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

Mortgage Rates Have Dropped, Flagstaff Home Sales Activity Expected to Rise Soon

November typically marks the start of the sluggish season in real estate, and this year is no exception. The drop is typical of the end-of-season slowdown, but it can also be ascribed to the recent rise in interest rates. Rates have recently fallen, which could lead to an increase in home activity. Here's the most recent update. 

FLAGSTAFF HOME SALES

US Existing-Home Sales Expanded 0.8% in November, Ending Five-Month Slide while Greater Flagstaff's housing sales declined 21.1% from the previous month according to data released by the Northern Arizona MLS. Ninety-seven homes were sold in November, representing a 10.2% decline from the prior year. 

"The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November. A marked turn can be expected as mortgage rates have plunged in recent weeks." said National Association of Realtors Chief Economist Lawrence Yun.

Last month, the Broaddus Properties Group listed and sold: four Flagstaff and Cornville homes valued at over $1.9 million. Congrats to our home buyers and sellers!!! 

FLAGSTAFF MEDIAN HOME PRICE

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

The median price of a property sold in Flagstaff increased 11% from October of this year. When compared to the same month last year, it has increased 14.5% from $610,500. 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 stayed on the market for an average of 80 days, which means they sold four days slower than the previous year and nine days slower than the 71 days we observed in October.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

NOVEMBER 2023 Flagstaff Market Watch Summary

Total Home Sales - 97 homes, down 10.2% vs Nov 22

Median Sales Price - $699,000, up 14.5% vs Nov 22

Mortgage rates - The weekly average for a 30-year fixed rate mortgage rate is 7.21% as of this week, down from 7.23 percent last week. This is according to Bankrate’s weekly national survey of large lenders.

Longest days on market (SF): 730 days, this is a one-bedroom condo at The Views at Butler, a 5-story condo neighborhood on the intersection of Butler and Beaver in the center of 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.

• The Flagstaff single-family luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 97.24% of list price in November 2023.
• The most active price band is $1,000,000-$1,099,999, where the sales ratio is 50%.
• The median luxury sales price for single-family homes is $1,300,000.
• The median days on market for November 2023 was 90 days, down from 122 in November 2022.

FLAGSTAFF'S PRICIEST HOMES SOLD in NOVEMBER 2023

Photo courtesy of Symmetry Realty Brokerage

• The highest-priced single-family Flagstaff home that sold in November 2023 is a $4,033,000  four bedroom luxury home located in Pine Canyon that was built in 2016
• The highest-priced Flagstaff townhome sale was a $1,150,000 three-bedroom lock and leave in Pine Canyon featuring with separate casita (full bath and closet) and overlooking the National Forest
• The highest-priced Flagstaff condominium sale was a $1,480,000 three-bedroom in the highly sought-after Pine Canyon. Newly constructed in 2023, this condominium is the perfect mountain get-away.

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in NOVEBER 2023

Photo courtesy of Flagstaff Mountain Realty

• The lowest-priced single-family Flagstaff home that sold in November was a $269,000 two-bedroom "handyman special" in the Sunnyside area
• The lowest-priced Flagstaff townhome sale last month was $459,900 three-bedroom from the Boulder Pointe  neighborhood with high vaulted ceilings and cozy fireplace. Our team represented the buyers on this sale!
• The lowest-priced condominium sold was a $250,000 one-bedroom condo in University Heights close to NAU, CCC, restaurants and stores with the Urban Trails are right out your front door.

Flagstaff Home Buyer Advice

Maybe you are waiting for mortgage rates to go down some more. 

"If you're thinking about buying a house, you should do it now rather than waiting until the spring. The reason is that a lot of other people are also thinking about buying a house, and if you wait, you might find yourself competing with a lot of other buyers. Also, sellers are feeling uneasy about the market right now, and they might be more willing to negotiate a lower price or pay some of your closing costs. So, if you're serious about buying a house, I encourage you to do it now, " said Kelly Broaddus, Associate Broker of Broaddus Properties Group with eXp Realty. 

Let's discuss if you're considering buying a property and want to learn more about the potential benefits. Call us at 888.446.5602 or email kelly.broaddus@exprealty.com. We can connect you to our trusted lender professionals. 

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

Has your house been on the market for a while and has yet to sell? If so, you should be aware that this is quite unusual, especially at this time. This is because the supply of available properties for sale remains significantly lower than in a regular year. Buyers will have fewer options as a result, so your home should be an oasis in an inventory desert.

So, if homebuyers have few options and your house has yet to sell, there's a reason. Let's dissect one potential stumbling block that could be deterring buyers: your asking price.

