Real Estate Information Archive

Fill in the blank… “I have a _________…” It doesn’t take a psychic to know what word you chose. Was it “dream”? Good chance it was. We all know this line from Martin Luther King, Jr.’s famous speech. So when we hear those first three words, it sort of naturally comes to mind. But what many people aren’t aware of is how much he affected the lives of real estate agents, buyers, and sellers. It was his death that gave Congress the last push needed to pass the Fair Housing Act, back in 1968. It’s pretty involved, but to put it simply… This was put in place to ban racial discrimination in housing. You can’t be refused the rental or purchase of a house, based upon your race. Seems simple enough to most people now. A given, if you will. But it didn’t happen overnight. And believe it or not, it still can and does come up. But guess who’s a big part of making sure this Act is followed… On the front lines, it’s real estate agents. We’re tasked with making people aware that discrimination based upon race (and many other things) are not acceptable, and they must refuse to work with anyone who wants to do so. Real estate agents are proud to be a part of this ongoing history. Today is the day where we take a moment to reflect and pay him respect. It’s also a good day to share some insight into how much more responsibility real estate agents have than meets the eye.

Market Stats Update for December:

SEDONA:

Total Closed Sales: Up 15% from 181 to 209 (over the same time period last year). However, it is down slightly from 215 which we saw last month.

Median Recorded Sales Price: Up 9% from $475K to $519K (over the same time period last year). This is about a 1% gain from this time last month.

Price Per Square Foot: Up 4% from $238 / sq. foot to $248 / sq. foot. No change from this time last month.

Days On Market: Down 8% from 157 to 144 (over this same time period last year).

COTTONWOOD:

Total Closed Sales: Up 4% from 321 to 333 (over this same time period last year). As we saw with Sedona, this figure is also slightly down from the 340 we saw last month.

Median Recorded Sales Price: Up 14% from $197,250 to $225,000 (over this same time period last year). No change from this time last month.

Price Per Square Foot: Up 9% from 131 to 143 (over this same time period last year). No change from this time last month.

Days On Market: This has crept up slightly over this time last year by about 9%, from an average sale taking 110 days last year, to about 117 days current day.

With a continued low inventory driving the prices, we are still in a Seller's market.

If you would like a brief, no obligation Marketing Strategy Review, please feel free to contact us, we are here to help; team is what it takes!

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From our family to yours, we wish you a blessed holiday season and hope that all your holiday wishes come true!

Good Friday to you all! I just wanted to take a moment and let you know some "good news!" The housing market in Sedona, Cottonwood and the Verde Valley continues to improve! Have a look at the numbers below.

Sedona (11/17/16 - 11/17/17):

Total Closed Sales: Up 26% from 171 to 215 (from this same time last year and up 3% from last month).

Median Recorded Sales Price: Up 10% from $467,500 to $515,000 (from this same time last year).

Price Per Square Foot: Up 6% from $233 / sq. ft to $248 / sq. ft (from this same time last year and about 1% gain over last month).

Cottonwood (11/17/16 - 11/17/17):

Total Closed Sales: Up 6% from 321 to 340 (from this same time last year and up about 1% over last month).

Median Recorded Sales Price: Up 15% from $195,000 to $225,000 (from this same time last year and up about 1% over last month).

Price Per Square Foot: Up 10% from $130 / sq. ft. to $143 / sq. ft (from this same time last year and up about 1% over last month).

If you or someone you know is looking to sell or buy, please don't hesitate to contact us. We are here to help you or them with all of your residential real estate needs!

AULT&ASSOCIATES - Team Is What It Takes.