Feb. 16, 2024

Upgrade Your Northern AZ Home With These 2024 Design Trends

Upgrade Your Home With These 2024 Design Trends

 

One of the best parts of owning a home is the freedom to make it truly your own with design choices that reflect your personality and lifestyle. Whether you lean toward contemporary design or a farmhouse aesthetic, your home is your canvas.

 

Even so, it’s always smart to think about the long-term impact those decisions might have on your home’s value. Choosing over-personalized or unpopular materials and finishes could make your home less appealing to future buyers. And selecting out-of-style or overly-trendy elements could cause your home to feel dated quickly.

 

To help inspire your design choices, we’ve rounded up some of the top trends we’re watching in 2024. Keep in mind, not all of these will work well in every house. If you plan to list or renovate your property, give us a call. We can help you realize your vision and maximize the impact of your investment.

 

 

  1. Spa-Like Bathrooms

 

We could all use a little more relaxation in our lives—so why not bring the spa into your home? In 2024, more homeowners will remodel their bathrooms to turn them into personal oases.1,2

 

If you’re undertaking a renovation, consider upgrading fixtures and materials. Handmade tile and custom cabinetry can add a touch of style and luxury. Trade stark whites for warm neutrals to create a more relaxed feel—think light wood tones, creams, and beiges.3 Complete the look with soft ambient lighting from a backlit mirror or pair of decorative sconces.2,3

 

If you want to maximize the mind-body benefits of a relaxing bathroom (and have the budget to spare), you might consider installing a steam shower, infrared sauna, or cold plunge tub.3 Not looking to spend as much? Even minor upgrades like a massaging showerhead or heated towel bar can add some pampering to your morning routine.3

 

But remember, if you’re modifying your bathroom, it’s always wise to work with experienced and licensed professionals to avoid water damage that could lead to costly repairs. We can refer you to a trusted contractor for help.

 

 

  1. Maximalist Decor

 

In 2024, maximalism is back in vogue, contrasting the neutral aesthetic that dominated design in recent years. While maximalism can be summed up as “more is more,” there’s nothing sloppy or cluttered about this look. Instead, it’s all about intentional curation.4

 

Hallmarks of maximalist style include rich and saturated colors, bold wallpaper, statement rugs and furniture, and lots of art. And forget matching—maximalist interiors often include plenty of contrasting colors, textures, and patterns selected to complement one another.4

 

If you’re trying to embrace maximalism on a budget, check out thrift stores. They’re often a great place to find unique furniture, colorful rugs, and interesting art or collectibles. Before you invest in rolls of vintage wallpaper, though, it’s important to note—if you plan to sell your home in the near future, the maximalist look won’t appeal to every buyer.

 

We typically advise sellers to remove clutter and personal items to help buyers imagine their own future lives within the home. Sometimes, that means repainting or redecorating in a more neutral palette. Of course, this shouldn’t stop you from embracing your own style now—just be aware that you may need to walk back your aesthetic prior to selling. We can advise you when the time comes.

 

 

 

  1. Japandi Style

 

Not quite ready to embrace maximalism? Japandi style, which blends Japanese and Scandinavian influences, offers a more subdued approach that still has plenty of character. The look dates back about 150 years to a time when many Scandinavian designers were traveling to Japan for inspiration.5

 

Japandi style brings together clean lines, simplicity, and a focus on natural elements and light. It emphasizes the beauty in imperfection, or “wabi sabi,” and a deep connection to Mother Earth. And like Scandinavian decor, the look prioritizes comfort and a sense of sanctuary in the home.5

 

Interested in playing with Japandi? Common features include calming color palettes and organic materials like raw wood and bamboo. Try softening harsh edges with softer textures, like cozy blankets and ceramic pieces.

 

The look also minimizes clutter, but that doesn’t mean you need to be a minimalist. Instead, Japandi style embraces storage solutions like baskets, folding screens, and sofas with built-in storage to give everything a place.6 If you’d like some help implementing Japandi-style organization in your home, contact us for a list of recommended professionals.

 

 

 

  1. Mixed Metals

 

Mixing metals used to be a “no-no.” But in 2024, it’s definitely a “yes.”

 

According to designers, mixing the colors and finishes of metal fixtures and hardware can bring visual interest to a room—as long as you go about it the right way.1,7

 

The most important rule to keep in mind is to stay away from near matches, like brass and gold—that’s more likely to look accidental than intentional. Instead, go for bold contrast: Think polished nickel and matte black.7

 

Some designers recommend using each metal at least twice in a room to make it look cohesive. Another good rule of thumb is to stick to two types of metals in a small room and two to three in a larger space.7

 

Finally, you might think about playing with undertones (brass is warm, chrome is cool) to change the “temperature” of a room. And don’t be afraid of a little shine—many designers predict that a retro, high-polished look will replace matte finishes in 2024.8

 

Want some help sourcing fixtures and hardware in a variety of finishes? Reach out for a list of our favorite retailers.