Buyers are becoming more price sensitive, especially with today's rising mortgage rates already putting a strain on their budget. According to a recent Wall Street Journal (WSJ) article:

“If you are serious about selling your home now, don’t get greedy with the asking price. This is still a seller’s home market as there simply aren’t enough affordable homes for sale in many parts of the country. But with average 30-year mortgage rates above 6%, buyers are much more price-sensitive than they were a year ago.”

Why is it important to set the right price?

While you want to maximize your return on investment when selling your home, you must also be practical in light of current market conditions. The basic truth is that your house will only sell for the price that buyers are prepared to pay right now.

Accepting this can be difficult. Particularly since emotions might run high during the selling process, further complicating issues. After all, you may have lived in this property for years and are emotionally attached to it, which might make it difficult to be impartial. 

However, it is crucial to recognize that a higher-than-expected price tag deters purchasers and may cause them to discard your home as a possibility before even visiting it. And how will it sell if no one is looking at it?

If you want to sell your house, you'll need to do something to rekindle interest in it. That's where a local real estate agent comes in. They'll utilize statistics to see if it's priced too high for your local market. They consider the worth of properties in your community, current market trends and buyer demand, the condition of your property, and other factors to determine the best price for your home, allowing you to close this chapter and begin the next.

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. 

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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.
• As we move firmly into the last month of 2023, it seems the glimmer of change first seen in October’s data grew a little brighter during November.
• We review various key data parameters such as the sold property numbers, new inventory entering the market, sold prices and the sold-price-to-list-price ratios to understand their significance.
• And we investigate why new inventory is playing such an important role in today’s market.
• While sales have not increase month-over-month, and nor would we expect them to at this time of year, we appreciate why it is the comparison of data in the same months of 2022 that shows the optimistic change of the current market.
• Understand what economists predict with respect to mortgage rates during 2024 and how they could help the market rebound or cause problems if they drop too fast!
• We investigate why consumer sentiment is equally important and how it too could affect how the market performs in the new year.
• The big question of whether it is a good time to buy now, or wait until more inventory becomes available, is also explored.

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.

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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Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

It's the most wonderful time of the year. But for many families with festive plans and hectic schedules, it's also the most wasteful.

According to one survey, for example, 60% of respondents admitted to throwing away more than usual during the holiday months as they filled up their trash bins with uneaten food, wrapping paper, gift bags, and commercial packaging.¹

The reality is, Americans routinely toss about 25% more trash between Thanksgiving and New Year’s than at any other time of year, according to the U.S. Environmental Protection Agency.² In fact, we throw away so much ribbon during the holidays—around 38,000 miles’ worth—that the discarded material could easily run more than one and a half times around the Earth.³

As our holiday schedules grow busier, many of us also forget to take simple steps at home to shrink our carbon footprints or prepare for a more energy-efficient winter.

Luckily, it’s not that hard to shift our habits and plan for a more sustainable and environmentally-friendly celebration. Here are five ideas for ringing in the holidays this year without overstressing Mother Nature.

1. PREP YOUR HOME FOR WINTER

Depending on the amount of time and resources you have available, you could cut your carbon emissions significantly this season just by winterizing your home.

Investing in a more sustainable way to warm up your surroundings—such as a geothermal heat pump or solar heating—could be especially impactful if your current HVAC is underperforming and you can afford a more expensive system.⁴ Replacing old appliances or things like chronically leaking windows with newer, more energy-efficient solutions can also save you money over the long term.⁵ Plus, you may be able to claim a federal energy-efficient tax credit for up to 30% of your investment.⁶

You don't necessarily have to spend a lot upfront, though, to prep your home for winter. Even simple tweaks—such as sealing windows and doors or upgrading to more energy-efficient window coverings—can lower your energy consumption and reduce your carbon footprint.⁷

Incorporating environmentally healthier habits into your routine can also make a meaningful difference. According to the U.S. Department of Energy, for example, dialing back your thermostat by as little as seven to 10 degrees for eight hours a day can trim up to 10% from your bills.⁸

Consider a home energy assessment to help you pinpoint what needs fixing. Depending on your comfort level, you can audit your home's energy efficiency yourself with the help of the Department of Energy's DIY Guide.⁹ Or you can hire a professional, such as a home energy auditor or weatherization contractor.¹⁰ Call us for a recommendation or personal referral.

2. DECORATE SUSTAINABLY

Decking your home's halls is one of the most jolly seasonal activities of all. There's something special about gathering 'round with friends and family and relaxing in the comforting glow of a festively decorated space.

But since so much of the holiday-themed decor that's sold in stores is notoriously disposable, it can be a challenge to spruce up your home sustainably. Cheaply produced and rarely recyclable, store-bought decorations are often made with plastic, styrofoam, and other environmentally unfriendly materials that can crowd landfills for generations.²

Luckily, you don't have to trade style for sustainability when making your holiday decor. Thrifting is still in vogue, so consider crafting new and on-trend decorations out of secondhand finds or upcycling items already in your closet.

