SEDONA REAL ESTATE and HOMES FOR SALE: April 2011

Wednesday, April 20, 2011

2011 FIRST QTR NEWS

The Sedona Market has definitely improved. West Sedona and the Village of Oak Creek (VOC below) are almost equal in real estate improvements. The only real difference today is that the Village of Oak Creek has newer homes than West Sedona.  Here is the latest six month statistical information.

                             W. Sedona   W. Sedona   Chapel    Chapel        TOTAL      TOTAL
                                       Homes         Sold            VOC       VOC          Homes        Sold
                                       On Mkt                          Homes   Homes        On Mkt
                                                            On Mkt    Sold

TOTAL                         119             90              158        131            277            221
Months Supply                    7.9                               7.2                          7.9
Ave. Sold/month                                  15                             22                               36

Up To $700,000 70 74 112 126 182 200

Months Supply 5.6 5.3 5.5

Ave. Sold/Month 12 21 33

$700,000-$800,000              79              78              126         128           205            206
Months Supply                    6.0                                 6.0                         6.0
Ave. Sold/Month                                   13                             21                              34

$800,000-$900,000 84 79 131 129 215 208

Months Supply 6.5 6.0 6.3

Ave. Sold/Month 13 21 34

$900,000-$1,000,000          92               81             134           130          226            211
Months Supply                   6.8                                6.0                          6.3
Ave. Sold/Month                                   14                              21                              35

$1,000,000-$1,500,000 106 85 144 130 250 215

Months Supply 7.6 6.6 6.9

Ave. Sold/Month 14 22 36

Based on this information, Sedona's average inventory supply is now down to 7.9 months. Homes on the market under $700,000 have 5.5 months average inventory supply. Homes at $1,000,000 -$1,500,000 have a 6.9 months average inventory supply. Obviously, the homes priced at $1,500,000 and up have the highest months average inventory supply and is the cause of the 7.9 month total average supply.

Overall, this is very good news for Sellers. And buyers, this is the time to buy real estate in Sedona because, as the inventory goes down, Sedona's pricing will start to go up. Homes in West Sedona under $700,000 are now priced at $10.00 per square foot higher.

Call Carlena K. Grimmett today for an appointment at (928) 821-0506.
Or email me at tlcrealtysedona@msn.com.

T. L. C. REALTY,dba

Carlena K. Grimmett

Broker/Vice President

(928) 821-0506 Cell

(928) 282-0558 Fax

tlcrealtysedona@msn.com

Sunday, April 17, 2011

2010 YEAR END NEWS

Dear homeowner, property owner, buyer or renter:

Are you looking to make changes in 2011? Might these changes be in Sedona, or the Phoenix Metropolitan area? Do you have a home or land you want to sell in Arizona? Or, do you want to Buy or Rent in Arizona?

I have been an Arizona Real Estate Salesperson/Broker for over 25 years. I am interested in helping you with any real estate needs in Sedona or Metropolitan Phoenix. I have a real understanding and love real estate. Also, I was a general contractor, and Buyer and Seller of real estate for many of those years.

Sellers. All Sellers who choose T. L. C. Realty,dba will be represented in both the Sedona and Phoenix markets. Exposure is all important. I can coordinate all home repairs before placing the home on the market. During showings I make sure customers are respectful of your property. I find buyers for over 50% of my own listings.

Buyers. You have great opportunities, for a primary residence or future investment. In 2010, many Buyers purchased for future retirement knowing the values are at all time lows and the interest rates are fantastic. Investors are purchasing with the intention to rent out their new pruchase, or to hold it for future resale. I can coordinate all home inspection and home repairs.

Renters. I am aware of rental homes available in Sedona. Buyers are purchasing properties for their retirement that is several years away. They are looking for renters. These homes offer a great lifestyle until you decide to buy.

Open House Events. I like "open house" events for direct Buyer and Renter contact. I sell 50% of my own listings. The Buyer gets a deal and the Seller gets their property sold. I diligently work to make transactions a pleasant experience for all parties involved. I want Sellers, Buyers and Renters to enjoy real estate and its process.

Interest Rates. Interest rates are still low. Third quarter 2010, offered thirty year loans as low as 3%. Today interest rates are still at 4.75% - 5%. I have several great bank and mortgage sources to help Buyers get pre-approved. Buyers needing a loan on traditional property for sale, can close within 40 days. The short sale and foreclosure properties take longer to close.

Sedona In 2010. Sedona values dropped 12.5% last year and 30% over the last few years. In forth quarter, some newer homes sold for $10.00 a square foot more than in 2009. Many homes under $550,000 had bidding wars. The higher end customer is buying again. The average home inventory dropped to 304 homes versus 494 in 2008. Distressed home (bank and short sales) sales represented 25% of the market versus 35% in 2009.

