Feb. 2, 2023

1785 W Soft Wind Ln Flagstaff, AZ 86001

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

1785 West Soft Wind Lane Flagstaff AZ 86001_front

 Beautifully Updated Custom Boulder Pointe Gem

    4 Beds | 3 Baths | $859,850

OPEN HOUSE Saturday, 2/11, 11am-4pm

Looking for a Flagstaff residence that offers a seamless blend of character and modern comfort in an unbeatable location?  This custom-built, Boulder Pointe gem -- protected by a new roof with hail-resistant shingles and a new Vivint security system -- has three features not often found in this price range:  a triple garage, central air conditioning, and a recirculating hot water system.

 

1785 W Soft Wind Ln Flagstaff, AZ 86001

 

The interior of the residence is adorned by contemporary, new luxury vinyl plank flooring and transitional window shades -- in every room.  All the interior lighting is LED.  The vaulted ceilings in the entry, living room, dining room, kitchen, and primary bedroom and bath evoke a sense of openness.  The living room also has two skylights and offers the warm ambiance of a fireplace with gas log set (on a timer).  The dining room is ideal for formal as well as casual meals.  

 

1785 W Soft Wind Ln Flagstaff, AZ 86001 kitchen

 

The eat-in kitchen has angled walls, chic granite counters, handsome cabinetry, a closet pantry, stainless appliances, and a garden window.  The primary bedroom is large, and the primary bathroom – separated from the bedroom by a gorgeous custom barn door -- has an 8-foot-long double vanity, jetted tub, steam shower, toilet room, and large walk-in closet.  The three secondary bedrooms are good sized, and in one of the two secondary bathrooms, a double vanity and the toilet and tub/shower are in separate rooms.  Finally, the laundry room has a window, utility sink, plenty of cabinetry, and a wall-mounted, collapsible folding table.

The exterior of the residence boasts a newer paint job, numerous mature trees, artificial turf, and landscape gravel for ease of maintenance, an 8x12 wooden shed, and a removable, covered kennel to protect your dog while doing its business in inclement weather.

This one won’t last long.  Come for a tour before it’s gone! Boulder Pointe is one of the premier neighborhoods in Flagstaff, perfect for whatever your needs may be!

 

TAKE A VIRTUAL TOUR

TAKE A 3D TOUR (FLOORPLAN)

Photos and more information here:

www.northernarizonafinehomes.com/property/192266/

 

 

LOCATION

1785 West Soft Wind Lane

Car-Dependent

Learn more about Boulder Pointe Flagstaff

Take S Beaver St and W Butler Ave to Historic Rte 66 3 min (0.5 mi), Follow Historic Rte 66/Rte 66 to S Thompson St 3 min (1.3 mi), Continue on S Thompson St. Take W University Ave to W Soft Wind Ln. Home is on the corner.

 

Amusement & Recreation 

      • Flag Tag AZ  experience their multi-level laser tag arena, classic arcades or their hand at axe throwing. A great place for family to relax and have fun.
      • Flagstaff Extreme Adventure Course - Perfect adventure place for thrill seekers. 
      • Wheeler Park- A great place to stay cool under the trees and enjoy the outdoors with family.

Dining Nearby

If you like fresh light salads with delicate and delicious flavor, Taverna Modern Mediterranean is the place to come! Taverna has been a favorite dining destination since 2019 for delicious Mediterranean inspired foods. Visit Olive Garden Italian Restaurant, they offer great menu choices with many healthy (gluten and vegan ) options. If you are looking for an amazing meal and enjoy Indian cuisine drop by at Delhi Place.

Nearby Schools

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

Boulder Pointe Neighborhood Information 

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

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

Search for Homes in Flagstaff, Arizona

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Feb. 2, 2023

2562 W Cripple Creek Dr, Flagstaff, AZ 86001

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

2562 W Cripple Creek Dr, Flagstaff, AZ 86001

 Great Opportunity! Railroad Springs End Unit Townhome 
4 Beds | 3.75 Baths | $529,850

Great opportunity to own an END unit, 4 bedroom, nicely appointed townhome in the superbly convenient location of Railroad Springs. This fantastic townhome offers its new owner some fantastic standard features such as: granite counters, stainless steel appliances, laminate flooring, 6 panel doors, ceiling fans, 2 car attached garage and so much more! Whether you're looking for a primary home, a 2nd home or an investment - this home has it all! 

All furnishings are available with a separate bill of sale except for the bed coverings and pillows.

 

Take a Virtual tour

Photos and more information here: 

www.northernarizonafinehomes.com/property/192265/

See all homes for sale in Railroad Springs

Location

2562 West Cripple Creek Drive

Car-Dependent

Learn more about Railroad Springs Flagstaff

From Route 66 head North on Northwestern and East on Pikes Peak Dr, South on Cripple Creek to Property

 

Dining Nearby

Just up the street within walking distance: Woody Mountain Sandwich Shop. 1.25 miles away on S Milton Rd: Coppa Cafe, Himalayan Grill, Chick-fil-A and more!

Schools

  • Eva Marshall Elementary PK-6
  • Flagstaff High School 9-12
  • Mount Elden Middle School 6-8

 

Railroad Springs Neighborhood Information 

Railroad Springs is a community of manufactured affordable homes boasting green space, paths, basketball court, central park & additional common space amenities.  It is conveniently located- a short drive/bike ride to Historic Downtown Flagstaff, and 2 miles from NAU with a bus stop just down the road from the neighborhood. Visit the Railroad Springs community page to know more about this Flagstaff neighborhood.

