Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Magnificent Flagstaff Cabin on a Peaceful 10-Acre Lot with Stellar Mountain Views
9 Beds | 5 Baths | $1,500,000

Welcome to a Slice of Heaven on Earth! Nestled in the woods off Highway 180, this remarkable property is more than just real estate; it's a treasure trove of cherished memories and boundless natural beauty. For the Porter Family, this land has been their haven, their legacy, and their heart's true home.

It all began in 1995 when the Porters decided to make their dreams a reality. Inspired by their father's legacy and driven by a passion for family unity, they embarked on an extraordinary journey. With their construction expertise, they crafted an authentic log cabin that stands as a testament to their dedication and craftsmanship. Each log, meticulously numbered and assembled, speaks of a labor of love that spans generations. For 27 blissful years, the Porters have been blessed with a wilderness experience that most can only dream of. Their cabin-building endeavor became a family bonding ritual, an opportunity to work hard together, and a chance to relish the great outdoors.

During construction, a cargo container served as their kitchen and shelter from rainy days; today, it stands transformed into a storied relic, guarding the tools and memories that built this haven. This property has witnessed countless joyous family reunions and romantic getaways for couples seeking solace in the lap of nature. The late summer skies often treated them to awe-inspiring spectacles of thunder, lightning, and the intoxicating scent of rain, etching these moments in their hearts forever.

Situated at the base of two majestic mountains, Crater Mountain and Kendrick Mountain, this location offers more than just a cabin; it's a gateway to adventure. Crater Mountain boasts a serene lake atop its peak, while Kendrick Mountain, Arizona's fifth tallest mountain, invites you to conquer its rugged trails.

As the seasons change, the landscape transforms into a vibrant canvas. In the fall, the quaking aspens paint the surroundings in golden hues, and the elk's majestic bugling fills the air. In winter, the Porters embraced the snow-covered wonderland with two snowmobiles and a cozy fireplace at their cabin. In honor of their grand grandmother, who left them a legacy of love, the Porters are now ready to pass on this slice of heaven to another fortunate soul. The Custom Montana Log Cabin that graces this property is a testament to craftsmanship and quality, carefully assembled, and perfected over time. The logs, aged to perfection, stand as a testament to the Porters' commitment to preserving the beauty and authenticity of their dream home.

Now, this magnificent property awaits its next steward, someone ready to embrace the same sense of wonder, adventure, and family bonding that the Porters have cherished for decades. It's not just a cabin; it's a legacy, a dream, and a place where memories are woven into the very fabric of the land. Welcome to 9644 FS 9009D, Flagstaff, AZ 86001 - where dreams are built, memories are made, and nature's wonders await. Additionally, there are 2 unfinished log cabins for guests or family.

TAKE A VIRTUAL TOUR

Photos and more information here: 

northernarizonafinehomes.com/property/194743/

Location

Walker’s Paradise

Learn more about Kendrick/Crowley Flagstaff

Take Highway 180 North from Flagstaff to Mile Post 234, Which is Forest Service Road 760. Turn left and go approximately 3 miles of Dirt Road to the sign saying 'Kendrick Boys Ranch' 1 mile. It is the old, abandoned Boys Ranch Site.

Attractions & Recreation

You’ll be well-situated to easily visit some of the most renowned attractions of northern Arizona, including the Grand Canyon, Sunset Crater and Wupatki National Monuments, Arizona Snowbowl Ski Resort, Arizona National Scenic Trail, and many other adventure opportunities. 

• Museum of Northern Arizona - Excellent local museum, lots of Native American archeology and Anasazi artifacts.
• Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
• Riordan Mansion State Historic Park - Your tour will lead you through this historic home, filled with original artifacts, handcrafted furniture, and personal items belonging to the Riordan family.

Schools

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

Kendrick/Crowley Neighborhood Information

The Kendrick/Crowley neighborhood is a community of fine Custom Homes and land/lots with amazing views of San Francisco Peaks, Kendrick Mountain, Saddle Mountain, White Horse Hills, and Hochderffer Hills. Visit the Kendrick/Crowley community page for more information about this area.

Looking for a beautiful home or building site in Northern Arizona? Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see residential houses for sale in Flagstaff.