For example, you could transform an ill-fitting sweater into a holiday-themed pillow, turn teacups into candles, or turn leftover shipping boxes into creative decorations. Alternatively, natural decor foraged from your yard—such as dried leaves, flowers, pine cones, and branches—can make for especially beautiful wreaths and centerpieces.

If you do purchase store-bought decor, proactively look for the most environmentally friendly options. LED lights are now ubiquitous in stores and use far less energy than incandescent versions.¹¹ Similarly, if you celebrate with a Christmas tree, think twice about choosing an artificial option. Plastic trees may be reusable, but natural trees are generally thought to have a smaller carbon footprint.¹

3. CUT BACK ON HOLIDAY SHOPPING

Shopping online or at the mall may be convenient, but it can be costly for the environment. The greenhouse emissions from shipping and transportation alone add up fast, as do the emissions that are produced when an item is first made. According to the online consignment and thrift store, thredUp, 4.5 billion pounds of carbon emissions could be saved if every American bought just one used item instead of new this year.¹²

Splurging on brand-new products also makes it more likely that the gently used but still functional items that you've got at home will wind up in the trash.

Rather than buy new, check vintage stores and consignment shops for unique gifts that you and your recipient can both feel good about. According to research by thredUp, most people are open to receiving gently-used presents, especially if they're socially-conscious members of Gen Z.¹² Alternatively, consider regifting items that you haven't used, upcycling something you own, or try crafting gifts by hand.

Giving away special experiences, such as concert tickets or community memberships, may also be a more eco-friendly option. So is donating to a favorite charity in a gift recipient's name or offering gifts of time, such as promising to help a loved one clean out their garage or fill their freezer with home-cooked meals.

Research shows that gift recipients often value thoughtful gifts with sentimental value, especially if they're homemade or nostalgic or will provide them with a unique experience.¹³

And if you prefer to buy something tangible, look to local businesses that source or manufacture their goods nearby. Craft fairs and community markets are a great place to start. Or, give us a call and we’d be happy to share a list of our favorite local stores, depending on the type of gift and your budget. We make an effort to patronize the independently-owned shops and restaurants around town and would love to share our recommendations.

4. GREEN YOUR HOLIDAY DINNER

Do you hail from a family of passionate carnivores? If so, trading your meat for a vegetarian option may seem like a step too far—especially for a holiday dinner.

But swapping your meat for beans isn't the only way to “'green” your holiday meal. For example, you can consciously source your meat from ethical sellers, prioritize local producers for seasonal sides, and serve enough filling vegetables to satisfy a large portion of your appetite.¹⁴

You can also minimize food waste by planning ahead so that you don't cook more than necessary. Check out the Natural Resources Defense Council's dinner party “Guest-Imator” to help you narrow down how much food you and your guests will actually need.¹⁵ In addition, consider using the USDA's FoodKeeper App to help track safety recalls and set up calendar reminders for expired food.¹⁶

Once you're finished eating, clear the table immediately and either freeze the leftovers you'd like to keep or send guests home with reusable containers. Or, if you have untouched food that's still whole or in unopened packaging, take it to a local food bank or homeless shelter. We’d be happy to share a list of options in our area.

5. DONATE OR RECYCLE WHAT YOU CAN

Once the festivities are over, the real work on behalf of Mother Nature begins. This is the time when taking a few minutes at the end of your holiday celebration to swiftly collect wrapping paper and ribbons, unwanted packaging, and other discarded items can make a real environmental difference by reducing what you send to landfills. Your goal should be to reuse what you can and compost or recycle what's left over.

For example, if you upgrade any electronic gadgets over the holidays, you can conserve resources and limit pollution by donating or properly recycling your old versions. The U.S. Geological Survey estimated that recycling a million laptop computers could help save the energy equivalent of 3,500 homes' annual usage of electricity.¹⁶ Similarly, the EPA says that recycling one million phones can help salvage 35,000 pounds of copper, 772 pounds of silver, 75 pounds of gold, and 33 pounds of palladium.¹⁷

It can also help to reimagine new ways to make old traditions more eco-friendly. For instance, if lighting candles is part of your holiday celebration, consider choosing beeswax candles this year instead of the typical paraffin wax, which is a petroleum derivative. Not only are they cleaner burning and less toxic, but the leftover wax is biodegradable and can be composted, unlike traditional candle wax.¹⁸

There are also plenty of earth-friendly ways to dispose of a natural Christmas tree without kicking it to the curb. Trees that are sent to landfills release a potent greenhouse gas called methane.¹⁹ So, it’s important to properly dispose of a live tree, if you have one, so it can be recycled or composted. If you’re not sure how, reach out for a list of local options.

