Nov. 23, 2017

Happy Thanksgiving, Flagstaff!

Nov. 22, 2017

Flagstaff AZ Real Estate Market Update- October 2017

Flagstaff Real Estate Market Data, AZ Provided by The Kelly Broaddus Team of REMAX Fine Living / by Joselyn Uy

 October 2017 Flagstaff Home Sales


 Flagstaff Home Sales & Prices Climb in October 2017

Happy Thanksgiving! We hope you spend time enjoying the holidays with the persons who matter to you most. We are thankful to our wonderful clients who put their trust on us  to help them with one of the most important decisions in their lives- buying or selling your Flagstaff home. Here is our latest market stats.

October 2017 Flagstaff Home Sales & Prices

Great news! This year was the busiest October in more than a decade of Flagstaff home sales.  The median sale price this October came in at $376,000 up 9% from a year ago. The average price paid per-square-foot was $206 up 8% and the highest since 2007 when the average was $221 per square foot. There were 119 houses to have sold which is up 13%, making it the busiest October in 13 years.

Flagstaff Home Sales 2015 to 2017 

We are  moving into the slow season which are the months of December, January and February, so expect more softening in the Flagstaff market during the holidays.

Advice to Flagstaff Home Buyers

Home Affordability Today

  1.   Buy now. There are prospective buyers who think that it may not be a great move to buy a Flagstaff home right  now because it makes no sense from an affordability standpoint. Data gathered by the Mortgage Monitor says otherwise. The percentage of median income needed to buy a medium-priced home in Arizona today is less in comparison to almost anytime in history except during the housing bubble and bust. 
  2. Hire an amazing Flagstaff real estate agent.  It’s tempting for a first-time buyer to start shopping for a home without the help of a real estate professional, especially with the abundance of online information. But why would a first-time home buyer go at it alone, when the seller usually pays the commission to the buyer’s agent from sale proceeds? While commissions are always negotiable, a buyer doesn’t pay anything extra. The vast majority of people who have bought several homes and are familiar with the process still rely on a real estate agent, because they know that if something unexpected happens, they won’t have to fix it themselves.

Mortgage rates A 30 year fixed rate mortgage with 5% down is still around 3.75% with no points. Rates have risen from 2016's near-all-time lows, however lenders have increasingly eased guidelines to allow more access to credit for potential homeowners. 

Advice to Flagstaff Home Sellers

Seasonally, we are approaching the slowest months of the year for Flagstaff housing sales which is December, January, February and March. If you’ve been thinking about selling your home, you probably have tons of questions. Is this the right time to sell? Check out 7 Reasons to List Your Home This Holiday Season and find out why waiting to list probably does not make sense.

Your home is your biggest asset and you have a lot invested in it, both financially and emotionally. Here are 5 steps to ensure the success of your home sale: 

  1. Read your CMA: To understand how to price your home, an agent-provided Comparative Market Analysis will show homes similar to yours, both ones that have recently sold and ones listed for sale. Call Kelly at 888.446.5602 to get your FREE personalized home analysis.
  2. Understand the costs: Every seller has to do the hard math. You need to determine how much equity you have in your home, understand the closing costs involved, and determine how much you expect to net from the sale.
  3. Be ready for surprises: A flawless home sale is rare. Talk to your agent about what surprises you might encounter so you will be better prepared.
  4. Stage it: To make the best first impression, professionally staging a home makes rooms look bigger and brighter, downplays the negative, and accentuates the positive.
  5. Price it right: 45 percent of home sellers had to reduce their asking price at least once, which delayed the sale of their home, according to the National Association of Realtors. While your agent can share their pricing expertise, you set the price.

October 2017 Flagstaff Market Watch Summary

We are still a buyer's market for homes priced above $500,000 and a seller's market for homes priced under $500,000. 

Flagstaff Real Estate Total Home Sales- 119 homes, ^13% vs last year 

Median Home Price- $376,000 , up 9% vs last year 

The Most Expensive Flagstaff Single Family Home Sold in October 2017 Sold for $1,700,000 This 4 bedroom Forest Highlands luxury home is located on the Meadows golf course with views of the fairway, greens and ponds

October 2017's Most Expensive Flagstaff Townhome Sold for $850,000. It's a 3 bedroom Elk Pass townhome in Pine Canyon featuring beautiful views and luxurious finishes. 

The Most Affordable Flagstaff Homes Sold in October 2017: 

  • $205,000 - A 3 bedroom home backing 5.67 acres Kachina Parkway open space and across Raymond Park.  This house tops the list of the most affordable single family home
  • $170,000 -  This 2 bedroom unit with 900 sqft of living space located in The Village claim last month's most affordable condo spot. 
  • $204,900 - A 3 bedroom Swiss Manor home with great views of Mount Elden was October 2017's most affordable townhouse 

Days on Market (Flagstaff): More than 50 percent of homes that closed in October were on the market for 3 months or less. Longest days on market: 582 days Low mortgage rates help pick up the pace of home sales in the Flagstaff area.

Days on market indicates the period of time when a property goes active on the MLS to when it goes under contract. Luxury homes sold slower in October with national average days on market up to 172 days from 167 days in September. Phoenix AZ luxury homes stay 194 days on market (average). See the October 2017 Luxury Market Report.

We are your Flagstaff home experts!  Please contact us at 888.446.5602 or email if you are looking to buy or sell in Flagstaff/Sedona and the surrounding areas.

Download the full Flagstaff Market Report here

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Nov. 13, 2017

Welcome Home: 10 Tips to Turn Your Flagstaff Neighborhood Into a Hometown Haven

10 Tips to Turn Your Neighborhood Into a Hometown Haven 


"Communities work better (students perform better, crime rates are lower, kids are safer, people live longer) when neighbors know one another better. Knowing your neighbor on a first-name a surprisingly effective first step." 
Robert Putnam, Harvard Public Policy Professor and author of Bowling Alone


While advancements in technology have made it possible for us to connect with people from around the world, numerous studies show that it has led to a decline in face-to-face interactions.1

Places where we used to strike up casual conversations—such as a doctor’s office waiting room, bus stop or grocery line—are now filled with people looking at their smart phones, barely acknowledging those around them.

