July 23, 2021

Flagstaff AZ Real Estate Market Update- June 2021

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

June 2021 Flagstaff Market Report


Is the Flagstaff Market Slowing Down? Bidding Wars Begin To Cool


The real estate market remains hot for sellers as we approach the midpoint of summer. Prices are still rising, and home seller expectations are sky-high. 24% of home sellers expect to get more than their asking price when all is said and done.  Here's the latest update on the Flagstaff housing market.



The Existing-Home Sales Expand 1.4% in June breaking four consecutive months of decline while Greater Flagstaff's June housing sales jump 32% vs the previous month. Flagstaff home sales posted a 9.7% decline year-over-year with 214 units sold vs the same period last year according to data from the Northern Arizona Multiple Listing Service (NAAR). A year ago, Flagstaff home sales saw a historic turnaround as stay at home orders around the country were lifted.

The chief economist at the NAR, Lawrence Yun, had this to say: "Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes, all of which has resulted in an uptick in sales. Home sales continue to run at a pace above the rate seen before the pandemic."

June Flagstaff Home Sales By Type

Demand remains strong from first-time homebuyers, year-round residents, second home/move-up buyers and NAU students competing for affordable housing.

This June we sold 13 homes in Flagstaff valued at around $6.9M. Big thanks to our clients!



Flagstaff Median Home Price & DOM May  2021

"The median list-to-sales ratio for this area is 103.8%." 

List to Sales Ratio is the percentage of the list price that the buyer ultimately paid for the property. High demand & low inventory caused the median sold price in June to increase 27% year over year to $601,620, a new monthly high. 

Even after more than a year in our frenzied market, home prices continue to soar, which is excellent news for those who own new and existing homes in our marketplace.

Realtor.com's Lawrence Yun also predicted home prices are in no danger of a decline due to tight inventory conditions, but expect prices to appreciate at a slower pace by the end of the year.. 




June 2021 Flagstaff Market Watch Summary

2021 Flagstaff Real Estate Market Watch Total Home Sales -   214 homes, down 9.7% vs June 2020. 

Median Sale Price -  $601,620, up 26.9% vs June 2020, highest in more than a decade

Mortgage rates  - A 30-year fixed-rate mortgage dropped to an average of 2.93% for the week ending June 17 — down from 2.96% last week, giving some borrowers another shot at sub-3% rates.

Longest days on market (SF): 439 days This is a new construction at The Enclave in Presidio, a 91-acre mixed-use urban village and is of the newest community in Flagstaff.

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. 




Photo courtesy of RE/MAX Fine Properties

  • The highest-priced single-family Flagstaff home that sold in June was a $2,850,000   luxurious four-bedroom Lockett Ranches home on 3 Heavily Treed Acres Backing National Forest Service Land
  • The highest-priced Flagstaff townhome sale was a $555,000 remodeled two-bedroom SINGLE LEVEL Walnut Canyon Village Townhome on the greenbelt with MOUNTAIN VIEWS. This home is in the Continental Country Club area.
  • The highest-priced Flagstaff condo sale last month was a $460,000  completely remodeled 3-bedroom unit in Flagstaff Ranch next to the Flagstaff Ranch golf course as well as the forest



Lowest Priced Flagstaff Home in June 2021

Photo courtesy of Realty One Group, Mountain Desert

  • The lowest-priced single-family Flagstaff home that sold in June was a $240,000 3-bedroom single family residence in the Leupp/Winona area
  • The lowest-priced Flagstaff townhome sold was a $255,000 -  2 bedroom 1.5 bath Sunnyside home. One bedroom has a balcony on the second floor for storage or a place to sit outside with views of Mt. Elden.
  • The lowest-priced Flagstaff condo that sold was a $192,200 -  1 bedroom condo in the Timberline Place community. Community amenities include the clubhouse, indoor basketball and volleyball courts, fitness room, jacuzzi, sauna ,yoga studio, BBQ area, swimming pool & outdoor fireplace.


Flagstaff Home Buyer Advice 

Mortgage interest rates have dipped just below 3% once again. The average for a 30-year fixed-rate mortgage now sits at 2.98%. 

The week prior, rates jumped back up above 3%. This was the first time in 10 weeks that rates had risen above 3%. 

The news of rates rising above 3% triggered a pretty significant drop in mortgage applications. The Mortgage Bankers Association reported that they dropped by 6.9% last week. That’s their lowest level in almost a year and a half. There were declines in both refinance and purchase applications.