 

 

 

  1. Wood Cabinetry And Accents

 

The all-white kitchen has been ubiquitous in recent years. But in 2024, classic wood cabinetry is back in a big way.9 In fact, industry professionals surveyed by the National Kitchen & Bath Association predict that wood cabinets will be more popular than white in the next three years.10

 

Natural wood tones offer a sense of warmth and natural beauty.11 And today’s cabinets aren’t anything like the heavy, dated versions of the past. Instead, light to medium versions—like white oak and walnut—and warmer undertones are trending.9

 

The addition of wood-grain accents to painted kitchen cabinets—like with a contrasting island or range hood—is another popular option.12  And wood continues to be a favored choice for flooring. A recent survey found that 40% of homeowners opted for either hardwood or engineered wood when renovating their kitchen floors.13

 

You can also expect to see more wood in bathrooms in 2024. According to Houzz, last year, wood vanities surpassed white in popularity for the first time in recent years, and designers expect the trend to continue.12 While white countertops and walls still dominate bathrooms, a wood-grained vanity brings a relaxed, organic element into the space.

 

Dreaming about new cabinets or hardwood floors? We’d be happy to share a list of recommended trade professionals who can help.

 

 

 

  1. Timeless Renovations

 

In its latest Kitchen Trends Study, Houzz found that “nearly half of homeowners (47%) opt for a timeless design as a sustainable choice during renovations.” Respondents cited long-term cost effectiveness and environmental consciousness as their main motivators.14

 

In a rapidly changing, technology-driven world, it’s no surprise that homeowners want a nurturing space with lasting appeal—especially if they plan to stay in their homes for years to come.12

 

Traditional materials and quality craftsmanship lie at the core of timeless design, which some designers are calling “quiet luxury.”15 Think of enduring classics, like hardwood floors, hand-crafted tiles, and marble countertops.12 A timeless color palette will also often include warm neutrals and muted shades of blue and green.15

 

If you’re thinking about remodeling, it’s wise to incorporate as many classic elements as you can. These stylistic choices tend to hold up well over time, which can prolong the life of your investment and make it easier to sell your home down the road. If you’d like advice on an upcoming project, contact us for a free consultation.

 

 

 

BEAUTIFY YOUR HOME WHILE BOOSTING ITS VALUE

 

If you’re thinking about making design changes—whether that’s repainting or a full remodel—it’s important to be informed about how your choices could impact your home’s resale potential. Buyer preferences can vary significantly based on your home’s neighborhood and price point. Before you begin your project, reach out to discuss your plans and how they could impact the value of your home.

 

 

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. HGTV - 
    https://www.hgtv.com/design/decorating/design-101/2024-home-and-garden-design-trends
  2. The Spruce -
    https://www.thespruce.com/2024-design-trends-8411457
  3. The Spruce -
    https://www.thespruce.com/2024-bathroom-design-trends-8380169
  4. Homes and Gardens -
    https://www.homesandgardens.com/interior-design/maximalist-decor-ideas
  5. The Spruce -
    https://www.thespruce.com/japandi-design-4782478
  6. House Beautiful -
    https://www.housebeautiful.com/room-decorating/a45851530/japandi-interior-design-style/
  7. The Spruce - https://www.thespruce.com/4-rules-designers-say-you-should-follow-or-ignore-when-mixing-metals-in-a-room-5199031
  8. The Spruce -
    https://www.thespruce.com/2024-lighting-trends-8365056
  9. Good Housekeeping -
    https://www.goodhousekeeping.com/home/decorating-ideas/a45576463/wood-kitchen-cabinet-trend-2023/
  10. Better Homes and Gardens -
    https://www.bhg.com/2024-kitchen-trends-840656
  11. Real Simple -
    https://www.realsimple.com/2024-kitchen-cabinet-trends-masterbrand-7974600
  12. Houzz -
    https://www.houzz.com/magazine/28-home-design-trends-that-will-define-2024-stsetivw-vs~172317389
  13. Houzz -
    https://www.houzz.com/magazine/10-kitchen-trends-to-watch-in-layouts-features-and-more-stsetivw-vs~165050822
  14. Houzz -
    https://www.houzz.com/magazine/2023-u-s-houzz-kitchen-trends-study-stsetivw-vs~164970160
  15. Better Homes and Gardens -
    https://www.bhg.com/quiet-luxury-home-trend-7554026

 

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Feb. 7, 2024

4211 Palm Lane 202 Phoenix AZ 85008

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

 

4211 Palm Lane 202 Phoenix AZ 85008

SOLD! Charming Flat in Gardens 3 Condominiums, Phoenix | Mountain Views, Near 202 Freeway, Schools, and Botanical Gardens! 