BOTTOMLINE

We can still celebrate a fun and festive season without draining our community’s resources or sending leftovers to the landfill. And remember, we’re here to lend a helping hand, now or in the new year. This is the perfect time to strategize your next move or set some real estate resolutions with personalized guidance from an expert. Reach out today to schedule a free consultation.

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

Sources:

1. Eco Watch -
   https://www.ecowatch.com/sustainable-decor-winter-holidays.html
2. Architectural Digest - https://www.architecturaldigest.com/story/best-holiday-and-seasonal-decor-for-the-environment
3. The New York Times -
   https://www.nytimes.com/2019/12/18/style/zero-waste-holiday.html
4. Environmental Protection Agency -
   https://www.epa.gov/burnwise/heat-pumps 
5. U.S. Department of Energy - https://www.energy.gov/eere/buildings/articles/appliance-and-equipment-standards-fact-sheet
6. IRS -
   https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit
7. Energy Star -
   https://www.energystar.gov/saveathome/seal_insulate/sealing_window_door
8. U.S. Department of Energy - https://www.energy.gov/energysaver/programmable-thermostats
9. U.S. Department of Energy -
   https://www.energy.gov/energysaver/do-it-yourself-home-energy-assessments
10. Kiplinger - https://www.kiplinger.com/slideshow/real-estate/t029-s001-12-ways-to-prepare-your-home-for-winter/index.html
11. U.S. Department of Energy - https://www.energy.gov/energysaver/articles/reduce-waste-and-save-energy-holiday-season#
12. Thred Up - https://newsroom.thredup.com/news/thredup-releases-thrift-for-the-holidays-report-revealing-that-new-waves-of-consumers-are-planning-to-gift-secondhand-this-year
13. The Conversation - https://theconversation.com/the-4-biggest-gift-giving-mistakes-according-to-a-consumer-psychologist-195169
14. Popular Science -
    https://www.popsci.com/story/diy/sustainable-holiday-strategies/
15. Natural Resources Defense Council -
    https://savethefood.com/guestimator
16. USDA -
    https://www.usda.gov/media/blog/2018/10/04/usda-updates-foodkeeper-app-include-new-food-items
17. U.S. Environmental Protection Agency -
    https://www.epa.gov/recycle/electronics-donation-and-recycling
18. CanICompostIt.com -
    https://canicompostit.com/candle-wax/
19. CNN -
    https://www.cnn.com/2022/11/25/us/real-or-artificial-christmas-tree-climate/index.html

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

Flagstaff Home Prices Stabilize, Inventory Continues Upward Trend in October 2023

We saw our usual seasonal decline in sales this October, and the Flagstaff real estate market is showing promising signs. Inventory continues to rise, while prices are leveling off, creating a more predictable buying, and selling scenario. Here's the most recent update. 

FLAGSTAFF HOME SALES

US Existing-Home Sales Receded 4.1% in October while Greater Flagstaff's housing sales declined 10.9% from the previous month according to data released by the Northern Arizona MLS. One hundred and twenty-three homes were sold in October, representing a 20.6% rise from the prior year. 

"Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation. Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market, " said National Association of Realtors Chief Economist Lawrence Yun.

Last month, the Broaddus Properties Group listed and sold: four Flagstaff homes valued at over $2.2 million. Congrats to our home buyers and sellers!!! 

FLAGSTAFF MEDIAN HOME PRICE

"The median list-to-sales ratio for this area is 98.6%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property. 

Flagstaff sold median home price fell 19.5% vs September this year. If we compare it to the same month last year, it slid 5.78% from $668,000. 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.

Homes remained on the market for a median of 71 days, which means homes sold one day faster vs the prior year, but 12 days slower than the 59 days we saw in September.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

OCTOBER 2023 Flagstaff Market Watch Summary

Total Home Sales - 123 homes, up 20.6% vs Sept 22.

Median Sales Price - $630,000 down 5.7% vs Sept 22

Mortgage rates - The weekly average for a 30-year fixed rate mortgage rate is 7.55% as of this week, down from 7.66 percent last week. This is according to Bankrate’s weekly national survey of large lenders.

Longest days on market (SF): 708 days, this is a 2-bedroom condo at The Views at Butler, a 5-story condo neighborhood on the intersection of Butler and Beaver in the center of 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.

• The Flagstaff single-family luxury market is a Balanced Market with a 16% Sales Ratio.
• Homes sold for a median of 96.17% of list price in October 2023.
• The most active price band is $1,400,000-$1,499,999, where the sales ratio is 50%.
• The median luxury sales price for single-family homes is $1,450,000.
• The median days on market for October 2023 was 93 days, up from 85 in September 2022.