Mortgage Rates - Buying Tip

The drop in purchase applications caused them to hit their lowest level since May 2020. Buyers are having difficulties finding affordable homes in a housing market with critically low inventory.

Even if rates jump back up over 3%, mortgage rates will still be at some of the lowest levels in history. Homeowners can save hundreds of dollars per month by refinancing, and buyers can still lock in a very attractive 30-year fixed rate.

Hoping for rates to drop even lower is a big gamble.

As the economy recovers from COVID, many experts (including Freddie Mac’s chief economist) predict that rates will gradually rise during the back half of 2021. If buying or refinancing is in your plans for the summer, it’s time to start the process now and lock in that rate while you can. 

If buying a home is in your plans this summer, you can get a jump on the summer market by taking a look at the homes that are available in Northern Arizona 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 


The Flagstaff real estate market has softened a tad.  Homes are still selling FAST. We were getting 10 offers on each homelast month, now it is more like 2 or 3. 

53% of sellers expect that they’ll get at least their asking price once they put a home on the market, according to a recent survey by Realtor.com. Why do prices continue to rise, and how much longer will this trend last?

Even with an uptick in inventory, the market may continue at its breakneck pace because...


More homes were listed in Northern Arizona in June, but prices still hit all-time highs. We saw a needed influx of inventory over the past month. New listings increased by 13.2% in June vs May, and they’re up by 1.9% for the year, by 29 homes. This jump is not significant, and the overall number of homes for sale is still down 45% year over year.


Since we have far fewer homes for sale compared to last year, prices have seen a boost. The median list price for all properties in the Northern Arizona MLS is up and now sits at $699,000. 


“More homeowners are deciding to put their homes on the market, encouraged by vaccines, a stronger economy, and low mortgage rates,” says Ratiu. “What this means is buyers will have more choices at more affordable prices.” These numbers are all encouraging for homeowners, but some are still hesitant to enter the market since...


Home Seller Advice

Sellers need a moving plan from the start.

While a home is going to sell pretty quickly in today’s market, you’re going to need a plan for buying. Stephanie Ruhle, NBC News senior business correspondent, said “It is very possible that your home will sell quickly, and you don't want to be crashing in a hotel while you compete for a new place.”


Some sellers are negotiating rent-back agreements with buyers that allow them extra time for their home search. Others are finding temporary housing or moving in with relatives during the buying process. Every situation is different, but just know that you do have options to help you reach your goals.


What does all of this mean for you? As long as demand remains high and inventory stays relatively low, homeowners are in a great position to sell. Quick sales with multiple offers continue to be more of the norm than the exception.


While mortgage rates remain low for now, there’s a good chance that we’ll see an uptick in the coming months. Leonard Kiefer, deputy chief economist for Freddie Mac, expects these historically low rates to stay at least through the summer.

If you're curious about what your home is worth right now, you can use our home value calculator, which is based on recent Northern Arizona MLS sales. 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.


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Finding a Northern Arizona Home for Your Next Stage of Life


July 22, 2021

How to Be a Prepared Buyer, Part 2

Here’s what else you need to know about home financing.


When preparing to buy a home, you have to understand the basics of home financing. In other words, you need to know your ability to afford a home relative to the price. 


For example, what’s the difference between a 30-year and 15-year fixed mortgage? You’ll get a much better interest rate for a 15-year (or 10-year) fixed mortgage, but I always encourage people to opt for the 30-year fixed mortgage because you never know what can happen in life. It’s a lot better to live with a lower payment than a higher one, even if the interest rate is a little higher. You can always make extra payments. Even if you make just one payment a year, you significantly lower the term of your loan. It’s important to have as much control as you can. 


"You need to know your ability to afford a home relative to the price."


The type of loan you get is important as well. If you’re getting down payment assistance or a higher loan-to-value ratio, you’ll pay a higher interest rate. If you’re getting an adjustable loan, it means your rate varies. It usually starts out low and increases up to a certain amount per year. It all depends on your goals. If, for example, you plan on buying a house, fixing it, and flipping it in a year or two, getting an adjustable loan wouldn’t be a bad idea. If you plan on buying a house for your family to live in, you definitely don’t want an adjustable loan. 


These are things a good lender will explain thoroughly to you. If you have any questions for me about this subject, give me a call or shoot me an email. I’d love to speak with you. 