Search for Luxury Homes in Northern Arizona

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

Flagstaff AZ Homes for Sale Over $1M

Sedona AZ Homes For Sale $650,000 - $1M

Sedona AZ Homes for Sale Over $1M

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

Williams AZ Homes for Sale Over $1M 

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 AND Flagstaff month over month as well as the 13-month trend.
• In a continuation of last month’s report, we take a deeper dive into the upcoming trends for the rest of 2023 and early 2024, especially as the market has seemingly settled into a new norm.  
• We review the demand, sales and price changes that have occurred over the last 18 months to understand how the market has shifted and why expectations for the luxury real estate market during the rest of 2023 and into 2024 are, for the most part, positive.
• Investigating pricing trends, we recognize that inventory is still a major player in helping to maintain current pricing and sales consistency.
• However, as we explore demand trends, we are seeing a greater diversification as individual luxury markets become less influenced by national impacts, and more affected by local nuances.
• We discover architectural designs set to impact how homes are built and what influences are the driving forces behind these decisions.
• We reveal key trends in interior design and how they parallel architectural decisions.
• Finally, we share some key trends in smart home technology and how they could improve the quality of our lifestyles.

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.

NORTHERN AZ LUXURY HOMEOWNER ADVICE

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.

GET IN TOUCH

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.

Look at our latest local City Report:

YOU MIGHT BE INTERESTED IN...

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Not long ago, home sellers were in their heyday, as historically low mortgage rates triggered a real estate buying frenzy in Northern AZ. However, the Federal Reserve shut down the party when it began raising interest rates last year.¹  

Now, it’s not as simple to sell a home. While pandemic-era homebuyers were racing the clock—trying to lock in a low mortgage rate and gain a foothold in the market—current buyers are more discerning. Higher prices and mortgage rates have pushed their limits of affordability, leading them to prioritize cost, condition, and overall value.²

The reality is, home inventory remains low, so most properties will still sell with some basic prep, the right price, and a good real estate agent. But owners who go the extra mile are more likely to sell faster and for a higher amount.

If you have plans to sell your Flagstaff/Sedona home and want to net the most money possible, this list is for you. Here are our top seven strategies to attract the best offers and maximize your real estate returns.

1. UNDERGO A PRE-LISTING INSPECTION

Many homebuyers hire a professional to complete a home inspection before they close. But did you know that a seller can order their own inspection, known as a pre-listing inspection, before they put their home on the market?

Having a pre-listing inspection on hand and ready to share shows interested buyers that you’re committed to a transparent transaction. This can help you market your home, strengthen your negotiating position, and minimize roadblocks to closing.³

Of course, it’s always possible that a pre-listing inspection—which looks at the home’s major systems and structures, among other things—could turn up a significant problem. This does carry some risk, as you’ll be required to either fix or disclose any issues to potential buyers. However, in most cases, it’s better to know about and address deficiencies upfront than to find out mid-transaction, when it could cost you more in the form of concessions, a delayed closing, or a canceled sale.

We can help you decide if a pre-listing inspection is right for you. And if it identifies any concerns, we can advise on which items need attention before you list your home.

2. CONSIDER STRATEGIC UPGRADES

Embarking on major renovations before putting your home on the market doesn’t always make financial (or logistical) sense. However, certain upgrades are more likely to pay off and can help elevate your home in the eyes of buyers.

For example, refinishing hardwood floors results in an average 147% return on investment at resale and new garage doors typically pay for themselves.⁴  Similarly, research shows that professional landscaping can boost a home’s value by as much as 20%.⁵

Often, even simpler and less expensive fixes can make a big difference in how your home comes across to buyers. A fresh coat of paint in a neutral color, modern light fixtures and hardware, and new caulk around the tub or shower can help your property look its best.⁵ 

But before you make any changes to your home, reach out. We know what buyers in your neighborhood are looking for and can help you decide if a particular investment is worthwhile.

3. HIRE A HOME STAGER

To get standout offers, you need potential buyers to fall in love with your home—and they’re much more likely to do so if they can envision themselves in the space.

That’s where home staging comes in. Staging can include everything from decluttering and packing away personal items to bringing in neutral furniture and accessories for showings and open houses.