Even many families dining together or relaxing in the evenings can be caught spending more time focused on screens than each other. Is it any surprise that we’ve experienced a steady decline in community involvement?

In his book Bowling Alone, Harvard Public Policy Professor Robert Putnam “draws on evidence including nearly 500,000 interviews over the last quarter century to show that we sign fewer petitions, belong to fewer organizations that meet, know our neighbors less, meet with friends less frequently, and even socialize with our families less often.”2

How is this shift impacting our overall well being? A study by Oregon Health & Science University researchers found that having limited face-to-face social contact nearly doubles an individual’s risk of depression.3

 DOWNLOAD YOUR PRINTABLE COPY : 10 Tips to Turn Your Neighborhood Into a Hometown Haven


If you’re considering a move to a new city or Flagstaff neighborhood, you may be worried about replacing the comfort and support of family and friends you’ll leave behind. Or perhaps you have completed a move but would like to meet more people, build friendships and strengthen your support system.

In this blog post, we’ll explore 10 ways you can utilize technology to foster in-person connections with your neighbors, make friends and get engaged in your local Flagstaff community.




A growing number of neighborhoods are utilizing private social networks like U.S.-based Nextdoor and Canadian-based GoNeighbour. These platforms are designed specifically to connect neighbors and include an address verification process.

Residents post about a variety of topics, including neighborhood news, recommendations for local businesses, lost pets, etc. These platforms are a great way to stay up-to-date on what’s happening in your neighborhood, but don’t just use them to connect virtually. Extend an invitation to your neighbors to attend an in-person event, such as a park playdate for families, an informal soccer game or a potluck block party.




If you have a religious affiliation, joining a local place of worship is great way to meet people and get involved in your community. Aside from attending services, most religious institutions also host extracurricular activities to foster fellowship amongst the congregation.

Whether you are looking to join a church, synagogue, mosque or temple, there are a variety of online resources available to help you find a match in your area, including:

To make the most of your affiliation, look for opportunities to meet in smaller group settings. It’s a great way to form interpersonal relationships with people who share your beliefs and values.




Whatever your favorite hobby or pastime, you’re guaranteed to meet people who share your interests when you join an interest group!

The website has over 32 million members in 288,000 groups in 182 countries. You can search for a group in your area that appeals to you … from book clubs to running groups to professional networking, they have it all.

If you don’t find what you’re looking for, you can start your own group for a monthly fee. The site makes it easy to ask (or require) members to pitch in to cover the cost. It also enables you to promote a corporate sponsor on your page, so you may be able to find a local business to cover the cost.

Most people who join Meetup are there for the same reason you are … to meet people who share their interests. So it’s a great place to make like-minded friends in your community.




Volunteering your time and talents is another good way to get engaged in your community and meet those who share a similar mission.

Most nonprofit organizations rely heavily on volunteers. Find one with a cause you’re passionate about by visiting VolunteerMatch.

You can search by cause, location and keywords, and filter your results to include opportunities that are suitable for kids, seniors or groups. Another option is to search for volunteer positions that require specialized skills. Perhaps you’re musical or maybe you’re good with computers. There could be an organization in your area that needs your talents or skills.

Lotsa Helping Hands is another site focused on connecting volunteers with those in need. Members can request help or search for opportunities to assist others in their area. Most of the volunteer opportunities involve aiding neighbors who are ill or elderly by delivering meals, offering rides to appointments or just stopping by for a visit. This can be a great way to make a direct impact on your neighbors who need a helping hand!




Taking a class is a wonderful way to develop a skill while meeting people who share your interests and passion for learning.

Whether you want to brush up on your Spanish, finish your novel, or learn how to tango, most community colleges offer inexpensive, non-credit classes on a variety of topics.

And if you are pursuing a degree, forego taking your courses online. Opt for the traditional route instead. There’s no substitute for being part of a live community of your peers.

To search for a community college in your area, visit the American Association of Community Colleges.




Attending a live event is another way to engage with members of your community. From festivals to fundraisers to retreats, Eventbrite is a great place to search for events in your area. You can filter your search by category, event type, date and price to find something that fits your interests, schedule and budget.

Be strategic about the type of event you choose. For example, while attending a large festival might be a fun way to feel engaged with your community, it might also be harder to meet people. A retreat or a networking event may offer more opportunities for one-on-one interaction.




Everyone’s talking about the rise of the “sharing economy” with the popularity of Uber and Airbnb. But there’s also been a rise in “sharing communities,” which facilitate the free exchange of goods among neighbors to reduce consumption and keep usable items out of landfills.

Nonprofit groups like The Freecycle Network are made up of people who are giving (and getting) stuff for free in their own towns and neighborhoods. Members can post “offers” of free items or “wanted” items they need.

The company Peerby has a similar goal of reducing consumption by encouraging neighbors to lend and borrow items they don’t often use. For example, you can offer to share your blender, rake or ladder. Maybe you need to borrow a drill, cake pan or moving trolley. Peerby enables you to request items to borrow from your neighbors and encourages you to register items you are willing to lend.

The Little Free Library is another innovative way neighbors are participating in a sharing community. Stewards build or purchase a box to house the library and fill it with books they are willing to give away. The library is usually placed in their front yard or in a public outdoor space. Visitors are encouraged to take a book they’d like to read, and in exchange leave a book for someone else to enjoy. With over 60,000 libraries in 80 countries, the organization estimates millions of books are exchanged annually among neighbors.




Community gardens have become increasingly popular in both urban and rural areas across North America. Not only do they beautify a neighborhood, they also foster community, encourage self-reliance, reduce family food budgets, conserve resources, and provide opportunities for recreation and exercise.

The mission of the American Community Gardening Association is to build community by increasing and enhancing community gardening and greening across the United States and Canada. The organization’s website enables you to search for existing community gardens in your area. If there isn’t one nearby, you might considering starting one. The site provides helpful tips and resources for organizing a garden in your neighborhood.