Posted in Home BuyingTips
July 19, 2021

3119 N Alta Vista Drive Unit A And B, Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

3119 N Alta Vista Drive Unit A And B, Flagstaff, AZ 86004

Can Be VRBO or Home with Guest House in NE Flagstaff

    3 Beds |   1 Bath | $629,850

Super opportunity to own 2 prospering working VRBO's or buy a home with a guest house, there is FEW VACANCIES with this property, financials available upon request! Lot's of possibilities. NO HOA!!New electric throughout and all new plumbing! Selling fully furnished and turn key. Full set of plans available to expand the main house, 450 sq ft. ready to submit!!

Photos and more information here: northernarizonafinehomes.com/property/186679/


7/19 after 2:00 pm, 7/25, 7/26 and 7/27, 7/31 from 3pm on and all of August



3119 North Alta Vista Drive

Somewhat Walkable

Learn more about Lower Greenlaw


Amusement & Recreation 

      • Wheeler Park- A great place to stay cool under the trees and enjoy the outdoors with family.
      • Flagstaff Extreme Adventure Course - This place provides a safe, fun, physical and unique outdoor experience in the trees. 
      • Thorpe Park Center - Great place for the whole family including the furry ones. There are plenty of activities for the kids, a playground area, picnic tables, lots of grass areas, sports fields, a dog park, adequate parking.  

Dining Nearby

Visit Olive Garden Italian Restaurant, they offer great menu choices with many healthy (gluten and vegan ) options. You can also drop by at Delhi Palace  to try their  high quality, traditional Indian cuisine. Your Pie Pizza serves satisfying pizza and pasta with a nice selection of local brews and wine

Nearby Schools

        • Manuel DeMiguel Elementary School
        • Mount Elden Middle School
        • Flagstaff High School

Lower Greenlaw Neighborhood Information 

Lower Greenlaw is an established east Flagstaff neighborhood developed in the 1970s. Homes were built on the model of Coconino Estates’ original homes –generally with one-car garages. There are also some duplexes in the area. Visit the Lower Greenlaw community page for more information.

Come and see this nice home in Upper Greenlaw for yourself! 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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July 16, 2021

2052 Paleo Place, Flagstaff, AZ 86001

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

See all homes for sale in Forest Highlands

2052 Paleo Place, Flagstaff, AZ 86001

 Under Contract! Golf, Luxury Living in Quiet & Private Flagstaff Getaway  
2 Beds | 2 Baths | $649,879

Welcome to the perfect Forest Highlands getaway! Tucked into a quiet and private cul-de-sac, this special home with 2 ensuite bedrooms and a loft is charming and fabulous for family & friends. The open kitchen and greatroom is the heart of this home. It's spacious and welcoming with soaring cielings, a fireplace, dining nook, and beautiful windows. Walk out to the large back deck and enjoy the lush green space surrounding you. The split master is perfect for guests. The upstairs loft makes a fanatastic office or extra sleep or media space. Do you love quiet? This is a peaceful and quiet location. Steps away from the Wetlands, a stunning natural preserve that borders FH, you can experience exquisite natural beauty and the ultimate FH luxury life. Furnished! Inspection done. Great shape

Photos and more information here: northernarizonafinehomes.com/property/186370/

Take a Virtual Tour: 



2052 Paleo Place


Learn more about Forest Highlands


Dining Nearby

 Are you a Mediterranean food lover? My Pita Wrap offers lots of choices available. Another place definitely worth a visit is Delhi Palace,  excellent food selection, great price for a lunch buffet. Mountainaire Tavern & Coppa Cafe are also nearby.

Attractions & Recreation

  • Lowell Observatory - Founded in 1894, this hilltop center with giant telescopes offers tours, solar viewing & stargazing.
  • Flagstaff Extreme Adventure Course - Facility at Fort Tuthill County Park offering treetop suspended obstacle courses for kids & adults.
  • Walnut Canyon National Monument - features prehistoric archaeological sites that are spectacularly located in cliffs and along the rim of Walnut Canyon. 



  • Manuel De Miguel Elementary School PK-5
  • Flagstaff High School 9-12
  • Mount Elden Middle School 6-8



Forest Highlands Neighborhood Information 

Forest Highlands was established in 1987, the 1,100-acre Forest Highlands community is located two hours north of Phoenix and about five miles south of Flagstaff. Its custom homes and homesites offer exquisite views of the surrounding forest, mountains and lush tree-lined golf courses.

