Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

SOLD! This Unique Investment Opportunity in a Prime Williams Location is Now Available. Grand Canyon Getaway on 2 Acres with 2 Homes

8 Beds | 4 Baths | $1,250,000

Discover a unique investment opportunity with this Grand Canyon Getaway featuring dual houses. Nestled right off Highway 180, this former general store has been meticulously remodeled to offer two distinct houses, each accommodating various guest preferences, whether it's a family retreat, couples escape, or a group adventure.

The property seamlessly blends historic charm with modern comfort, providing a delightful stay for your guests. Its prime location ensures high demand from Grand Canyon explorers year-round, and with an 8% cap rate, this investment opportunity guarantees consistent income, thanks to its unique appeal and sought-after location.

Experience the perfect fusion of history and comfort as the property's past as a general store adds a touch of nostalgia to the guest experience, complemented by modern amenities and tasteful decor. Don't miss this exceptional investment opportunity to capitalize on the allure of the Grand Canyon. 

VIRTUAL TOUR

More pics and info here:

www.northernarizonafinehomes.com/property/195256/

Location

657 Linger Lane

Car-Dependent

Learn more about Williams Rural North

Highway 180 towards the Grand Canyon. Outpost is on right.

Attractions & Recreation

• Circle Pines/KOA Campground - Located just off I-40, go camping among the pines near the Grand Canyon. Swim at the indoor pool, enjoy mini golf, go karting, air hockey, gold panning a park and a lot more
• Grand Canyon Railway- children, and the young at heart, can take a ride on the historic train to the Grand Canyon.
• Grand Canyon Deer Farm, Bearizona Wildlife Park

Dining Nearby

There are plenty of dining options along Historic Route 66, a short commute from this beautiful home. Dine at top rated restaurants in historic downtown Williams: Kicks On Route 66 Bar & Grille, Red Raven Restaurant, Western View Steakhouse & more. Stop for a barbecue and pork sandwiches dinner at the Cowboy Cafe at Grand Canyon KOA 

Schools

Nearby schools

• Williams Elementary/Middle School
• Williams High School
• School District: Williams Unified District

Williams Rural North 

Enjoy endless wildlife, star-filled night skies, and peaceful tranquility in Williams Rural North. Williams Rural North offers a range of housing options including single-family homes on acreage, vacant land (some parcels border State Land), some horse properties and new manufactured homes. Visit the Williams Rural North Area page for more information about this Northern Arizona community. 

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see this unique investment opportunity in Williams, AZ, or other houses for sale in nearby Flagstaff. 

Search for Homes in Williams Arizona

Williams Homes for Sale Below $500,000

Williams Homes for Sale $500,000 - $750,000

Williams Homes for Sale $750,000 - $1M

Williams Homes for Sale $1M & Above

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

(Sold) Gorgeous Peak Views Await from this Undiscovered Find in Smokerise, Close to Everything Flagstaff Has to Offer

  4 Beds | 2 Baths | $629,850

Welcome to 4890 E Indian Dr, Flagstaff - A Hidden Gem! This home is an absolute delight, strategically situated to embrace all the amenities Flagstaff has to offer, with breathtaking views of the majestic San Francisco Peaks. Imagine yourself unwinding on the covered patio during a warm afternoon or savoring your morning coffee on the balcony, soaking in the panoramic mountain vistas.

Entertain friends and family in style around the built-in fire pit in the meticulously landscaped backyard. This residence provides ample space with its 4 bedrooms, 2 bathrooms, and a bonus room that can be tailored to your needs.

Step into the beautifully landscaped backyard, complete with a hot tub and another inviting fire pit, creating a perfect retreat for relaxation and socializing. Don't miss the chance to make this home yours a true gem in a prime Flagstaff location, offering both convenience and a picturesque setting. Your sanctuary awaits.