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

Flagstaff Homes for Sale $500,000-$600,000

Flagstaff Homes for Sale Above $600,000

Feb. 1, 2023

Top 6 Home Design Trends To Watch in 2023

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Top 6 Home Design Trends To Watch in 2023

 

Over the past few years, many of us have spent extra time at home—and that means we appreciate the personal design touches that make a house cozy and comfortable more than ever. Some of us have adapted our dwellings in new ways, from creating functional home offices to upgrading the appliances we use most.

 

But while it’s important to make your home your own, it’s also smart to think about the long-term impact your renovations could have on their value. Choosing highly personalized fixtures and finishes can make it harder for future homebuyers to envision themselves in the space. Even if you don’t plan to sell your home soon, investing in popular design choices that are likely to stand the test of time will make things easier down the road.

 

And if you’re in the market for a new home, it’s wise to keep an eye out for features that might need to be updated soon so you can factor renovation costs into your budget.

 

We’ve rounded up six trends that we think will influence interior design in 2023, as well as ideas for how you might incorporate them in your Northern Arizona home. Remember, before taking action, it’s always wise to consult with a real estate professional to understand how specific updates and upgrades will affect your property’s value in your local market.

 

 

  1. Separate Kitchen, Dining and Living Areas

 

For years, home design has been dominated by open-concept floor plans, particularly for kitchen, dining, and living areas. However, as the pandemic forced families to work and study from home, many struggled to find the privacy and separation they needed. As a result, designers report that more families are choosing to bring back kitchen and dining room walls to break up the space and create quieter areas.1

 

That doesn’t mean that we’re returning to an era of dark and cramped spaces, however. Even as walls make a return, it’s important to take care to retain a sense of flow and openness within the home and to prioritize natural light.

 

If you’re buying or building a new home, consider how you will use the space and whether or not an open floor plan will suit your needs. If you already live in a home with an open floor plan and it isn’t working for you, try rearranging furniture and strategically placing pieces like bookshelves, room dividers, or rugs to create distinct areas within the home and reduce noise.

 

 

 

  1. Nature-Inspired Design

 

In the past few years, we’ve seen the “biophilia” trend explode, and there are no signs that it will be any less popular in 2023.2 This trend is all about bringing the outside in by adding natural touches throughout your home.

 

This year, design experts predict that natural, sustainable materials like bamboo, cork, and live-edge wood will lend character without being overwhelming. Wooden kitchen cabinets and islands will become more common in 2023, with white oak and walnut among the most popular choices.3,4 Wood will also appear in bathroom vanities and shelving and furniture throughout the home.

 

Colors inspired by nature (think mossy greens and desert tones) will also play into this trend and will blend seamlessly with wood tones. We’re also seeing a return to natural stone countertop materials like quartzite, marble, dark leathered granite, and soapstone.4,5

 

If you’re planning to add new shelving or redo your kitchen, consider turning to these materials to embrace the biophilic look. Or, incorporate elements of the trend by choosing nature-inspired paint colors and adding to your houseplant collection.

 

Photo by Savant Design Group -  

 

  1. Lighting as a Design Feature

 

Spending more time at home has shown us the importance of having the right lighting for specific tasks and times of the day. As a result, many homeowners are reconsidering the ways they light their homes and using light fixtures to change the usability and mood of their spaces.5

 

In particular, homeowners are rejecting bright, flat overhead lighting and replacing it with lamps and task-specific options. A layered approach to lighting—such as using a combination of under-cabinet, task, and ambient lighting in a kitchen—enables homeowners to tweak the level of light they’re using based on the time of day and what they are doing.

 

In 2023, we expect to see more statement chandeliers, pendants, and wall sconces in a variety of shapes and materials.6 Thinking about switching up the lighting in your home? Start by adding floor or table lamps and swapping out fixtures before you invest in rewiring your space. Take note of what works and what doesn’t and watch how the light in your home changes throughout the day. You can then use that information to make lighting decisions that require a bigger investment.

 

 

 

  1. More Vibrant Color Palettes

 

After the long dominance of whites and grays, more vibrant colors are coming back as a way to add character and dimension to homes.

 

This year, warm and earthy neutrals, jewel tones, and shades of red and pink are particularly popular.7,8 If your style tends toward the subtle, consider options like light, calming greens, blues, and pastels.

 

Major paint brands have responded to these homeowner preferences with their newest releases. Benjamin Moore’s 2023 color of the year, Raspberry Blush, is a lively shade of pinkish coral, while Sherwin William is embracing warm neutrals with Redend Point, a blushing beige.9,10 Behr’s choice of the year, Blank Canvas, is a creamy off-white that's a warmer version of the stark whites that have been trending over the past few years.11

 

If you’re planning to put your home on the market soon, it’s better to play on the safer side and avoid extremely bold or bright color choices when it comes to paint or fixed finishes like tile and countertops. Instead, try incorporating pops of color through throw pillows, art, and accessories.

 

 

 

  1. Curved Furniture and Architectural Accents

 

Goodbye, sharp corners. In 2023, arches and curves lend a sleek feel that draws on classical design and retro trends while remaining modern.5,8 Rounded corners feel more relaxed and natural than sharp edges, lending more of a sense of flow and comfort to a home.

 

If you want to incorporate the trend into your new build or remodeling plans, curved kitchen islands and bars and arched alcoves are all good options—or you can take it a step further with arched windows and doorways. You can also carry this trend through to your light fixtures by incorporating a bubble chandelier or globe pendants.

 

It’s easy to embrace this look without renovations, too. Look for a softer feel in furniture, with sofas, chairs, and tables that showcase curved edges. Or, break up your space with an arched folding screen and a circular rug.

