million in August from 5.44 million in July. Last month's pace of sales pace was 0.2% above August lst year, and is the lowest since that date.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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 09/16/2017

by Sean Baguley

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: 16.7   (New Listings; Back on Market)
Under Contract:   19    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     7     Average:  9.2   (Sold; Closed Escrow) 
Off Market:            6     Average:  6.5 (Canceled; Expired; Temporary Off Market)
Price Reductions:     11     Average   10.0
Price Increases:         1     Average    0.6
 
Contract Ratio:  24.80. The average over the last year is 28.3.
The Average Price per Square Foot of homes that are Under Contract was $254.75 per square foot. The yearly moving average is $247.88 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.91 per square foot.
The Federal Reserve said that U.S. industrial output fell in August for the first time since January as Hurricane Harvey battered oil, gas and chemical plants along the Gulf Coast and a cool summer sapped utility demand in the east. Overall industrial production fell 0.9% over the month after an increase in July that was revised upward to 0.4%.
The Commerce Department announced that U.S. retail sales unexpectedly fell in August as motor vehicle purchases fell, suggesting that consumer spending has moderated in the third quarter. Retail sales fell 0.2% last month. Data for July was revised to show an increase of 0.3% against the previously reported 0.6%. Apparently, Hurricane Harvey was to blame, again.
Equifax reported that potentially 143 million could be effected by the data breach, which it said was discovered on July 29. CNBC report that SEC filings show that three Equifax executives sold nearly $2 million in shares in the company days after the cyberattack was discovered. It was unclear whether their share sales had anything to do with the breach.
The costs associated with freezing your Credit Report can be found here.
Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.
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. September 16, 2017.

Today is Sedona Airport Day, from 9:00 AM until 3:00 PM. Admission and parking is free. The event will feature tons of exhibits including cool classic automobiles, trucks, and aircraft of all vintages; including former military, antique, home-built, and brand new aircraft.

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: 16.7   (New Listings; Back on Market)
Under Contract:   19    Average: 20.3   (Active-Contingency Removal; Pending-Take Backup; Pending) 
Closed Escrow:     7     Average:  9.2   (Sold; Closed Escrow) 
Off Market:            6     Average:  6.5 (Canceled; Expired; Temporary Off Market)

Price Reductions:     11     Average   10.0
Price Increases:         1     Average    0.6 

Contract Ratio:  24.80. The average over the last year is 28.3.

The Average Price per Square Foot of homes that are Under Contract was $254.75 per square foot. The yearly moving average is $247.88 per square foot. For those homes that Closed Escrow this week, the yearly moving average was $239.91 per square foot.

The Federal Reserve said that U.S. industrial output fell in August for the first time since January as Hurricane Harvey battered oil, gas and chemical plants along the Gulf Coast and a cool summer sapped utility demand in the east. Overall industrial production fell 0.9% over the month after an increase in July that was revised upward to 0.4%.

The Commerce Department announced that U.S. retail sales unexpectedly fell in August as motor vehicle purchases fell, suggesting that consumer spending has moderated in the third quarter. Retail sales fell 0.2% last month. Data for July was revised to show an increase of 0.3% against the previously reported 0.6%. Apparently, Hurricane Harvey was to blame, again.

Equifax reported that potentially 143 million consumers could be effected by a recent data breach, which it said was discovered on July 29. CNBC reports that SEC filings show that three Equifax executives sold nearly $2 million in shares in the company days after the cyberattack was discovered. It was unclear whether their share sales had anything to do with the breach.The costs associated with freezing your Credit Report can be found here.

Email me if any particular subject interests you. I would love to help you achieve your real estate dreams in beautiful Sedona.

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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