Jan. 17, 2019

3864 S Brush Arbor Flagstaff, AZ 86005

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

 

3864 S Brush Arbor Flagstaff, AZ 86005

 Upgraded Upper-Level Flagstaff Ranch Condo With Large Deck
2 Beds | 2 Baths |$399,850

Live the Flagstaff Ranch lifestyle in this spacious Aspen Shadows upper unit with 2 bedrooms, 2 baths, den/study(could be 3rd bedroom). Walk into the open great room featuring a gas fireplace surrounded with marble tiles. Buyers will love the large eat-in upgraded kitchen features cherry maple cabinetry, Corian counters w/backsplash, stainless steel appliances & large island. The master bath boasts dual vanities, separate soaking tub & shower, plus walk-in closet.  Upgraded flooring t/o with sound suppression underlayment. Extra cabinets in laundry room, extra storage in garage w/pull down ladder & utility closet. One of only 6 units w/LARGE DECK! This condo is turn key ready for you to move in!! 

Photos and more information here: Coming Soon

Take a Virtual Tour: Coming soon

Location

3864 South Brush Arbor

Car-Dependent

Explore Flagstaff on Walk Score

Dining Nearby

Nearby restaurants include Coppa Cafe and Bistro this is a great place for dinner with a group. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s, it's just a small detour from the main road.  You must try pizza with soppresetta, pistachio and honey at the Fat Olives.  

Schools

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

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

Flagstaff Ranch Neighborhood Information 

Flagstaff Ranch is a  premier private gated Country Club located in beautiful Flagstaff offers a variety of homes and home sites nestled among the largest Ponderosa Pine Forest in North America.

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

 

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Jan. 16, 2019

13586 E King John Road Parks, AZ 86018

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

 13586 E King John Road Parks, AZ 86018

Spectacular 4 Bedroom Ranch Style Home in Parks

4 Beds | 2.5 Baths | $449,850

BEAUTIFUL ranch style home in a quiet friendly community between Flagstaff and Williams. Buyers will love the captivating forest views from the deck perfect for gathering family and friends. This property makes rural living easy!  Stepping out of bed you’ll forget it is winter with the homes 4-zone in-floor heating. This home is impressive and built smart. Real wood hickory flooring, high end granite and cabinetry all throughout the home, custom 5.5ft diameter spiral stairway with hickory tread leading you to the loft/study, a total of 13 skylights, attached oversized 2 car garage, heated/insulated pump shed, 2700 Gallon cistern, dual water heaters individually isolated, fenced back yard, large detached storage shed(perfect for a workshop), Generac generator included in sale. Hike, bike, nature watch. Access to the national forest is across the street. 

See all homes for sale in Parks

Location

13586 King John Road

Car-Dependent

More information on Walk Score

Dining Nearby

Parks In the Pines General Store Deli & Cafe & Postal Annex  is located right on the original Route 66 and offers great selection of cafe/deli food items. There are also other restaurants nearby some located in Williams, AZ.

 

Attractions & Recreation

  • Sycamore Falls - Located at the headwaters of Sycamore Creek perfect for hiking and sightseeing

Schools

Children in this community typically go to Maine Consolidated School.

 

Parks Neighborhood Information 

Parks is a small mountain city serving as a gateway for the Grand Canyon National Park, the predominant industry is tourism, supported by motel and restaurant strips. 

Looking for a ranch style home in a quiet friendly community? Schedule your appointment to view this home today! Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-446-5602 to see other houses for sale in Parks.

 

Search for Homes in Parks, Arizona

Parks Homes for Sale $200,000 - $300,000

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Jan. 14, 2019

5605 E Bramley Ln Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

 

5605 E Bramley Lane Flagstaff, AZ 86004

Beautiful Doney Park Home With Views on 2+ Acres
3 Beds | 3 Baths |$474,900

Beautiful country home with magnificent views of the peaks. Views only to be enjoyed on a covered back patio with a landscaped backyard. Two fireplaces, three bedrooms, three bathrooms, and a large three car garage

 

Photos and more information here: Coming Soon

Take a Virtual Tour: Coming soon

Location

5605 East Bramley Lane

Car-Dependent

Explore Flagstaff on Walk Score

Dining Nearby

Nearby restaurants include Satchmo’s, this is a great place for dinner with a group. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s, it's just a small detour from the main road.  You must try pizza with soppresetta, pistachio and honey at the Fat Olives.  Another quick stop is at Coppa Cafe and Bistro.

Schools

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

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

Doney Park East Neighborhood Information 

Doney Park East area is located northeast of the City of Flagstaff. Home buyers will find homes on acreage, horse properties, manufactured homes, and ranches in the trees. Residents of Doney Park enjoy living on large lots of at least an acre, along with amazing views of the San Francisco Peaks and Sunset Crater Volcano. Visit the Doney Park East area page to know more about homes in this area.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see this beautiful single level home in Doney Park East or other houses for sale in Flagstaff.

 

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Jan. 9, 2019

What’s Ahead for Flagstaff Real Estate in 2019?

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

What’s Ahead for Flagstaff Real Estate in 2019?

As we begin another year, everyone wants to know: “Where is the Flagstaff housing market headed in 2019?”

 

It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy.  Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, shifting conditions could impact you if you plan to buy, sell, or refinance this year.