 

 

 

  1. Art Deco Revival

 

Art Deco, the architecture and design style that took hold in the 1920s and ’30s, is enjoying a resurgence.12

 

As a style, Art Deco is marked by bold geometry, textures, and colors, as well as an emphasis on art. But the 2023 interpretation of this style is likely to be a bit less splashy than its historical roots. Designers predict that instead of incorporating all of the elements of the style, which could feel overwhelming, homeowners will pick bursts of color or bold accessories to bring some whimsy to their space.

 

Keep an eye out for vintage mirrors, lamps, or vases that bring a touch of Art Deco glam to your home, or embrace bold colors and fabrics like velvet. Choose pillows and throw blankets in bright colors and geometric patterns to nod to the look without diving in all the way.

 

 

 

DESIGNED TO SELL

 

Are you thinking about remodeling or making significant design changes to your Northern Arizona home? Wondering how those changes might impact your future resale value?

 

Buyer preferences vary significantly based on your home’s neighborhood and price range. We’re happy to share our insights on the upgrades that will make it easier (or more difficult!) to sell your home. Give us a call at 888.446.560 for a free consultation!

 

 

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

 

 

Sources:

  1. US News and World Report - https://realestate.usnews.com/real-estate/slideshows/interior-design-trends-for-2023?slide=2
  2. Architectural Digest -

https://www.architecturaldigest.com/story/design-trends-in-2023

  1. Insider -

https://www.insider.com/popular-home-decor-trends-for-2023-according-to-experts-2022-

  1. Houzz -

https://www.houzz.com/magazine/35-home-design-trends-on-the-rise-in-2023-stsetivw-vs~164032473

  1. The Spruce -

https://www.thespruce.com/2023-design-trends-6743803

  1. The Spruce -

https://www.thespruce.com/2023-lighting-trends-6891412

  1. The Spruce -

https://www.thespruce.com/2023-color-trends-6751137

  1. Good Housekeeping - https://www.goodhousekeeping.com/home/decorating-ideas/g42084756/interior-design-trends-2023/
  2. Benjamin Moore -
    https://www.benjaminmoore.com/en-us/paint-colors/color/2008-30/raspberry-blush
  3. Sherwin Williams -
    https://www.sherwin-williams.com/content/colorforecast/colormix-2023/color-of-the-year-2023
  4. Behr -
    https://www.behr.com/consumer/inspiration/2023-coty/
  5. The Spruce -

https://www.thespruce.com/art-deco-trend-for-2023-7092174

 

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December 2022 Flagstaff Market Report

Step One: Getting a Market Analysis

Step One: Getting a Market Analysis

Posted in Homeowner Tips
Jan. 20, 2023

Flagstaff AZ Real Estate Market Update- Year End 2022

Flagstaff AZ Real Estate Market Data Provided by The Broaddus Properties Group Brokered by eXp / by Joselyn Uy

December 2022 Flagstaff Market Report

 

2022 Had the Slowest December Flagstaff Home Sales in A Decade, Expect Sales to Pick Up Soon

 

The Flagstaff housing market is on a seasonal decline as buyers and sellers pulled back to focus their time and energy on the holidays. Here's our latest update.  

 

FLAGSTAFF HOME SALES

US Existing-Home Sales Receded 1.5% in December vs November while Greater Flagstaff's housing market dropped 18% according to data provided by the Northern Arizona MLS. This year we saw a whooping 37.1% drop in home sales from December last year, and new listings dropped even further – to 37%, the lowest of the year. With only eighty-eight homes sold, this is the lowest December sales in 10 years. 

 

Home Sales by Type

December 2022 Flagstaff Home Sales by Type

 

All property types of residential sales dipped VS the same month in 2021. Demand for homes is lower than last year, as indicated by the year-over-year decrease in closings. 

 

Flagstaff Home Sales per Quarter

2022 Flagstaff Home Sales per Quarter

 

There was a total of 1571 sales which is 22% lower than last year. The highest was in 2020 with 2,240 residential housing units sold. The real estate market slowed down throughout 2022 creating more opportunities for homebuyers, in stark reversal of the frenzied seller’s market of the previous year. 

 

"December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year," said National Association of Realtors Chief Economist Lawrence Yun.

 

In the month of December, the Broaddus Properties Group Brokered by eXp listed and sold four Flagstaff homes valued at over $1.9 Million+. Last year we helped buy and nine homes in Flagstaff worth $5.1 Million+

 

FLAGSTAFF MEDIAN HOME PRICE

Flagstaff Median Home Price & DOM December 2023

"The median list-to-sales ratio for this area is 99.0%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property. 

The increase in interest rates and decrease in buyer demand impacted home prices. Home price growth dropped for the first time from a year-over-year perspective. Flagstaff's December median sold price dropped 5.7% year over year to $650,000 from last year's high of$689,000.

Homes are taking longer to sell. In December, homes spent a median of 69 days on the market, which is 17 days longer than last year but 4 days faster than last month. 

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

 

DECEMBER 2022 Flagstaff Market Watch Summary

2023 Flagstaff Real Estate Market Watch Total Home Sales - 88 homes, down 37.1% vs December 2021.

Median Sale Price - $650,000, down 5.7% vs December 2021

Mortgage rates - The 30-year fixed-rate mortgage rate averaged 6.15% in the week ending January 19, the lowest level since September. A year ago, rates were 3.56%.

Longest days on market (SF): 486 days This is a new construction luxury home with four bedrooms sitting on a beautiful cul de sac lot, BACKING NATIONAL FOREST in Slayton Ranch Estates.