According to the National Association of Realtors, home staging can both increase the dollar value of home offers and help a property sell faster. In fact, 53% of seller’s agents agree that staging decreases the amount of time a home spends on the market, and 44% of buyer’s agents see higher offers for staged homes.⁶

There’s plenty of strategy and research behind the process, so it’s smart to consider a professional. Reach out for a connection to one of our recommended home stagers who can help your property show its full potential.

4. EMPLOY A COMPETITIVE PRICING STRATEGY

While it’s tempting to list your property at the highest possible price, that approach can backfire. Homes that are overpriced tend to sit on the market, which can drive away potential buyers—and drive down offers.⁷ 

Alternatively, if you price your home competitively, which is either at or slightly below market value, it can be among the nicest that buyers see within their budgets. This can ultimately lead to a higher sales price and fewer concessions.

To help you list at the right price, we will do a comparative market analysis, or CMA. This integral piece of research will help us determine an ideal listing price based on the amount that comparable properties have recently sold for in your neighborhood.

Without this data, you risk pricing your home too high (and getting no offers) or too low (and leaving money on the table). Combined with our local market insights, we’ll help you find that sweet spot that will attract the best offers while maximizing your profit margin.

5. OFFER BUYER INCENTIVES

Sometimes, sweetening the deal with buyer incentives can help you get the best possible offer. Incentives are especially helpful in the current market, when many buyers are struggling with affordability and concerned about their monthly payments.

Options that can pay off include:
 

• Buying down their interest rate – You can pay an upfront sum to reduce the buyer’s mortgage rate. This approach can save far more than that cost over the life of the loan, meaning it’s worth more to the buyer than a simple price reduction.⁸
• Offering closing cost credits – You might pay a set amount or a certain percentage of the buyer’s closing costs.
• Paying HOA costs – You could cover homeowner association or condominium fees for a set period of time.
• Including furniture or appliances in the sale – If your buyer is interested, throwing in the furniture or appliances that they want and need can make your property more appealing.

Buyer incentives vary and valuing them can get complicated. We’re happy to talk through the options that might make sense for you.

6. USE A PROVEN PROPERTY MARKETING PLAN

Gone are the days when it was enough to put a “for sale” sign in your yard and place a listing on the MLS. A strategic marketing plan is now essential to get your home in front of as many interested and qualified buyers as possible.

The truth is, buyers who don’t know about your house can’t make an offer. That’s why we utilize a multi-step approach to marketing that starts with identifying your target audience, effectively positioning your home in the market, and communicating its unique value. We then use a variety of distribution channels to connect with potential buyers and performance-based metrics to monitor and improve our campaign results.

Our proven approach can have a big impact on the success of your sale. Reach out to learn more about our multi-step marketing plan and discuss how we can use it to generate interest and offers for your home.

7. WORK WITH AN AGENT WHO UNDERSTANDS YOUR AREA (NORTHERN ARIZONA) 

To get the best offers possible, you need a real estate agent who knows your area inside and out.

Any agent can pull comparable sales data, but in a quickly-evolving market, even the latest comps can lag the current market reality. We have our fingers on the pulse of the local market because we’re working directly with sellers like you. We also represent local buyers who are active in the market, searching for homes like yours.

That puts us in an ideal position to help you price your home for a quick sale and maximum profit. And since we hear first-hand what local buyers want, we can help you prep your home to broaden its appeal and highlight its most-coveted features. Additionally, we can use our extensive network of local agents to solicit feedback and get your home in front of more potential buyers.

All of these factors can add up to a significant difference in your profit: In 2021, the typical home sold by owner went for $225,000 compared to a median price of $330,000 for agent-assisted home sales.⁹

LET’S GET MOVING

Are you ready to get a great offer for your Northern Arizona home? Our multifaceted approach can help you maximize your real estate returns. Reach out to Kelly for a free home value assessment at 928.606.6749 and get a customized sales plan to get started!