 

 

HOME VALUES WILL INCREASE

Projected Home Price Appreciation 2019

The value of real estate will continue to rise. Freddie Mac predicts housing prices will increase by 4.3 percent in 2019.1  While the rapid price appreciation we witnessed earlier in the decade has slowed, the combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push prices higher.

 

"Ninety percent of markets are experiencing price gains while very few are experiencing consistent price declines," according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.2

 

Yun predicts that the national median existing-home price will increase to around $266,800 in 2019 and $274,000 in 2020. "Home price appreciation will slow down—the days of easy price gains are coming to an end—but prices will continue to rise."

 

What does it mean for you? If you’re in the market to buy a home, act fast. Prices will continue to go up, so you’ll pay more the longer you wait. If you’re a current homeowner, real estate has proven once again to be a solid investment over the long term. In fact, the equity level of American homeowners reached an all-time high in 2018, topping $6 trillion.3

Forecasted Year Over Year Change in Price

 

SALES LEVELS WILL STABILIZE

 

In 2018, we saw a decline in sales, primarily driven by rising mortgage rates and a lack of affordable inventory. However, Yun isn’t alarmed. "2017 was the best year for home sales in ten years, and 2018 is only down 1.5 percent year to date. Statistically, it is a mild twinge in the data and a very mild adjustment compared to the long-term growth we've been experiencing over the past few years."2

 

 

Yun and other economists expect home sales to remain relatively flat over the next couple of years. Freddie Mac forecasts homes sales will increase 1 percent to 6.08 million in 2019 and 2 percent to 6.20 million in 2020.1

 

“The medium and long-term prospects for housing are good because demographics are going to continue to support demand,” explains Tendayi Kapfidze, chief economist for LendingTree. “With a slower price appreciation, incomes have an opportunity to catch up. With slower sales, inventory has an opportunity to normalize. A slowdown in 2019 creates a healthier housing market going forward.”4

 

What does it mean for you? If you’ve been scared off by reports of a market slowdown, it’s important to keep things in perspective. A cooldown can prevent a hot market from becoming overheated. A gradual and sustainable pace of growth is preferable for long-term economic stability.

 

 

MORTGAGE RATES WILL RISE

Mortgage rates

The Mortgage Bankers Association predicts the Federal Reserve will raise interest rates three times this year, resulting in a rise in mortgage rates.5 While no one can predict future mortgage rates with certainty, Realtor.com Chief Economist Danielle Hale estimates that the rate for a 30-year mortgage will reach 5.5 percent by the end of 2019, up from around 4.62 percent at the end of 2018.6

 

While mortgage rates above 5 percent may seem high to today’s buyers, it’s not out of line with historical standards. According to Hale, “The average mortgage rate in the 1990s was 8.1 percent, and rates didn’t fall below 5 percent until 2009. So for buyers who can make the math work, buying a home is likely still an investment worth making.”7

 

What does it mean for you? If you’re in the market to buy a house or refinance an existing mortgage, you may want to act quickly before mortgage rates rise. To qualify for the lowest rate available, take steps to improve your credit score, pay down existing debt, and save up for a larger down payment.

 

 

AFFORDABILITY ISSUES WILL PERSIST

 

Although the desire to own a home remains strong, the combination of higher home prices and rising mortgage rates will make it increasingly difficult for many first-time buyers to afford one.

 

 

 

“Buyers who are able to stay in the market will find less competition as more buyers are priced out but feel an increased sense of urgency to close before it gets even more expensive,” according to Hale. “Although the number of homes for sale is increasing, which is an improvement for buyers, the majority of new inventory is focused in the mid-to-higher-end price tier, not entry-level.”6

 

What does it mean for you? Unfortunately, market factors make it difficult for many first-time buyers to afford a home. However, as move-up buyers take advantage of new high-end inventory, we could see an increase in starter homes hitting the market.

 

 

MILLENNIALS WILL MAKE UP LARGEST SEGMENT OF BUYERS

 

“The housing market in 2019 will be characterized by continued rising mortgage rates and surging millennial demand,” according to Odeta Kushi, senior economist for First American. "Rising rates, by making housing less affordable, will likely deter certain potential homebuyers from the market. On the other hand, the largest cohort of millennials will be turning 29 next year, entering peak household formation and home-buying age, and contributing to the increase in first-time buyer demand.”4

 

Danielle Hale, the chief economist for Realtor.com, predicts the trend will continue. “Millennials are also likely to make up the largest share of home buyers for the next decade as their housing needs adjust over time.”6

 

What does it mean for you? If you’re in the market for a starter home, prepare to compete for the best listings. And if you plan to sell a home in 2019, be sure to work with an agent who knows how to reach millennial buyers by utilizing the latest online marketing techniques.

 

 

WE’RE HERE TO GUIDE YOU

 

While national real estate numbers and predictions can provide a “big picture” outlook for the year, real estate is local. And as local market experts, we can guide you through the ins and outs of the Northern Arizona market and the local issues that are likely to drive home values in your particular neighborhood.