TAKE A VIRTUAL TOUR

Photos and more information here:

www.northernarizonafinehomes.com/property/195158/

LOCATION

4890 East Indian Drive

Car-Dependent

Learn more about Smokerise Flagstaff

Highway 89A North, turn right on N Smokerise, and Turn left on Mountaineer, home is on the left at the corner of Indian and Mountaineer.  

Attractions & Recreation

• Nearby Smokerise Park is a pocket park of .75 acres located just located about a half mile from the base of Mt. Elden. Enjoy outdoor recreation at the playground and half basketball court. 
• Harkins Theatres Flagstaff 16
• Arizona Snowbowl- Perfect for a local and semi-local activity. They got an awesome scenic chairlift in the fall that's breathtaking, then in the winter some good snowboarding and skiing.
• Slide Rock State Park - Beautiful scenery all over. Water was so cold! You can walk up along the river.
• Walnut Canyon National Monument - Located very close to Flagstaff. The Walnut Canyon National Monument is a wonderful place to see cliff dwellings up close. The history is fascinating, also the sheer numbers of cliff dwellings are astonishing both on the trail and in inaccessible places.

Schools

Nearby Schools

• Leupp Elementary PK-5
• Sinagua Middle School 6-8
• Coconino High School 9-12 

Smokerise Valley Neighborhood Information 

Smokerise is a quiet family-friendly NE Flagstaff neighborhood located past the Flagstaff Mall. Most properties offer views of the peaks, craters, and wildlife during the day and the Milky Way at night. No HOA, which means homes in this are perfect for your vacation rental/ investment property plans.

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

Search for Homes in Flagstaff, Arizona

Flagstaff Homes for Sale Under $400,000

Flagstaff Homes for Sale $400,000 - $500,000

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

Flagstaff Homes for Sale $600,000 - $700,000

Flagstaff Homes for Sale $700,000 and above

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

Flagstaff ​Inventory Grows Sixth Months in a Row, Home Price Stable

The Flagstaff fall market opened with a significant 14.1% increase in inventory this September, however, new listings dipped 21% from August. These trends are expected for the season, and while the higher inventory is beneficial to buyers entering the market, higher interest rates continue to deter some. Here's the most recent update. 

FLAGSTAFF HOME SALES

US Existing-Home Sales Fell 2.0% in September while Greater Flagstaff's housing sales rose 6.2% from the previous month according to data released by the Northern Arizona MLS. One hundred and thirty-eight homes were sold in September, representing a 28.9% decline from the prior year. 

"As has been the case throughout this year, limited inventory and low housing affordability continue to hamper home sales. The Federal Reserve simply cannot keep raising interest rates in light of softening inflation and weakening job gains, " said National Association of Realtors Chief Economist Lawrence Yun.

Last month, the Broaddus Properties Group listed and sold: ten Flagstaff homes valued at over $11.2 million. We represented the sellers for Flagstaff's highest priced single family and townhouse sold in September. Congrats to our home sellers!!! 

FLAGSTAFF MEDIAN HOME PRICE

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

Flagstaff sold median home price climbed 3% vs August this year. If we compare it to the same month last year, it jumped 25.2% from $625,000. 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 59 days, which means homes sold 12 days faster vs the prior year, but slower than the 53 days we saw in August.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

SEPTEMBER 2023 Flagstaff Market Watch Summary

Total Home Sales - 138 homes, down 28.9% vs Sept 22.

Median Sales Price - $782,750 up 25.2% vs Sept 22

Mortgage rates - The weekly average for a 30-year fixed rate mortgage rate is 8.01% as of October 23, up from 7.75 percent last week. That’s the highest level since August 2000, according to Bankrate data.  

Longest days on market (SF): 441 days, this is a 5-bedroom million-dollar Flagstaff home situated on over an acre overlooking the 5th hole of Flagstaff Ranch.