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 must be off the MLS for at least 90 days for the CDOM to restart, even if a different agent lists it. We report the average days on the market for properties sold based on CDOM.

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

 

FLAGSTAFF LUXURY HOME SALES

The luxury benchmark price for Flagstaff single-family homes is $975,000, set by The Institute for Luxury Home Marketing.  LUXURY BENCHMARK PRICE is the price point that marks the transition from traditional homes to luxury homes.

Flagstaff Luxury Market Report December 2022

  • The Flagstaff single-family luxury market is a Seller's Market with a 21% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in December 2022.
  • The most active price band is $3,200,000-$3,499,999, where the sales ratio is 100%.
  • The median luxury sales price for single-family homes is $1,155,000.
  • The median days on market for December 2022 was 57 days, up from 55 in December 2021.

 

FLAGSTAFF'S PRICIEST HOMES SOLD in DECEMBER 2022

FLAGSTAFF'S PRICIEST HOMES SOLD in December 2022

Photo courtesy of RE/MAX Fine Properties

  • The highest-priced single-family Flagstaff home that sold in December was a $3,720,000 six-bedroom luxury custom home in Pine Canyon. Sold off market.
  • The highest-priced Flagstaff townhome sale was a $725,000 four-bedroom townhome on a corner lot in Pinnacle Pines. Kelly Broaddus helped the owners sell this home!
  • The highest-priced Flagstaff condominium sale was a $439,900 two-bedroom unit in Switzer Mesa, close to NAU and hiking trails.

 

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in DECEMBER 2022

Lowest Priced Flagstaff Home in December 2022

Photo courtesy of Realty One Group, Mountain Desert

  • The lowest-priced single-family Flagstaff home that sold in December was a $350,000 three-bedroom single-level Kachina home
  • The lowest-priced Flagstaff townhome sale last month was a $395,000 two-bedroom in Railroad Springs, less than 3 miles from both Downtown Flagstaff and NAU
  • The lowest-priced Flagstaff condominium sold was a $215,000 one-bedroom move-in ready unit at University Meadows (Riordan Ranch), located at the edge of NAU and near Riordan State Park

 

Flagstaff Home Buyer Advice

Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last year’s peak. The recent pullback in mortgage rates is great news – but if you’re ready to buy now, holding out for 3% is a mistake

Getting pre-approved is an important first step towards buying a home. It lets you know what you can borrow and shows sellers you’re serious about purchasing their home. Work with a local lender to learn how today’s rates impact your goals. Contact us on 888.446.5602 or email kelly.broaddus@exprealty.com. We will refer you to trusted lenders to explore your options in our area.

If you’d like to look at what’s available on the market today, you can view the homes that are available in the Northern Arizona MLS 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.

 

Flagstaff Home Seller Advice 

If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.

While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.

Let’s connect to find out how much equity you have in your current home and how you can use it to fuel your next purchase. I can help you decide if now is the right time. If you have any questions about buying or selling in Flagstaff, or want to get the process started, give me a call or send an email. I look forward to hearing from you! Don’t hesitate to call us at 888.446.5602 or email kelly.broaddus@exprealty.com. 

If you’re curious about what your home is worth in today’s market, click the image below then enter your address to instantly calculate your home’s value in today’s market based on recent Flagstaff home sales

 

What is the value of your Flagstaff Home?

 

Home Selling Tips Our blog for Northern Arizona 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 Broaddus Properties Group 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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January 2022 Flagstaff Luxury Real Estate Market Report

2023 Flagstaff Real Estate Market Outlook (And What It Means for You)

Flagstaff AZ Real Estate Market Update- November 2022

Jan. 16, 2023

January 2022 Flagstaff Luxury Real Estate Market Report

The report is a guide to the luxury real estate market in North America and Flagstaff.  It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States. 

DOWNLOAD THE LUXURY REPORT

  • This month’s report displays the market statistics for North America month over month as well as the 13-month trend.
  • In this month’s report we review the luxury real estate market of 2022.
  • We look at the predictions for 2022 against the reality of what happened during the last year to understand the impacts on the market during the year.
  • We investigate why inventory levels played such a significant part in the buying narrative of 2022, why new inventory is critical and how the market stalled.
  • We also examine the outside influences and their impacts on the luxury market.
  • And why despite the impacts of various negative influences throughout the year the affluent are still eager to invest in luxury properties.
  • While there are more opportunities for negotiation by buyers as fierce competition became a thing of the past during 2022, we recognize why prices haven’t fallen to the level that some predicted.
  • We look at why the affluent are taking a longer-term view in their purchasing plans for property, whether it’s a primary residence, second home or investment property.
  • Finally, we summarize what to expect as we move further into 2023.
  • It is important to understand that the art of selling and buying should always include an analytical approach to truly appreciate the realities, rather than just listening to the market rhetoric.
  • For homeowners looking to sell or buy their Flagstaff luxury home in today’s market we recommend working with a realtor who can provide you with critical knowledge about our Northern Arizona market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.

 
It is my responsibility as your REALTOR to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the Flagstaff luxury market effectively to achieve your goals. Contact us at kelly.broaddus@exprealty.com or call 888.446.5602.

 

What is the value of your Flagstaff Home?