 

If you’re considering buying or selling a Flagstaff home in 2019, contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year. Call Kelly at 888.446.5602 or email kelly.broaddus@exprealty.com

 

START PREPARING TODAY


If you plan to BUY this year:

 

  1. Get pre-approved for a mortgage. If you plan to finance part of your home purchase, getting pre-approved for a mortgage will give you a jump-start on the paperwork and provide an advantage over other buyers in a competitive market. The added bonus: you will find out how much you can afford to borrow and budget accordingly.
  2. Create your wish list. How many bedrooms and bathrooms do you need? How far are you willing to commute to work? What’s most important to you in a home? We can set up a customized search that meets your criteria to help you find the perfect home for you.
  3. Come to our office. The buying process can be tricky. We’d love to guide you through it. We can help you find a home that fits your needs and budget, all at no cost to you. Give us a call to schedule an appointment today!

 

If you plan to SELL this year:

 

  1. Call us for a FREE Comparative Market Analysis. A CMA not only gives you the current market value of your home, it will also show how your home compares to others in the area. This will help us determine which repairs and upgrades may be required to get top dollar for your property, and it will help us price your home correctly once you’re ready to list.
  2. Prep your home for the market. Most buyers want a home they can move into right away, without having to make extensive repairs and upgrades. We can help you determine which ones are worth the time and expense to deliver maximum results.
  3. Start decluttering. Help your buyers see themselves in your home by packing up personal items and things you don’t use regularly and storing them in an attic or storage locker. This will make your home appear larger, make it easier to stage ... and get you one step closer to moving when the time comes!

 



Sources:

  1. Freddie Mac Economic & Housing Research Forecast –
    http://www.freddiemac.com/research/pdf/201811-Forecast-04.pdf
  2. National Association of Realtors 2019 Forecast –  
    https://www.nar.realtor/newsroom/2019-forecast-existing-home-sales-to-stabilize-and-price-growth-to-continue
  3. Bankrate 2018 Year in Review –
    https://www.bankrate.com/mortgages/year-in-review-for-housing-market/
  4. Forbes 2019 Real Estate Forecast –
    https://www.forbes.com/sites/alyyale/2018/12/06/2019-real-estate-forecast-what-home-buyers-sellers-and-investors-can-expect/#a98b80a70d9a
  5. Mortgage Bankers Association Forecast –
    https://www.mba.org/2018-press-releases/october/mba-forecast-purchase-originations-to-increase-to-12-trillion-in-2019
  6. Realtors.com 2019 National Housing Forecast –
    https://www.realtor.com/research/2019-national-housing-forecast/
  7. FOX Business –
    https://www.foxbusiness.com/personal-finance/where-mortgage-rates-are-headed-in-2019

 

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Dec. 28, 2018

Flagstaff AZ Real Estate Market Update- November 2018

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

 November 2018 Flagstaff Home Sales

November 2018 Flagstaff Home Sales 

Hope you all had a wonderful Christmas holiday! US Existing-home sales increased in November, according to the National Association of Realtors®, marking two consecutive months of increases. Flagstaff home sales are up, after 4 consecutive down months. Here are our latest Flagstaff market stats. 

 

NOVEMBER HOME SALES 

In November there was 84 single family home sold, up 8% from the same month a year ago.

Year-to-date sales are slightly ahead compared to last year. The Kelly Broaddus Team has listed and sold a total of 58 homes from January to November, up 14% compared to 51 homes sold year-end 2017. 

 

FLAGSTAFF HOME PRICE

November housing prices in the greater Flagstaff region rose 7% with the median sale price coming in at $392K which is a new record high for the month of November. The previous high was set back in November of 2006 when the median sale price was $379K. The average price paid per-square-foot was $225 up 10% from a year ago, tying the high set back in November ‘06.

Our average sold price for the seller and buyer side in 2018 is at $360,000. 

 

Flagstaff Home Buyer Advice 

Prices are going to continue to appreciate. Mortgage rates are going to continue to go up. Whether you’re a move-up buyer or a first-time buyer, you'll want to buy now instead of waiting until interest rates start to increase. Take advantage of the low mortgage interest rates. The national average for a 30-year fixed-rate loan is 4.375 percent, down from last month's 4.9%. 

If you haven't seen this, you have to check it out:

The Federal Housing Finance Agency (FHFA) announced the 2019 general and high-cost area loan limits. The maximum loan limits will increase in 2019; details are available in Lender Letter LL-2018-05.

The new base loan limit in most of the country will be $484,350
This represents a 6.9% increase over the 2018 limit.
The ceiling limit for most high-cost areas will be $726,525

Additional information and updated resources, including the Loan Limit Look-Up Table, are available on the Loan Limits page.

Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. Inventory level for starter homes is down a bit vs last month and is still far from what is needed to satisfy the demand for affordable/starter home where homebuyer demand is strongest. 

  • $200k- $400K, inventory is 13% lower vs last month, less than 3 months supply. It's a seller's market at this price range. A balanced market has 6 months supply of homes for sale.
  • $400K- $500K, down by 18 %, only 3 months supply. 
  • Above $500K, we have over 6 months of supply. No shortage here. Oversupply is highest at $1M - $1.1M and $1.2M - $1.3M

If you’re buying at the lower price range, having fewer homes on the market could present a few challenges. Don’t worry! I can help you come up with a strategy to find your next home. Let's talk about your situation in person! Call Kelly at 888.446.5602.

WHAT'S AHEAD FOR REAL ESTATE IN 2019?