FLAGSTAFF'S PRICIEST HOMES SOLD in OCTOBER 2023

Photo courtesy of RE/MAX Fine Properties - Downtown

• The highest-priced single-family Flagstaff home that sold in October 2023 is a $3,100,000 luxury home located at the end of a cul de sac on six acres in Lockett Ranches, boasting magnificent mountain views.
• The highest-priced Flagstaff townhome sale was a $737,000 three-bedroom in Pinnacle Pines. End unit, lock and leave, turnkey
• The highest-priced Flagstaff condominium sale was a $1,350,000 three-bedroom in the highly sought-after Pine Canyon. Newly constructed in 2022, this main level condominium is the perfect mountain get-away.

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in OCTOBER 2023

Photo courtesy of Realty One Group, Mountain Desert

• The lowest-priced single-family Flagstaff home that sold in October was a $407,000  one-bedroom cabin on 1.02 acres in Hart Prairie. This getaway is less than a mile walk to Snowbowl 
• The lowest-priced Flagstaff townhome sale last month was $450,000 three-bedroom from the Lower Greenlaw neighborhood. It comes with a landscaped yard and a deck with a retractable Sunsetter awning.
• The lowest-priced condominium sold was a $205,000 one-bedroom condo in the highly desirable Arbors community, minutes from downtown and NAU.

Flagstaff Home Buyer Advice

If you want to purchase a house, mortgage rates affect how much you can afford. That is why so many homebuyers want to know what mortgage rates will be like in the future. No one can say for certain, but the anticipation is that in 2024, we’ll see a downward trend. 

Home prices are expected to keep climbing next year, and in the years to come. Whether you already own a primary residence or are still renting, the best time to start thinking about purchasing a home is now.

Owning a home:

• provides you a greater sense of comfort, safety, and security.
• allows you to express yourself freely. You may show your style and personality through everything from the color of the paint to the art on the walls.
• allows you to form long-lasting ties with your neighbors and connects you to your community.

Let's discuss if you're considering buying a property and want to learn more about the potential benefits. Call us at 888.446.5602 or email kelly.broaddus@exprealty.com. We can connect you to our trusted lender professionals. 

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 

Confused about what's going on with housing prices? Despite statistics to the contrary, some people continue to assert that prices are declining. Prices aren’t falling, it’s just that price growth is beginning to normalize. 

You may see headlines saying inventory is up, however data also shows there are still significantly fewer homes for sale than there would usually be in a more normal market.

If you've been putting off selling your home because you're concerned about how shifting home prices will affect its worth or rising inventory, you don't have to wait any longer. 

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. 

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Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Expired! 300 Acres+ Elevated, Off-Grid Paradise with Rock Formations & Views in Winslow
 317.27 Acres | 951,810

Explore a truly unique and versatile canvas on this elevated raw land property, perched a mile high in elevation and historically significant. Nestled within the awe-inspiring Chevelon Canyon and its tributary, this pristine landscape was once in the trust of the Hopi Tribe, adding a layer of cultural depth to its natural beauty. It's worth noting that Geronimo, the renowned Apache warrior, was captured just outside Winslow, a testament to the rich history of this region.

What it's Good For:

This land is a treasure trove of possibilities. The distinctive rock formations create a haven for rock climbers, and the high elevation offers optimal conditions for athletic training. Artists can find endless inspiration in picturesque surroundings, and architects can design innovative homes that blend seamlessly with natural beauty.

Key Attributes:

A natural playground for rock climbing enthusiasts, abundant natural stone resources allow for eco-friendly and rustic home construction, a realm of inspiration for creative minds, optimal conditions for athletes seeking to enhance their performance, the southern boundary adjoins BLM land, ensuring privacy and access for outdoor exploration.

Perfect for Movies and Camping:

Filmmakers will appreciate the stunning backdrop, while campers can immerse themselves in the serene, star-studded skies amid this untouched beauty. Unlock the potential of this elevated raw land in the heart of Arizona's Chevelon Canyon by contacting us today, and begin your journey toward creating your dream retreat, rich in history and cultural significance.

More photos and information here:

www.northernarizonafinehomes.com/property/195364/

See all homes for sale in Winslow

FAQ's Land Specifics

1. What is the size of the 2 separate parcels? 1. 191/3 2. 127 acres APN Parcel Numbers 10819025 & 10819026
2. What is the zoning classification of the land? Residential/ Rural agriculture
3. Is the land in any designated flood zone or does it have any wetlands? NO
4. Are there any easements or encroachments on the property? NO
5. Is the land served by public utilities? NO
6. Are there any restrictions or covenants on the land? NO

Location

Pinto Road

Car-Dependent

Learn more about Winslow

Very rural property. Suggested higher clearance 4x4 and some type of GIS Tracking App, such as OnX Offroad or similar. Contact the listing agent for detailed instructions.

