Phil DePasquale

As of January 31, 2010 there are approximately (40) residential properties in Sedona that are for sale, classified under the following Special Conditions:

They range in price from $159,900 to $1,999,000. Since October 1, 2010 there have been 52 sales, ranging in price from $122,000 to $978,000 with the average selling price from $369,600 - 2437 s.f. @ $151 s.f.

There are currently 311 Active Residential Listings, without special conditions, ranging in price from $219,500 to $15M. Here is what you get for the money:

Currently, out of the 311 residential listings, the least expensive home is $219,000, 1232 s.f., with 1 bedroom and 1 bath, built in 1971 and located on .25 acre.

The $15M home (currently the most expensive in Sedona) is 15,000 s.f., with 7 bedrooms and 14 baths, built in 2003 and located on 10 acres.

A Note from Phil DePasquale:

In keeping with the theme of "CHANGE" for 2010 I have accepted a wonderful opportunity to work with Sedona Elite Properties Management, Inc. Tina Snelling-Nelson, Broker/Owner of Sedona Elite Properties has worked in the corporate world for many years and knows the value of excellent service and clear communication. Based on those two central ideas, it has made her the leading property management firm in Sedona. With my real estate background and Tina's property management services we can now provide more up-to-date facts and recommendations for your primary and residential investment. We also have qualified connections through current tenancy looking to purchase. This is a distinctly added advantage for sellers. I am very excited about this move, now able to provide additional services, enabling my clients to make an intelligent and more informative decision in these uncertain times... Warm regards, Phil DePasquale, Associate Broker

3/2 Impeccable home overlooking creekfront, gated community of Oak Creek Valley. Lovingly used as a vacation home, fully furnished, in move-in condition. 3/2 1400+ s.f. home on approx. .50 acre overlooking Oak Creek Valley. Cathedral ceilings and niches, split-floor plan, gas fireplace and inviting fenced back yard with redwood decks for entertaining or relaxing. Back yard plumbed for spa. Walk to creek, fishing, hiking, community pool, tennis courts, billiards and clubhouse. Need to store your boat or RV? Storage lot available. Like to travel? ... home under "neighborhood watch program" so just "lock and go." Offered at $279,000

• Number of listed homes & condos in all of the Sedona market: 387 (way down from 446 60 days ago but down from 574 240 days ago)

• Number of homes & condos listed below $400,000: 120(again a continuing down trend - was 181 nine months ago)

• Number of homes listed over $1 million: 74 (was 89 sixty days year ago).

• Median listed price: $539,900. (We are seeing prices stabilize - was $524,500 120 days ago).

• Number of homes & condos sold year in 2009: 393 (Continuing at a pace of about 35 homes per month for the past 6 months).

• Median sales price of all homes and condos sold in 2009 $375,000 (was $384,750 60 days ago - was $453,650 for Jan - Feb. 2008).

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• Number of listed home-sites in all areas of the Sedona market 371 (was 420 - 60 days ago)

• Number of lots listed below $300,000: 186 (was 186 - 90 days ago)

• Number of lots listed above $1,000,000: 44 (was 66 - six months ago)

• Median listed price: $299,900 (was $349,000 120 days ago)

• Number of home-sites sold year in 2009: 95 (20 sold in past 60 days - still very slow but 3 times the pace as earlier in the year)

• Median sales price in 2009 $135,000 (was $129,000 60 days ago - it appears that lot prices are on the up-trend)

Red Rock Canvas Event is Building Momentum

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.