2019 is just a few short days away. While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. AZ home prices are expected to increase by 6.3%.

Forecasted Year Over Year Change in Price by State

 

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. 

Flagstaff Home Seller Advice 

Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition!

Our advice to home sellers:

Do necessary upgrades and list before the summer selling season begins. The #1 Reason to List Your Home in the Winter Months is Less Competition!

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

 

November 2018 Flagstaff Market Watch Summary 

2018 Flagstaff Real Estate Market Watch Total Home Sales-   84 homes, up 8% vs November 2017. 

Median Home Price-  $392,000 up 7% vs November 2017

Mortgage rates up - A 30 year fixed rate mortgage with 5% down and very good credit fell back to an average of 4.375

Longest days on market: 753 days. Flagstaff Ranch masterpiece with incredible golf course views tucked in next to the 15th tee box. Priced in the low 800's, this luxury home stayed on the market for a little over 2 years before it sold. Flagstaff luxury homes at this price range typically stay on the market for 7-8 months on the average.  

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. 

DOWNLOAD THE FULL MARKET REPORT HERE

Flagstaff's Priciest Homes SOLD in November 2018

The most AFFORDABLE  Flagstaff Homes Sold in November 2018

GET IN TOUCH

Wondering what all of this means for you? Kelly would be happy to discuss these numbers along with our local market conditions with you personally. Feel free to call with any questions or for a complete home and market evaluation. Please contact us at 888.446.5602 or email kelly.broaddus@exprealty.com with any questions you might have about this report of the Flagstaff real estate market.  Contact Us

 

SATISFIED CLIENTS SAY IT ALL. Check out our 5 Star Reviews. 

 

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Dec. 13, 2018

9 Ways to Share the Spirit of the Season—Starting From Your Flagstaff Home

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

9 Ways to Share the Spirit of the Season—Starting From Home

The holiday season is upon us, and many of us have already begun to celebrate. From trimming trees to lighting candles, it’s the time of year to fill your Flagstaff homes (and hearts) with holiday joy.

 

But there’s no need to stop at your front door. Let the spirit of the season radiate outward from your house into your community. Some homeowners hang outdoor lights and decorations to help make the neighborhood “merry and bright.” But that’s not the only way to share the magic of the holidays with others.

 

Not sure where to start? Check out these 9 inspirational ideas for spreading cheer far and near!

 

 

THERE’S NO PLACE LIKE HOME

 

You probably don’t have to look far to find someone who could benefit from a gift or kind gesture this time of year. Try one (or all) of these ideas for sharing the season with those closest to home.

 

1. Host a Holiday Party

 

Hosting a neighborhood holiday party is a great way to reconnect with old friends and welcome new families to the community. And it doesn’t necessarily require a huge investment of time or money. Plan a potluck dinner and ask your guests to bring a dish or drink to share. Or host a holiday cookie exchange and ask everyone to bring a couple dozen of their favorite cookie to swap with other guests. Hot cocoa and caroling is another great way to bring neighbors together to celebrate the season.

 

If you have a neighbor who you’ve been at odds with in the past, consider extending them an invitation, as well. It could be the perfect opportunity to make peace in the new year.

 

2. Help a Neighbor in Need

 

The holiday season is the perfect time to offer help to a neighbor in need. Next time you head out to rake your leaves, take care of an elderly neighbor’s, as well. Or drop off dinner for a friend who is recovering from surgery.

 

If you know of someone in your community with a larger need, consider setting up a Care Calendar through a site like CareCalendar.org. Then share the link with other neighbors who may be interested in helping, too. Users can sign up to run errands, cook a meal, babysit, wash laundry, clean the house, mow the lawn, or complete other household tasks depending on the individual’s needs. Even a small gesture of kindness can make someone’s holiday extra jolly.

 

3. Treat Your Mail and Package Carriers

 

Extend comfort and joy from your own front porch during your postal and package carriers’ busiest time of year.1 While many of us love the convenience of shopping online for holiday gifts, the boom in e-commerce has exponentially increased the workload for our postal and package carriers, some of whom work up to 70 hours a week during the holiday season.2

 

You can help brighten their day by leaving a goody and note of gratitude in your mailbox or a basket of water and snacks by your front door. Attach a sign that says: “Thank you for working hard to deliver our holiday packages. Please take a treat to enjoy on your route!”

 

 

DON’T STOP AT YOUR STREET … BRING HOLIDAY CHEER TO EVERYONE YOU MEET

 

Surprise and delight those you encounter with a small act of kindness or a generous gesture. ‘Tis the season of giving, but the reaction you get in return may be the best gift of all!

 

4. Overtip

 

Don’t be a Grinch when it comes to tipping at the holidays. Your waiter, your Uber driver, and your hairdresser will all appreciate an extra-generous tip this time of year.

 

International etiquette expert Sharon Schweitzer recommends that you start by setting a budget for holiday tips and prioritizing those you most want to thank.3 Place those who help you most frequently at the top of your list—such as your trusted housekeeper, nanny, or daycare provider. For those you regularly tip at the time service, consider frequency and length of the relationship to determine an appropriate amount.

 

Everyone could use a little extra cash around the holidays. If you can afford it, share a bit of your abundance with others.