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 Seller's Market with a 24% Sales Ratio.
• Homes sold for a median of 96.15% of list price in September 2023.
• The most active price band is $3,200,000-$3,499,999, where the sales ratio is 300%.
• The median luxury sales price for single-family homes is $1,750,000.
• The median days on market for September 2023 was 67 days, up from 81 in September 2022.

FLAGSTAFF'S PRICIEST HOMES SOLD in SEPTEMBER 2023

• The highest-priced single-family Flagstaff home that sold in September 2023 is a $3,950,000 luxurious brand new four-bedroom luxury home in Pine Canyon nestled on a premium cul-de-sac lot with a protected treed view.
• The highest-priced Flagstaff townhome sale was a $725,000 three-bedroom in the highly sought-after Southside/Brannen area and is just a short walk away from Northern Arizona University (NAU).
• The highest-priced Flagstaff condominium sale was a $458,000 two-bedroom new build, stand-alone condo in Woodshire on Butler

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in SEPTEMBER 2023

Photo courtesy of List With Freedom

• The lowest-priced single-family Flagstaff home that sold in September was a $255,000 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 $319,000 two-bedroom in Christmas Tree Estates neighborhood. It comes with additional loft area and a private fenced in yard.
• The lowest-priced condominium sold was a $270,000 one-bedroom move-in ready lower-level condo in the highly desirable Arbors community, minutes from downtown and NAU.

Flagstaff Home Buyer Advice

Home prices are going up once more, but this time at a more normal pace. 

One reason why home prices are going back up is because there still aren't enough homes for sale for all the people who want to buy them. Even though higher mortgage rates cause buyer demand to moderate, they also cause the supply of available homes to go down. That’s because of the mortgage rate lock-in effect. When rates rise, some homeowners are reluctant to sell and lose their current low mortgage rate just to take on a higher one for their next home.

If you've been putting off buying a home because you were scared the value might fall, hearing that home prices have risen should make you feel better. Buying a home gives you a chance to own something that usually becomes more valuable over time. Ready to buy? We can connect you to our trusted lender professionals. Call us at 888.446.5602 or email kelly.broaddus@exprealty.com.

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

Click here to see all Flagstaff homes for sale

Search Northern Arizona Homes For Sale

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

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

Flagstaff Home Seller Advice 

If you've been putting off selling your home because you're concerned about how shifting home prices will affect its worth, it might be a good idea to work with a real estate agent and list your home. You don't have to wait any longer because recent data shows that housing prices have shifted in your favor.

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

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

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

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

You Might Be Interested In:

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

DOWNLOAD THE LUXURY REPORT

• This month’s report displays the market statistics for North America AND Flagstaff month over month as well as the 13-month trend.
• We review the status of September’s market as this month is usually a good barometer of the direction of the market for the next few months.
• Initial review shows a slower market, but while the key indicators would suggest we are moving towards a buyer’s market, the statistical data still holds that we are in a seller’s market.
• So, why does the current market not feel favorable to either buyers or sellers, in reality?
• We investigate why this market is acting differently from traditional norms, what are the influences both within the market and from outside forces.
• We review which properties are thought to be better investment returns or in greater demand by affluent purchasers.
• And why, over the long term, real estate offers one of the most consistent ways to see a good return. 

It is important to understand that the art of selling and buying should always include an analytical approach to truly appreciate the realities, rather than just listening to the market rhetoric.

NORTHERN AZ LUXURY HOMEOWNER ADVICE

For homeowners looking to sell or buy their luxury home in today’s market we recommend working with a realtor who can provide you with critical knowledge about your local market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.

GET IN TOUCH

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

Look at our latest local City Report:

YOU MIGHT BE INTERESTED IN...

If the thought of investing your money into brick and mortar—or perhaps some stylishly-painted siding—excites you, join the club.