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. U.S. Bank -
   https://www.usbank.com/investing/financial-perspectives/investing-insights/interest-rates-impact-on-housing-market.html
2. National Association of Realtors -
   https://www.nar.realtor/sites/default/files/documents/2023-home-buyers-and-sellers-generational-trends-report-03-28-2023.pdf
3. Bankrate -
   https://www.bankrate.com/real-estate/prelisting-inspection/
4. National Association of Realtors -
   https://www.nar.realtor/sites/default/files/documents/2022-remodeling-impact-report-04-19-2022.pdf
5. Bankrate -
   https://www.bankrate.com/homeownership/landscaping-increase-home-value/
6. National Association of Realtors -
   https://www.nar.realtor/infographics/staged-for-success
7. The Balance -
   https://www.thebalancemoney.com/looking-twice-at-overpriced-homes-1798671
8. U.S. News & World Report -
   https://money.usnews.com/loans/mortgages/articles/a-guide-to-seller-paid-mortgage-rate-buydowns
9. National Association of Realtors -
   https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics

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Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Beautiful Single-Level Home Close to Flagstaff City Limits Boasts Spectacular Views and Attached Guest ADU, Perfect for Multigenerational Living 

4 Beds | 3 Baths | $1,685,000

Welcome to Beautiful Belle Springs Rd. in Flagstaff, AZ - a remarkable property that seamlessly blends functionality, versatility, and breathtaking natural beauty. Nestled within the Westpeak subdivision, this single-level home that comes with an attached guest ADU or Mother-In-Law flat, offers an extraordinary opportunity for multigenerational living.

This 3-bedroom, 2-bathroom home is thoughtfully designed for comfortable living, boasting the convenience of single-level living. The property emanates a spacious and inviting ambiance with a keen emphasis on maximizing both space and style. The attached guest suite complements the main residence, providing an additional 1 bedroom and 1 bathroom, complete with its own living room and kitchen. Tailored for extended family members or guests, this ADU enhances the property's versatility.

TAKE A VIRTUAL TOUR

Unwind and relish the spectacular views of the peaks and the picturesque surroundings. The area teems with wildlife, including Elk, Deer, and a variety of birds. Enjoy the serenity of the outdoors from the beautiful rear patio adorned with Trex decking and sunscreens.

Inside, meticulous attention to detail is evident. Milgard Tuscany Series Windows ensure insulation, and the home's extra insulation, coupled with sun coat max low-e glass, guarantees energy efficiency. The exterior boasts fire-resistant Hardie board concrete fiber siding, combining aesthetic appeal with safety. Granite counters grace both kitchens and all bathrooms, showcasing both quality and elegance. The master bath boasts a spacious walk-in shower, elevating your daily routines with a touch of luxury. Stay warm during cooler months with the wood-burning firebox, complete with a fan and heating vents that spread comfort to the living area and master bedroom. Practicality meets convenience with the property's deep 3-car garage, perfect for storing vehicles and outdoor gear. Knotty alder interior doors and trim envelop the home in a warm and inviting atmosphere.

TAKE A 3D TOUR (FLOORPLAN)

This property is zoned as horse property, offering ample space for your outdoor pursuits and recreational toys. Full RV hookups, including 30 amp service, cater to travel enthusiasts.

Benefit from a prime location that's remarkably close to city limits, providing easy access to urban amenities while preserving a sense of retreat. The park area in front, highlighted by a Cauldron Fire Pit, adds a touch of community and charm. Discover a lifestyle that marries comfort, versatility, and natural beauty at 6000 W. Belle Springs. Reach out today to arrange a viewing and unlock the unique possibilities that this remarkable property presents. Your dream home, complete with space for multigenerational living and a strong connection to the outdoors, awaits your arrival.

More photos and information: 

www.northernarizonafinehomes.com/property/194565/

Location

6000 W Belle Springs Way

Car-Dependent

Learn more about West Peak Flagstaff

West on Old Rt. 66 (towards I-40). Right on Belle Springs Way. Right to the end of the cul-de-sac (beginning of Lot 2). Park in cul-de-sac and walk west (across front of Lot 2) to Lot #1

Attractions & Recreation

• Flagstaff Ranch Golf Club- 1.1 miles
• Thorpe Park (Dog Park) -3.6 miles
• Walnut Canyon National Monument - Features prehistoric archaeological sites that are spectacularly located in cliffs and along the rim of Walnut Canyon. 

Schools

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Under Contract! Reside in Comfort and Elegance at this Updated Lakeside Acres Townhouse Amidst the Pines, with AC!

