Sept. 24, 2021

4016 N Pipit Place, Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

4016 N Pipit Place, Flagstaff, AZ 86004

Beautiful Flagstaff Townhome with Mountain Views 

    4 Beds |   3.5 Baths | $519,980

Great opportunity to own this beautiful townhome with a great tenant in place! Tenancy until June 2022. This home is spacious and features two master bedrooms: (1) main master on lower level; and (2) one up with an ensuite / dressing room area. Enjoy the views of the mountain and the great backyard with views of trees and forest. Nestled at the base of Mt Elden, hiking and biking trailheads are right out your front door. Close to I40, the Flagstaff Mall, grocery stores and shopping, Flagstaff Medical Center and Continental Country Club. Don't miss this one!!

Photos and more information here:

northernarizonafinehomes.com/property/187492/

 

LOCATION

4016 North Pipit Place

Car-Dependent

Learn more about Mt Elden Foothills in Flagstaff

Historic Rt 66, left onto E Lockett Rd immediate right turn onto N Kaspar Dr Turn left onto E Jacamar Dr Turn right onto N Pipit Pl Home is the second one ont the right

 

Amusement & Recreation 

Dining Nearby

Visit Brandy's Restaurant & Bakery for an excellent place for breakfast. You must try pizza with soppresetta, pistachio and honey at the Fat Olives. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s it's just a small detour from the main road.

Nearby Schools

 

Mt Elden Foothills Neighborhood Information 

Visit the Mt Elden Foothills community page to get more information about homes and lifestyle in this northeast Flagstaff  neighborhood.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com  or call 888-4465602 to see other houses and condos for sale in Flagstaff.

Search for Homes in Flagstaff, Arizona

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Sept. 22, 2021

Flagstaff AZ Real Estate Market Update- August 2021

Flagstaff AZ Real Estate Market Data Provided by The Kelly Broaddus Real Estate Advisors Team / by Joselyn Uy

Aug 2021 Flagstaff Market Report

 

Is the Flagstaff Housing Market Starting to Cool Off ?

 

We normally see the housing market take a breather in the fall as families send their kids to school and hunker down for the winter. However, the pandemic may have thrown this pattern off balance.  Here's the latest update on the Flagstaff housing market.

 

FLAGSTAFF HOME SALES

The US Existing-Home Sales dropped 2.0% in August while Greater Flagstaff's housing sales remain flat vs July. Flagstaff home sales posted a 17.9% decline from a year ago with 216 units sold, according to data from the Northern Arizona Multiple Listing Service (NAAR). Our white-hot market has been driven by low supply and high demand, but more inventory entering the market is changing the picture. As more people become vaccinated, it could signal a return to a more normal market. 

Lawrence Yun, the National Association of Realtors chief economist, admits, “There has been a turn in the market from super heated to still very strong.” He went on to say, “We see inventory beginning to tick up, which will lessen the intensity of multiple offers.”

Lawrence Yun, NAR's chief economist. 

 

August Flagstaff Home Sales By Type

 

This August the Kelly Broaddus Real Estate Advisors Team sold 12 homes in Flagstaff valued at $9.9M. Big thanks to our clients!

 

FLAGSTAFF MEDIAN HOME PRICE

Flagstaff Median Home Price & DOM August 2021

"The median list-to-sales ratio for this area is 103.7%." List to Sales Ratio is the percentage of the list price that the buyer ultimately paid for the property.

The median sold price in August is up 25% year over year to $600,000, a new monthly high. We’ve already seen a decrease in the rate of price growth. Ian Shepherdson, the chief economist at Pantheon Macroeconomics, has suggested that many of the factors leading to high demand were caused by the pandemic. He recently said, “Already, the easing of the inventory squeeze has reduced the month-to-month pace of price gains,” and this trend will likely continue. Flagstaff's sales of new and existing homes is sustained at over 200 units sold, despite the sky-high prices. 

Homes remained on the market for an average of 53 days. This is down from the all-time low of 43 days we saw in March, but faster than the 54 days we saw a year prior. A lot of this change is seasonal, and some of it is buyer fatigue, but demand overall remains historically high.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

 

August 2021 Flagstaff Market Watch Summary

2021 Flagstaff Real Estate Market Watch Total Home Sales -   216 homes, down 17.9% vs August 2020. 

Median Sale Price -  $600,000, up 25% vs August 2020, highest in more than a decade

Mortgage rates  - Average 30-year fixed-rate mortgage rate ended 9/17 at the highest levels in roughly 2 months at 3.03%

Longest days on market (SF): 431 days This is a 2350 sq ft, 3 beds, 2.5 bath, new construction townhome in Flagstaff Ranch

CDOM The acronym CDOM (Cumulative Days on Market) is used by the Flagstaff MLS to describe how many days a property has been available for sale. A property has to be off the MLS for at least 90 days for the CDOM to restart, even if it is listed by a different agent. We report the average days on market for properties sold based on CDOM.