Investing in real estate has long been one of Americans' favorite ways to grow their wealth. In fact, over 70% of single-family rental properties are currently owned by individual investors rather than corporations, according to Census data.¹

Moreover, a decade's worth of Bankrate surveys has found that Americans often prefer real estate for long-term wealth building over other investments. According to Bankrate's latest survey, for example, Americans have historically embraced real estate, in part, because of the strong return on investment it can offer—especially to investors willing to stick with a property over time.² It’s also a popular way to hedge against inflation since both rental income and property values tend to rise in tandem with overall prices.³

Now, as higher interest rates continue to push priced-out homebuyers to the sidelines, a new crop of “mom and pop” investors are eyeing the mushrooming rental market as a potential goldmine.⁴ Interest in buying a home to both live in and rent is also on the rise, especially amongst cash-strapped buyers looking to supplement their mortgage payments.⁵

But how do you know if you’re well-suited to take advantage of these real estate investment opportunities?

Here are three signs that owning a rental property in Northern AZ could be right for you.

1. YOU'RE A FLAGSTAFF/SEDONA/WILLIAMS HOMEBUYER WHO WANTS HELP COVERING THE MORTGAGE

If you're looking for a creative way to buy a home without overspending, “house hacking” could be the answer. Increasingly popular with first-time homebuyers and budget-conscious investors, house hacking simply means buying a home that you intend to live in while renting out a portion of it to one or more tenants.⁵

House hacking also tends to be easier to break into than traditional real estate investing since you don't need as high a credit score or as large a down payment to qualify for a mortgage. In fact, some government-backed mortgage programs will let you buy a primary residence with little to no money down.⁶ Buying a home you don't plan to live in, by contrast, may require you to put down as much as 15% to 25% to qualify for a loan.⁷ 

If you house hack, the money you collect for rent each month can help cover your mortgage and other homeownership expenses. Depending on your setup, you may also be able to save on utility bills by splitting them with your tenant or tacking a portion onto their monthly rent. Another major advantage of house hacking is that it entitles you to certain tax benefits and deductions available only to landlords.⁸

When it's time to start your search, we can help you find a property that's ideal for house hacking, such as a house with a walkout basement, a multifamily unit, or a home with enough outdoor space to build an accessory dwelling unit or garage apartment.

2. YOU'RE A FLAGSTAFF/SEDONA INVESTOR LOOKING FOR STEADY AND RELIABLE INCOME

If you’re not crazy about the idea of a live-in tenant but still desire an additional stream of income, a dedicated long-term rental property could be a better option for you. Besides the monthly proceeds, purchasing a rental home can also add diversity and long-term stability to your investment portfolio and help you build wealth over time.⁹

According to data from the Federal Reserve, real estate owners have historically prospered. In early 2020, for example, the median home was worth almost triple what it was 30 years prior. Then, during the pandemic-era real estate boom, average home prices grew at an especially frenzied clip, climbing by nearly 50%, on average, in just two and a half years.¹⁰

However, the rate of appreciation can be hard to predict, so it’s prudent to invest in a property that also offers positive cash flow, which means the rent you take in exceeds your expenses. This strategy helps to ensure that you’ll put money in your pocket each month, even if the property’s value takes time to grow.

While today’s higher mortgage rates can make it more challenging for landlords to turn a profit, investment opportunities aren’t reserved for cash buyers. In fact, currently, almost 60% of real estate investors take out a loan to finance their purchase, according to Thomas Malone, an economist at the real estate data firm CoreLogic.⁴  He also notes that more small investors are stepping in to meet demand for rental housing, which has grown since many would-be buyers remain priced out of the purchase market.⁴

If you want to explore opportunities for a residential rental property that's good for your wallet and attractive to renters, we can help. Reach out with questions or to schedule a free consultation.

3. YOU'RE AN EXPERIENCED FLAGSTAFF/SEDONA INVESTOR LOOKING TO MAXIMIZE YOUR POTENTIAL RETURNS

Another increasingly popular way to draw income from an investment property is to convert it to a short-term vacation rental. But beware: This strategy can be riskier as some municipalities have tightened rental restrictions and others are suffering from market oversaturation.^11,12

With that said, if you're an experienced investor who can afford to take on some uncertainty, then investing in a short-term rental could make sense for you.