In the spirit of joining a “sharing community,” carpooling offers many similar benefits. It presents an opportunity to form a bond with coworkers and/or neighbors during your daily commute. Additionally, you can save money on gas, reduce wear-and-tear on your vehicle, lower carbon emissions, and in many cities reduce your commute time by taking advantage of high-occupancy vehicle (HOV) travel lanes.

The success of ridesharing companies like Uber and Lyft has spurred a new wave of carpooling websites and apps that aim to revolutionize the way we commute by making it easier and more convenient to carpool. While many of these are still in their infancy stages, they are expanding into new markets and improving functionality at a rapid pace.

Kangaride Local, Scoop and Waze Carpool are just a few examples, and more are popping up every day. They are currently available in limited markets throughout the United States and Canada, but are becoming prevalent in more cities as residents opt-in. Check to see if any of these are available in your local area.

Alternatively, you can try posting on your neighborhood’s social network to see if one or more of your neighbors are commuting to a nearby location. Take turns driving and start benefiting from all that carpooling has to offer!




The organizers behind World Neighbors Day promote it as “an invitation to share a moment with your neighbors, to get to know each other better and develop a real sense of community.”

In Canada it’s held on the second Saturday in June, and in the United States it’s held on the third Sunday in September. Participants are encouraged to organize gatherings with their neighbors to build relationships that “form the fabric of our communities.”

You can participate by attending or organizing a gathering in your neighborhood. Examples include: a block party, outdoor movie screening, book exchange, charity bake sale, volleyball game, etc. Anything that brings neighbors together in a fun and relaxed setting is a good choice!

Gatherings can be promoted through your neighborhood’s social media network, blog or listserv, or you can go the old-fashioned route and hand out flyers door-to-door. Whatever you do, be sure to make your gathering inclusive and welcoming to all.




As with anything in life, you will get out what you put in. It can take time to build lasting and meaningful friendships with your neighbors, but the effort you make is likely to pay off tenfold.

The tried-and-true way to make friends, expand your circle, grow your support system and get engaged in your community? Be a good neighbor yourself.


What are the best ways you’ve found to meet and engage with your Flagstaff neighbors? Share your success stories or challenges in the comments below!



  1. Lengacher, L. (2015) Mobile Technology: Its Effect on Face-to-Face Communication and Interpersonal Interaction. Undergraduate Research Journal for the Human Sciences –
  2. Putnam, R. (2000) Bowling Alone. New York: Simon & Schuster –
  3. Bergland, C. (2015 October 5) Face-to-Face Social Contact Reduces Risk of Depression. Psychology Today


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Oct. 23, 2017

Flagstaff AZ Real Estate Market Update- September 2017

Flagstaff Real Estate Market Data, AZ Provided by The Kelly Broaddus Team of REMAX Fine Living / by Joselyn Uy

 September 2017 Flagstaff Home Sales


 Flagstaff Home Sales & Prices Hit New High in September 2017

We have a lot of exciting news to share with you today. Flagstaff home sales have not slowed down. The Kelly Broaddus Team with RE/MAX Fine Properties finished September 2017 with over $2.5 M in sales and helped 3 home buyers and 2 clients sell their homes.

Flagstaff Home Sales & Prices

For the month, there were a total of 138 single family home sales which is up 12% from last year. This is a new monthly record. Here are the numbers for the 3rd quarter and year-to-date

September housing prices in the greater Flagstaff area hit new monthly and quarterly highs! The September median sale price came in at $383,000 up 6% from a year ago, surpassing the previous September high of $382,000 set in 2006.  The average price paid per-square-foot was $207 up 10% compared to last September. This is not a new record; in September of 2006 buyers paid an average of $230/sq ft. 

Advice to Buyers

Moving-Up to a Flagstaff Luxury Home? Now’s the Time! If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.

Inventory MismatchThe inventory of homes for sale in the Flagstaff luxury market far exceeds those searching to purchase these properties. This means that homes are often staying on the market longer which can eventually lead to a price change. Last year in the 4th quarter there were a total of 269 sales and this year in the first quarter there were 177. This is the reason we’re seeing quite a few price reductions.

Mortgage rates A 30 year fixed rate mortgage with 5% down is now at 3.75% with no points. Rates have risen from 2016's near-all-time lows, however lenders have increasingly eased guidelines to allow more access to credit for potential homeowners. 

Advice to Sellers

  Inventory levels have improved as we move into the final quarter of the year however there continues to be a shortage of affordable homes for sale (under $500,000). If you are considering selling your home under $500K, IT IS TIME TO LIST YOUR HOME TODAY! Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps. Call Kelly at 888.446.5602

September 2017 Flagstaff Market Watch Summary

We are still a buyer's market for homes priced above $500,000 and a seller's market for homes priced under $500,000. 

Flagstaff Real Estate Total Home Sales- 138 homes, 12% vs last year 

Median Home Price- $383,000 , up  6% vs last year 

The Most Expensive Flagstaff Single Family Home Sold in September 2017 Sold for $1,545,000 This 4 bedroom Pine Canyon luxury home overlooks the golf course's 8th fairway, 9th tee box, and lake. 

September 2017's Most Expensive Flagstaff Condo Sold for $625,000. It's a 3 bedroom condo unit in Tourmaline Drive on Pine Canyon featuring beautiful golf and lake views. 

The Most Affordable Flagstaff Homes Sold in September 2017: 

  • $205,000 - A 3 bedroom home backing 5.67 acres Kachina Parkway open space and across Raymond Park.  This house tops the list of the most affordable single family home that sold last month. 
  • $120,000 -  The Arbors downstairs studio unit claim last month's most affordable condo spot. 
  • $219,000 - An upgraded 2 bedroom home in Greenlaw Townhouses, Lower Greenlaw was September 2017's most affordable townhouse 

Longest Days on Market (Flagstaff): 538 - this multilevel, 4 bedroom new build in the southwest area Flagstaff, a new subdivision The Sanctuary 

Days on market indicates the period of time when a property goes active on the MLS to when it goes under contract. Luxury homes sold slower in August with national average days on market down to 162 days from 156 days in July. Phoenix AZ luxury homes stay 194 days on market (average). See the September 2017 Luxury Market Report.