2 Beds | 2 Baths | $234,000

Step into luxury with this completely renovated condo boasting a plethora of upgrades. From new windows and patio door to a fresh front door, every detail has been meticulously attended to, including removing the acoustic from the ceilings! Even the smallest touches shine with all hardware, hinges, and knobs on kitchen cabinets and doors now gleaming in silver.

 

The kitchen has been transformed with newly painted cabinets, stunning countertops, and state-of-the-art appliances. Step onto new flooring throughout, and bask in the warm glow of a new light fixture overhead.

 

Stay comfortable year-round with the addition of new heating and AC units, while new baseboards, light switches, and outlets add a touch of modern elegance to every room.

 

With a fresh coat of paint throughout, this condo is truly move-in ready. Don't miss your chance to call this beautifully remodeled unit home!

TAKE A VIRTUAL TOUR

 

Location

4211 East Palm Lane

Somewhat Walkable

Learn more about Phoenix

 Traveling east on I-10, take exit 147A 202-Loop East(5.8), take exit 3 (McDowell Rd), turn north on N. 44th St.(1.0), turn east on e Palm Lane(0.5), property on south side of street.

The property is conveniently situated with easy access to the 202 freeway, making it a prime location for commuters and travelers.

 

Dining/Shopping Nearby

Within walking distance, there are several shopping options, including Target, Fry’s, and Costco at Arcadia Crossing. Here are some popular restaurants near Gardens 3 Condominium: 

 

  1. The Arrogant Butcher. A downtown gem, just across from The Footprint Center, offering juicy steaks, burgers, and an impressive raw bar. Perfect for power lunches, dinners, or pre-game gatherings with impeccably crafted food and drinks.
  2. Chico Malo. Located in CityScape, Chico Malo brings lively Mexican flavors to downtown. From USDA Prime Carne Asada to fresh guacamole and craft cocktails, it's a flavorful experience with downtown views.
  3. Wren & Wolf. A downtown hotspot blending a craft cocktail bar with a chef-driven kitchen. Ideal for vibrant dinners, morning coffees, or power meetings, offering inventive steakhouse fare and elevated comfort food¹.

Attractions & Recreation

  • Botanical Gardens and Phoenix Zoo: Nature enthusiasts will appreciate the proximity to the Botanical Gardens and the Phoenix Zoo. 

Schools

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

  • Elementary: Griffith Elementary School 
  • Jr High School: Griffith Elementary School 
  • High School: Camelback High School

 

 

Gardens 3 Neighborhood Information 

Gardens 3 Condominium in Phoenix offers amenities such as gated entry, parking, and a community pool. Contact Kelly Broaddus at kelly.broaddus@exprealty.com  or call 888-4465602 to see other houses for sale in Phoenix.

 

Search for Homes in Flagstaff, Arizona

Flagstaff Homes for Sale Below $500,000

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Feb. 6, 2024

9395 Ranch at The Peaks Way 47 Flagstaff, AZ 86001

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

9395 Ranch At Peaks Way Unit 47, Flagstaff, AZ 86001 

SOLD! Discover Your Mountain Retreat: 2-Acre Dream Home with Included Custom Plans in Flagstaff, AZ

$339,000

 

Your dream home awaits on this 2 acres of time saving potential! Nestled on the back edge of the subdivision lies this square and level 2 acre parcel with breath taking views of forest, meadow, and mountain. Explore endless trails in this serene area just beneath Mt Humphreys or take the short drive up to ski at the Snowbowl! Save yourself a year of home and septic design and approval headache with the INCLUDED plans for a custom 2,184 square foot, 3 bedroom 2.5 bath home designed with ample outdoor recreation space in mind by one of Flagstaff's premier architects. Home plans convey at a $35,000 value! Start building as quickly as your contractor can accommodate! Call your realtor today to inquire about financing the land AND construction of your new home all in one package.

 

Photos and more information here: 

www.northernarizonafinehomes.com/property/194252/

 

Location

9395 Ranch at The Peaks way

Car-Dependent

Learn more about Ranch at the Peaks/Snowbow

From downtown Flagstaff take highway 180 north. Follow for 7 miles. Turn right on Chimney Springs Trail. Follow to the right on Ranch at the Peaks Way. Follow around as road curves to the left. Parcel will be on the right.

 

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:

  • Leupp Public Elementary School PK-5
  • Mount Elden Middle School 6-8
  • Flagstaff High School 9-12

Ranch at the Peaks/Snowbowl Ranches Neighborhood Information

The Ranch at the Peaks/Snowbowl Ranches neighborhood in Flagstaff, Arizona offers a blend of natural beauty and modern living. Here are three unique features that set this community apart:

  • Mountain Views and Serene Setting:
  • Spacious Lots and Custom Homes:
  • Outdoor enthusiasts will love the proximity to Arizona Snowbowl Ski Resort, forest access, hiking, and biking trails.

Whether you seek adventure or relaxation, this community offers a unique blend of natural beauty and convenience. Visit the Ranch at the Peaks/Snowbowl Ranches Home 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.