3 Beds | 2.5 Baths | $689,980

OPEN HOUSE Saturday, Sept 9, 11am-2pm

Welcome to your serene haven in the heart of Lakepoint, where every detail has been thoughtfully curated to enhance your lifestyle. This 3-bedroom, 2.5-bathroom townhouse spanning 1,772 square feet invites you to experience the perfect blend of comfort, elegance, and the wonders of nature.

Revel in the cozy comfort as the fireplace, thoughtfully positioned at eye level, treats you to daily winter indulgence. Paint colors, curated for serenity without being commonplace, were artfully selected with the guidance of an interior designer. Embrace the practical beauty of floors designed for life - easy to maintain and resistant to wet conditions, catering to snow, rain, and pet-friendly living. Your connection to nature thrives with glimpses of Elk herds, soaring eagles, graceful geese, and serene deer. Solitude and peace are your constant companions, while privacy, night skies, and mesmerizing sunsets grace your deck. The advantages of a Continental Country Club Membership offer access to a gym, tennis and pickle-ball courts, a pool, miniature golf, and spirited ping pong matches.

Nestled amidst pine trees, this sanctuary welcomes a symphony of birds, where blue jays partake in daily meals. Discover quietude and exclusivity, with a prohibition on short-term vacation rentals. Nearby pathways invite invigorating walks for exercise, while proximity to a park and effortless access to shopping, downtown Flagstaff, and an array of restaurants offer unparalleled convenience.

This home has been revitalized with modern enhancements, from new floors, walls, and window coverings to toilets and lighting. Wonderful Air conditioning for inside comfort and new Trex deck installed in 2021 beckons outdoor enjoyment, while updated appliances from 2016 add contemporary convenience.

Welcome to a life where every detail resonates with comfort, style, and connection. Experience this exceptional townhouse in Lakepoint - contact us to schedule your showing and embark on a journey to make this remarkable residence your very own. Your ideal lifestyle awaits, nestled in nature yet seamlessly connected to modern amenities.

TAKE A VIRTUAL TOUR

More photos and information: 

northernarizonafinehomes.com/property/194532/

Location

1059 North Lakepoint Way

Car-Dependent

Learn more about Lakeside Acres Flagstaff

Dining Nearby

Looking for an unusual menu with a great range of flavors? Silver Pine Restaurant and Bar a great place for you. You must try pizza with soppresetta, pistachio and honey at the Fat Olives. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s, it's just a small detour from the main road.

Attractions & Recreation

• North Pole Experience - Give the kids details about Santa and his workshop. Kids get to see Santa and help him makes toys. 
• Wheeler Park - A great place to stay cool under the trees and enjoy outdoor with family.
• Walnut Canyon National Monument - Features prehistoric archaeological sites that are spectacularly located in cliffs and along the rim of Walnut Canyon. 

Schools

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Price Reduced! Rare Find! 2-Story Flagstaff Townhome with Golf Course Views AND Air Conditioning

3 Beds | 3 Baths | $514,500

Indulge in luxury at Continental Country Club's Elk Run with this exceptional 2-story townhome. Situated alongside the picturesque 12th hole of Aspen Valley Golf Course, this residence offers an enviable lifestyle. Presenting 3 bedrooms and 3 bathrooms, each bedroom features its own en suite for maximum comfort and privacy. The thoughtfully designed layout includes one bedroom on the lower level and two upstairs.

Step inside to discover recent high-quality upgrades that enhance both style and functionality. From the stunning new floors that lead you through the home, to the modern kitchen equipped with new appliances, every detail has been meticulously attended to. The lower-level bathroom has been completely renewed, while energy-efficient Anderson windows flood the space with... natural light. Stay comfortable year-round with the luxury of air conditioning - a rare find in this locale. Step out onto the deck and be mesmerized by the sweeping views of the verdant forest and the manicured golf course.

TAKE A VIRTUAL TOUR

Marvel at the regular visits from elk, deer, and other wildlife, all while enjoying the serene backdrop of nature. Parking is effortless with three designated spaces. The detached garage, outdoor spot, and assigned parking across the street ensure ample space for your vehicles and guests. Embrace a low-maintenance lifestyle, granting you the freedom to explore Flagstaff and immerse yourself in the golfing scene during the city's finest seasons.