The number of days a home sits on the market can tell us a lot about pricing. A high CDOM is commonly a strong indicator that the home is overpriced. 

 

FLAGSTAFF'S PRICIEST HOMES SOLD in AUGUST 2021

FLAGSTAFF'S PRICIEST HOMES SOLD in August 2021

Photo courtesy of Century 21 Northwest

  • The highest-priced single-family Flagstaff home that sold in August was a $4,200,000 custom built 6 bedroom, 6.5 bathroom home with walkout basement, great room, game room, casita, & 3 car garage. Located in Forest Highlands with exceptional San Francisco Peaks & forest views. 
  • The highest-priced Flagstaff townhome sale was a $700,000 3 bedrooms, 2.5 baths, 2461 sqft luxury townhome in Switzer Mesa, just a short walk to downtown Flagstaff!
  • The highest-priced Flagstaff condo sale last month was a $335,000 well maintained 2 bed 2 bath Walnut Meadows condo conveniently close to the Continental Country Club and all of it's ammenities

 

THE MOST AFFORDABLE  FLAGSTAFF HOMES SOLD in AUGUST 2021

Lowest Priced Flagstaff Home in August 2021

Photo courtesy of Linton Real Estate 

  • The lowest-priced single-family Flagstaff home that sold in August was a $300,000 one-bedroom home in Southside/Brannen that backs up to the Arizona Trail system
  • The lowest-priced Flagstaff townhome that sold last month was our listing, a $260,000 one  bedroom townhouse close to Flagstaff Mall, located in Christmas Tree Estates
  • The lowest-priced Flagstaff condo that sold was a $268,000 one bedroom condo in Tanglewood. With access to Bear Paw Activity Center, hiking and biking trails, Continental Country Club Pool, gym and golf.

Flagstaff Home Buyer Advice 

New active listings in the Flagstaff MLS are up 81% from their lowest point in January of this year, but our overall supply is still down 11.1% of what it was a year ago.

"Demand for homes is making a comeback because even though home prices are high and competition is still steep, homebuyers don't have many alternatives but to keep trying." Combine this with low mortgage rates, and demand will likely continue to be historically high.

NAR’s director of housing and commercial research, Gay Cororaton, put it best: “We’re seeing the gap narrowing between demand and supply,” but “There’s still a huge, huge gap.”

There is hope on the horizon for buyers. As supply continues to increase, and the rate of price growth continues to slow, mortgage rates remain low. Danielle Hale, the chief economist at Realtor.com, says, “Despite the ongoing challenges of today's housing market, including limited inventory, lightning-fast home sales and competition from investors with deep pockets, many buyers are finding ways to persist until they find and close on a home." 

If you have been looking to buy but felt overwhelmed by the competition, your time may have arrived. The fall months usually indicate a slowing of the real estate market. Hale predicts, "Although we didn't see this sweet spot last fall as buyers were making up for time lost to lockdowns, there are signs that we'll see it this year." 

Our market may be cooling, but home prices are still likely to appreciate. If you are looking to buy, our low mortgage rates might not be around for much longer. Take advantage of them while you can. 

We suggest you get started by taking a look at the homes that are available in (area) right now:

Click here to see all Flagstaff homes for sale

Search Northern Arizona Homes For Sale

 

Home Buying Tips Our home buyer's blog will help you plan and prepare for your successful home purchase and avoid headaches and surprises that may arise during the process.

Sign up for free to receive our updates about coming soon properties and homes for sale not listed on the MLS. I can set up a customized search so you’ll get notified when new listings that meet your criteria hit the market.

Need a lender recommendation for your home loan? We work with trusted lenders who will walk you through the entire process and have your best interest at heart. Contact Kelly today and we will get you one of our trusted lenders that best fits your needs.