 

Lots/Land Parcels for Sale in Northern Arizona

Parks AZ LOT/LAND FOR SALE

FLAGSTAFF AZ LOT/LAND FOR SALE

SEDONA AZ LOT/LAND FOR SALE

WILLIAMS AZ LOT/LAND FOR SALE

Jan. 30, 2024

Rising Market Trends: Homeownership in 2024 and Beyond

Explore the critical trends shaping the 2024 real estate landscape.

 

Today, we’ll untangle the intricacies surrounding interest rates, housing prices, and economic patterns. From dramatic rate fluctuations to the nuanced relationship between inflation, recession, and interest rates, we explore the forces shaping the real estate landscape. Learn about how these market trends affect prospective buyers and sellers. Join us for an insightful exploration into the dynamic realm of real estate, where informed decisions are key.

 

Feel free to watch the full video or use these timestamps to browse specific topics at your leisure:

 

0:00 — Introduction

 

1:00 — Advice to buyers

 

3:16 — Who first-time buyers are

 

4:44 — Advice to sellers

 

5:16 — Wrapping up

 

If you have any questions about this topic or need real estate help, call or email us. We’re always happy to help.

Jan. 26, 2024

Flagstaff AZ Real Estate Market Update- Year End 2023

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

December 2023 Flagstaff Market Report

 

Flagstaff Real Estate Sees Decade-Low Sales, but a Resilient Rebound Looms Ahead

 

 It's common to witness a noticeable slowdown in the housing market towards the year's end, and December 2023 was no different. Homes took more time to sell, median sales prices was up, and there was a decrease in inventory. Here's our latest update.  

 

FLAGSTAFF HOME SALES

 

US Existing-Home Sales Receded in December vs November while Greater Flagstaff's housing market dropped 23.7% from the previous month according to data provided by the Northern Arizona MLS. With only seventy-four homes sold, this is the lowest December sales in 10 years.

 

Home Sales by Type

December 2023 Flagstaff Home Sales by Type

 

The decrease in these figures doesn't necessarily bring bad news. The slowdown in the market is anticipated, given the time of year and as a result of a year focused on market stabilization.  

"The latest month's sales look to be the bottom before inevitably turning higher in the new year. Mortgage rates are meaningfully lower compared to just two months ago, and more inventory is expected to appear on the market in upcoming months," said National Association of Realtors Chief Economist Lawrence Yun.

 

Flagstaff Home Sales per Quarter

2023 Flagstaff Home Sales per Quarter

 

As evident, sales continue a downward trajectory for the year, starting with high double digits in the first three quarters and then decreasing to single digit in the fourth quarter. 

There was a total of 1275 sales which is 18.9% lower than last year. The highest was in 2020 with 2,240 residential housing units sold. The real estate market slowed down throughout 2023, with mortgage rates slightly dropping in the last quarter creating more opportunities for homebuyers, 

In 2023, the Broaddus Properties Group Brokered by eXp helped list and sell seventy Northern Arizona homes valued at over $58.9 Million+. In 2022 we listed an sold 59 homes worth $41.1 Million+ 

 

FLAGSTAFF MEDIAN HOME PRICE

Flagstaff Median Home Price & DOM December 2023

"The median list-to-sales ratio for this area is 97.5%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property. 

The median property price in Flagstaff experienced a modest 2.7% increase, reaching $718,000 in December. In comparison to the same month last year, this reflects a notable 10.5% surge from $650,000. 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.

The selling process for homes extended in December, with a median time on the market reaching 100 days. This marks an increase of 31 days compared to last year and a 20-day slowdown from November.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

 

DECEMBER 2023 Flagstaff Market Watch Summary

2023 Flagstaff Real Estate Market Watch Total Home Sales - 74 homes, down 16.9% vs December 2022.

Median Sale Price - $718,000, up 10.5% vs December 2022

Mortgage rates - The 30-year fixed-rate mortgage rate averaged 6.93% this week, up from 6.88 percent last week according to Bankrate.com

Longest days on market (SF): 810 days This is a newer construction one bedroom at the Views at Butler, a 5-story community located in Downtown Flagstaff

CDOM The acronym CDOM (Cumulative Days on Market) is used by the Flagstaff MLS to describe how many days a property has been available for sale. A property must be off the MLS for at least 90 days for the CDOM to restart, even if a different agent lists it. We report the average days on the market for properties sold based on CDOM.

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

 

FLAGSTAFF LUXURY HOME SALES

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

Flagstaff Luxury Market Report December 2023

  • The Flagstaff single-family luxury market is a Balanced Market with a 16% Sales Ratio.
  • Homes sold for a median of 99.83% of list price in December 2023.
  • The most active price band is $1,100,000-$1,999,999, where the sales ratio is 63%.
  • The median luxury sales price for single-family homes is $1,255,000.
  • The median days on market for December 2023 was 116 days, up from 57 in December 2022.