We are your Flagstaff home experts!  Please contact us at 888.446.5602 or email if you are looking to buy or sell in Flagstaff/Sedona and the surrounding areas.

Download the full Flagstaff Market Report here

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Oct. 18, 2017

Why Real Estate Investing In Flagstaff, AZ Makes (Dollars and) Sense

Kelly Broaddus | 928-606-6749 | Contact Us

Why Real Estate Investing In Flagstaff, AZ Makes (Dollars and) Sense


Turn on the television or scroll through Facebook, and chances are you’ll see at least one advertisement for a group or “guru” who promises to teach you how to “get rich quick” through real estate investing. The truth is, much of what they’re selling are high-risk tactics that aren’t a good fit for the average investor. However, there is a way to make steady, predictable, low-risk income through real estate investing. In this blog post, we’ll examine the tried-and-true tactics that can be used to increase your income, pay off debt … even fund your retirement! 


One of the basic principles of real estate investment lies in this fact: everyone needs a place to live. And according to the Bureau of Labor Statistics’ most recent Consumer Expenditures Survey, housing is typically an American’s largest expense.1

But there are other reasons why Flagstaff real estate is a great investment choice, and we’ve outlined the top five below:

1. Appreciation

Appreciation is the increase in your property’s value over time. History has proven that over an extended period of time, the value of real estate continues to rise. That doesn’t mean recessions won’t occur. The real estate market is cyclical, and market ups and downs are natural. In fact, the U.S. housing market took a sharp downturn in 2008, and many properties took several years to recover their value. However, in the vast majority of markets, the value of real estate does grow over the long term.

 S&P CoreLogic Case-Shiller National Home Price Index

The S&P CoreLogic Case-Shiller National Home Price Index, which tracks U.S. residential real estate prices, released its latest results on August 29 with the headline “National Home Price Index Rises Again to All Time High.”2

While no investment is without risk, real estate has proven again and again to be a solid choice to invest your money over the long term.

2. Hedge Against Inflation

Inflation is the rate at which the general cost of goods and services rises. As inflation rises, prices go up. This means the money you have in your bank account is essentially worth less because your purchasing power has decreased.

Luckily, real estate prices also rise when inflation increases. That means any money you have invested in real estate will rise with (or often exceed) the rate of inflation. Therefore, real estate is a smart place to put your money to guard against inflation.

3. Cash Flow or Rental Income

One of the big benefits of investing in real estate over the stock market is its ability to provide a fairly steady and predictable monthly cash flow. That is, if you choose to rent out your Flagstaff investment property to a tenant, you can expect to receive a rent payment each month.

Top 3 Reasons To Buy Investment PropertyIf you’ve invested wisely, the rent payment should cover the debt obligation you may have on the property (i.e. mortgage), as well as any repairs and maintenance that are needed. Ideally, the monthly rental income would be great enough to leave you a little extra cash each month, as well. You could use that extra money to pay off the mortgage faster, cover your own household expenses, or save for another investment property.

Even if you only take in enough rent to cover your expenses, a rental property purchase will pay for itself over time. As you pay down the mortgage every month with your rental income, your equity will continue to increase, until you own the property free and clear … leaving you with residual cash flow for years to come. 

As the owner, you will also benefit from the property’s appreciation when it comes time to sell. This can be a great way to save for retirement or even fund a child’s college education. Purchase a property when the child is young, and with a little discipline, it can be paid off by the time they are ready to go to college. You can sell it for a lump sum, or use the monthly income to pay their tuition and expenses.

4. Leverage

One of the unique features that sets Arizona real estate apart from other asset classes is the ability to leverage your investment. Leverage is the use of borrowed capital to increase the potential return of an investment.

For example, if you purchase an investment property for $100,000, you might put 10% down ($10,000) and borrow the remaining $90,000 in the form of a mortgage.

Even though you’ve only invested $10,000 at this point, you have the ability to earn a profit on the entire $100,000 investment. So, if the property appreciates to $120,000 – a 20% increase over the purchase price – you still only have to pay the bank back the original $90,000 (plus interest) … and you get to keep the $20,000 profit.

That means you made $20,000 off of a $10,000 investment, essentially doubling your money, even though the market only went up by 20%! That’s the power of leverage.

5. Tax Advantages

One of the top reasons to invest in real estate is the tax benefit. There are numerous ways a Flagstaff real estate investment can save you money each year on taxes:

Tax Benefits of Real Estate Investing

  • Depreciation

When you record your income from a rental property on your annual tax return, you get to deduct any expenses associated with the investment. This includes interest paid on the mortgage, maintenance, repairs and improvements, but it also includes something called depreciation.

Depreciation is the theoretical loss your property suffers each year due to aging. While it’s true that as a home ages it will structurally need repairs and systems will eventually need to be replaced, we’ve also learned in this post that the value of real estate appreciates over time. So getting to claim a “loss” on your investment that is actually gaining in value makes real estate an appealing investment choice.

  • Serial Home Selling

Even if you’re not interested in owning a rental property, other types of real estate investments offer tax advantages, as well. Generally, when you own an investment property you pay a capital gains tax on any profits you make when you sell the property.

However, when you sell your principal residence, you are exempt from paying taxes on capital gains (up to $250,000 for singles and $500,000 for couples). The Internal Revenue Service (IRS) only requires that you live in the house for two of the previous five years. That means you can purchase an investment property, live in it while you remodel it, and then sell it for a tax-free profit two years later. This can be a great way to get started in real estate investing. 

  • Section 1031 Exchanges

In addition to profiting off of your personal residence tax free, it is possible to sell an investment property tax free if you do it through a 1031 Exchange. If structured properly, the IRS Tax Code enables an investor to sell a property and reinvest the proceeds in a new property while deferring all capital gains taxes.

  • Tax-Deferred Retirement Account

It’s a common misconception that you can only purchase financial instruments (i.e. stocks, bonds, mutual funds, etc.) through an Individual Retirement Account (IRA) or 401(k). In actuality, the IRS allows individuals to invest retirement funds in real estate and other alternative types of investments, as well. By purchasing your investment property through an IRA, you can take advantage of all of the tax savings these accounts offer.