Metropolitan Phoenix in 2010. Phoenix and its suburbs are in Maricopa County. Maricopa County sold 5% less homes in 2010 than 2009, but the average sales price increased by 4.6%. Below is the real estate home activity for the Northern suburb cities of Phoenix. Active home inventory decreased especially in Paradise Valley and Scottsdale. All the cities that decreased in average sales price, also had more sales than in 2009.
                       ACTIVE                     QTY. SOLD              AVERAGE SALES PRICE
                      2009       2010   %      2009    2010 %         2009          2010        %
Sedona               361        304  -15       345      413 +20     498,000       435,900  -12.5

Maricopa Cty. 145022   135886 -06    69927  65971 -05      184,336      192,881 +04.6
Paradise V.        1339      1194 -10        242     327 +35   1,713,130   1,458,300   -14.8
Scottsdale        12304    11228 -08     3776   4320 +14     542,758      525,766   -03.1
Glendale            8484      8290 -02      4646   4233   -08      129,491      133,111  +02.7
Peoria               6367      6509 +02      3086   3237 +04      188,835      177,924   -05.8
Sun City            1888      1977 +04       798    973   +21      141,317     127,452    -09.8
Sun City W.     1694      1690   00        702    750   +06      201,680      194,166   -03.7

I look forward to working with all interested in Sedona and Metropolitan Phoenix Arizona real estate. Arizona has moderate weather, low property taxes, amenities and a great lifestyle. Call me today, at (928) 821-0506 or email tlcrealtysedona@msn.com.

Cordially,

Carlena K. Grimmett
Broker/Vice President
T. L. C. Realty,dba

This letter is not intended for those already represented by an Arizona Realtor.
T. L. C. Realty,dba.

Monday, April 11, 2011

251 MOONLIGHT DRIVE

PRESTIGIOUS SEDONA LOT FOR SALE $2,500,000

251 Moonlight Drive

Sedona, AZ 86336

Purchase a Distinctive Address.

Build the Estate of Your Dreams.

Rare 3.46 prime acreage lot in an unparallelled location.

Located off Soldiers Pass Road in West Sedona.

The Property is surrounded by National Forest on 2 sides.

Travel down the picturesque, wondering, paved road.

Experience the impressive, tree-lined bridge to cul-de-sac.

It has incredible red rock views.

Very Private and Safe Setting.

The gated private access is exclusive for only 3 luxury estates:

And the other 2 estates are built and occupied.

Broker related to one owner

Call Carlena K. Grimmett at 928-821-0506.

Or email me at tlcrealtysedona@msn.com.

Moonlight Estates Gated Entrance

Tree Lined Bridge

Coffee Pot Rock View

Red Rock View

T. L. C. Realty, dba

P. O. Box 3861

Sedona, AZ 86340

Carlena K. Grimmett

Broker/Vice President

928-821-0506 Cell

928-282-0558 Fax

tlcrealtysedona@msn.com

9440 N. 75th Avenue

COMMERCIAL BUILDING FOR SALE $1,399,999

9440 N. 75th Avenue

Peoria, AZ 85345

This Light Industrial Commercial Building was built in 2004 and is 12,000 square feet. The lot is 1.18 acres and has 53 parking spaces. The property fronts 75th Avenue and borders 3 paved streets, providing great access to all parts of the building. The building is in immaculate condition and has reception areas, mezzanine areas, display areas, multi-purpose workshop areas, several mens and womens bathrooms, a lunch room, conference room and offices. The property is paved, landscaped and has gated parking. There is a potential to add 4000 square feet of interior space. The insulation exceeds minimum standards. There is 240 volt, 3 phase, 800 amp electrical. It has 12 x 18 foot garage doors.

Broker related to Owner.

Contact Carlena K. Grimmett at 928-821-0506 or email tlcrealty@msn.com

Fronts 75th Avenue

Side of Building

Front Counter

Front Counter with Displays

Front with steps going to Mezzanine

Work Area

Commercial Garage Doors

Upper Office

View of Upper office

Side of Building

Bathroom

Saturday, April 9, 2011

50 JASPER COURT

GRAND SEDONA HOME FOR SALE $3,400,000

50 Jasper Court

Sedona, AZ 86336

MAJESTIC HOME WITH INCREDIBLE FINISHES!

Quality built home and incredible craftmanship.

Old World Baroque Interior.

8700 square feet of liveable space.
3 bedrooms and 4.75 baths.

2 offices, 2 laundry rooms, 2 wet bars, 2 kitchens, 2 dvieways.
Home theater, exercize room, safe room and 2-three car garages.
One garage is heated & cooled & part of the liveable square footage.

2 toned split face block estate; Column details; Huge port-co-chere.

Glass & steel entry door open up to unobstructed red rock views.

One of a kind interior with hand made walnut cabinets and doors.

Cantera fireplaces, commercial stainless steel appliances, 1913 safe.

Chandelier bathroom lighting, 24 carat gold master bath fixtures.

Designed master closet trimmed in walnut, with glass door fronts.

Oversized granite countertops and travertine floors throughout.

Oversized sliding glass doors disappear into the walls.

There is just to much to tell. It is truly a work of art.
One Owner is Arizona Broker.

Call Carlena for details at 928-821-0506.

Or email me at tlcrealtysedona@msn.com