 

 

FLAGSTAFF'S PRICIEST HOMES SOLD in DECEMBER 2023

FLAGSTAFF'S PRICIEST HOMES SOLD in December 2022

Photo courtesy of RE/MAX Fine Properties

  • The highest-priced single-family Flagstaff home that sold in December was a $2,950,000 five-bedroom luxury custom home in Forest Highlands offering stunning forest and golf course views
  • The highest-priced Flagstaff townhome sale was a $710,000 four-bedroom in Forest Spring, located between the prestigious Country Club neighborhood and Downtown Flagstaff 
  • The highest-priced Flagstaff condominium sale was a $500,000 two-bedroom, 4th floor unit in Flagstaff Town featuring 9ft ceilings, views of Mars Hill and the San Francisco peaks, and assigned parking in the on-site lot

 

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in DECEMBER 2023

Lowest Priced Flagstaff Home in December 2023

Photo courtesy of Village Land Shoppe

  • The lowest-priced single-family Flagstaff home that sold in December was a $305,000 three-bedroom single-level Railroad Springs home boasting a front deck that spans the width of the home and views of the neighborhood Ponderosa Pine trees. 
  • The lowest-priced Flagstaff townhome sale last month was a $395,000 two-bedroom in Railroad Springs, less than 3 miles from both Downtown Flagstaff and NAU
  • The lowest-priced Flagstaff condominium sold was a $238,000 one-bedroom, cost-efficient middle unit in University Heights.  

 

Flagstaff Home Buyer Advice

As we enter the new year, several market areas are experiencing renewed momentum, coupled with a somewhat drop in mortgage rates. 

Snagging a home in Flagstaff this year is a smart move, thanks to three game-changing factors: mortgage rates, home prices, and wages. With mortgage rates cooling off, home prices expected to climb at a more relaxed pace, and wages on the rise, buying a home in Flagstaff is becoming more budget-friendly. This upbeat trend is great news for potential homebuyers, pointing towards an overall improvement in affordability.

Securing pre-approval stands as a crucial initial stride in the home-buying process. This not only provides clarity on your borrowing capacity but also signals to sellers your genuine intent to acquire their property. Collaborate with a nearby lender to understand how current interest rates align with your objectives. Feel free to reach out to us at 888.446.5602 or via email at kelly.broaddus@exprealty.com, and we'll connect you with reputable lenders who can assist you in exploring your financing options within our local area.

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

Click here to see all Flagstaff homes for sale

Search Northern Arizona Homes For Sale

Home Buying Tips Our home buyer's blog will help you plan and prepare for your successful home purchase and avoid headaches and surprises that may arise during the process.

Sign up for free to receive our updates about coming soon properties and homes for sale not listed on the MLS. I can set up a customized search so you’ll get notified when new listings that meet your criteria hit the market.

 

Flagstaff Home Seller Advice 

2023 witnessed the slowest home sales in Flagstaff in the past decade. Sellers, anticipate a soon-to-come surge in sales momentum as we expect to see lower mortgage rates

As mortgage rates decrease, experts predict that the housing market is expected to experience robust demand in early 2024, once again exerting upward pressure on prices, mirroring the patterns observed in the early months of 2023. Consequently, many markets are anticipated to witness further increases in home prices throughout 2024.

Let's chat about how much equity you've got in your current home and how we can use that to make your next move happen. We're here to help you figure out if it's the right time. Got any questions about buying or selling in Flagstaff, or ready to kick off the process? Just give us a call or shoot an email. Looking forward to hearing from you! Feel free to reach out at 888.446.5602 or drop me a line at kelly.broaddus@exprealty.com. Cheers!

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

 

What is the value of your Flagstaff Home?

 

Home Selling Tips Our blog for Northern Arizona home sellers has tons of tips to help sell your home faster and add thousands of dollars to your bottom line. Check it out

We at the Broaddus Properties Group with eXp Realty know that the only result that ultimately matters is that your home gets sold — and sold for the right amount. Satisfied clients say it all. Check out our 5 Star Reviews. 

 

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January 2024 Flagstaff Luxury Real Estate Market Report

Jan. 23, 2024

6650 Suzette Lane Flagstaff AZ 86001

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

6650 W Suzette Lane Flagstaff, AZ 86001

 SOLD! Discover Peak-View Perfection: Charming Flagstaff Home near Snow Bowl Road with Three-Car Garage and Open Floor Plan
3 Beds | 3 Baths | $895,000

OPEN HOUSE Sunday, Feb 18, 2-5 pm.

Explore this charming home just off Snow Bowl Road, south of Hwy 180. Revel in amazing peak views, a three-car garage, and an open floor plan. The master bedroom offers peak views, a spa-like bath, and a spacious walk-in closet. Two additional bedrooms, a second bath, and a bonus room with views provide ample space. The kitchen features new Corian counters and stainless steel appliances. With just over an acre of land, new flooring, and fresh interior paint, this turn key home is a rare find.