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


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Flagstaff Homes for Sale Under $500,000

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July 12, 2021

How to Bridge the Appraisal Gap in Today’s Flagstaff Real Estate Market

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

How to Bridge the Appraisal Gap in Today’s Real Estate Market


If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.


That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the contract price. Traditionally, the sale of a home is contingent on a satisfactory valuation. But in a rapidly appreciating market, it can be difficult for appraisals to keep pace with rising prices.


Thus, many sellers in today’s market favor buyers who are willing to guarantee their full offer price—even if the property appraises for less. For the buyer, that could require a financial leap of faith that the home is a solid investment. It also means they may need to come up with additional cash at closing to cover the gap.


Whether you’re a buyer or a seller, it’s never been more important to understand the appraisal process and how it can be impacted by a quickly appreciating and highly competitive housing market. It’s also crucial to work with a skilled real estate agent who can guide you to a successful closing without overpaying (if you’re a buyer) or overcompensating (if you’re a seller). Find out how appraisals work—and in some cases, don’t work—in today’s unique real estate environment.



How to Bridge the Appraisal Gap in Today’s Real Estate Market




An appraisal is an objective assessment of a property’s market value performed by an independent authorized appraiser. Mortgage lenders require an appraisal to lower their risk of loss in the event a buyer defaults on their loan. It provides assurance that the home’s value meets or exceeds the amount being lent for its purchase.


In most cases, a licensed appraiser will analyze the property’s condition and review the value of comparable properties that have recently sold. Mortgage borrowers are usually expected to pay the cost of an appraisal. These fees are often due upfront and non-refundable.2


Appraisal requirements can vary by lender and loan type, and in today’s market in-person appraisal waivers have become much more common. Analysis of the property, the local market, and the buyer’s qualifications will determine whether the appraisal will be waived. Not all properties or buyers will qualify, and not all mortgage lenders will utilize this system.3 If you’re applying for a mortgage, be sure to ask your lender about their specific terms.  




If you’re a cash buyer, you may choose—but are not obligated—to order an appraisal.





An appraisal contingency is a standard inclusion in a home purchase offer. It enables the buyer to make the closing of the transaction dependent on a satisfactory appraisal wherein the value of the property is at or near the purchase price. This helps to reassure the buyer (and their lender) that they are paying fair market value for the home and allows them to cancel the contract if the appraisal is lower than expected.


Low appraisals are not common, but they are more likely to happen in a rapidly appreciating market, like the one we’re experiencing now.4 That’s because appraisers must use comparable sales (commonly referred to as comps) to determine a property’s value. These could include homes that went under contract weeks or even months ago. With home prices rising so quickly,5 today’s comps may be lagging behind the market’s current reality. Thus, the appraiser could be basing their assessment on stale data, resulting in a low valuation.





When a property appraises for less than the contract price, you end up with an appraisal gap. In a more balanced market, that could be cause for a renegotiation. In today’s market, however, sellers often hold the upper hand.


That’s why some buyers are using the potential for an appraisal gap as a way to strengthen their bids. They’re proposing to take on some or all of the risk of a low appraisal by adding gap coverage or a contingency waiver to their offer.


Appraisal Gap Coverage

Buyers with some extra cash on hand may opt to add an appraisal gap coverage clause to their offer. It provides an added level of reassurance to the sellers that, in the event of a low appraisal, the buyer is willing and able to cover the gap up to a certain amount.6


For example, let’s say a home is listed for $200,000 and the buyers offer $220,000 with $10,000 in appraisal gap coverage. Now, let’s say the property appraises for $205,000. The new purchase price would be $215,000. The buyers would be responsible for paying $10,000 of that in cash directly to the seller because, in most cases, mortgage companies won’t include appraisal gap coverage in a home loan.6


Waiving The Appraisal Contingency


Some buyers with a higher risk tolerance—and the financial means—may be willing to waive the appraisal contingency altogether. However, this strategy isn’t for everyone and must be considered on a case-by-case basis.


It’s important to remember that waiving an appraisal contingency can leave a buyer vulnerable if the appraisal comes back much lower than the contract price. Without an appraisal contingency, a buyer will be obligated to cover the difference or be forced to walk away from the transaction and relinquish their earnest money deposit to the sellers.7


It’s vital that both buyers and sellers understand the benefits and risks involved with these and other competitive tactics that are becoming more commonplace in today’s market. We can help you chart the best course of action given your individual circumstances.