Be sure to consult a tax professional regarding all tax matters related to your real estate investments. If structured correctly, the profits you earn on your real estate investments can be largely shielded from tax liability. Just another reason to choose real estate as your preferred investment vehicle.



While there are numerous ways to invest in Flagstaff real estate, we’re going to focus on three primary ways average investors earn money through real estate. We touched on several of these already in the previous section.

1. Remodel and Resell

HGTV has countless “reality” shows featuring property flippers who make this investment strategy look easy. Commonly referred to as a “Fix and Flip,” investors purchase a property with the intention of remodeling it in a short period of time, with the hope of selling it quickly for a profit.

This is a higher-risk tactic, and one for which many of the real estate “gurus” we talked about earlier claim to have the magic formula. They promise huge profits in a short amount of time. But investors need to understand the risks involved, and be prepared financially to cover additional expenses that may arise.

Luckily, an experienced real estate agent can help you identify properties that may be good candidates for this type of investment strategy… and help you avoid some of the pitfalls that could derail your plans.

2. Traditional Rental

One of the more conservative choices for investing in real estate is to purchase a rental property. The appeal of a rental property is that you can generate cash flow to cover the expenses, while taking advantage of the property’s long-term appreciation in value, and the tax benefits of investing in real estate. It’s a win-win, and a great way for first-time investors to get started. 

And according to the U.S. Bureau of Labor Statistics, rents for primary residences have increased 21.9 percent between 2007 and 2015 as demand for rental units continues to grow.1

3. Short-term Rental

With the huge movement toward a “sharing economy,” platforms that facilitate short-term rentals, like Airbnb and HomeAway, are booming. Their popularity has spurred a growing trend toward dual-purpose vacation homes, which owners use themselves part of the year, and rent out the remainder of the time. There are also a growing number of investors purchasing single-family homes for the sole purpose of leasing them on these sites.

Short-term rentals offer several benefits over traditional rentals, which many investors find attractive, including flexibility and higher profit margins. However, the most profitable properties are strategically located near popular tourist destinations. You’ll need an experienced real estate professional to help you identify the right property if you want to be successful in this highly-competitive market.


We’ve all heard stories, or maybe even know someone, who struck it rich with a well-timed real estate purchase. However, just like any investment strategy, a high potential for earnings often goes hand-in-hand with an increase in risk. Still, there’s substantial evidence that a well-executed real estate investment can be one of the best choices for your money.

Purchasing a home to remodel and resell can be highly profitable, as long as you have a trusted team in place to complete the remodel quickly and within budget … and the financial means to carry the property for a few extra months if delays occur.

Or, if you buy a house for appreciation and cash flow, you can ride through the market ups and downs without stress because you know your property value is bound to increase over time, and your expenses are covered by your rental income.

In either scenario, make sure you’re working with a Flagstaff real estate agent who has knowledge of the investment market and can guide you through the process. While no investment is without risk, a conservative and well-planned investment in Flagstaff real estate can supplement your income and set you up for future financial security.

If you are considering an investment in Flagstaff real estate, please contact us at 888.446.5602  or email to set up a free consultation. We have experience working with all types of investors and can help you determine the best strategy to meet your investment goals.

DOWNLOAD YOUR FREE REPORT: Real Estate Investing Makes $$$ And Sense 


  1. Bureau of Labor Statistics Consumer Expenditure Survey Annual Report  –
  2. S&P Dow Jones Indices Press Release –
  3. Durden, T. (2016 November 29). US Home Prices Rise Above July 2006 Levels, Hit New Record High [blog post] ZeroHedge  –

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Sept. 29, 2017

Kelly Broaddus Brings Home National Honor

by Joselyn Uy

Broker Agent Advisor 

Kelly Broaddus of RE/MAX Fine Properties has been distinguished by Broker/Agent™ Advisor as one of the best in business based on achievement, potential, leadership, ethics, community value, experience, capability, and trust for their service during the calendar year of 2016. Now in its 21st year, Broker/Agent™ Advisor celebrates the success and accomplishment of the industry’s finest real estate professionals through it’s exclusive ‘Certificate of Excellence’ Program.

Broker/Agent™ Advisor Honors Achievement

“Kelly exemplifies the type of professional we designed this award for,” says Chad Golladay, Executive Publisher of Broker/Agent™ Advisor. “A true credit to their company, profession, and community both inside and outside of their real estate practice; one with whom the honor is truly ours in being able to share this award.”

There is no cost or fee required for this award, and all applicant’s credentials are verified, which makes this honor one of the most genuine in the industry towards identifying those truly worthy of special recognition and distinction.

Kelly Broaddus can be found in Broker/Agent™ Advisor's national online directory of award recipients here:


More About Broker/Agent™ Advisor

Established in 1996 Broker?Agent™ is a real estate trade publication which provides information, tools, and resources to assist the modern real estate professional in achieving greater success through their real practice. Discover more about our award program here...


About Kelly Broaddus

Kelly Broaddus, an associate broker, leads the Kelly Broaddus Real Estate Advisors Team with RE/MAX Fine Properties. It is a top producing real estate team based in Flagstaff, AZ offering real estate solutions to homebuyers and sellers in Flagstaff, Sedona, Cornville, Williams and nearby areas. RE/MAX Fine Properties is one of the largest REMAX real estate firm in Arizona with offices in Scottsdale and Flagstaff. Founded in 1997, the brokerage has 170 Realtors® and specializes in Residential real estate. 


Sept. 26, 2017

Flagstaff AZ Real Estate Market Update- August 2017

Flagstaff Real Estate Market Data, AZ Provided by The Kelly Broaddus Team of REMAX Fine Living / by Joselyn Uy

 June 2017 Flagstaff Home Sales


 Flagstaff Home Price Set New All-Time High

The trees and leaves have begun to change their colors to fall gold. It's time to head up the mountain and enjoy the cooler temps, stunning views and fun activities that Flagstaff has to offer. In the greater Flagstaff area, the median sale price of a house sold in August soared 8% to $380,000 year-over-year. There is so much demand but very few affordable homes that home prices have nowhere to go but up. This is the new record high for the month of August, smashing the previous record of $375,000 in August of 2007. This is the first time that a new monthly all-time high has been set after coming close on a couple of occasions earlier this year. 