 

Take a Virtual Tour

Photos and more information here: 

www.northernarizonafinehomes.com/property/195709/

Location

6650 West Suzette Lane

Car-Dependent

Learn more about Fort Valley

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

Attractions & Recreation

    • Ski and snowboard at the Arizona Snowbowl to your heart's content. Discover terrain parks, close to Thorpe park, great place for the whole family including the furry ones. There are plenty of activities for the kids, playground area, picnic tables, lots of grass areas, sports fields, a dog park, adequate parking.  
    • If you love running and biking or biking visit Buffalo Park which is about 5 miles from the property. This is also a dog-friendly park and they have an awesome trail.
    • The Museum of Northern Arizona provides a superb experience in anthropology, archeology and they have a lot of information about the local tribes around this part of Arizona. 

Dining Nearby

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

Schools

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

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

 

 

Fort Valley Area Neighborhood Information 

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

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

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

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Jan. 19, 2024

1445 W Melissa Dr, Flagstaff, AZ 86005

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

1445 W Melissa Drive Flagstaff, AZ 86005

SOLD! Discover Your Dream Home in Flagstaff's University Highlands:  A 5-Bedroom Sanctuary of Comfort and Rustic Charm

    5 Beds |   3 Baths | $899,000

OPEN HOUSE Sunday, May 26, 11 am - 2 pm.

 

Welcome to your dream family home in the heart of Flagstaff, Arizona, nestled in the esteemed University Highlands neighborhood. This incredible 5-bedroom, 3-bath, multi-level home is a sanctuary of comfort and functionality, offering a perfect blend of entertaining spaces and private retreats.

 

The main level boasts a harmonious layout with 3 bedrooms and 2 baths, creating an inviting atmosphere for family gatherings. The well-appointed kitchen and great room provide a central hub for daily activities and celebrations. Downstairs, discover an additional living area, 2 bedrooms, a spacious bath, and a versatile office space/den, offering ample space and privacy for every member of the family.

 

Situated on a sprawling 1/3 acre, this home is a haven for outdoor enthusiasts. The yards feature enchanting vegetation, decks, hardscape, and natural landscaping, offering endless possibilities for gardening, entertaining, and relaxation. Revel in the unique charm of this lovingly-tended Flagstaff gem, with a large private backyard that backs up to a green belt.

 

Experience the rustic allure of live edge wood countertops and a log branch railing, adding character and warmth to the interior. Two separate common areas, one on each level, provide distinct spaces for relaxation and recreation, ensuring a harmonious balance for family life.

 

The location is unparalleled, with proximity to town, Fort Tuthill, and the added bonus of being less than a block away from playgrounds and an elementary school. This home has been meticulously cared for, with recent upgrades including interior painting, foundation repairs, new carpeting downstairs, and thoughtful renovations to open up and brighten the living space.

 

Embrace the essence of Flagstaff living in this one-of-a-kind home where comfort, functionality, and rustic charm converge. Your ideal family haven awaits in University Highlands, where every detail has been carefully crafted to make your living experience.

 

Take a Virtual Tour

Photos and more information here:

www.northernarizonafinehomes.com/property/195669

 

LOCATION

1445 West Melissa Drive

Car-Dependent

Learn more about University Highlands in Flagstaff

Head south on South Beaulah Boulevard, turn right onto West University South Drive. Proceed on West University South Drive, then make a left onto Gillenwater. Drive one block, take a left onto West Melissa Drive, and the home will be on your right after approximately half a block. 

Amusement & Recreation 

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

Dining Nearby

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

Nearby Schools

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

University Highlands Neighborhood Information 

University Highlands is a beautiful community rich with evergreen trees and nature all around. Offering an assortment of beautiful styles, varying sizes and affordable prices to choose from. Visit the University Highlands community page for more information.

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

 

Jan. 17, 2024

January 2024 Flagstaff Luxury Real Estate Market Report

 

 

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

DOWNLOAD THE LUXURY REPORT

  • This month’s report displays the market statistics for North America AND Flagstaff month over month as well as the 13-month trend.
  • The best way to sum up the luxury real estate market during 2023 might be that it remained “unapologetically resilient”, despite a slower year in the overall sales volume compared to 2022.
  • Our review analyses predictions against reality, statistical data as well as buyer preferences and demand changes.
  • We investigate why buying luxury homes retained its appeal despite the complexities that affected both buyers and sellers during 2023, and why this was an important factor in the market shift during the last quarter of the year.
  • Discover which predictions proved accurate, were affected by unexpected influences and what new realities emerged.
  • Understand why inventory still played such a key role in the luxury real estate market, and the dichotomy caused between growing inventory and declining new listing levels during 2023.
  • Appreciate the resilience of the luxury real estate market as we review why prices have remained stable, with an overall growth of 3% during 2023.
  • We uncover the biggest changes in consumer demand, and why buyers although frustrated by the lack of inventory are not willing to compromise on their next luxury home purchase.
  • What architectural and interior design trends became prominent during 2023 and why should sellers, looking to put their homes on the market in 2024, take note?
  • We review why cash, move-in-ready, experience-based properties and correctly priced homes were the winners in 2023.