This townhome isn't just a property; it's an invitation to experience the ultimate in elegance and nature. Don't miss this chance to own a slice of Flagstaff paradise. Reach out today to seize this captivating opportunity!

Photos and more information here: 

www.northernarizonafinehomes.com/property/194508/

Location

2332 North Whispering Pines Way

Car-Dependent

Learn more about Elk Run in Flagstaff

Travel east on I-40BL E/Historic Rte 66/Rte 66, Turn right onto N Fourth St, Turn left onto Sparrow Ave, Turn left onto N Foxglenn St, Turn right onto Fox Lair Dr, Turn right onto N Elk Run St, Turn right onto N Whispering Pines Way - Destination will be on the right

Amusement & Recreation 

• Museum of Northern Arizona - Excellent local museum, lots of Native American archeology and Anasazi artifacts.
• Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Beautiful place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
• Riordan Mansion State Historic Park - Your tour will lead you through this historic home, filled with original artifacts, handcrafted furniture, and personal items belonging to the Riordan family.

Dining Nearby

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 can also drop by Tinderbox Kitchen and enjoy the tasty food and Flagstaff's authentic vibe. The Northern Pines, it's very conveniently located at the intersection of the I-17 and I-40, they offer lots of great breakfast, lunch and dinner choices made with real ingredients and served hot and fresh.

Schools

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

Elk Run Neighborhood

The Aspen Valley Golf Club is a private golf course in the Elk Run area of Flagstaff that features 5 sets of tees for different skill levels. Elk Run residents also have access to the Continental Country Club amenities as part of their $550 annual HOA dues. Visit the Elk Run community page for more information about this neighborhood in southeast Flagstaff.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see this Updated Townhome Backing the Aspen Valley Golf Course or other residential 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 $600,000 - $700,000

Flagstaff Homes for Sale $700,000 and above

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

Flagstaff Home Sales Slide, Prices Down from a Year Earlier

The summer selling season may be starting to taper off as July saw Flagstaff home sales down from June. This decline was tied to a 25% drop in new listings going on the market. However, inventory is still up 3% from the previous month, and demand for houses is still strong. Here's the most recent update. 

FLAGSTAFF HOME SALES

US Existing-Home Sales Slipped 2.2% in July while Greater Flagstaff's housing sales retreated by 26% from the previous month according to data released by the Northern Arizona MLS. One hundred and twenty-eight homes were sold in July, representing a 7.9% decline from the prior year. 

"Two factors are driving current sales activity – inventory availability and mortgage rates. Unfortunately, both have been unfavorable to buyers." said National Association of Realtors Chief Economist Lawrence Yun.

The Broaddus Properties Group listed and sold: seven Flagstaff homes in July; valued at over $4.5 million.  

FLAGSTAFF MEDIAN HOME PRICE

"The median list-to-sales ratio for this area is 98.8%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property. 

Flagstaff sold median home price in July 2023 is flat at -0.1% vs June this year. It dropped 4.5% year on year to $697,000, from $730,000 the previous year. The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less . . . For example, if more lower-priced homes have sold recently, the median sale price would decline (because the “middle” home is now a lower-priced home), even if the value of each individual home is rising.

Homes remained on the market for a median of 48 days, which means homes sold 5 days faster vs the same period last year, and faster than the 51 days we saw in June.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

JULY 2023 Flagstaff Market Watch Summary

Total Home Sales - 128 homes, down 7.9% vs July 2022.

Median Sales Price - $697,000, down 4.5% vs July 2022

Mortgage rates - The weekly average for a 30-year fixed rate mortgage rate is 7.09% as of Aug 17, down from 6.96% the previous week. The 30-year fixed-rate mortgage was 5.54% a year ago. 

Longest days on market (SF): 640 days, this is a 2-bedroom new construction in the Tiny House Village, one of Flagstaff's newest manufactured home community

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.

• The Flagstaff single-family luxury market is a Balanced Market with a 20% Sales Ratio.
• Homes sold for a median of 97.1% of list price in July 2023.
• The most active price band is $2,900,000-$3,199,999, where the sales ratio is 150%.
• The median luxury sales price for single-family homes is $1,492,500.
• The median days on market for July 2023 was 42 days, up from 56 in July 2022.