August Home Sales in Flagstaff...

Is down. Is it alarming? Not really. There were a total of 123 house sales which is down 7% from August of last year. This is the second busiest August in a more than a decade.

When asked about the state of the Flagstaff market right now, Kelly Broaddus, one of the busiest agents in Flagstaff has this to say: (The market is) "Still pretty strong in the lower price ranges, I feel a bit of softening in the higher price points."

US home sales declined by 1.7% in August 2017 according to the National Association of Realtors (NAR). "Sales have been unable to break out because there are simply not enough homes for sale," Lawrence Yun, NAR Chief Economist.

Advice to Flagstaff HomeBuyers 

2290 Tom Mcmillan Flagstaff, AZ 86005Flagstaff home inventory has recovered and is about the same level as last year. The market remains favorable to luxury homebuyers with over 9 months of supply of homes priced above $500,000. The supply of homes for sale is weakest at the lower price ranges. This is holding back a few boomers wanting to relocate in Flagstaff and some renters who would prefer to be homeowners. Here's our advice:

  1. Get to know how much you can really afford. Find out here: What’s Your Home Buying Power?
  2. Get your finances in order. Make sure you have enough funds for closing costs. More Than Half of All Buyers Are Surprised by Closing Costs
  3. Take advantage of low mortgage rates. A 30 year fixed rate, with only 5% down is holding steady at 3.625% with no points. Pundits predict a slow rise in mortgage rates starting October.
  4. If you are a first-time buyer or a homeowner ready to move up to a new home, we can help you get in touch with our trusted mortgage lenders to make your home buying dreams a reality sooner. Contact Kelly

Advice to Homesellers

High consumer confidence and low mortgage rates are fueling the demand for Flagstaff real estate, and more prospective homebuyers are expected to enter the housing market. These include people who have been negatively affected by the housing bust and waited seven years for their bankruptcy to disappear off their credit reports. Thinking of selling? Check these out:

Online estimates do not include recent upgrades that add value to your home. Take the next step! Contact us for a personalized evaluation to find out how much your home is really worth. Call Kelly at 888.446.5602

August 2017 Flagstaff Marketwatch Summary

We are still a buyer's market for homes priced above $500,000 and a seller's market for homes priced under $500,000. 

Flagstaff Real Estate Total Home Sales- 123, down 7% vs last year

Median Home Price- $380k, up 7 % vs last year 

The Most Expensive Single Family Home in August 2017 Sold for $2,250,000 - a cool million more than last month's #1. This 5 bedroom Pine Canyon luxury home broke the 4 consecutive month streak of Forest Highland homes. A GEM electric car and furnishings were included in the price. 

August 2017's Most Expensive Flagstaff Townhouse Sold for $415,000. It's an updated townhome on Lakeside Acres featuring one of the best views of Lake Elaine. 

The Most Affordable Home Flagstaff Homes Sold in August 2017: 

  • $90,000 - A 3 bedroom home on 20 acres in Alpine Ranches, great off-grid location in Leupp/Winona Area. This house tops the list of the most affordable single family home that sold last month. 
  • $150,000 -  A University Meadows condo backing Arizona State Park and Riordan Mansion claim last month's most affordable condo spot. 
  • $135,000 - August 2017's most affordable townhouse located in Sunnyside 
  • $81,500 - Most affordable manufactured home sold in August 2017

Longest Days on Market (Flagstaff): 643 - this 3 bedroom Rio Homes townhome is part of the Flagstaff Affordability Program and is deed restricted. Call us if you would like to know more about this program. 

Days on market indicates the period of time when a property goes active on the MLS to when it goes under contract. Luxury homes sold slower in August with national average days on market down to 162 days from 156 days in July. Phoenix AZ luxury homes stay 194 days on market (average). See the August 2017 Luxury Market Report.

We are your Flagstaff home experts!  Please contact us at 888.446.5602 or email if you are looking to buy or sell in Flagstaff/Sedona and the surrounding areas.

Download the full Flagstaff Market Report here

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September 2017 Market Report

July 2017 Market Report

Sept. 25, 2017

The Consumer’s Guide to Hiring an Amazing Real Estate Agent in Flagstaff

Kelly Broaddus | 928-606-6749 | Contact Us

How To Hire an Amazing Real Estate Agent

When you’re buying or selling a home, it’s crucial to work with a qualified real estate agent. Not just a professional, but an amazing agent and a market expert. So how do you ensure you’re hiring an amazing Flagstaff real estate agent?

There are currently more than two million real estate professionals in North America.1,2 With so many options to choose from, how does a prospective home buyer or seller choose the right agent or broker? According to the National Association of Realtors®, trust and reputation are the top deciding factors consumers use when hiring an agent.3

But how do you measure trust and reputation ... and what criteria can be used to help you make your decision?

In this guide, we've outlined the top attributes that amazing agents possess, as well as the questions you can ask to make sure you’re working with the right market expert to achieve your real estate goals. DOWNLOAD MY FREE CONSUMER GUIDE 


As we mentioned above, not all real estate professionals are the same. And it’s easy to be overwhelmed by the options and information about working with real estate professionals to buy or sell your home. In fact, many real estate markets are oversaturated with agents.

To help you understand what makes top agents and market experts stand apart from the competition, the following are five key attributes of an amazing agent:

1. A Pricing Specialist

If an agent has their real estate license, they know the basics of the transaction process. They know what goes into buying and selling a home. However, there’s a difference between knowing the process and navigating it for an ideal result. This ideal result often means buying or selling a home for the best price.

For buyers, amazing agents have a strong understanding of market trends, competition, and how to make your offer attractive to sellers. They can help you identify and secure a deal to ensure you get the home you want, within your desired budget.

If you’re selling a home, market experts have experience pricing homes optimally for the market and creating pricing plans to minimize the time spent selling the home. This will help you sell for your desired price, and avoid costs like additional mortgage and utility payments.