December 2022 Luxury Market Report for North America & Flagstaff

Jan. 11, 2023

8900 N Snow Bowl Ranch Road Flagstaff, AZ 86001

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

8900 N Snowbowl Ranch Road, Flagstaff, AZ 86001

Under Contract! Flagstaff Country Living at its Finest
4 Beds | 3.5 Bath | $1,500,000

Set on 4.8 lush, wooded acres and bordered on two sides by a national forest, this immaculate Flagstaff residence offers the best in country living! Built in 1997, the impressive 3,750-sq ft custom home showcases handsome exterior features like Pella double-pane windows and natural log siding. An asphalt circular driveway wraps around a colorful flower bed, accentuating the curb appeal. Inside, you’ll be treated to generous space coupled with a host of modern touches including gorgeous 6-panel doors, expansive wooden baseboards, gleaming birch wood flooring, and bespoke light fixtures.

8900 N Snowbowl Ranch Road, Flagstaff, AZ 86001- living

Sure to wow guests is the stunning natural stone, dual-sided gas fireplace with a log mantle in the vaulted ceiling living room. Highlighting oversized windows that overlook the forest and majestic Humphrey's Peak, you may just see deer and elk roaming free. The avid cook can avail of stainless-steel appliances including an apron sink, new cabinets with pull-out shelves plus easy-glide drawers, and a fabulous, sizable island.

8900 N Snowbowl Ranch Road, Flagstaff, AZ 86001 - kitchen

A restful sleep awaits in your 4 comfortable bedrooms, all graced with ceiling fans, natural wood blinds, and walk-in closets with custom shelving. Your tubs and showers across the 3.5 baths include glass doors, delivering a spa-like setting in which to pamper yourself. What’s more, a vaulted loft provides a delightful forest view that’s certain to put you at ease.

8900 N Snowbowl Ranch Road, Flagstaff, AZ 86001 - kitchen

Interest visitors in a stress-relieving soak inside the 6-person deluxe hot tub. Ideal for summer cookouts, the outdoor kitchen includes a 6-burner BBQ and sink. Other valuable perks include an attached 2-car garage, detached shop, playground, laundry room, shed, and five large decks. This amazing abode enjoys the distinction of being the closest home to the Snowbowl Ski Resort. Come for a tour today!

Take a Virtual Tour

TAKE A 3D TOUR

Photos and more information here: 

www.northernarizonafinehomes.com/property/192151/

Location

8900 North Snow Bowl Ranch Road

Car-Dependent

Learn more about Fort Valley Flagstaff

Turn onto US-180, Continue to follow US-180 W/N Fort Valley Rd 6.6 mi, Turn right onto N Snowbowl Rd 0.3mi, Turn left onto N Snowbowl Ranch Rd

Attractions & Recreation

    • Ski and snowboard at the Arizona Snowbowl to your heart's content. Discover terrain parks, close to Thorpe park, 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.  
    • If you love running and biking or biking visit Buffalo Park which is about 5 miles from the property. This is also a dog-friendly park and they have an awesome trail.
    • The Museum of Northern Arizona provides a superb experience in anthropology, archeology and they have a lot of information about the local tribes around this part of Arizona. 

Dining Nearby

Want to try a very solid wood fire oven pizza in Flagstaff? Pizzicletta offers the best.  You can also enjoy a wonderful outdoor seating in summer plus good food at Nomads Global Lounge. There are many great flavors and menu including dining at Josephine's Restaurant & MartAnne’s Cafe. 

Schools

Some of the best schools in Flagstaff are located near this community.

  • Charles W Sechrist Elementary School (K-5)
  • Eva Marshall Elementary School (K-6)
  • Manuel Demiguel Elementary School (K-6)

 

 

Fort Valley Area Neighborhood Information 

Fort Valley is a historic suburb of Flagstaff located near Mount Humphries, where the Arizona Snowbowl ski resort is located. An estimated 962 people call it home.

It contains the old Baderville homes, usually located on one acre of land; newer homes farther off the highway, which are usually on larger acreages; and the Wing Mountain Ranch subdivision, which has higher-end homes and, unlike most of the homes in Fort Valley, is governed by a homeowner's association. 

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see this home in the Fort Valley Area or other houses for sale in Flagstaff.

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Jan. 5, 2023

Step One: Getting a Market Analysis

If you’re thinking about selling, start by getting a market analysis.


Today I want to talk about getting a market analysis,
which is what would probably be the first step in the process if you want to list your home on the market.


It's very important to price your home correctly in this current market because of rising interest rates and other volatile factors. Plus, if you're wanting to purchase, it puts added pressure on how the strategy is going to work for selling your home and the pricing of your home.


We do a free market analysis. It doesn't cost anything. It's very thorough and will be helpful in your real estate goals. I can email it to you and bring you a hard copy. If you want to have a free market analysis, please fill out and submit the form below and we will analyze comparables, local trends, and local market data, and provide you with the information that you need to make a proper decision.


Give me a call or text me. I'm always available, and I’m happy to do that for you. Thank you so much.

Posted in Home Selling Tips
Jan. 4, 2023

2023 Flagstaff Real Estate Market Outlook (And What It Means for You)

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

2023 Real Estate Market Outlook

 

Last year, one factor drove the real estate market more than any other: rising mortgage rates.

 

In March 2022, the Federal Reserve began a series of interest rate hikes to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.

 

Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should lead to a more stable and balanced real estate market.

 

So, what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While this is one of the more challenging real estate periods to forecast, here’s what several industry experts predict will happen to the U.S. housing market in the coming year.

 

 

MORTGAGE RATES WILL FLUCTUATE LESS

 

In 2022, 30-year fixed mortgage rates surged from 3% in January to around 7%. According to Rick Sharga of real estate data company ATTOM, “We’ve never seen rates double in so short a period.”2

 

This year, economists forecast a less dramatic shift.