FLAGSTAFF'S PRICIEST HOMES SOLD in JULY 2023

Photo courtesy of Symmetry Realty Brokerage

• The highest-priced single-family Flagstaff home that sold in July 2023 is a stunning $7,600,000 four-bedroom modern luxury home in Pine Canyon built in 2019. Located at Clubhouse Circle on a corner lot and just over a half-acre, the new owners will enjoy filtered views of Mt. Elden
• The highest-priced Flagstaff townhome sale was a $563,500 four-bedroom in University Heights with 4 decks and patios. Views of the Peaks. On Flagstaff's urban trail system
• The highest-priced Flagstaff condominium sale was a $1,250,000 upper-level condo featuring stunning views of the San Francisco Peaks located in Pine Canyon built in 2021 

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in JUNE 2023

Photo courtesy of Realty Executives of Flagstaff

• The lowest-priced single-family Flagstaff home that sold in July was a $415,000 three-bedroom turnkey Southside/ Brannen home sitting on a LARGE lot backing undeveloped land, near Arroyo Park and trails
• The lowest-priced Flagstaff townhome sale last month was $395,000 three-bedroom updated townhouse in Christmas Tree Estates. Close to trails, shopping, and easy freeway access.
• The lowest-priced condominium sold in July was a $259,900 one-bedroom in University Meadows, located just across Northern Arizona University, close to downtown.

Flagstaff Home Buyer Advice

The housing market is constantly changing, and in today's fast-paced environment, it is more important than ever to have a trusted real estate agent on your side. Whether you are buying your first home or selling your current one, it is essential to work with an expert who can guide you through each unique step of the process.

A real estate agent can help you find the right property for your needs, negotiate the best price, and close the deal smoothly. They can also provide valuable advice on everything from financing to home inspections.

If you’re a first-time homebuyer and you’d like to learn more about lending options that could help you overcome today’s affordability challenges, we can connect you to our trusted lender professionals. Call us at 888.446.5602 or email kelly.broaddus@exprealty.com.

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 

Let's talk about how to get a better knowledge of home price trends and reports.  Just because the median home sales price changes, it doesn’t mean home prices are falling. 

The median home sales price is not a perfect indicator of the overall health of the housing market. It can be affected by a number of factors, including the mix of homes being sold, affordability, and current mortgage rates. For example, if there is an increase in the number of high-priced homes being sold, the median home sales price will go up even if the overall number of homes sold remains the same. Similarly, if mortgage rates go up, fewer people will be able to afford to buy homes, which could lead to a decrease in the median home sales price.

Ready to sell? Let’s connect to start the process. Call us at 928.606.6749 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

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 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. 

You Might Be Interested In:

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 AND Flagstaff month over month as well as the 13-month trend.
• In this month’s report, we take a step back in time to understand why the luxury real market has truly changed, how this new reality for buyers and sellers was created, and why it needs to be appreciated.
• We evaluate the differences and similarities between 2019 and 2023 and how changes during the pandemic, specifically with respect to inventory levels, have now created a very different real estate environment.
• Typically, a slowing market would expect to see inventory levels increase significantly, prices decline, and sales levels fall – but in 2023 the results are contradicting normal expectations.
• Discover why the volume of sales, although lower in 2023 compared to the previous three years, are actually stronger than 2019 and the significance of this trend.
• Equally, discover why understanding inventory levels, both total availability and new listings, is now an important key to appreciating how to navigate effectively in today’s market.
• While it’s safe to say that buying and selling the luxury real market has changed, it’s also important to understand that demand trends have also shifted.
• We reveal why for luxury homeowners it is all about “the experience” and how savvy homeowners, real estate professionals, developers, architects and designers are all keen to integrate this new trend into their home purchasing requirements. 
• In an era where mass consumption means both the upper class and the middle class can own the same luxury brand, the rich are forgoing material goods to invest in the immaterial as a way to signify status. 
• Understand why the general message is that luxury is not about throwing money around by adding more fancy materials but instead about creating a comfortable experience that affords the feeling of luxurious wellness and safety. 
• And how these demands are being achieved, implemented and expected by the affluent.

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.

NORTHERN AZ LUXURY HOMEOWNER ADVICE

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.

GET IN TOUCH

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.

Look at our latest local City Report:

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