Flagstaff Home Seller Advice 

If you are a seller looking to take advantage of the hot market, you aren’t alone. In fact, sellers trying not to miss out on high prices could be motivating the increase in supply. According to Redfin Chief Economist Daryl Fairweather, "This continued demand for homes is enticing more homeowners to sell in order to avoid the fear of missing out on historically high prices.”

Ironically, sellers’ enthusiasm to take advantage of the hot market could be contributing to the cooldown. However, it is unlikely this represents a large enough group to shift the market long term.

If you’re worried you missed the sellers’ boat, don’t worry. Tim Ellis of Redfin Media says, “The market frenzy of 2021 has cooled somewhat, but home sellers are still very much in the driver’s seat in the housing market today.” We can see this in our rising prices. From this time last year, the median sales price has increased by 16%.

Senior Economist George Ratiu says he “expects an unusually busy fall season” this year. More people are vaccinated and feel comfortable going out into the world again. This means more open houses, more attendees, and more activity in general. “Sellers are putting homes on the market,” says Ratiu. “Normally this activity happens early in the spring.”

What does this all mean for you? While the market may be cooling, experts all agree: we’re still in a seller’s market. Demand remains high, and supply remains low, even if it’s not quite as low as it was previously. 

If you’re interested in knowing your home’s value in the present market based on recent sales in the Northern Arizona MLS, enter your address here to find out what your home is worth right now. Click the image below then enter your address to find out what your home is currently worth.

 

What is the value of your Flagstaff Home?

 

Home Selling Tips Our blog for home sellers has tons of tips to help sell your home faster and add thousands of dollars to your bottom line. Check it out

We at The Kelly Broaddus Team with eXp Realty know that the only result that ultimately matters is that your home gets sold — and sold for the right amount. Satisfied clients say it all. Check out our 5 Star Reviews. 

If you have any questions about our market or are thinking about buying or selling in Flagstaff, don’t hesitate to call us at 888.446.5602 or email us at kelly.broaddus@exprealty.com. We’re out in the market every day helping clients to buy and sell in Northern Arizona, and we do research so we have the best advice to give you, no matter your situation.

 

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July 2021 Flagstaff Market Update

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Sept. 17, 2021

How To Sell Without Becoming Homeless

Here’s how to sell a home without becoming homeless.

 

Selling a home without becoming homeless is an issue in today’s market. If people aren’t properly informed by their agents when they buy or sell a home, they can be left out in the cold. That’s why today I’m going to discuss three options that you can use to avoid this problem, including some example scenarios.

 

The first and best option is a simultaneous close. That’s when you time your sale and your purchase to close around the same time. Though this is the ideal scenario, many things can go wrong with it. You can have delayed escrows, or a difficult buyer who slows down the process with trivial demands. This can be especially frustrating for people whose transactions aren’t even closing in the same area.

 

My suggestion is that when you list your home and get it under contract, make it clear to buyers that you will need a one- or two-day period to get out of your old house. Of course, you may need to make some concessions on that front, such as by paying rent for that period or leaving money in escrow as a sort of guarantee that you’ll leave the house in the same condition as when the buyers last saw it. 

 

"A simultaneous close is ideal, but it has potential issues associated with it."

 

The next option is to speak with your lender and see if you can qualify to purchase before you sell your home. This option takes a lot of extra funds to work since you won’t be able to put the proceeds of your home sale toward your purchase.

 

If you want to sell before you buy, another option is to talk to your lender about a leaseback. Lenders allow up to a 59-day leaseback. This way, you’d be able to make it clear when you first list the home that you’ll need a leaseback, meaning any potential buyers you get will be ready to accommodate your needs.

 

If you’d like to discuss these three options in more detail, or you have any other real estate questions, don’t hesitate to reach out to me by call, text, or email. I’d love to help you.

Posted in Home Selling Tips
Sept. 14, 2021

9733 N Stagecoach Drive Williams, AZ 86046

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

9733 N Stagecoach Drive Williams, AZ 86046

Beautiful 5 Acre Lot with Mountain Views in Williams, AZ

5.06 Acres | $198,980

Beautiful buildable lot! Views of the mountains and electricity. Doesn't get better than this!! Buy alone or in conjunction with the ranch next to it also for sale. Call today for information.