 

5. Thank Those Who Don’t Get a Holiday

 

Santa isn’t the only one working on Christmas. Emergency workers, hospital staff, airline employees, toll booth attendants, movie theater staff, and many others will be working to make your holiday safe and bright.

 

Say “thank you” by bringing breakfast to the firehouse or police station on Christmas morning or by dropping off a tray of goodies for the hard-working hospital staff on New Year’s Eve. Keep a stash of treats or coffee-shop gift cards on hand to pass out to those you encounter working over the holidays. And, if appropriate, a generous tip is always appreciated!

 

6. Fill Stockings for the Homeless

 

Not everyone gets to go “home for the holidays.” You can bring a little cheer and comfort to a homeless person this year with a holiday care kit.

 

Pick up some inexpensive Christmas stockings from a craft store and fill them with a variety of useful items, such as:

  • Applesauce cup (and plastic spoon)
  • Baby wipes
  • Bandages
  • Bottled water
  • Beef jerky
  • Cereal or granola bar
  • Cheese or peanut butter crackers
  • Deodorant
  • Gloves
  • Lip balm
  • Lotion
  • Nail clippers
  • Socks
  • Tissues
  • Toothbrush and toothpaste
  • Tuna and crackers
  • Trail mix

 

As an added touch, include a sweet treat and a handwritten note wishing them a happy holiday. Hand the stockings out at a shelter or keep a stash in your car so you can offer one when you encounter someone in need.

 

 

SEND JOY TO THE WORLD BY BECOMING A SECRET SANTA

 

Reach beyond your sphere by sending some holiday magic out into the community. Surprise a stranger with an anonymous gift that’s sure to make their holiday shine.

 

7. Offer Warmth on a Cold Day

 

As temperatures drop, some members of our community will be left out in the cold. Our local homeless population is especially vulnerable this time of year, but so are many families living in poverty. Health experts warn that a two-degree drop in body temperature can result in reduced heart rate, lack of coordination, and confusion, making it difficult for adults to work and children to learn.4

 

You can help by bringing your old but gently-used coats to a collection site. Leave a note in the pocket wishing the recipient a warm and happy holiday. Or tie a scarf around a tree and attach a sign that says: “I am not lost. If you need this to stay warm, please take it!”

 

Check with local homeless shelters to find out if they accept donations of old blankets. Well-worn blankets and towels can often be donated to an animal shelter to help keep four-legged friends warm this winter, as well.

 

8. Pay Off a Stranger’s Layaway

 

Some large retailers offer layaway options during the holidays so that shoppers can pay for their purchases a little at a time. Media stories often surface this time of year about anonymous donors who pay off a stranger’s layaway account to the surprise and delight of the recipient.

 

This is a great way to help a family that may not qualify for charitable assistance but is on a limited budget for holiday gifts. If you have a particular interest in helping kids, you can ask to pay off an account that consists primarily of children’s items.

 

You don’t have to drop a bundle to become a family’s “Secret Santa.” Ask the layaway attendant to search for accounts with balances that fit within your budget. To make a bigger impact, ask friends and family members if they want to pitch in to help, too.

 

9. Donate Toys to a Tot

 

One of the most popular ways to give back during the holidays is to participate in a toy drive. There are a number of great charities that collect toys for children of low-income families.

Before you shop, find out if the organization has a wish list of preferred items or guidelines for wrapping and labeling the gift. And check the drop-off deadline to ensure your gift will reach its intended recipient in time.

 

If you have children, involve them in the process of selecting and purchasing the gift so they can experience the joy of giving to those less fortunate, too.

 

 

One more easy way to support the Flagstaff community this year? Shop local! From locally-owned stores to service providers, please consider spending your holiday dollars here at home. We have an extensive network of Flagstaff businesses and would love to recommend some of our favorites. Give us a call at 888.446.5602, and let us know how we can help!

 

 

Sources:

  1. NASDAQ -
    https://www.nasdaq.com/article/fedex-and-ups-deliver-another-record-holiday-season-cm898487
  2. The Kansas City Star -
    https://www.kansascity.com/news/business/workplace/article189245104.html
  3. Huffington Post -
    https://www.huffpost.com/entry/sharon-schweitzers-2017-holiday-tipping-guide-checklist_b_5a037fc3e4b0c7511e1b398c
  4. One Warm Coat -
    https://www.onewarmcoat.org/theneed/

 

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Nov. 28, 2018

Flagstaff AZ Real Estate Market Update- October 2018

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

 October 2018 Flagstaff Home Sales

October 2018 Flagstaff Home Sales 

We hope that you had a wonderful Thanksgiving and that your holiday season is off to an incredible start. As we approach the end of the year, US home sales are up after 6 consecutive months of decline while The Flagstaff market declined for the fourth straight month. Looks like the slow season for the Flagstaff real estate market came early. Expect more softening in the Flagstaff market during the holidays. Here are our latest market stats.

 

OCTOBER HOME SALES TUMBLE

In October there were 109 units sold, off 11% from the same month a year ago. After starting off red hot in the first half of the year, Flagstaff housing sales for the second half of the year are down 15% reflecting the dramatic rise in mortgage rates which hit a 7-year high. 

While Flagstaff home sales are down, this is the 2nd best October sales in the last 5 years for the Kelly Broaddus Team with 8 closings at over $2.5M. 2014 was our best year with almost $4M. Homebuyers have not disappeared, numbers are actually greater than the same month last year but there simply is not enough inventory at their price range.