If you find the right property, for example, you could earn significantly more renting it short-term on a platform like Airbnb than if you rented the home to a long-term tenant.¹¹

The key is to keep it occupied as much as possible at a premium nightly rate. To do that, you’ll need some marketing savvy, hospitality skills, and business acumen. Of course, you can always hire a professional property manager, but you’ll need to factor the cost into your budget.

The vacation rental market enjoyed a boom during the pandemic, and some inexperienced investors are finding they bit off more than they can chew. As a result, there's an opportunity to snap up some of these properties, but you'll need some cash on hand and a willingness to learn the business.¹²

We can help you scout opportunities in our local Norther Arizona market or, if you’re interested in investing in another area, we can refer you to an agent there for assistance.

BOTTOMLINE

Investing in real estate can be a great way to build your wealth long-term and earn some extra income. But to make the most of your investment, it pays to be strategic.

Call us at 888.446.5602 or email kelly.broaddus@exprealty.com  for a consultation so we can discuss your goals and budget. We'll help you discover neighborhoods with the best income potential, point out the homes most suited to renting, and help you brainstorm the best investment strategy for you. 

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. PR Newswire - https://www.prnewswire.com/news-releases/census-data-show-individuals-continue-to-own-largest-share-of-single-family-rental-homes-301725024.html
2. Bankrate -
   https://www.bankrate.com/investing/survey-favorite-long-term-investment-2022/
3. Forbes -
   https://www.forbes.com/sites/forbesbusinesscouncil/2022/04/14/why-income-generating-real-estate-is-the-best-hedge-against-inflation/?sh=1081ce921746
4. MarketWatch -
   https://www.msn.com/en-us/money/realestate/another-challenge-for-homebuyers-more-investors-are-snapping-up-homes-and-40-of-them-are-using-cash/ar-AA1foWSB
5. Realtor.com - https://www.realtor.com/advice/buy/on-the-house-house-hacking-your-way-into-your-first-home/
6. NerdWallet -
   https://www.nerdwallet.com/article/mortgages/government-home-loans
7. LendingTree -
   https://www.lendingtree.com/home/mortgage/down-payment-for-rental-property/
8. Quicken Loans -
   https://www.quickenloans.com/learn/house-hacking
9. Investors Business Daily - https://www.investors.com/etfs-and-funds/personal-finance/rental-properties-investing-experts/
10. St. Louis Fed FRED Economic Data -
    https://fred.stlouisfed.org/series/MSPUS
11. Story by J.P. Morgan - https://story.jpmorgan.com/real-estate-news/thinking-about-investing-in-short-term-rentals-heres-what-to-know
12. Skift -
    https://skift.com/2023/07/21/short-term-rental-saturation-leads-to-a-correction-and-lots-of-home-sales/

Look at our latest local City Report:

YOU MIGHT BE INTERESTED IN...

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

Flagstaff New Listings and Home Price on the Rise 

As the school year kicks off and as the holidays approach, the market cools. It’s what’s expected. Here's the most recent update. 

FLAGSTAFF HOME SALES

US Existing-Home Sales Decreased 0.7% in August while Greater Flagstaff's housing sales rose 1.6% from the previous month according to data released by the Northern Arizona MLS. One hundred and thirty homes were sold in August, representing a 21.7% decline from the prior year. 

"Home sales have been stable for several months ... Mortgage rate changes will have a big impact over the short run, while job gains will have a steady, positive impact over the long run, " said National Association of Realtors Chief Economist Lawrence Yun.

In August, the Broaddus Properties Group listed and sold: seven Flagstaff, Munds Park & Williams homes valued at over $4.9 million.  

FLAGSTAFF MEDIAN HOME PRICE

"The median list-to-sales ratio for this area is 99.9%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property. 