More photos and information: northernarizonafinehomes.com/property/187402/

 

Location

9733 North Stagecoach Drive

Car-Dependent

More information on Walk Score

Dining Nearby

If in Williams, you must visit them Red Raven! Highly recommend eating at this upscale yet casual restaurant in the heart of Williams Arizona. Looking for good down-home cooking, very reasonable prices, and good service? Pine Country Restaurant is located along Route 66, right off the freeway so it's not completely out of your way to enjoy real food in a cute little town. If you're hanging out getting your kicks on Route 66, make sure you stop at Station 66 for a delicious dinner. Top notch service, the interior is spacious and cool, there's an outdoor patio with music, and most importantly the food and drinks were great.

 

Attractions & Recreation

  • Grand Canyon Railway Station - Refurbished train cars have been restored to their 1920s grandeur and air conditioning has been added. Comfortable seating and the great views make for a pleasant journey through an ancient landscape.
  • Bearizona Wildlife Park  - The best of all off the road entertainment anyone could want or desire. It contains both a car and a petting experience. Located just 10 minutes north of Williams AZ center of town, on Route 66.

 

Schools

Children in this community typically go to the following nearby schools:

  • Williams Elementary PK-5
  • Williams Middle School 6-8
  • Williams High School 9-12

 

Williams Neighborhood Information 

Williams , also known as the "Gateway to the Grand Canyon", is surprisingly varied for a town with such a small population (3,023 at the 2010 census). Just an hour south of the Grand Canyon and located on historic Route 66, it thrives on tourism, and is home to several attractions, including the Grand Canyon Railway, which, among other things, boasts a train ride to the heart of the Grand Canyon.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com  or call 888-4465602 to see other lot/land and houses for sale in Williams.

 

Search for Land in Williams, Arizona

 Williams AZ Lots for Sale Under $50,000

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Sept. 13, 2021

127 High Point Dr, Mormon Lake, AZ 86038

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly


127 High Point Dr, Mormon Lake, AZ 86038

 Perfect Northern Arizona Summer Home Without the Country Club Price Tag!

  3 Beds | 3 Baths | $949,850

This home and property is a little piece of paradise! Sit on your wrap around porch surrounded by gorgeous mature pines. A beautiful master suite downstairs, the rest of the family upstairs. This home is like owning a home in Pine Canyon without the price! Roomy gourmet kitchen flowing out to the living room and dining room, all open and inviting. Enjoy a 4 car garage, perfect for all your toys. Then a 1 car garage next to the house. The entire yard is irrigated and landscaped. When the electricity goes out. don't worry, a generator is standing by powered by propane. Perfect summer home to get out of the heat or maybe you would enjoy the woods full time. Don't wait, this will go fast!! Check out all of the details below!

Take a 3D Tour

Photos and more information here:

northernarizonafinehomes.com/property/187239/

 

LOCATION

127 High Point Drive

Car-Dependent

Get to know Mormon Lake, AZ

 

Amusement & Recreation 

      • Coconino National Forest - One of the most diverse National Forests in the country with landscapes ranging from the famous Red Rocks of Sedona to Ponderosa Pine Forests, to alpine tundra.
      • Forest Highlands Meadow Course - Great view of majestic mountains where family and friends gather for recreation, rest, and rejuvenation.
      • The Flagstaff Aquaplex- A multi-generational recreation center which offers affordable community fitness and fun for everyone! 

Dining Nearby

Visit Mormon Lake Lodge Steak House to savor the delicious barbeque, mouth watering steaks accompanied with hearty portions of your favorite side-kicks. If you like fresh light salads with delicate and delicious flavor, Taverna Modern Mediterranean is the place to come! Taverna has been a favorite dining destination since 2019 for delicious Mediterranean inspired foods. Silver Pine Restaurant and Bar is a great choice to satiate your cravings. This place can serve you from from different hour of the day.

Nearby Schools

Mormon Lake Neighborhood Information 

Mormon Lake Village is a secluded community where one can enjoy the great outdoors with few limits. Visit the Mormon Lake community page to get more information about this Northern Arizona neighborhood.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com  or call 888-4465602 to see other houses and condos for sale in Flagstaff.

Search for Luxury Homes in Northern Arizona

Flagstaff AZ Homes for Sale $650,000 - $1M

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Sedona AZ Homes for Sale Over $1M

Williams AZ Homes for Sale $650,000 - $1M

Williams AZ Homes for Sale Over $1M 

Sept. 8, 2021

9 Tips for Buying and Selling Your Northern Arizona Home at the Same Time

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

9 Tips for Buying and Selling Your Home at the Same Time

 

Selling your Northern Arizona home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it's dwindling.¹ You're not alone either if you're already feeling drained by the complex logistics of trying to sell and buy a new home all at once.