Takeaway: Whether buying or selling a home, pricing can be tricky. Market experts can help navigate best-possible pricing strategies, and also secure the home you want within your budget.

2. An Effective Time Manager

It’s common to underestimate the amount of time it takes to buy or sell your home. The average real estate agent may not be utilizing the latest tools and technology to make the transaction easier and more cost-effective for their clients. Market experts have tools and strategies at their disposal to minimize the amount of time you spend on the process.

For sellers, market experts can make sure you only deal with qualified buyers, not the “window shoppers” who can waste your time. We also utilize the latest marketing practices to advertise and price your home effectively, ensuring it gets sold quickly.

When looking to buy a home, inexperienced agents may waste your time by showing you homes that are not a good fit for you. A market expert knows how to prioritize your needs and wants to find you the ideal home within your budget. They also know how to spot “red flags” and can steer you away from homes that are likely to turn up major issues in a real estate inspection, saving you time and money.

In addition, well-networked Realtors can gain access to the hottest listings before many websites do. Their extensive professional networks can help identify “pre-list” homes before they’re officially on the market. This can be invaluable in a highly-competitive real estate market.


Takeaway: Even a well-intentioned agent may not have the skills, tools or technology to make the experience easy for you. There are lots of hidden activities that may take up unexpected time, and a market expert will save you time and energy.


3. A Market Insider

While most agents can pull market stats about a neighborhood, community or city, they may not understand important trends or developments that would affect your transaction. These can include the state of the school district, issues with a homeowner association, new businesses in the area, zoning rules or trends in home prices.

Market experts live and breathe local real estate and know the trigger points for buying and selling in this market. We also stay current on effective marketing and negotiation practices, resulting in our track record of success.

For sellers, we understand what features of your home and neighborhood are assets in the selling process. And for buyers, we share a deep understanding of market factors, including school and neighborhood quality, crime statistics, the speed of sales and more.


Takeaway: Getting relevant and specific market knowledge can be difficult and time-consuming, which is why many real estate agents don’t have it. Whether you’re buying or selling a home, an experienced real estate agent is often the best source of information about a city, neighborhood, or even street … we’re literally conducting market research every day.


4. A Strong Negotiator

Amazing agents truly set themselves apart in their ability to negotiate. Unfortunately, a large portion of agents doesn't commit their full time to increase this key skill.

Real estate negotiations can be challenging, even for seasoned professionals. It takes skill, experience and a knowledge of how to fight for your client’s best interests. While any agent can enter negotiations to buy or sell a home, they may not know the effective strategies to exit those negotiations with the result you want.

Experienced Realtors focus on negotiation as a key skill. We understand what to do before entering negotiations (establishing the upper hand to set up the best outcome), as well as during the process (when to offer or accept concessions). 


Takeaway: Many agents can feel the stress of the negotiation process, and may agree to terms of the buyer/seller. Working with a market expert will help ensure you get the best deal, not just the fastest deal.


5. An Effective Closer

Closing a deal fast is often a good thing. For buyers, it means you found the home you wanted quickly. For sellers, it often means you can avoid the added expenses of mortgage and utility payments, and maximize the value of your home sale.

However, an agent solely focused on speed can make decisions that aren’t in your best interests. Top real estate professionals know how to not only achieve your real estate goals quickly but in the right way to avoid potential pitfalls.

Just like negotiations, the paperwork and process of closing a real estate transaction are complicated. And they can be overwhelming for the average agent who hasn’t handled a lot of transactions. Sales contracts, property disclosures, occupancy agreements and even lead paint records need to be executed with precision. Your agent not only needs to be familiar with these but also stay current on any changes in requirements or regulations.

Market experts have a strong understanding of real estate contracts, timelines, clauses and contingencies within the closing process. In fact, avoiding pitfalls during the closing process is where many sellers find an experienced Realtor is a huge asset.


Takeaway: Many agents don’t have a firm understanding of contracts. Because a real estate transaction often involves a significant investment, even a small mistake can mean serious trouble. With that in mind, it’s often best, and most responsible, to work with a true market expert.



So how do you know if you’re working with an amazing agent?

The first step would be to “shop around.” Many people work with the first agent they come across without a firm understanding of their level of experience. It’s always a good idea to interview a number of agents before selecting one. If you’ve gotten referrals from people you trust, then you may only need to interview 2-3 agents.

However, it can be tough to know what to ask in the interview process. Here are some questions that can help you qualify the best agent to help you achieve your real estate goals:

1.     Can you send me some information about yourself?

Look for professionalism and consistency. What are their professional accomplishments? Also, try to identify how they approach their work. Look for a business person who has a strategy and solid support system. If they’re a newer agent, ask about their team’s dynamic and accomplishments.

2.     How long have you been in real estate?

The average Realtor has 10 years of experience4. But while longevity is important, even more telling are the number of transactions they have closed or been involved in. So feel free to also ask: “How many homes have you sold in this area?” 

3.     What will you do to keep me informed?

Do you want daily or weekly reports from your agent? Will the agent be able to meet these expectations? Determine how much communication you want, and then find an agent who will give you the attention and time you want and deserve.

4.     Can you provide me with further resources I may need?

From market reports and pricing trends to school performance and crime statistics, top agents have resources at their disposal. In addition, market experts have built strong relationships with their extended team of professionals, and can often get expedient service or be able to “cash in a favor” for you should a need arise.

5.  Seller only: Can you share with me your plan to market my property? Many agents will simply put your home on the MLS and wait for it to sell. An amazing agent should have a detailed plan of how to get your home exposure on social media, to their local networks, and more.



Now that you’re armed with the 5 Attributes of Amazing Agents and the Top Questions to ensure you work with the best possible Flagstaff real estate agent, you’re ready to start interviewing agents.

We’d love an opportunity to win your business here in Flagstaff and nearby towns/cities. Schedule a free consultation with us to find out how true market experts in Flagstaff can help you achieve your real estate goals! CONTACT US!