There’s never been a market quite like this one before. That’s why you need a master negotiator on your side who has the skills, instincts, and experience to get the deal done...no matter what surprises may pop up along the way. If you’re a buyer, we can help you compete in this unprecedented market—without getting steamrolled. And if you’re a seller, we know how to get top dollar for your Northern Arizona home while minimizing hassle and stress. Contact us today to schedule a complimentary consultation.

Homebuyers and sellers in Northern Arizona can reach The Kelly Broaddus Real Estate Advisor Team with eXp Realty at the following numbers: 888-446-5602, 928-332-3524, 928-256-5029 & or call Kelly direct at 928.606.6749. Email us at kelly.broaddus@exprealty.com.





  1. Wall Street Journal -
  2. US News & World Report - https://realestate.usnews.com/real-estate/articles/what-is-a-home-appraisal-and-who-pays-for-it
  3. Rocket Mortgage –
  4. Money -
  5. S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA Index - https://www.spglobal.com/spdji/en/indices/indicators/sp-corelogic-case-shiller-20-city-composite-home-price-nsa-index/#overview
  6. Bigger Pockets -
  7. Washington Post -



How to Be a Prepared Buyer

Could Rising Flagstaff Home Prices Impact Your Net Worth?

Flagstaff AZ Real Estate Market Update- May 2021

Posted in Home BuyingTips
July 7, 2021

4090 S Joseph Street Flagstaff, AZ 86005

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

4078 S Joseph St, Flagstaff, AZ 86005

 Under Contract! Beautiful Aspen Trails Home with Peak Views, Close to NAU & Shopping!

    3 Beds |   2 Baths | $554,875

Check out this rare opportunity in popular Aspen Trails! You'll appreciate all the extra features offered in this home such as custom top down/bottom up blinds throughout, security system, and surround sound speakers in the great room. Great room has high vaulted ceilings, gas fireplace and large windows that make this home feel bright and cheery. Large kitchen is open to dining area that features a custom-made wall unit with glass shelves, lights, and tons of storage! A large walk-in pantry holds everything you need for entertaining. Potential 4th bedroom/office/nursery adjacent tothe primary bedroom with walk-in closet and Peak views from the primary bedroom! Completely fenced in back yard, covered rain gutters, and built-in shelving in the garage for extra storage.

This is a must see!

Photos and more information here: northernarizonafinehomes.com/property/186510/



4090 South Joseph Street


Learn more about Aspen Trails Flagstaff

Lake Mary Rd, right on Mohawk, left on Joseph. Home will be on the left hand side almost to the top. 

Amusement & Recreation 

      • Wheeler Park- A great place to stay cool under the trees and enjoy the outdoors with family.
      • Flagstaff Extreme Adventure Course - This place provides a safe, fun, physical and unique outdoor experience in the trees. 
      • Thorpe Park Center - Great place for the whole family including the furry ones. There are plenty of activities for the kids, a playground area, picnic tables, lots of grass areas, sports fields, a dog park, adequate parking.  

Dining Nearby

Visit Olive Garden Italian Restaurant, they offer great menu choices with many healthy (gluten and vegan ) options. You can also drop by at Delhi Palace  to try their  high quality, traditional Indian cuisine. Your Pie Pizza serves satisfying pizza and pasta with a nice selection of local brews and wine

Nearby Schools

Aspen Trails Neighborhood Information 

Quiet and friendly, FUTS steps away. Visit the Aspen Trails community page to get more information about this neighborhood located in southwest Flagstaff.

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

Flagstaff Homes for Sale Under $400,000

Flagstaff Homes for Sale $400,000 - $500,000

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July 7, 2021

6401 Saint Nicholas Circle Unit 18, Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

See all Homes for sale in Christmas Tree Estates

501 W Santa Fe Avenue Unit 6, Flagstaff, AZ 86001

Under Contract! Affordable & Adorable Townhome Close to Flagstaff Mall!

   1 Beds  | 2 Baths |$249,850

Adorable and affordable!! New appliances and perfect for the college student, or first timehome buyer! Loft upstairs with a bathroom used as a bedroom. This is close to the mall, restaurants, and endless trail systems. Don't wait to make your appointment to see this home. 