 

In an interview with Bankrate, Nadia Evangelou, senior economist for the National Association of Realtors, shares her vision of three mortgage rate scenarios:3

 

  1. Inflation continues to surge, forcing the Fed to repeatedly raise interest rates. In that scenario, she predicts that rates could reach as high as 8.5%.
  2. Inflation decelerates and mortgage rates follow suit, averaging 7 to 7.5% for the year.
  3. Rising interest rates trigger a recession, which could lead mortgage rates to drop closer to 5% by the end of the year.

 

Realtor.com forecasts something like scenario #2 above: “Mortgage rates will average 7.4% in 2023, trickling down to 7.1% by year’s end.”4 The Mortgage Bankers Association, however, projects something closer to Evangelou’s scenario #3, with the 30-year fixed rate declining steadily throughout the year, averaging 6.2% in Q1 and 5.2% by Q4.5

 

Economists at Fannie Mae fall somewhere in the middle. In a recent press release, they predicted that the U.S. economy will experience a “modest recession” this year.6 But in their December Housing Forecast, they project that 30-year fixed mortgage rates will only fall by half a point from an average of 6.5% in Q1 to 6.0% in Q4.7

 

“From our perspective, the good news is that demographics remain favorable for housing, so the sector appears well-positioned to help lead the economy out of what we expect will be a brief recession,” said Fannie Mae Chief Economist Doug Duncan.6

 

What does it mean for you?  Even the experts can’t say for certain where mortgage rates are headed. Instead of trying to” time the market,” focus instead on buying or selling a home when the time is right for you. There are a variety of mortgage options available that can make a home purchase more affordable, including adjustable rates, points, and buydowns—and keep in mind you can always refinance down the road. We’d be happy to refer you to a trusted mortgage professional who can outline your best options.

 

 

SALES VOLUME WILL FALL AND INVENTORY WILL RISE

 

It looks like the home-buying frenzy we experienced in recent years is behind us. While the desire to own a home remains strong, higher mortgage rates have made it unaffordable for a large segment of would-be buyers.

 

Many economists expect the number of home sales to continue to decline this year, leading to an increase in listing inventory and days-on-market, or the time it takes to sell a home. But there is a wide range when it comes to specifics.

 

Economists at Fannie Mae forecast that total home sales will fall by around 20% this year before rising again by 15% in 2024.7 National Association of Realtors Chief Economist Lawrence Yun projects a less extreme dip of 7% in 2023 with a rebound of 10% next year.8

 

Realtor.com Chief Economist Danielle Hale foresees something in between. “The deceleration in home sales is likely to continue as high home prices and mortgage rates limit the pool of eligible home buyers. We anticipate that existing home sales will decline another 14.1% in 2023.” She expects this drop in sales to lead to a 23% increase in inventory levels this year, offering more choices for buyers who have struggled to find a home in the past.9

 

However, given the severe lack of housing supply, even with a double-digit increase, the market is expected to remain tight and below pre-pandemic levels. Hale points out: “It’s important to keep historical context in mind. The level of inventory in 2023 is expected to fall 15% short of the 2019 average.”9

 

What does it mean for you?  If you’ve been frustrated by a lack of inventory in the past, 2023 may bring new opportunities for you to find the perfect home. And today’s buyers have more negotiating power than they’ve had in years. Contact us to find out about current and future listings that meet your criteria.

 

If you’re hoping to sell, you may want to act fast; rising inventory levels will mean increased competition. We can help you chart the best course to maximize your profits, starting with a professional assessment of your home’s current market value. Reach out to schedule a free consultation.

 

 

HOME PRICES WILL REMAIN RELATIVELY STABLE

 

While some economists expect home prices to fall this year, many expect them to remain stable. “For most parts of the country, home prices are holding steady since available inventory is extremely low,” said Yun at a November conference.8

 

Nationally, Yun expects the average median home price to tick up by 1% in 2023, with some markets experiencing greater appreciation and others experiencing declines.8 Economists at Fannie Mae offer a similar projection, forecasting a slight decrease in their Home Price Index of about 1.5%, year-over-year.7

 

Other experts foresee a larger fluctuation. Hale expects U.S. home prices to rise by 5.4% this year, while Morgan Stanley is forecasting a 7% drop from the peak in June 2022.9,10

 

Still, many economists agree that a housing market crash like the one we experienced in 2008 is highly unlikely. The factors that caused home prices to plunge during the Great Recession—specifically lax lending standards and a surplus of inventory—aren’t prevalent in our current market.10 Therefore, home values are expected to remain comparatively stable.

 

What does it mean for you?  It can feel scary to buy a home when there’s uncertainty in the market. However, real estate is a long-term investment that has been shown to appreciate over time. And keep in mind that the best bargains are often found in a slower market, like the one we’re experiencing right now. Contact us to discuss your goals and budget. We can help you make an informed decision about the right time to buy.

 

And if you’re planning to sell this year, you’ll want to chart your path carefully to maximize your profits. Contact us for recommendations and to find out what your home could sell for in today’s market.