Attractions & Recreation

• Visit Homolovi State Park, fish/canoe/swim/camp/rock climb at Mc Hood Park (also known as Clear Creek Reservoir), Little Desert County Park, First Street Pathway Park
• Old Trails Museum
• Arizona Meteor Crater

Schools

About Winslow

Downtown Winslow is right on “the Mother Road,” and shops cater to Route 66 fans. Flagstaff is less than an hour away for occasional "big-city-shopping". Visit the Winslow, AZ community page for more information about this Northern Arizona community. 

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see this 300 acre off grid haven in Winslow or other parcels/houses for sale in Winslow and Northern Arizona.

Search for Homes in Winslow, Arizona

Winslow Homes for Sale $100,000-$200,000

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

ALL LOTS/LAND FOR SALE IN WINSLOW

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.
• While there is little doubt that the current luxury market is facing challenges, we investigate the slight shift in some of the market’s variables that could be the key to market growth in the future.
• We examine why for the last year the expectations and reactions of buyers and sellers have become entrenched in one of near stalemate.
• Is the biggest contributor of market imbalance ie. lack of inventory, especially new inventory, about to addressed, as numbers in both of these segments increased relative to sales and compared to October 2022.
• For the first time in 2023, monthly sales outnumbered the previous year’s sales in both single-family and attached markets – was this because of increased inventory?
• Additionally, buyers saw fixed mortgage rates fall slightly, sparking an increase in applications as well as speculation that rates may come down during 2024.
• We investigate the significance of these changes, and if they signify the start of a new trend.
• However, while we are optimistic, we also remain cautionary, recognizing that there are unlikely to be any dramatic repercussions, other than the start of moving away from a year of hesitation and resistance

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.

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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Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

Buying a new home is one of the most exciting experiences in life. And if you’re like most Flagstaff homebuyers, you’ll be planning your furniture placement and decor before the ink dries on your offer letter.

But before you run to the nearest home goods store, take a deep breath. First, you’ll need to delay any major purchases before you close on your new home. A large outlay or additional line of credit could lower your credit score and, thus, impact your mortgage terms.¹ Second, moving and closing costs can add up quickly, so it’s important to be strategic with your remaining budget.

But don’t worry! There are plenty of ways to save on home essentials, and we’ve rounded up some of our favorites to share with you.

PRIORITIZE WHAT YOU REALLY NEED BEFORE YOU START SHOPPING

According to Home Advisor, the national average cost to furnish a new house is $16,000, but it can easily soar higher.²  That’s why we recommend starting with a thorough assessment of what you already have and what you actually need to start life in your new place. Here are some steps to help you prioritize your purchases and keep spending in check.

• Make a list of everything you need. Going room by room could help you brainstorm—for example, you might list items ranging from a mattress to blackout curtains for your new primary bedroom.

• Inventory what you already have. Cross the big (dining table) to the small (kitchen knives) off your list as you go.

• Divide the remaining items into three groups: things you need right away (a mattress), items you’d like to have in the near future (a coffee table for your living room), and pieces that can wait (an area rug).

• Calculate your budget. Figure out how much money you’ll have available for immediate purchases after the sale has closed and start researching the items on your priority list to understand how they’ll fit into your budget.

• Don’t rush the process. Bringing older items to your new space doesn’t mean you need to keep them forever. Consider hanging onto pieces that can tide you over for a year or two until your bank account has recovered from the costs of a home purchase.

Before you start shopping, make sure you know which appliances and fixtures are included with your home purchase. We can inform you of the standard contract terms when you’re making an initial offer and note any additional items that you would like to request.

TIME YOUR PURCHASES TO MAKE THE MOST OF SEASONAL SALES

Did you know that some home items predictably go on sale at certain times of the year? If you can wait to buy these pieces when prices are lower, you could save significantly. Here are some of the best times to buy household essentials:^3,4

• Bedding and linens: January
• TVs: Black Friday/Cyber Monday and late January (before the Super Bowl)
• Furniture: February and August, as well as Black Friday, Memorial Day, and Labor Day
• Large appliances: Labor Day through October
• Small kitchen appliances: May
• Mattresses: Holiday weekends, especially Memorial Day, Labor Day, and 4th of July
• Vacuum cleaners: April
• Tools: June
• Outdoor furniture: August through October

Generally speaking, holiday weekends (as well as Black Friday and Cyber Monday) tend to be great times to find deals. If the item you’re looking for is seasonal—like patio furniture or holiday decorations—waiting until the end of that season usually pays off.