Showings begin on Thurs July 8, Offers to be reviewed Monday July 12, please make response time Tues. July 13.

Photos and more information here: northernarizonafinehomes.com/property/186514/



6401 Saint Nicholas Circle


Learn more about Christmas Tree Estates 

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


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.


 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.


Search for Condos in Flagstaff, Arizona

 Flagstaff Condos for Sale Under $200,000

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July 7, 2021

How to Be a Prepared Buyer

As a buyer, you need to be prepared when it’s time to purchase a home.


Today I’m talking about lending and how to be prepared when it’s time to buy your home. As a former mortgage broker, I know the lending process inside well. I want to make sure you have all the information you need to have a smooth transaction. Having the lending process clearly laid out will give you peace of mind.


Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:


0:19 — Introducing the topic


1:01 — Lean on your Realtor


1:53 — How a lender determines what you can afford


3:41 — Being prepared ahead of time


4:31 — Know how much money you will need


6:00 — Wrapping up


If you have any questions about real estate or mortgage matters or are looking to buy or sell, please feel free to reach out to me. I’m here to help.

Posted in Home BuyingTips
June 30, 2021

2071 N Country Club Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

2071 N Country Club Flagstaff, AZ 86004

Under Contract! Lovely Country Club Townhome With A View of The Course

    2 Beds |   1 Baths | 918 sqft


Opportunity to own this wonderful detached single level Continental Country Club townhome with a view of the course. Enter through the front door and be welcomed by the wall of windows and vaulted ceiling. The owner has spent 30k replacing the windows with Renewal by Anderson, a brand new RUDD furnace and has a Navien instant tankless hot water heater. Exterior was also recently painted. With an open floor plan, 2 spacious bedrooms, & beautiful flooring throughout this home is perfect for relaxing or entertaining. Enjoy the cool summer days from the covered deck with the most beautiful, private, lush green views. Close to all the activities CCC offers, golfing, driving range, swimming pool, tennis, pickleball, hiking trails and so much more.  These town homes are the last affordable homes available in CCC!! See this property before it's sold!

Showings to begin Friday 7/2. Offers need to be in by Monday 7/5, will be reviewed on Tues 7/6.


Photos and more information here: 


See All Townhomes & Condos in Continental Country Club



2071 North Country Club Drive


Learn more about Continental Country Club


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


Continental Country Club Neighborhood Information 

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June 28, 2021

Could Rising Flagstaff Home Prices Impact Your Net Worth?

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

Could Rising Home Prices Impact Your Net Worth


Learn how to determine your current net worth and how an investment in Flagstaff real estate can help improve your bottom line.


Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some renters, rising home prices are making dreams of homeownership feel further out of reach.


If you’re a homeowner, it’s important for you to understand how your home’s value contributes to your overall net worth. If you’re a renter, now is the time for you to figure out how homeownership fits into your short-term goals and your long-term financial future. An investment in real estate can help you grow your net worth, build wealth over time, and gain a foothold in the housing market to keep pace with rising prices.



What is net worth?


Net worth is the net balance of your total assets minus your total liabilities. Or, basically, it is what you own minus what you owe.2


Assets include the cash you have on hand in your checking and savings accounts, investment account balances, salable items like jewelry or a car and, of course, your home and any other real estate you own.


Liabilities include your total debt obligations like car loans, credit card debt, the amount you owe on your mortgage, and student loans. In addition, liabilities would include any other payment obligations you have, like outstanding bills and taxes.



How do I calculate my net worth?


To calculate your net worth, you’ll want to add up all of your assets and all of your liabilities. Then subtract your total liabilities from your total assets. The balance represents your current net worth.


Total Assets – Total Liabilities = Net Worth


Ready to calculate your net worth? Contact us to request an easy-to-use worksheet and a free assessment of your home’s current market value!


Keep in mind that your net worth is a snapshot of your financial position at a single point in time. Your assets and liabilities will fluctuate over both the short term and long term. For example, if you take out a loan to buy a car, you decrease your liability with each payment. Of course, the value of your asset (the car) will depreciate over time, as well. An asset that is invested in stocks or bonds can be even less predictable, as it’s subject to daily fluctuations in the market.