 

Searching for a new home can be exciting, but many homebuyers admit that it can also be stressful, especially if you live in an unpredictable market with plenty of competitors. Unfortunately, waiting out a competitive housing market isn’t always the best idea either since listings are expected to remain limited in the most coveted neighborhoods for some time.²

 

That doesn't mean, though, that you should just throw up your hands and give up on moving altogether. In fact, as a current homeowner, you could be in a better position than most to capitalize on a seller’s market and make a smooth transition from your old home to a new one.

 

We can help you prepare for the road ahead and answer any questions you have about the real estate market. For example, here are some of the most frequent concerns we hear from clients who are trying to buy and sell at the same time.

 

 

“WHAT WILL I DO IF I SELL MY HOUSE BEFORE I CAN BUY A NEW ONE?”

 

This is an understandable concern for many sellers since the competitive real estate market makes it tough to plan ahead and predict when you'll be able to move into your next home. But chances are, you will still have plenty of options if you do sell your home quickly. It may just take some creativity and compromise.

 

Here are some ideas to make sure you're in the best possible position when you decide to list your home:

 

Tip #1: Flex your muscles as a seller.

In a competitive market, buyers may be willing to make significant concessions in order to get the home they want. In some cases, a buyer may agree to a rent-back clause that allows the seller to continue living in the home after closing for a set period of time and negotiated fee.

 

This can be a great option for sellers who need to tap into their home equity for a downpayment or who aren’t logistically ready to move into their next home. However, many lenders limit the duration of a rent-back to 60 days, and there are liability issues to consider before entering into an agreement. A contract and security deposit should be in place in case of any property damage or unexpected repairs that may be needed during the rent-back period.³

 

Tip #2: Open your mind to short-term housing options.

While it can be a hassle to move out of your old home before you’re ready to move into your new one, it’s a common scenario. If you’re lucky enough to have family or generous friends who offer to take you in, that may be ideal. If not, you’ll need to find temporary housing. Check out furnished apartments, vacation rentals and month-to-month leases. If space is an issue, consider putting some of your furniture and possessions in storage.

 

You may even find that a short-term rental arrangement can offer you an opportunity to get to know your new neighborhood better—and lead to a more informed decision about your upcoming purchase.

 

Tip #3: Embrace the idea of selling now and buying later.

Instead of stressing about timing your home sale and purchase perfectly, consider making a plan to focus on one at a time. Selling before you’re ready to buy your next home can offer a lot of advantages.

 

For one, you’ll have cash on hand from the sale of your current home. This will put you in a much better position when it comes to buying your next home. From budgeting to mortgage approval to submitting a competitive offer, cash is king. And by focusing on one step at a time, you can alleviate some of the pressure and uncertainty.

 

 

“WHAT IF I GET STUCK WITH TWO MORTGAGES AT THE SAME TIME?”

 

This is one of the most common concerns that we hear from buyers who are selling a home while shopping for a new one, and it’s realistic to expect at least some overlap in mortgages. To make sure you don't get into a situation where you are carrying dual mortgages for longer than you can afford, examine your budget and calculate the maximum number of months you can afford to pay both.⁴

 

If you simply can’t afford to carry both mortgages at once, then selling before you buy may be your best option. (See Tip #3 above.) But if you have some flexibility in your budget, it is possible to manage both a home sale and purchase simultaneously. Here are some steps you can take to help streamline the process:

 

Tip #4: As you get ready to sell, simplify.

You can condense your sales timeline if you only focus on the home renovations and tasks that matter most for selling your home quickly. For example, clean and declutter all of your common areas, refresh your outdoor paint and curb appeal, and fix any outstanding maintenance issues as quickly as possible.

 

But don't drain unnecessary time and money into pricey renovations and major home projects that could quickly bog you down for an unpredictable amount of time. We can advise you on the repairs and upgrades that are worth your time and investment.

 

Tip #5: Prep your paperwork.

You'll also save valuable time by filing as much paperwork as possible early in the process. For example, if you know you'll need a mortgage to buy your next home, get pre-approved right away so that you can shorten the amount of time it takes to process your loan.

 

Similarly, set your home sale up for a fast and smooth transition by pulling together any relevant documentation about your current home, including appliance warranties, renovation permits, and repair records. That way, you're ready to provide quick answers to buyers' questions should they arise.

 

Tip #6: Ask us about other contingencies that can be included in your contracts.