FIND ALTERNATIVE SHOPPING SOURCES

Can’t wait for a sale? It’s time to think outside of the box (the big-box stores, that is). There are plenty of surprising places to find great furniture and houseware deals.

• Check out overstock and liquidation stores. These stores purchase items other retailers haven’t sold and offer them at a steep discount. The inventory can be hit or miss, but you can often get a great deal if you find what you’re looking for.⁵

• Try private membership/warehouse stores. Retailers like Costco and Sam’s Club often have great deals on home goods. If you’re not already a member, ask family or friends if they are willing to take you to look around before you commit.

• Consider open-box items.  When buyers return items like furniture or electronics, retailers can’t always sell them as new, even if they haven’t truly been used. Look online for open-box deals from retailers like Wayfair and Amazon Warehouse or visit local retailers to see what they have in stock.

• Give scratch-and-dent appliances a chance. These appliances are brand new but sold at deep discounts because their external packaging was damaged. Typically, this means that flaws are purely cosmetic—but it’s always possible that the merchandise has suffered more serious damage. So, be sure to check out the appliances carefully and ask about included warranties.⁶

• Expand your window treatment search. Window treatments can be surprisingly expensive, but it’s often possible to save by buying off-the-shelf offerings in standard sizes. If you need a custom size or material, consider ordering online from a discount supplier and installing them yourself.

• Shop secondhand. In addition to thrift stores and garage sales, Facebook Marketplace, NextDoor, and Craigslist are all great places to find deals in your area.
   

Are alternative shopping sources still a stretch for your budget? Check out local Freecycle or “Buy Nothing” groups, which are often hosted on Facebook. Participants offer big and small items they no longer need—everything from furniture to clothing hangers—for free to other members.^7,8

DON’T BE AFRAID TO NEGOTIATE FOR A BETTER DEAL

Many people don’t realize that prices for home goods, from furniture to appliances, are often negotiable. While asking for a discount can be intimidating, it’s common practice in many industries, although more so at independently-owned stores than chains. Here are a few tips:^9,10

• Comparison shop before you walk into a store. If you can find a lower price for the same item elsewhere, many retailers will match it.

• Ask the store associate or manager for the best price available. They may be able to offer additional discounts or coupons.

• If you can pay in cash, ask if you can get a discount for doing so. The seller may be happy to offer a small price reduction to avoid paying processor fees.

• Call ahead to ask about applicable discounts. Some retailers offer price reductions for active military, veterans, teachers, first responders, or senior citizens on certain days or times of the year.

• Point out scratches or dings to the sales associate. They may be willing to offer a discount to compensate for the imperfection.

• Ask about floor models. Many stores offer these pieces at a lower price, even if they’re in like-new condition.

After you’ve negotiated a killer deal, don’t forget to ask for free or discounted delivery! Sometimes furniture and appliance stores will offer complimentary delivery or installation if you spend a certain amount or purchase multiple items.

MAKE THE MOST OF REWARD PROGRAMS AND COUPONS

Every penny counts when you’re on a budget—and spending a little extra time maximizing reward programs and discounts is usually worthwhile.

• Sign up for a change of address kit with the United States Postal Service. You’ll need to do anyways to forward mail to your new address, and it comes packed with valuable coupons.¹¹
   
• Make sure you never miss a sale.  Sign up for your favorite retailers’ email lists and follow them on social media for discounts and sale alerts.
   
• Take advantage of loyalty programs. If you’re making a big purchase or getting multiple items from one store, ask about free loyalty programs. Signing up often comes with an introductory coupon.
   
• Consider store credit cards (carefully). Store credit cards can offer significant discounts—but only charge items you can pay off right away to avoid interest, and never open new lines of credit until your home purchase is complete, since it can affect your credit score.
   
• Enroll in coupon and cashback programs. When you’re shopping online, programs like Rakuten and Honey can help you find coupon codes and give you cash back on purchases.

While you’re at it, why not set up a housewarming registry?¹²  You can share the link with family and friends if they ask what you need—and you can also use it to score discounts. Many stores offer a percentage off to help you buy unpurchased items on your registry.

GET CREATIVE

If you want to avoid a cookie-cutter home aesthetic—and save a few bucks—try reimagining your existing furniture and how it could fit into your new space. Here are a few of our favorite strategies.

• Repurpose what you have. Instead of buying a new item to fit a specific purpose, ask yourself if you can use what you have in a different way. For example, repurpose an old dresser as a television stand or use a mismatched dining chair in your home office.

• Upgrade existing items. Sometimes, a new coat of paint or varnish, or simply swapping out drawer pulls and handles, can lend a new lease on life to an old piece of furniture. You can also keep this strategy in mind if you see second-hand items that would be just right if they were a different color or had nicer fixtures.