 

FLAGSTAFF HOME PRICE

October housing prices in the greater Flagstaff region rose 3.5% with the median sale price coming in at $390K which is a record high for the month of October. The previous high was set back in October of 2006 when the median sale price was $387K.

WHAT'S AHEAD FOR REAL ESTATE?

While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next.

Flagstaff Home Buyer Advice 

Great news for buyers! The Federal Housing Finance Agency (FHFA) announced the 2019 general and high-cost area loan limits. The maximum loan limits will increase in 2019; details are available in Lender Letter LL-2018-05.

The new base loan limit in most of the country will be $484,350
This represents a 6.9% increase over the 2018 limit.
The ceiling limit for most high-cost areas will be $726,525

Additional information and updated resources, including the Loan Limit Look-Up Table, are available on the Loan Limits page.

The national average for a 30-year fixed-rate loan is 4.9 percent, a full percentage point higher than it was a year ago. Buyers that are out there right now and the only thing holding them up is the house to buy, as inventory increases that will help both first-time buyers and move up buyers.

Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. Inventory level for starter homes is down a bit vs last month and is still far from what is needed to satisfy the demand for affordable/starter home where homebuyer demand is strongest. 

  • $200k- $400K, inventory is 13% lower vs last month, less than 3 months supply. It's a seller's market at this price range. A balanced market has 6 months supply of homes for sale.
  • $400K- $500K, down by 18 %, only 3 months supply. 
  • Above $500K, we have over 6 months of supply. No shortage here. Oversupply is highest at $1M - $1.1M and $1.2M - $1.3M

If you’re buying at the lower price range, having fewer homes on the market could present a few challenges. Don’t worry! I can help you come up with a strategy to find your next home. With winter right around the corner, expect to see quite a few more price reductions as sellers become more willing to negotiate.

 

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. 

Flagstaff Home Seller Advice 

Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition!

Our advice to home sellers:

Do necessary upgrades and list before the summer selling season begins. The #1 Reason to List Your Home in the Winter Months is Less Competition!

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

 

October 2018 Flagstaff Market Watch Summary 

2018 Flagstaff Real Estate Market Watch Total Home Sales-   109 homes, down 11% vs October 2017. 

Median Home Price-  $390,000 up 3.5% vs October 2017

Mortgage rates up - A 30 year fixed rate mortgage with 5% down and very good credit rose to an average of 4.91% after pulling back a little at Thanksgiving week

Longest days on market: 753 days. Flagstaff Ranch masterpiece with incredible golf course views tucked in next to the 15th tee box. Priced in the low 800's, this luxury home stayed on the market for a little over 2 years before it sold. Flagstaff luxury homes at this price range typically stay on the market for 7-8 months on the average.  

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. 

DOWNLOAD THE FULL MARKET REPORT HERE

Flagstaff's Priciest Homes SOLD in October 2018

  • $1,725,000 - Last month's #1 most expensive Flagstaff single-family home was a Forest Highlands luxury home with 4 bedrooms, 4.5 baths. Originally priced at 2.2M, this single-level masterpiece was on the market for 404 days before it got snapped up by the lucky buyer.
  • $668,363 - Switzer Mesa townhome with stunning Mt Elden & San Franciso Peaks views is#1 on the list of the priciest townhome sold in October 2018
  • $415,000 - This Aspen Shadows condo in Flagstaff Ranch, with views of the golf course and the lake, is the priciest condo sold in October 2018. Price does not include golf membership. 

The most AFFORDABLE  Flagstaff Homes Sold in October 2018

  • Single-family - $85,000 - Off-grid cabin on 40 acres in Alpine Ranches, a rural area located east of downtown Flagstaff 
  • Townhouse - $240,000 - Lower Greenlaw townhome with a fenced backyard. 3 Bedroom, 2.5 Bath, 2 Car Garage
  • Condo - $160,000 - Previous model 1 bedroom lower level University Heights condo Very close to NAU, restaurants and walking as well as biking trails. 24-hour privileges to the clubhouse with gym/workout equipment. All utilities except electricity, are covered by monthly HOA fee INCLUDING INTERNET!

GET IN TOUCH

Wondering what all of this means for you? Kelly would be happy to discuss these numbers along with our local market conditions with you personally. Feel free to call with any questions or for a complete home and market evaluation. Please contact us at 888.446.5602 or email kelly.broaddus@exprealty.com with any questions you might have about this report of the Flagstaff real estate market.  Contact Us

 

SATISFIED CLIENTS SAY IT ALL. Check out our 5 Star Reviews. 

 

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Nov. 21, 2018

365 Last Wagon Dr Sedona, AZ 86336

Updated: 1/2/19

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

 365 Last Wagon Drive Sedona, AZ 86336

Move-In Ready West Sedona Gem

2 BD| 2 BA| 1,854 Sq ft 

This West Sedona home has been lovingly maintained, and an ideal single-level floor plan sitting on a desirable corner lot. It’s “Move-In Ready” with generous room sizes and an open floor plan with and a wonderful brick fireplace in the spacious Great Room, skylights overhead, right next to the spacious Arizona room. Lots of natural light and plenty of cabinet storage in the kitchen, with a peak a boo view of Coffee Pot in the living room. The ample back porch area and the large enclosed Arizona Room overlooks the backyard that provides a short walk to the National Forest. This is a very pleasing and attractive home with a great feel in an established neighborhood with a very low HOA of $30 per yr. Sellers have installed a Trane furnace and AC with a multi stage HEPA filter system keeping the utilities very low. The roof was replaced less than 5 years ago. This home is a jewel, don't miss out!!