Part of our job as agents is to negotiate on your behalf and help you win favorable terms. For example, it’s possible to add a contingency to your purchase offer that lets you cancel the contract if you haven't sold your previous home.

 

This tactic could backfire, though, if you're competing with other buyers. We can discuss the pros and cons of these types of tactics and what’s realistic given the current market dynamics.

 

 

“WHAT IF I MESS UP MY TIMING OR BURN OUT FROM ALL THE STRESS?”

 

When you're in the pressure cooker of a home sale or have been shopping for a home for a while in a competitive market, it's easy to get carried away by stress and emotions. To make sure you're in the right headspace for your homebuying and selling journey, take the time to slow down, breathe and delegate as much as possible. In addition:

 

Tip #7: Relax and accept that compromise is inevitable

Rather than worry about getting every detail right with your housing search and home sale, trust that things will work out eventually––even if it doesn't look like your Plan A or even your Plan B or Plan C. Perfecting every detail with your home decor or timing your home sale perfectly isn't necessary for a successful home sale and compromise will almost always be necessary. Luckily, if you've got a good team of professionals, you can relax knowing that others have your back and are monitoring the details behind the scenes.

 

Tip #8: Don't worry too much if your path is straying from convention

Remember that rules-of-thumb and home-buying trends are just that: they are estimates, not facts. So if your home search or sale isn't going exactly like your neighbor’s, it doesn't mean that you are doomed to fail.

 

It's possible, for example, that seasonality trends may affect sales in your neighborhood. So a delayed sale in the summer or fall could affect your journey––but not necessarily. According to the National Association of Realtors, the housing market tends to be more competitive during the summer and less competitive during the winter.⁵ But it's not a hard and fast rule, and every real estate transaction is different. That's why it's important to talk to a local agent about your specific situation.

 

Tip #9: Enlist help early.

Which leads us to our final tip: If possible, call us early in the process. We'll not only provide you with key guidance on what you should do ahead of time to prepare your current home for sale, we'll also help you narrow down your list of must-haves and wants for your next one. That way, you'll be prepared to act quickly and confidently when it’s time to list your house or make an offer on a new one.

 

It's our job to guide you and advocate on your behalf. So don't be afraid to lean on us throughout the process. We’re here to ease your burden and make your move as seamless and stress-free as possible.

 

 

BOTTOMLINE: COLLABORATE WITH A NORTHERN ARIZONA REAL ESTATE PROFESSIONAL TO GET TAILORED ADVICE THAT WORKS FOR YOU

 

Buying and selling a home at the same time is challenging. But it doesn't have to be a nightmare, and it can even be fun. The key is to educate yourself about the market and prepare yourself for multiple scenarios. One of the best and easiest ways to do so is to partner with a knowledgeable and trustworthy agent.

 

A good real estate agent will not only help you evaluate your situation, we will also provide you with honest and individually tailored advice that addresses your unique needs and challenges. Depending on your circumstances, now may be a great time to sell your Flagstaff/Sedona home and buy a new one. But a thorough assessment may instead show you that you're better off pausing your search for a while longer.

 

Contact us at 888.446.5602 or email kelly.broaddus@exprealty.com for a free consultation so that we can help you review your options and decide the best way forward.

 

 

Sources:

  1. Board of Governors of the Federal Reserve System, FEDS Notes - https://www.federalreserve.gov/econres/notes/feds-notes/housing-market-tightness-during-covid-19-increased-demand-or-reduced-supply-20210708.htm
  2. Federal Reserve Bank of St. Louis, FRED Economic Data - https://fred.stlouisfed.org/series/MSPUS
  3. Realtor.com - https://www.realtor.com/advice/sell/what-is-a-rent-back-agreement/
  4. Bankrate.com - https://www.bankrate.com/real-estate/sell-your-house-while-buying-another/
  5. National Association of REALTORS - https://www.nar.realtor/blogs/economists-outlook/seasonality-in-the-housing-market

 

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9665 N Stagecoach DR, Williams, AZ 86046

Flagstaff AZ Real Estate Market Update- July 2021

 Is the Real Estate Market Going to Crash?

How to Be a Prepared Buyer

 

 

 

Sept. 3, 2021

Flagstaff and Sedona July Market Update

Here’s the latest information from our Flagstaff and Sedona markets.