• Reupholster instead of buying new. If you have a tired-looking sofa or chair that’s still comfortable and stable, think about getting it reupholstered in new fabric instead of replacing it.

• Get handy. Building furniture is certainly not for everyone, but with some basic tools and help from the internet, you may find that simple items like headboards are well within your grasp. You might also be able to repair pieces you already have and avoid shopping altogether.

Do-it-yourself projects can be fun, but they aren’t for everyone. If you’d like some professional help, reach out for a list of our recommended service providers.

WE’RE HERE TO HELP

We know budgeting for a new home can be overwhelming, and we want to make the process easier for you. If you’re considering a home purchase in Northern Arizona, we can advise you on a realistic budget and help you review your options. We can also offer insights on other financial considerations and programs and incentives that can help make homeownership more attainable. Reach out for a free consultation at 888.446.5602 or email kelly.broaddus@exprealty.com.

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. Bankrate -
   https://www.bankrate.com/mortgages/avoid-mortgage-closing-missteps/
2. Furniture Bank -
   https://www.furniturebank.org/how-much-does-it-cost-to-furnish-an-apartment/  
3. US News -
   https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/the-best-time-of-year-to-buy-everything
4. NerdWallet -
   https://www.nerdwallet.com/article/finance/wht-to-buy-every-month
5. Business Insider -
   https://www.businessinsider.com/personal-finance/strategies-to-save-money-on-furniture-for-my-new-home?r=US&IR=T
6. CNET -
   https://www.cnet.com/home/kitchen-and-household/buy-scratch-and-dent-appliances/
7. Real Simple -
   https://www.realsimple.com/home-organizing/green-living/buy-nothing-groups
8. Freecycle -
   https://www.freecycle.org/
9. Consumer Reports -
   https://www.consumerreports.org/cro/magazine/2013/08/how-to-bargain/index.htm
10. Realtor.com -
    https://www.realtor.com/advice/home-improvement/furniture-stores-money-saving-tricks/
11. The Krazy Coupon Lady -
    https://thekrazycouponlady.com/tips/money/usps-moving-coupons
12. Taste of Home -
    https://www.tasteofhome.com/article/housewarming-registry/

YOU MIGHT BE INTERESTED IN...

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

SOLD! Beautiful and Affordable Gem Close to Downtown Flagstaff, with Views, Landscaped Yard and Pond!

3 BR | 2 BA |$635,000

OPEN HOUSE SATURDAY, 01/06 11 am - 2 pm

Welcome to your ideal home! This affordable gem, located near downtown, trails, and schools, offers breathtaking views. The open floor plan upgraded kitchen with solid oak cabinets and Corian countertops, and stainless-steel appliances make entertaining a delight.

The landscaped front and back yards, featuring a pond and mature trees, require minimal maintenance. Enjoy a winter wonderland with a pond cascade of ice. The backyard oasis includes grapevines, a producing blackberry bush, and seasonal perennials. 

Feel secure with an alarm system and appreciate the heated garage and wood burning stove insert.

Convenient storage is provided by a 10x12 Home Depot shed/workshop and a 4x6 metal shed. With its efficient gas furnace, this home is a perfect blend of comfort and affordability. Don't miss the chance to make it yours! Schedule a showing today.

TAKE A VIRTUAL TOUR

MORE PHOTOS & INFO

www.northernarizonafinehomes.com/property/195306/

Location

3201 West Mountain Drive

Car-Dependent

Learn more about Cheshire/Peak View Flagstaff

West on Rt. 66. Right onto Humphreys. Left onto Fort Valley. Left on Fremont.Right on Mountain Dr.

Attractions & Recreation

Museum of Northern Arizona - Great place to learn about our American ancestors. Very educational and fun for the whole family. This is a must stop for arts and culture. 

Flagstaff Extreme Adventure Course - Facility at Fort Tuthill County Park offering treetop suspended obstacle courses for kids & adults.

 Arizona Snowbowl - There is a great variety of trails, plenty of lifts, and incredible views.

Dining Nearby

Are you looking for some good BBQ? Then Hickory’s Smokehouse BBQ  is best the place to go to!  Ideal spot for those who are looking for fast service and good food. Extremely well done BBQ! You can also drop by at Tinderbox Kitchen and enjoy the good food and Flagstaff's authentic vibe. Another great place to enjoy healthy food and nice ambiance is at Nomads Global Lounge a 5 star rated restaurant in Flagstaff. 

Directions:

Cheshire Foothills Neighborhood Information 

Cheshire is a quiet and peaceful community known for its views of the San Francisco Peaks. Its proximity to downtown, amenities, trails and nearby attractions make this area a beautiful place to live and raise a family.

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

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