Real Estate Information Archive

3/17/17 – 3/17/18 (Sedona):

Total Closed Sales: Up 19% from 186 to 221 from this time last year, and up 6% from Dec. ‘17

Median Recorded Sale Price: Up 7% from $490K to $523,500 from this time last year, and up 1% from Dec. ‘17

Price Per Square Foot: Up 1% from 248 to 251 from this time last year, and up 1% from Dec. ‘17

Days On Market: No change; stayed at an average of 147 days. However, this figure is up slightly, 2%, from Dec. ‘17

3/17/17 – 3/17/18 (Cottonwood):

Total Closed Sales: Up 5% from 325 to 342 from this time last year, and up 3% from Dec. ‘17

Median Recorded Sale Price: Up 12% from $200K to $223K from this time last year. However, this is a slight dip from Dec. ’17, down about 1%

Price Per Square Foot: Up 9% from 134 to 146 from this time last year, and up 2% from Dec. ‘17

Days On Market: We are seeing a 10% increase in the time a house sits on the market, from 107 days on average to 118, and up 1% from what we were seeing in Dec. ‘17

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.

45 Cove Drive, Sedona, AZ 86351

Surveyed in November 2016. Picturesque setting with unique rock shelf to the rear of the lot and outstanding red rock views to the north! A private setting in one of the Village's most outstanding subdivisions -- small, intimate with the red rocks wrapping around it, quiet because it is beyond the flow of traffic, rich in its developed homes.  MLS # 511563.  Offered at $65K.  Please enjoy the virtual tour here:  http://www.tourfactory.com/1684651

New Subdivision Alert - Coming On-Line Soon:

Sedona Ranch on Oak Creek by Dorn Homes

*41 lots

*17 of those 41 are going to be available to have the builder of your choice build your custom home. These lots will range in price from $373K-$750K.

*Lot sizes will range from .73-acre to 6.39-acres

*Floor plans for the houses offered by Dorn Homes will range from 2500-3100 square feet

*Prices for the home / land packages will range from $1.2M to $1.6M

*Gated Community with private roads

*Water Improvement District

*Individual Septic Systems

*Will have a clubhouse for the residents to use

*Designed to compliment the natural beauty of Sedona

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.

Home Inspections:  Why a Seller Should Have a Home Inspection Prior to Marketing

We highly recommend that our sellers get a home inspection "to prepare the property for marketing." Those words are actually used by us as the opening to our Marketing Remarks in the MLS listing so that buyers know that the seller has done his/her due diligence. In addition, this technique is done almost exclusively by Ault & Associates in our listings. Other agents ask us how we get our sellers to do this and wish they could do the same. We tell them that we believe in it 100%. The result is two-fold: 1.) Other agents in the MLS know that when they bring a buyer to our listings, there will be no surprises. Too many sales fall out of escrow during the inspection process because of surprises. And, 2.) The Seller usually gets a better price to begin with since the buyer has nowhere to go with his offer; he can no longer come in low because he believes that the roof may be bad or the heating and cooling are unknowns in this older home. Those questions have been answered by the home inspection report which becomes part of the seller's disclosure items along with receipts for work performed.