 

In July, our Flagstaff and Sedona markets saw a bit of a slowdown, but that’s likely because most people have their minds on getting the kids back to school. This slowdown is a wonderful opportunity for you buyers who have been having a difficult time finding a home. If you’ve been considering buying, now’s the time while things aren’t as nutty. Our inventory has increased a little, but it still isn’t enough to satisfy demand, especially in the Flagstaff market. 

 

Existing home sales across the country increased 2% compared to this time last year, but that number has fallen by 1.4% Flagstaff. I think that’s simply due to our very low inventory, as there aren’t as many homes to sell. In July, 147 single-family homes, 35 townhomes, and 18 condos sold. The demand remains strong, and three things are currently driving the market. 

 

First, the millennial generation is the largest in the country, and they’re at the age where they’re having families and their jobs are paying more, so they’re our largest group of homebuyers right now. Second, we have the lowest mortgage rates we’ve ever seen. Third, the pandemic is affecting how people buy and sell homes. Those three things are creating the perfect storm of people wanting to buy homes.

 

"Our inventory has increased a little, but it still isn’t enough to satisfy demand."

 

The median list-to-sale ratio is 104.4% at present, which means homes are selling for 4.4% over list price, on average. The median sales price grew 27% year over year and is at $610,000 these days; the low interest rates have stoked prices. The 30-year fixed mortgage rate has remained at 2.7%, which is excellent. 

 

The two most expensive homes that sold in Flagstaff in July were in Pine Canyon, and I was blessed to be able to sell one of them. They both sold for about $2,850,000. The highest-priced condo sold in Summit Park for $350,000, which is pretty amazing. 

 

If you have any questions about our market or real estate in general, I’m available via phone or text. If there are any topics you’d like me to discuss in a future video, feel free to give us a call or shoot us an email. We’re here to serve you.

 

July 2021 Market Report

 

 

Sept. 2, 2021

5490 S Cassandra Boulevard, Flagstaff, AZ 86005

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

5490 S Cassandra Boulevard, Flagstaff, AZ 86005

Under Contract! Rare Single Level Flagstaff Home on 2 Acres, No HOA, can be VRBO!

    3 Beds |   2 Baths | $875,000

Offering a rare single level home on two heavily ponderosa treed acres zoned ER--Estate Residential. This beautiful home is 2077 s.f. 3BR+ Office room+ oversized 3 car garage. The property is fenced with 3 rail cedar and backed strand ranch fencing for your dogs, horses, or other approved livestock. This area is in the City of Flagstaff limits. Utilities include APS electric, community shared well, on-site septic system, and propane tank. Enjoy in-floor Heating in the winter and a pellet stove. In the summer, enjoy concrete covered patios front and back and an above grade garden. You will enjoy the beautiful landscaping and abundance of trees. There is no HOA in this community, VRBO's are a potential option!

Photos and more information here: northernarizonafinehomes.com/property/187253/

Take a Virtual Tour: COMING SOON

 

LOCATION

5490 South Cassandra Boulevard

Car-Dependent

Learn more about Fort Tuthill Flagstaff

 

Amusement & Recreation 

      • NAU Art Museum- Includes an exhibit building, research labs, and state-of-the-art collections facilities for more than five million Native American artifacts, natural science specimens, and fine art pieces.
      • Hal Jensen Recreation Center - Is designed for family fun and fitness with a variety of drop-in hours.
      • Thorpe Park Center - Great place for the whole family including the furry ones. There are plenty of activities for the kids, playground area, picnic tables, lots of grass areas, sports fields, a dog park, adequate parking.  

Dining Nearby

Nearby restaurants include Nomads Global Lounge, if you are looking for an unusual menu with a great range of flavors this is a great place for you. You can also drop by at Tinderbox Kitchen and enjoy the good food and Flagstaff's authentic vibe. Satchmo’s is also a great place for dinner with a group. If you're looking for crafted BBQ and Cajun cooking it's just a small detour from the main road.

Nearby Schools

      • Manuel De Miguel Elementary School
      • Mount Elden Middle School
      • Flagstaff High School

Fort Tuthill Neighborhood Information 

Visit the Fort Tuthill community page  for more information about this southwest city Flagstaff community surrounded by nature filled scenery and exceptional mountain views. 

Contact Kelly Broaddus at kelly.broaddus@exprealty.com  or call 888-4465602 to see other houses and condos for sale in Flagstaff.