 

 

RENT PRICES WILL CONTINUE TO CLIMB

 

Affordability challenges for would-be buyers, inflationary pressures, and an overall lack of housing could continue to drive “above-average” rent price increases in much of the country.11 The Federal Reserve Bank of Dallas expects year-over-year rental price growth to tick up to 8.4% in May before moderating later in the year.12

 

According to Hale, “U.S. renters will continue to face challenges from limited supply and excess demand in the coming year that will keep upward pressure on rent growth. At a national level, we forecast rent growth of 6.3% in the next 12 months, ahead of home price growth and historical rent trends.”9

 

However, there are signs that the surge in rent prices could be tapering. According to Jay Parsons, head of economics for rental housing software company RealPage, there’s some evidence of a slowdown in demand. He predicts that market-rate rents will rise just 3.3% this year. Still, analysts agree that a return to lower pre-pandemic rental prices is unlikely.10

 

What does it mean for you?  Rent prices are expected to keep climbing. But you can lock in a set mortgage payment and build long-term wealth by putting that money toward a home purchase instead. Reach out for a free consultation to discuss your options.

 

And if you’ve ever thought about purchasing a rental property, now may be the perfect time. Call today to get your investment property search started.

 

 

WE’RE HERE TO GUIDE YOU

 

While national real estate forecasts can provide a “big picture” outlook, real estate is local. And as local market experts, we can guide you through the ins and outs of our Flagstaff market and the issues most likely to impact sales and drive home values in your neighborhood.

 

If you’re considering buying or selling a Northern Arizona home in 2023, contact us now to schedule a free consultation at 888.446.5602. We’ll work with you to develop an action plan to meet your real estate goals this year.

 

 

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

 

 

Sources:

  1. Forbes -
    https://www.forbes.com/advisor/investing/fed-funds-rate-history/
  2. Bankrate -
    https://www.bankrate.com/mortgages/will-mortgage-rates-go-up-in-december-2022/
  3. Bankrate -
    https://www.bankrate.com/real-estate/housing-market-predictions-2023/
  4. Realtor.com -
    https://www.realtor.com/news/trends/2023-the-year-of-the-homebuyer-our-bold-predictions-on-home-prices-mortgage-rates-and-more/
  5. Mortgage Bankers Association -
    https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf?sfvrsn=b584bf7_1
  6. Fannie Mae -
    https://www.fanniemae.com/newsroom/fannie-mae-news/economy-still-expected-enter-and-exit-modest-recession-2023
  7. Fannie Mae -
    https://www.fanniemae.com/media/45801/display
  8. National Association of Realtors -
    https://www.nar.realtor/newsroom/nars-lawrence-yun-predicts-us-home-prices-wont-experience-major-decline-could-possibly-rise-slightly
  9. Realtor.com -
    https://www.realtor.com/research/2023-national-housing-forecast/
  10. The New York Times -
    https://www.nytimes.com/2022/11/04/realestate/housing-market-interest-rates.html
  11. CNBC -
    https://www.cnbc.com/2022/09/28/how-much-higher-rent-will-go-in-2023-according-to-experts.html
  12. Federal Reserve Bank of Dallas -
    https://www.dallasfed.org/research/economics/2022/0816

 

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Nov 2022 Flagstaff Market Report

 

Dec. 22, 2022

Flagstaff AZ Real Estate Market Update- November 2022

Flagstaff AZ Real Estate Market Data Provided by The Broaddus Properties Group Brokered by eXp / by Joselyn Uy

Nov 2022 Flagstaff Market Report

 

Flagstaff Home Sales Cool in November

 

November marks the beginning of the usual slow season in real estate, and this year is no different. Flagstaff shows a housing market that is experiencing seasonal cooling as consumers prepare for the holidays. The market is slowly leveling back out, and the overheated market of 2021 seems to be behind us. Here's our latest update. 

 

FLAGSTAFF HOME SALES

US Existing-Home Sales Dipped 7.7% in November vs October 2022 while Greater Flagstaff's housing market climbed 4.9% according to data provided by the Northern Arizona MLS. Demand for homes is lower than last year, as indicated by year-over-year decreases in closings. This is one of the lowest November sales in 10 years. 

 

November 2022 Flagstaff Home Sales By Type

 

"The residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020. The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. Plus, available housing inventory remains near historic lows," said National Association of Realtors Chief Economist Lawrence Yun.

In the month of November, the Broaddus Properties Group Brokered by eXp listed and sold nine Flagstaff homes valued at over $5.9 Million+. Last year we helped buy and sell eight homes in Flagstaff, Sedona, and Mormon Lake worth $5.9 Million+

 

FLAGSTAFF MEDIAN HOME PRICE

Flagstaff Median Home Price & DOM November 2022

"The median list-to-sales ratio for this area is 98.5%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property. 

We continue to see price growth from a year-over-year perspective, but we are no longer seeing the double-digit growth that we experienced earlier this year and last. Flagstaff's November median sold price dropped 8.6% vs last month and increased slightly by +0.1% year over year to $610,500, highest in more than a decade.

Homes are taking longer to sell. In November, homes spent a median of 76 days on the market, which is 21 days longer than last year and 4 days longer than last month. 

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

 

NOVEMBER 2022 Flagstaff Market Watch Summary

2022 Flagstaff Real Estate Market Watch Total Home Sales - 107 homes, down 30.5% vs November 2021.

Median Sale Price - $610,500, an almost flat growth vs November 2021, highest in more than a decade

Mortgage rates - The 30-year fixed-rate mortgage rate averaged 6.34% in December 21, down from 6.42% the week before. A year ago, at this time it averaged 3.3%.

Longest days on market (SF): 617 days This is a new construction Ponderosa Parkway condominium with two bedrooms located in the Switzer Mesa/Ridge area.

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 must be off the MLS for at least 90 days for the CDOM to restart, even if a different agent lists it. We report the average days on the market for properties sold based on CDOM.

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

 

FLAGSTAFF LUXURY HOME SALES

The luxury benchmark price for Flagstaff single-family homes is $975,000, set by The Institute for Luxury Home Marketing.  LUXURY BENCHMARK PRICE is the price point that marks the transition from traditional homes to luxury homes.