As always it is important to understand that the art of selling and buying should always include an analytical approach to truly appreciate the realities within your local market, as they may differ from the viewpoint at the national level.

Take a look at our latest local City Report:

 

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.

What is the value of your Flagstaff Home?

 

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.

 

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Real Estate Market Forecast: Opportunities for Home Buyers and Sellers in 2024

 

Jan. 15, 2024

2024 Real Estate Forecast: Predictions and Practical Tips


If you're considering buying or selling, now is the time to be proactive.

If you're in the market to buy or sell a home, it's crucial to stay informed about the current trends and options available. Today, we're sitting down with Tiffany from Cross Country Mortgage, one of our preferred lenders, to discuss what you can expect in the upcoming year and explore some key considerations for both buyers and sellers.

Feel free to watch the full message above or use these timestamps that will direct you to various points in the video.

 

0:00 — Introducing today’s topic

 

0:40 — Current mortgage rates and trends

 

2:30 — Realities of the housing market

 

3:10 — The Federal Reserve's role

 

6:00 — Buying down interest rates

 

6:45 — Wrapping up

 

If you have any questions, don’t hesitate to reach out to us by phone or email. We look forward to hearing from you!

Jan. 5, 2024

Real Estate Market Forecast: Opportunities for Home Buyers and Sellers in 2024

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

A growing share of home buyers and sellers sat on the sidelines last year as the pace of home sales continued its downward trajectory.1 In fact, since the Federal Reserve began its series of interest rate hikes in 2022, the combination of higher borrowing costs and record-high home prices has fostered the steepest real estate market slowdown since the 2008 recession.2

Priced out of the market, a generation of would-be buyers has been forced to delay their plans for homeownership.3  At the same time, current owners—reluctant to give up their pandemic-era mortgage rates—are waiting to sell, which has resulted in a sharp drop in listings.4

But there may be some relief in sight: In December, the Fed signaled that it was done raising interest rates—and suggested that it could cut rates by 0.75% over the coming year. While mortgages don’t directly follow the federal funds rate, they typically move in tandem—so cheaper home loans may finally be on the horizon.5

Lower mortgage rates should bring some much-needed movement back into the real estate sector. But with a market this fluid, the home buyers and sellers with an edge will be those who proactively leverage a real estate agent’s on-the-ground expertise and stay flexible so that they can quickly adapt to changes.

What does that mean for you? Read on to learn more about the current state of the U.S. housing market, the potential opportunities for buyers and sellers, and economists’ predictions for the year ahead.

 

HOME PRICES WILL REMAIN RELATIVELY STABLE

Not even 8% mortgage rates could bring home prices crashing down in 2023, as some prospective home buyers may have hoped. In fact, on average, U.S. property values ended the year higher—with declines in some areas of the country offset by appreciation in others.6

Prices typically fall when rising interest rates drive down demand. So what’s keeping home values high?

Mike Simonsen at Altos Research points to a nationwide housing shortage: “Declining home prices probably require that supply-and-demand imbalance, and what we have is really a balance. There's a balance between low demand and low supply.”7

Analysts expect that equilibrium to continue to prop up home prices in 2024, although the specific forecasts vary. For example, economists at Realtor.com predict that the median home price will fall slightly, by 1.7%, while those at Fannie Mae project modest price growth of 2.8%.6,8

However, experts widely agree: Mortgage rates will be the largest driver of property values. If rates fall faster than expected, more buyers will enter the market—which could send home prices soaring higher.

What does it mean for you?  There’s no evidence that home prices are headed for a major decline. So if you’re ready and able to afford a home, this is a great time to test the waters. The best bargains are often found in a slower market, like the one we’re experiencing right now. Contact us to discuss your goals and budget. We can help you make an informed decision about the right time to buy.

And if you’ve been waiting to sell your home, this could be your year. Price growth has slowed, so now is the time to maximize your equity gains while minimizing your competition. Contact us for recommendations and to find out what your home could sell for in today’s market.

MORTGAGE RATES SHOULD FINALLY TREND DOWN

The best news we've got incoming for 2024? The extra-high mortgage rates that have weighed heavily on the real estate market may finally be headed south.