Flagstaff sold median home price in August 2023 increased by 9% vs July this year. It jumped 20.6% year on year to $760,000, from $630,000 the previous year. The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less . . . For example, if more lower-priced homes have sold recently, the median sale price would decline (because the “middle” home is now a lower-priced home), even if the value of each individual home is rising.

Homes remained on the market for a median of 53 days, which means homes sold 3 days faster vs the prior year, and slower than the 48 days we saw in July.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

AUGUST 2023 Flagstaff Market Watch Summary

Total Home Sales - 130 homes, down 21.7% vs Aug 22.

Median Sales Price - $760,000, up 20.6% vs Aug 22

Mortgage rates - The weekly average for a 30-year fixed rate mortgage rate is 7.42% as of September 24, up from 7.41 percent last week. That’s the highest level since December 2000, according to Bankrate data.  

Longest days on market (SF): 333 days, this is a 6-bedroom custom home situated on over 2acres Bordering dedicated open space!! Nestled in the Private Desirable Gated Community of A-1 Mountain Ranch

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 Seller's Market with a 26% Sales Ratio.
• Homes sold for a median of 97.69% of list price in Aug 2023.
• The most active price band is $1,400,000-$1,499,999, where the sales ratio is 150%.
• The median luxury sales price for single-family homes is $1,470,000.
• The median days on market for August 2023 was 47 days, up from 50 in July 2022.

FLAGSTAFF'S PRICIEST HOMES SOLD in AUG 2023

Photo courtesy of Best Flagstaff Homes Realty

• The highest-priced single-family Flagstaff home that sold in August 2023 is a $2,575,000 exquisite Tuscan inspired four-bedroom luxury home in Pine Canyon situated on a landscaped lot backing the 5th fairway of the Pine Canyon Golf Course. 
• The highest-priced Flagstaff townhome sale was a $1,775,000 four-bedroom mountain rustic luxury townhome in Pine Canyon with views of the #12 fairway and green of the Pine Canyon Golf Course. 
• The highest-priced Flagstaff condominium sale was a $507,400 move-in ready two bedroom in Switzer Mesa/Ridge

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in AUGUST 2023

Photo courtesy of Flagstaff Top Producers R.E.

• The lowest-priced single-family Flagstaff home that sold in August was a $285,000 four-bedroom residential/commercial property in Sunnyside with a detached garage and workshop
• The lowest-priced Flagstaff townhome sale last month was $442,500 four-bedroom built in 2015. Located in the Railroad Springs community, close to NAU
• The lowest-priced condominium sold was a $358,495 one-bedroom located on the ground level of Building 2 in the Switzer Mesa/Ridge area, minutes from downtown and NAU.

Flagstaff Home Buyer Advice

If you’ve been putting off purchasing your home, now may be the sweet spot to make your move. While you may be tempted to wait for interest rates to drop, if you wait too long, you could be dealing with a surge in home prices.

Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now. 

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

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

Click here to see all Flagstaff homes for sale

Search Northern Arizona Homes For Sale

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

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

Flagstaff Home Seller Advice 

Are you considering selling your home? If that's the case, today's mortgage rates may be making you reconsider. Some homeowners are hesitant to sell their current house and take on a higher mortgage rate on their future purchase. If you're concerned about this, keep in mind that while interest rates are now high, so is home equity.

When you decide to relocate, your equity might make a significant impact. After you sell your home, you can use the equity you've built up to help you purchase your next one. Here's how it's done:

• Be an all-cash buyer: If you've lived in your existing home for a long time, you may have enough equity to buy a new one without taking out a loan.
• Make a larger down payment: Your equity could be applied to your next down payment. It might even be enough to allow you to put down a higher amount, allowing you to borrow less money and making today's rates less of a concern.

Ready to sell? Let’s connect to start the process. Call us at 928.606.6749 or email kelly.broaddus@exprealty.com.

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

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

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

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

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