Call Kelly Broaddus at 888.446.5602


  1. National Association of REALTORS –
  2. Financial Post –
  3. National Association of REALTORS –


  1. National Association of REALTORS –


Assesed Value VS Market Value

Your Home's Assessed Value vs Market Value

What's Your Homebuying Power

What’s Your Home Buying Power? (What Can We Afford?)

Sept. 20, 2017

4 Tips That Will Take the Stress Out of Moving With Your Dog

Guest post by Cindy Aldrige (

4 Tips That Will Take the Stress Out of Moving With Your Dog

Image via Unsplash

As you prepare to buy and move into a new home, you have a checklist of everything you need. From the features you want in your dream home to all that has to be accomplished before moving day, you know exactly what needs to happen and when. But if you’re a dog owner, there may be one aspect of your move you’re overlooking: Your four-legged companion. Even if the last thing you need is one more item on your to-do list, adding these will make your move more successful and stress-free.

1. Find a House that Makes Dog Ownership Easy

When it comes to living with a dog, space can make or break the arrangement. A small home with plush carpets looks quaint but put a big dog in it and you’ll have unpleasant pet odors in no time. Similarly, floor-to-ceiling windows look elegant until their lower half is covered in nose smudges and paw prints.


Look for a house that delivers dog-friendly living without sacrificing style. Stone, porcelain tile, or luxury vinyl floors offer a high-end appearance in easy-care surfaces that resist scratching and staining. An oversized tub or walk-in shower makes bath time easy. A big laundry room is a convenient place for a pet supply station with extra food, treats, and dog supplies. And, of course, a fenced yard gives your dog room to play while keeping him safely contained.

2. Choose a Dog-Friendly Neighborhood

Your home is more than the structure itself. Your home is a part of the community around it and all it has to offer. Make sure you choose a neighborhood where your dog will be a welcome addition to the fabric of community life.

Consider a neighborhood’s sidewalks: Are they in good repair, well-lit, and popular? Plenty of homeowners out with their dogs on the evenings and weekends is a good sign you’ve found a dog-friendly neighborhood. What about nearby parks? According to the University of Washington, green spaces encourage exercise and social connection, which are good for you and your dog.

3. Protect Your Dog From Moving Chaos

When you’re packing away all your belongings, your dog doesn’t understand that you’re just moving to a new house. Instead, he ends up confused and worried you’re leaving without him. Coordinating packing with your dog in mind can reduce his stress and prevent resultant behavior issues.

Pack gradually to keep the changes hidden from your dog. Start with areas he doesn’t often see, like closets and the attic, and avoid moving large items like furniture until the very end. Subtle, gradual changes are less likely to set off your dog’s alarms.

When moving day arrives, make arrangements for your dog to be out of the way. Not only will the commotion of moving leave your dog anxious, but he could get hurt, escape, or be a hazard to movers navigating bulky items out of your home.

4. Give Your New House a Familiar Feel

It’s not uncommon for dogs to misbehave after a big life transition. According to the ASPCA, moving makes dogs vulnerable to separation anxiety, which could trigger destructive or nuisance behaviors when you’re out of the house. As your move is winding down, take steps to reassure your dog that you’re not going anywhere.

Maintain the same routines you had in the previous home. Keep walks, feeding times, and bedtime routines the same, even if that means sacrificing unpacking progress. And while moving to a new house sounds like a great opportunity to redecorate, this isn’t the time to replace your dog’s accouterments. Using his same old dog bed and toys communicates to your dog that this new place is home.

Whether you’re moving to a whole new city or just moving across town, keep your dog’s needs in mind throughout the process. A change in residence is an exciting time for you and your family, and with a little extra care and attention, your dog is sure to feel the same way.

Our guest blogger Cindy Aldridge started as a fun side project for herself and to educate pet owners about how dogs can enrich our lives. She enjoys writing about dogs and pet ownership.


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Posted in Home BuyingTips
Sept. 16, 2017

2050 S River Valley Rd, Flagstaff, AZ 86004

Kelly Broaddus  |  REMAX Fine Properties  |  888.446.5602  | Contact Kelly

See all homes for sale in West of Continental

 2050 S River Valley Rd Flagstaff AZ

Absolutely Gorgeous Cabin West Of Continental 

4 Beds |  3 Baths | $575,000

This listing will go live on the MLS this September. Gorgeous, rustic and luxurious! This home has everything you could need and more! This immaculate 4 bedroom cabin sits on 2.5 acres of heavily wooded property. Wake up to awe-inspiring mountain views and catch a glimpse of wildlife (elk) from your expansive front deck perfect for entertaining. Built a warm fire in the outdoor fireplace, grill, take naps in the hammock under the pines. You will love the rustic wood interior, luxurious amenities and huge double-sided stone fireplace stretching from floor to ceiling that divides the elegant living and dining area.  The kitchen is a chef's dream with granite counters, stainless steel appliances, breakfast bar/kitchen island with storage. Serene & secluded, this is a perfect Flagstaff forever home or getaway! Feels like you are in the middle of nowhere but are, in fact, minutes from downtown Flagstaff, restaurants, golf, trails, NAU, ski slopes and about 30 minutes from Sedona. 

Photos and more information here: Coming Soon

Take a Virtual Tour: Coming Soon


2050 South River Valley Road


Explore West of Continental, Flagstaff

Dining Nearby

Nearby restaurants include The Northern Pines, it's very conveniently located at the intersection of the I-17 and I-40. Black Barts Steakhouse is also less than 2 miles. One of the best quick stops in town is GoGo’Z.  They specialize in fresh and made to order gourmet sandwiches.

Attractions & Recreation

  • Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
  • Museum of Northern Arizona - Excellent local museum, lots of native American archeology and Anasazi artifacts.
  • Wheeler Park - A great place to stay cool under the trees and enjoy outdoor with family.



West of Continental Neighborhood Information

Homes on the West of Continental Road in the heart of the Country Club area. The area is known as “Country Club” because of its two 18-hole golf courses – one private (Aspen) and one open to the public and owned by the HOAs in the area (Continental Country Club). It’s a 5-10 minute drive down Butler from Northern Arizona University in Flagstaff, Arizona.

Contact Kelly Broaddus at  or call 888-4465602 to see other houses for sale in Flagstaff.

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