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Update on Sedona Real Estate

10-21-08

Barbara Baker, Sedona Arizona

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Office: (800) 975-5943

Mobile: (928) 301-0669

Market Report for October 2008:
Number of Residential Sold Listings is down by 15% since October 2007. The Median Price point is $500,000. Our Sold Listings are down by 2% from July 08. There are currently 532 active listings on the market, up from 517 in July 08. There are currently 26 Pendings on the Market down from 32 in July of 08. The Luxury Home Market is down by 47% from October 0f 2007 with an median sold price of $1,550,000. There are currently 121 active listings in the luxury market - and 3 pendings. The vacant land market is down by 28% from Ocotber of 2007 with a median price point of $325,250.00 There are currently 414 active listings up from 382 in July of 08. There are currently only 6 pendings. All through Sedona and the Verde Valley, it continues to be a fabulous time to buy. If you are a buyer - now would be the time to jump into the market place. If you are a seller - price your home to sell. For all your buying and selling needs, please call me at 800-975-5943 or on the web at barbarabaker.com or via email at barbara@barbarabaker.com

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Lot's of Fun---Great Cause! Red Rock Canvas Event November 7 - 9

10-18-08

Phil DePasquale

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Office: (928) 399-9902

Mobile: (928) 399-9902

Red Rock Canvas Event is Building Momentum

000001 Sedona Chamber Sedona's 1st Annual city-wide arts and culture event is building momentum. The city will come alive through the arts November 7 - 9 with the Sedona Gallery Association's "Red Rock Canvas - The Event".
Purchase tickets now for the pinnacle of the weekend - an elegant Gala at Sedona Rouge Hotel and Spa. Saturday November 8 from 7 - 10pm, the ballroom will light up with spirited auctions from which a portion of the proceeds will benefit Camp Soaring Eagle and Human Nature Dance Theatre. Highlights include live and silent auctions, Wild Oak label wines from St. Francis Winery and Vineyards, luscious hors d'oeuvres from Reds, live music and a presentation by Camp Soaring Eagle spokesperson, actress Jane Seymour.
Tickets are available with two options: Gala and Auctions for $150 or a $175 VIP ticket. Both include $50 towards an auction win. The VIP ticket features a Sunday tour of the Waddell studios and special courtesies in all SGA galleries. The first 50 tickets sold will be entered to win an exclusive gourmet brunch with John and Ruth Waddell at the studios. For more information on Sedona visit www.RedRockCanvas.com. To purchase tickets for the Gala and Auctions call 928-567-3650.

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National Market Indicators from here in the Sedona AZ Real Estate Market

10-01-08

Barbara Baker, Sedona Arizona

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Office: (800) 975-5943

Mobile: (928) 301-0669

Dear All: Since we are in such hard economic times - I thought I would send this Market Focus along to you . This information was provided to me by a wonderful local lender - who is one smart cookie- Linda Rogers of First Metropolitan - 928-203-0695. I thought it would be helpful for you to see some stats about our economy. As far as the local Sedona AZ market is concerned - it continues and will continue for some time to be a great time to buy. If you are thinking of buying - let's work together to get you the best deal. I pride myself on my negotiating skills and will work diligently on your behalf. If you are a seller who needs to sell - the pricing is key to the whole transaction. There are buyer's out there - but it needs to be priced below... yes, below the market to sell. It's not going to get better anytime in the next 12 months so if you need to sell.. price it to sell. If you can hang on till 2010 - then take it off the market. If you are a seller who is facing financial ruin - please call me. I have worked with clients with short sales and foreclosures. If you would like to stay in your home - and can't make the payments - believe me - the bank will work it out with you - the last thing that they want is your home. They have plenty! Every time a bank forecloses on a property - it costs them an additional $50,000 - $75,000. You will need to show hardship - but they will work the deal. As always, I am at your service whenever you need me - please call or email me at barbara@barbarabaker.com or 928-301-0669.

Best regards,

Barbara Baker - REMAX Sedona

Monday, September 29, 2008 - 2:30 pm MST

Personal income increased 0.5% in August while consumer spending remained unchanged. Over the past year, both have increased a moderate 4.6%. Nevertheless, spending has slowed significantly, enough so that there is a potential it will decline this quarter for the first time since Q4 1991. A closely watched inflation gauge contained in this data series, the core PCE price deflator, increased 0.2% on the month and was up 2.6% on the year, somewhat elevated but moderate enough to keep inflation fears at bay.

Stocks came crashing down Monday, when the House defeated the $700 billion bailout bill, given the acronym TARP which stood for Troubled Asset Relief Program. It would be rousing if the House voted down the bill on issues like disclosure, transparency or pricing of the remaining mortgage-backed securities in question, but it was seemingly voter pressure not to rescue the banking giants that in their minds were responsible for the credit crisis anyway. It remains unclear what the next step will be. The Dow dropped 777.68 to close at 10365.45. the NASDAQ fell 199.61 to 1983.73.

MARKETS	CLOSING	CHANGE
DJIA	10365.45	-777.68
S&P500	1106.42	-106.59
RUSSELL 2000	657.72	-47.07
NASDAQ	1983.73	-199.61

SECTORS - GAINERS & LOSERS
n/a	n/a
Steel	-16.84%

Treasury prices soared Monday on speculation that the credit crisis and economy would worsen significantly from here upon the Houses failure to pass the bank-rescue plan. The flight to safety bid was robust as money flowed out of the stock market today. In late trading the 10-year note was up 1-30/32 to 103-6/32 to yield 3.61%.

SECURITY	YIELD	CHANGE
2-Year Note	1.70	-0.40
5-Year Note	2.72	-0.33
10-Year Note	3.61	-0.24
30-Year Treasury Bond	4.15	-0.22

As the growth outlook diminishes, rate cut expectations have increased. Rejection of the bank bailout bill today increases uncertainty about the resumption of credit flows, which will also weigh on growth prospects going forward. Fed funds futures traders were pricing in a 100% probability the Fed will cut by 25 basis points when they meet at the end of October, up from 50/50 odds just one week ago.

For the week ending 9/25/08

RATE	LATEST	CHANGE	FEES
30-Yr Fixed (FHLMC)	6.09	0.31	0.7
15-Yr Fixed (FHLMC)	5.77	0.42	0.6
1-Yr Adj (FHLMC)	5.16	0.13	0.5
3-Mo Libor (FNMA)	3.88	0.12	n/a

RATE	LATEST	CHANGE
Fed Funds	2.00	0.00
Prime Rate	5.00	0.00
Fed Discount	2.25	0.00
11th District COF	2.698	0.00

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See 15 Sedona properties on the RE/MAX SEDONA OPEN HOUSE TOUR, September 27, 2008

09-27-08

Beth Larsen, Sedona Arizona

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Office: (928) 282-4166 x252

Mobile: (928) 284-2501

Wondering what your dollar will buy you in a Sedona home these days? Here's your chance to tour 15 beautiful Sedona properties on RE/MAX Sedona's Open House Tour. Pick up a Sedona Open House Tour sheet at our office at 1225 W Hwy 89A Suite 102 or see our full-page ad in the Red Rock News. If you can't make it this month, mark your calendar for the next tour, Saturday October 25th. It's always the last Saturday of every month.

For more information call Beth at 928-284-2501 or Toll Free 800-282-4166 or

CLICK HERE TO DOWNLOAD A FREE TOUR SHEET AND DIRECTIONS.

When/Where: Sedona Arizona - homes are open Saturday September 27th, 2008 from 1:00pm to 4:00pm

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