As a homeowner, you enjoy significant stability through your monthly real estate investment, also known as your home mortgage payment. While the actual value of your home can fluctuate depending on market conditions, your mortgage payment will decrease your liability each month. And unlike a vehicle purchase, the value of your home is likely to appreciate over time, which can help to grow your net worth. Right now, your asset may be worth significantly more than it was this time last year.3


If you’re a homeowner, contact us for an estimate of your home’s market value so that you can factor it into your net worth calculation. If you’re not a current homeowner, let’s talk about how homes in our area have appreciated over the last several years. That way, you can get an idea of how a home purchase could positively affect your net worth.




(with Net Worth Worksheet)



How can real estate increase my net worth?


When you put your real estate dollars to work, it’s possible to grow your net worth, generate cash flow, and even fund your retirement. We can help you realize the possibilities and maximize the return on your investment.


Property Appreciation


Generally, property appreciates in one of two ways: either through changes to the overall market or through value-added modifications to the property itself.


  1. Rising prices


This type of property appreciation is the one that many homeowners are enjoying right now. Buyer demand is at an all-time high due to a combination of record-low interest rates and limited housing inventory.4 At other times, rising home prices have been attributed to different factors. Certain local conditions—like a new commercial development, influx of jobs, or infrastructure project—can encourage rapid growth in a community or region and a corresponding rise in home values. Historically, home prices have been shown to experience an upward trend punctuated by intermittent booms and corrections.5


  1. Strategic home improvements


Well-planned and executed home improvements can also impact a home’s value and increase homeowner equity at the same time. The type of home improvement should be appropriate for the home and in tune with the desires of local buyers.


For example, a tasteful exterior remodel that is in keeping with the preferences of local home buyers is likely to add significant value to a home, while remodeling the home to look like the Taj Mahal or a favorite theme park attraction will not. A modern kitchen remodel tends to add value, while a kitchen remodel that is overly expensive or personalized may not provide an adequate return on investment.


Investment Property


You may be used to thinking of investments primarily in terms of stocks and bonds. However, the purchase of a real estate investment property offers the opportunity to increase your net worth both upon purchase and year after year through appreciation. In addition, rental payments can have a positive impact on your monthly income and cash flow. If you currently have significant equity in your home, let's talk about how you could put that equity to work by funding the purchase of an investment property.


  1. Long-term or traditional rental


A long-term rental property is one that is leased for an extended period and typically used as a primary residence by the renter. This type of real estate investment offers you the opportunity to generate consistent cash flow while building equity and appreciation.6


As an owner, you don’t usually have to worry about paying the utility bills or furnishing the property—both of which are typically covered by the tenant. Add to this the fact that traditional tenants translate into less time and effort spent on day-to-day property management, and long-term rentals are an attractive option for many investors.


  1. Short-term or vacation rental


Short-term rentals are often referred to as vacation rentals because they are primarily geared towards recreational travelers. And as more people start to feel comfortable traveling again, the short-term rental market is poised to become a more popular option than ever. In 2020 alone, in the thick of widespread travel bans, the short-term rental platform Airbnb’s market share of the hospitality industry reached as high as 41 percent.6


Investing in a short-term rental offers many benefits. If you purchase an investment property in a top tourist destination, you can expect steady demand from travelers while taking advantage of any non-rented periods to enjoy the home yourself. You can also adjust your rental price around peak demand to maximize your cash flow while building equity and long-term appreciation.

To reap these benefits, however, you’ll need to understand the local laws and regulations on short-term rentals. We can help you identify suitable markets with investment potential.





Ready to calculate your personal net worth? Contact us for an easy-to-use worksheet and to find out your home’s current value. And if you want to learn more about growing your net worth through real estate, we can schedule a free consultation to answer your questions and explore your options. Whether you’re hoping to maximize the value of your current Northern Arizona home or invest in a new property, we’re here to help you achieve your real estate goals.

Homebuyers and sellers in Northern Arizona can reach The Kelly Broaddus Real Estate Advisor Team with eXp Realty at the following numbers: 888-446-5602, 928-332-3524, 928-256-5029 & or call Kelly direct at 928.606.6749. Email us at kelly.broaddus@exprealty.com.


The above references an opinion and is for informational purposes only.  It is not intended to be financial advice. Consult the appropriate professionals for advice regarding your individual needs.





  1. National Association of Realtors -
  2. Forbes -
  3. The Washington Post -
  4. Bloomberg -
  5. Federal Reserve Economic Data -
  6. Propmodo -


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