Photos and more information here: https://www.northernarizonafinehomes.com/property/175865/

Take a Virtual Tour: https://www.tourfactory.com/2106062

LOCATION

365 Last Wagon Drive

Car-Dependent

More information on Sedona

Amusement & Recreation 

Centrally located in West Sedona and minutes to Highway 89A, there is a wide range of amusement and recreation activities for Sedona West 1-2 subdivision residents.

  • Stargaze. One of the best things to do in Sedona! Sedona Star Gazing has state of the art & custom built telescopes perfect for viewing galaxies, stars clusters and more
  • Put on your hiking boots and experience hiking along trails that offer breathtaking views. Popular trails include Cathedral Rock Trail, Bell Rock Pathway, and Palatki Ruins- a World Heritage Site which features several ancient Native American cliff dwellings and cave paintings. 
  • Sedona Vortexes. Sedona is famous for its many well-known and celebrated vortexes.
  • Hot Air Baloon Adventures. The views are worth it!
  • Shopping and restaurants options are plenty along 89A. Dine at popular SaltRock Southwest Kitchen, have a romantic lunch at Heartline Cafe, enjoy traditional Italian food at Dahl & Di Luca or have the gluten-free pizza at Picazzo's.

Nearby Schools

  • West Sedona Elementary School
  • Sedona Charter School
  • Sedona Red Rock High School

 

 

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

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Nov. 16, 2018

‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell Your Flagstaff Home

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

5 Reasons Why Winter is a  Great Time to Buy or Sell Your Flagstaff Home

It’s a common misconception that you shouldn’t try to buy or sell a home during the fall and winter months.

 

This is generally considered the “offseason” in real estate. Many sellers mistakenly believe that the cold weather will keep buyers away and that no one is looking over the holidays. Unfortunately, many real estate professionals perpetuate this myth by advising their clients to “wait until the spring” to list their home.

 

The truth is, homes are bought and sold year round. And while the Flagstaff real estate market is typically quieter during the fall and winter, savvy buyers and sellers know how to use this slow down to their advantage. In fact, depending on your circumstances, now may be the ideal time for you to purchase or list a home.

 

If you’re in the market to buy or sell, there’s no need to wait for the spring. Read on to discover the top five reasons that it can pay to buy or sell your Flagstaff home during the offseason!

 

 

1. LESS COMPETITION

 

What’s the number one reason to buy or sell a home during the offseason? Less competition!

 

This can be particularly beneficial if you’re a seller. Come spring, a huge wave of new listings will hit the market. But if you list now, you will have fewer comparable homes with which to compete.

 

In the spring and summer months, it can be difficult for your property to stand out in a crowded market. You may end up with a surplus of homes for sale in your neighborhood. Indeed, it’s not uncommon to see multiple listings on a single street during the peak selling season.

 

Inventory in the fall and winter months, however, can be significantly lower. That means your home will not only receive more attention from buyers, but you may also gain the upper hand in your negotiations. In fact, research found that homes listed in the winter are nine percent more likely to sell, and sellers net more above asking price in the winter than any other time of year.1

 

Buyers also have a lot to love about the real estate off-season. While some buyers need to move during the winter, many bargain hunters search this time of year in hopes of scoring a great deal.

 

Smart buyers will continue to scan the market during the fall and winter for hidden gems that pop up during the offseason. There are always highly motivated sellers who need to sell quickly. And with less competition to bid against you, you’re in a better position to negotiate a great price. If you’ve been looking for a good deal on a home or investment property, now may be the best time to look!

 

So while a “slow market” may scare off some buyers and sellers, it can actually be the perfect time of year for you to list or purchase a home. While the rest of the market is hibernating until spring, take advantage of this opportunity to get a jump start on your competition!

 

 

2. EVERYONE’S MORE MOTIVATED

 

During the spring and summer, you’re likely to encounter “lookie-loo” buyers who are just testing the waters and unrealistic sellers who are holding out for a better offer. But the serious buyers and sellers stay active during the cold weather and holiday season, often because they need to move quickly. In fact, research shows that homes listed in the winter sell faster than any other time of year.1

 

January and February are peak job hiring months, which brings a surge of buyers who need to relocate quickly to start a new job.2 And of course life changes like retirement, marriage, divorce, and new babies come year round. While families often find it more convenient to move during the summer when school is out, the reality is that many don’t have the option to wait. According to the National Association of Realtors, 55 percent of all buyers purchased their home at the time they did because “it was just the right time,” not because of seasonal factors.3

 

If you prefer to deal with serious, highly-motivated buyers and sellers who want to act fast and don’t want to waste your time, then the offseason may be the perfect real estate season for you.

 

 

3. GREATER PERSONAL ATTENTION

 

Another key benefit to buying and selling in the offseason is the increased personal attention you’ll receive.