Flagstaff Luxury Market Report November 2022

  •  The Flagstaff single-family luxury market is a Buyer's Market with a 10% Sales Ratio.
  •  Homes sold for a median of 98.52% of list price in November 2022.
  • The most active price band is $1,700,000-$1,899,999, where the sales ratio is 33%.
  • The median luxury sales price for single-family homes is $1,250,000.
  • The median days on market for November 2022 was 122 days, up from 75 in November 2021.

 

FLAGSTAFF'S PRICIEST HOMES SOLD in NOVEMBER 2022

FLAGSTAFF'S PRICIEST HOMES SOLD in November 2022

Photo courtesy of Jackson Associates

  • The highest-priced single-family Flagstaff home that sold in November was a $2,335,000 six-bedroom luxury custom home in Equestrian Estates bordering forested state trust land on a 1.29 acre heavily treed lot with Peak and forest views.
  • The highest-priced Flagstaff townhome sale was a $710,000 three-bedroom townhome in Switzer Mesa/Ridge with forest & red rock views off the decks
  • The highest-priced Flagstaff condominium sale was a $1,267,184 luxury new construction in Pine Canyon with two separate bedroom suites and a separate guest casita, fully equipped kitchen with spacious outdoor patio

 

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in NOVEMBER 2022

Lowest Priced Flagstaff TownHome in November 2022

Photo courtesy of Best Flagstaff Homes Realty

  • The lowest-priced single-family Flagstaff home that sold in November was a $230,000 two-bedroom fixer upper in the heart of Old Town, sold as is, all cash
  • The lowest-priced Flagstaff townhome sale last month was a $221,605 three-bedroom, end unit in Rio Homes with a front porch overlooking the common area.
  • The lowest-priced Flagstaff condominium sold was a $290,000 one-bedroom unit at Timberline Place Condos

 

Flagstaff Home Buyer Advice

Mortgage rates have dropped slightly in recent weeks. Even a small dip can help boost your purchasing power. Let’s assume you want to buy a $400,000 home. If you’re trying to shop at that price point and keep your monthly payment about $2,500-2,600 or below, here’s how your purchasing power can change as mortgage rates move up or down (see chart below). The red shows payments above that threshold and the green indicates a payment within your target range.

Our Advice: If a 7% rate was too high for you, it may be time to contact us. We will refer you to trusted lenders to see if the current rate is more in line with your goal for a monthly housing expense.

If you’d like to look at what’s available on the market today, you can view the homes that are available in the Northern Arizona MLS 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.

 

 

Flagstaff Home Seller Advice 

If you’ve been in your home for more than a few years, you’ve built-up significant equity that can fuel your next move. Whether you’re looking to downsize, relocate to a dream destination, or move so you live closer to loved ones, that equity can help you achieve your homeownership goals. NAR shares that for recent home sellers, the primary reason to move was to be closer to loved ones. Plus, retirement played a significant role for those moving greater distances.

There are indications that sellers are waiting until 2023 to put their homes on the market. The number of new listings home sellers brought to the market in November was 14% lower than what we saw last year. 

Whatever your home goals are, we would love to work with you to find the best option. We'll help you sell your current house and guide you as you buy the home that’s right for you and your lifestyle today. Contact us today!

If you’re curious about what your home is worth in today’s market, click the image below then enter your address to instantly calculate your home’s value in today’s market based on recent Flagstaff home sales

 

What is the value of your Flagstaff Home?

 

Home Selling Tips Our blog for Northern Arizona 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 Broaddus Properties Group with eXp Realty know that the only result that ultimately matters is that your home gets sold — and sold for the right amount. Satisfied clients say it all. Check out our 5 Star Reviews. 

 

If you’ve been waiting since 2020 to make a move, I can help you decide if now is the right time. If you have any questions about buying or selling in Flagstaff, or want to get the process started, give me a call or send an email. I look forward to hearing from you! Don’t hesitate to call us at 888.446.5602 or email kelly.broaddus@exprealty.com. 

 

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How To Stretch Your Budget in a Season of Inflation

Dec. 16, 2022

December 2022 Luxury Market Report for North America & Flagstaff

The report is a guide to the luxury real estate market in North America and Flagstaff.  It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States. 

DOWNLOAD THE LUXURY REPORT

  • This month’s report displays the market statistics for North America month over month as well as the 13-month trend.
  • In this month’s report we look at why the affluent are taking the long view with respect to luxury real estate ownership.
  • As the market continues to cool compared to 2021, we look at current real estate trends and the mindset of the affluent.
  • We investigate why the current market is probably experiencing more of a lull and, unless there is a significant change in the economy or a huge increase in inventory, a crash is unlikely.
  • We explain why buyers and sellers must now re-evaluate their expectations and take the time to understand how the market affects them directly, as it is certainly not a one size fits all anymore.
  • What should homeowners expect in terms of returns on their investment in the next couple of years and why does uncertainty continue to fuel hesitancy are also trends analyzed.
  • Finally, we look at why moving to affordable markets and locations less affected by climate change are set to impact decisions in 2023, especially for the younger affluent demographic.
  • It is important to understand that the art of selling and buying should always include an analytical approach to truly appreciate the realities, rather than just listening to the market rhetoric.
  • For homeowners looking to sell or buy their luxury home in today’s market we recommend working with a realtor who can provide you with critical knowledge about your local market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.  

It is my responsibility as your REALTOR to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals. Contact us at kelly.broaddus@exprealty.com or call 888.446.5602.