At its December meeting, the Fed signaled that the worst is likely behind us and that it expects to cut its overnight rate in 2024. Analysts predict that mortgage rates will fall in lockstep.5

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” said Freddie Mac’s Chief Economist Sam Khater following the announcement.9

The average 30-year fixed mortgage rate has already declined from an October high of around 8%, and analysts at Fannie Mae, the Mortgage Bankers Association, and Realtor.com all forecast that rates will trend down this year, ending 2024 closer to 6%.7

However, it’s not all good news: It appears that the days of 3% mortgage rates are firmly behind us. “As long as the economy continues to motor along, the new normal of higher rates is here to stay,” explains Greg McBride, chief financial analyst for Bankrate.4 So, when it comes to a home loan, borrowers may need to adjust their expectations.

What does it mean for you?  If you're a prospective home buyer, declining mortgage rates could give you the opportunity to lock in a more affordable monthly payment. And if you purchase before the market reheats, you could secure an especially good deal. To find the lowest rate, it pays to compare lenders. Ask us to refer you to a mortgage broker who can help you shop around for the best option.

Sellers also have reason to celebrate buyers' lower interest rates: As the barriers to entry to the housing market decline, they could enjoy more or better offers. Reach out to discuss how we can help you maximize your home’s sales potential.

 

LOWER RATES WILL BRING SOME BUYERS AND SELLERS BACK TO THE MARKET

Over the past couple of years, higher mortgage rates have cooled home buyer demand. They’ve also delayed the plans of many home sellers, who have been reluctant to trade in their current mortgages for loans that are several points higher.

With so many market participants playing the waiting game, the real estate sector has slowed significantly. National Association of Realtors (NAR) Chief Economist Lawrence Yun estimates that the number of existing home sales fell by 18% last year following a 17% decline in 2022.10

However, as financing costs tick down, sales volume is expected to rise. “Lower mortgage rates would help spur home sales activity, which [is] expected to increase in 2024 compared to 2023,” explains Selma Hepp, chief economist at CoreLogic. “Declines in mortgage rates will drive more sellers to trade their existing home and help add much-needed inventory to the market, leading to more transactions.”4

There’s also evidence that the patience of holdout home buyers may be waning, despite higher borrowing costs. A recent survey by Bank of America found that the number who are willing to wait for prices or mortgage rates to decline before making a purchase fell from 85% to 62% in just six months.11

“When it comes down to it, if buying a home is your goal and within your budget, the best time to buy is when you're ready financially and you can find a home that fits your needs,” Matt Vernon, head of consumer lending at Bank of America, advised in a recent release. “Even in the current interest rate environment, there are clear benefits to purchasing a home and beginning to build equity.”11

What does it mean for you?  If you’ve been waiting to buy a home, you might want to consider purchasing before the competition picks up. Pent-up demand could bring a flood of buyers back into the market as mortgage rates decline. Contact us if you’re ready to begin your home search.

If you’re hoping to sell this year, you may also want to act fast. An increase in listings will make it harder for your home to stand out. We can help you chart the best course to maximize your profits, starting with a professional assessment of your home’s current market value. Reach out to schedule a free consultation.

THE HOUSING SUPPLY SHORTAGE WILL PERSIST

Will home buyers who are eager for options have more homes to choose from this year?

Yun thinks so. He believes sellers will soon grow weary of waiting to list. “Pent-up sellers cannot wait any longer. People will begin to say, ‘life goes on,’” the NAR economist speculated at a November conference. “Listings will steadily show up, and new home sales will continue to do well.”10

But not everyone agrees. Economists at Realtor.com forecast that inventory could drop by as much as 14% this year. The decline in existing homes for sale has been compounded by a persistent shortage of new construction, with single-family housing starts falling 10.3% in 2023 and 11.2% in 2022.6

Even so, newly-built homes are playing an increased role in easing the supply crunch, accounting for around one-third of all homes for sale in 2023—which was twice the historical average.12 But new construction alone isn’t expected to fill the inventory gap.

According to First American Financial Corporation’s Chief Economist Mark Fleming, the U.S. currently has a shortfall of around one million homes, and conditions won’t ease until individual owners re-enter the market. “Only when more homeowners decide to sell, and then buy again, will housing supply and the pace of sales return to anything resembling normal.”13

​​What does it mean for you?  Inventory remains tight, but buyers can benefit from the search expertise of a real estate professional. We can tap our extensive network to access off-market and pre-market listings while helping you explore both new construction and existing homes in our area.

While sellers will continue to benefit from the low-inventory environment, they should be prepared to compete against brand-new homes. We can help you prep your property for the market and highlight the features most likely to appeal to today’s buyers.

 

WE'RE HERE TO GUIDE YOU

While national real estate forecasts can give you a “big picture” outlook, real estate is local. And as local market experts, we know what's most likely to impact sales and drive home values in your neighborhood. As a trusted partner in your real estate journey, we'll keep our ears to the ground so that we can guide you through the market's twists and turns.

If you’re considering buying or selling a home in 2024, contact us now to schedule a free consultation. Let’s work together and craft an action plan to meet your real estate goals.

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.

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