 

While we strive to provide unparalleled client service throughout the year, we simply have more time available for each individual client during slower periods. Similarly, we find the other real estate professionals in our network—including title agents, inspectors, appraisers, insurance agents, and loan officers—are able to respond faster and provide more time and attention during the offseason than they are during the busy spring and summer months. The result is a quicker and more streamlined closing process for all involved.

 

 

4. COST SAVINGS

 

Clients who move during the offseason often report significant cost savings. Moving costs may be discounted by 15 percent or more during the winter months, and moving companies can typically offer more flexibility in their scheduling.4

 

Home renovations and repairs can also be less expensive in the offseason.Whether you’re fixing up your property prior to listing it or remodeling your new home before moving in, contractors and service providers who are hungry for business are often willing to work for a discount this time of year. If you wait until the spring and summer, you may be forced to pay a premium.

 

Home stagers and decorators are also more likely to negotiate their fees during the winter. And you can often score great deals on new furniture and decor during the holiday sales.

 

Whether you’re buying or selling, count cost savings as another compelling reason to consider an offseason move.

 

 

5. EASIER TO MAINTAIN CURB APPEAL

 

Finally, listing your home during the fall and winter offers one key—but often overlooked—advantage: less lawn maintenance!

 

Good curb appeal is crucial when selling your home. According to a recent report by the National Association of Realtors, 44 percent of home buyers drove by a property after viewing it online but did NOT go inside for a walkthrough.6 That means if your curb appeal is lacking, buyers may never make it through the door.

 

If you list your home during the peak of the selling season, we will generally advise you to implement a frequent schedule of mowing, edging, watering, weeding, and trimming shrubs and hedges. You’ll probably want to plant flowers, as well, to brighten your exterior. After all, a lush landscape is a key element in attracting spring and summer buyers.

 

If you list in the offseason, however, your lawn maintenance list is significantly reduced. While we do recommend that our sellers keep their exterior clean, tidy, and free of leaves, snow, and ice, you will probably spend much less time on outdoor maintenance during the winter than you would if you listed your home in the summer.

DOWNLOAD YOUR FREE REPORT- 5 Reasons Why Winter is a Great Time to Buy or Sell a Home

 

ARE YOU READY TO MAKE YOUR MOVE?

 

Now that you know all the great reasons to buy or sell your Flagstaff home in the offseason, it’s time to decide whether you’re ready to make your move.

 

Every client’s circumstances are unique. Whether you need to move quickly or you simply want to take advantages of all benefits this season has to offer, it’s a great time to enter the Flagstaff real estate market.

 

Give us a call today at 888.446.5602 to schedule a FREE consultation … and you could be ringing in the New Year in your new Flagstaff home!

 

 

Sources:

  1. Redfin –
    https://www.redfin.com/blog/2013/12/why-winter-is-the-hottest-time-to-sell-your-home.html#.VjKYm2SrTKI
  2. Top Resume –
    https://www.topresume.com/career-advice/the-best-times-of-the-year-to-job-search
  3. National Association of Realtors –
    https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers
  4. Angie’s List –
    https://www.angieslist.com/articles/why-winter-can-be-best-time-move.htm
  5. Build Direct –
    https://www.builddirect.com/blog/the-best-times-of-the-year-to-get-deals-on-home-remodels/
  6. National Association of Realtors –
    https://www.nar.realtor/sites/default/files/reports/2017/2017-home-buyer-and-seller-generational-trends-03-07-2017.pdf

 

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Nov. 15, 2018

1185 W University Avenue, 19-255 Flagstaff, AZ 86001

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

See all Condos for sale in Flagstaff

 UC -1185 W University Unit 19-255 Flagstaff AZ. 86001

Great Opportunity! Upstairs Studio Unit At The Arbors

  0 Beds | 1 Baths |$ 134,250

 

Beautiful upper-level studio unit perfect for your NAU student or your vacation/summer home. The Arbors Flagstaff condominiums are nestled in the midst of a beautiful Ponderosa Pine Forest. These luxuriously appointed condominiums are a short bike ride to NAU and conveniently located close to downtown Flagstaff.  This condo will go fast, schedule your showing now! 

Photos and more information here: https://www.northernarizonafinehomes.com/property/175765/

Take a Virtual Tour: https://www.tourfactory.com/2102905

Location

 

1185 West University Avenue

Car-Dependent

Explore Woodlands Village on Walk Score

 

Attractions & Recreation

  • North Pole Experience -  Give the kids details about Santa and his workshop. Kids get to see Santa and help him makes toys. 
  • Flagstaff Escape Space - An escape room is a real-life mystery game where a group of players must work together to decipher a series of puzzles and enigmatic clues while locked in a dark, mysterious room.

Dining Nearby

Nearby restaurants include Satchmo’s, this is a great place for dinner with a group. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s, it's just a small detour from the main road.  You must try pizza with soppresetta, pistachio and honey at the Fat Olives.  Another quick stop is at Coppa Cafe and Bistro.

Schools

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

Woodlands Area Neighborhood 

The Arbors condos in the Woodlands area is a highly sought after condo community because of its central location. Common area includes two newly renovated modern clubhouses with an indoor spa, fitness center, movie room, full-size kitchens, lounge area that has two large gas burning fireplaces, computer access and high-speed Wi-Fi.

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

Search for Condos in Flagstaff, Arizona

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