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Sept. 2, 2021

11380 N Onika Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

11380 N Onika Ln, Flagstaff, AZ 86004

 

Price Reduced! Amazing 360° Views from Single Story Flagstaff Home on 2.49 Acres

    5 Beds |   4 Baths | $734,980

 

This cozy single story 5 Bed/4 Bath single family home sits on a 2.49 acre lot with panoramic views of the Peaks as well as the National Forest. For the off-roaders it's a 5 minute drive to the Cinders!The block patio was recently installed, new exterior paint, as well as new AC/Heating Unit. 3 out of 5 bedrooms have an ensuite bathroom attached, which is great for visitors. Buyer installed a wonderful pool in ground for summer fun, as well a child-friendly jungle gym. A fence runs around the entire perimeter of the property which is spit for dogs and chickens,. The dirt road is under City survey and review; scheduled to be paved in 2022. 

Enjoy incredible 360 degree mountain views framed by your living room windows and sunsets over the peaks while relaxing on the patio. This fantastic home is wonderful for every season. Easy access off the 89 in a nice, friendly neighborhood, with forest access at the end of the road for hiking, biking, or horseback riding!  Don't miss this home that has it all!

Take a Virtual Tour

Photos and more information here:

northernarizonafinehomes.com/property/187239/

 

LOCATION

11380 North Onika Lane

Car-Dependent

Learn more about Black Bill Park Flagstaff

Onika Road District is being created right now! Road will be paved. Will add expense for new owner.

Amusement & Recreation 

  • North Pole Experience - Give the kids details about Santa and his workshop. Kids get to see Santa and help him makes toys. 
  • Walnut Canyon National Monument - Cliff dwellings of the Sinagua Indians, built in alcoves in the sandstone walls of a deep, wooded canyon near Flagstaff. Located about 10 mi (16 km) southeast of downtown Flagstaff, Arizona, near Interstate 40. 
  • Buffalo Park - Perfect walk to enjoy the outdoors, fresh air and close mountain views. Many Trails for all ages and even dogs. Plus the beautiful views of the San Francisco Peaks.

Dining Nearby

Nearby restaurants include The Horsemen Lodge Steakhouse, a relaxed cowboy-themed steakhouse offering all-day dining & an endless soup & salad bar. Another quick stop is at Coppa Cafe and Bistro. If you're in town you must try pizza with soppresetta, pistachio and honey at the Fat Olives

Schools

Children in this community typically go to the following nearby schools:

  • Sturgeon Cromer Elementary School PK-5
  • Sinagua Middle School 6-8
  • Coconino High School 9-12

Black Bill Park Neighborhood Information 

Black Bill Park in east Flagstaff provides homeowners with rural country living. Enjoy jaw dropping mountain views and access to miles of national forest. Visit the Black Bill Park area page to know more about homes in this area.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see this excellent family home in Brandis Map 33 or other houses for sale in Flagstaff.

 

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Sept. 2, 2021

6315 Saint Nicholas Circle Unit 31, Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

See all Homes for sale in Christmas Tree Estates

6315 N Saint Nicholas Cir UNIT 31, Flagstaff, AZ 86004

 Under Contract! Fantastic 3 Bedroom Townhouse Close to Flagstaff Mall
3 Beds | 3 Baths | $334,980

   3 Beds  | 3 Baths |$334,980

Affordable East Flagstaff townhouse with no HOA! Great primary residence, investment opportunity or a second home with a low maintenance lock and leave option. 3 bedrooms 3 Bathrooms and 2 living areas!!  Very roomy and comfortable with a convenient patio out back. Located near the base of Mount Elden, hiking/biking trails, shopping and restaurants at the Flagstaff Mall.  Don't miss out on this fantastic townhouse!

Photos and more information here: northernarizonafinehomes.com/property/187240/

 

Location

6315 Saint Nicholas Circle

Car-Dependent

Learn more about Christmas Tree in Flagstaff

Hwy 89N to Snowflake. Left on Christmas Tree, Right on Saint Nicholas. Home is on the right

 

Attractions & Recreation

Dining Nearby

Nearby restaurants include Mexican Place La Pacita Express, Elevated Pizza.  If you are craving for Cantonese cuisine and the latest Hong Kong-style Szechuan dishes, drop by Flaming Wok.

Schools

 Nearby schools include

 

 

Christmas Tree Estates Neighborhood

Christmas Tree Estates is the easternmost residential neighborhood in the city beyond the Flagstaff Mall.  If you are looking for an affordable home in Flagstaff, you might find your dream home in this community. This home will sell fast. Contact 888.446.5602 to set up an appointment.

 

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