We use the latest trends and technology to get your home sold.
“What are you going to do to attract buyers to my home?” This is an excellent question that we get often. There is the way people used to do it, and then there's the way things need to be done today. In the past, people could put a sign in the yard, put their home on the MLS, and then just pray that a buyer would put in an offer. However, things have changed today. So what is critical now to attract buyers to your home? My answer to that is preparation, price, and promotion—preparation of the home, a pricing strategy, and promoting the home.
This is where we use the marketing strategy we designed to attract the biggest number of buyers. They’re everywhere if you know where to look and how to find them. According to the National Association of Realtors, over 95% of buyers start their search online. Therefore, it is very important to have an aggressive marketing strategy that takes into account online, social media, and traditional marketing.
"Preparation, price, and promotion are critical for attracting buyers to your home."
Our marketing plan has scheduled activities such as Facebook marketing, posting on YouTube, marketing on Google search, and much more. Not to mention we have over 16,000 people in our database, and with the push of a button, your home is blasted out to all those people. All of these tools ensure your home gets seen by the most potential buyers currently in the marketplace.
If you are interested in a detailed marketing plan specific to your home, I'd be happy to send it to you. If you have any questions about this topic or real estate in general, call or email me anytime. I am happy to be your resource for all of your real estate needs.
Flagstaff AZ Real Estate Market Data Provided by The Broaddus Properties Group Brokered by eXp / by Joselyn Uy
January 2023 Flagstaff Home Sales Plunge, Prices Fall 2.5%
With mortgage rates hovering around 7% from mid-October through mid-November, January’s extremely low sales volume came as no surprise. Here's our latest update.
Data from the Northern Arizona MLS show that only ninety-eight new homes were on the market last month, 28.5% lower than last year.
"Home sales are bottoming out...with lower-priced regions witnessing modest growth and more expensive regions experiencing declines. Inventory remains low, but buyers are beginning to have better negotiating power. Homes sitting on the market for more than 60 days can be purchased for around 10% less than the original list price," said National Association of Realtors Chief Economist Lawrence Yun.
In January, the Broaddus Properties Group Brokered by eXp listed and sold three Flagstaff and Sedona homes valued at $2.1 Million+. Last year we helped buy and sell five homes in Flagstaff & Sedona worth $4.7 Million+.
FLAGSTAFF MEDIAN HOME PRICE
"The median list-to-sales ratio for this area is 97.9%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property.
The increase in interest rates and decrease in buyer demand impacted home prices. Home price growth dropped for the second month in a row from a year-over-year perspective. Flagstaff's January median sold price dropped 2.5% year over year to $672,000 from last year's high of$689,000.
Homes are taking longer to sell. In January homes spent a median of 80 days on the market, which is 28 days longer than last year and 11 days longer than last month.
Total Home Sales - 49 homes, down55.5% vs January 2022.
Median Sale Price - $672,000, down 2.5% vs January 2022
Mortgage rates - At the beginning of the month, the average 30-year fixed rate mortgage rate was around 6%. Now it's closer to 7% at 6.85 as of February 21
Longest days on market (SF):264 days This six-bedroom 4,035 sqft home sits on 4.37 acres in the Forest Survey neighborhood and boasts stunning views of the San Francisco Peaks
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.
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 Buyer's Market with a 10% Sales Ratio.
Homes sold for a median of 100.00% of list price in January 2023.
The most active price band is $1,300,000-$1,399,999, where the sales ratio is 100%.
The median luxury sales price for single-family homes is $1,244,230.
The median days on market for January 2023 was 103 days, up from 61 in January 2022.
The highest-priced Flagstaff townhome sale was a $688,000three-bedroom townhome with two covered decks located at the end of a cul-de-sac in Pinnacle Pines and backing community open space
The highest-priced Flagstaff condominium sale was a $652,000 lock and leave three-bedroom condominium Flagstaff Ranch
THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in JANUARY 2023
Photo courtesy of Village Land Shoppe
The lowest-priced single-family Flagstaff home that sold in January was a $400,000 charming two-bedroom A frame in Kachina Village
The lowest-priced Flagstaff townhome sale last month was a $299,485 one-bedroom townhouse in Christmas Tree
The lowest-priced Flagstaff condominium sold was a $236,500one-bedroom, ground level unit at the north end of University Meadows (Riordan Ranch) Condos. Close to shopping, restaurants, NAU and downtown Flagstaff.
Flagstaff Home Buyer Advice
While there are predictions that mortgage rates could fall to as low as 5% by the end of the year, rates likely will stabilize between 6% and 6.5% through the spring.
Our Advice:
Get the best rate you can for your situation.
Take steps to improve your credit score and save for a down payment to increase your odds of qualifying for the lowest rate available.
Be sure to compare the rates and fees from multiple lenders to get the best deal
It may be time to contact us. We will refer you to trusted lenders to see if the current rate is more in line with your goal for a monthly housing expense.
New inventory has a month-over-month increase of 11.4%. 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:
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.
The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy. The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.
If you want to take advantage of this sweet spot, spring could be your shot. The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, let’s connect today.
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 since 2020 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.
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.
This month’s report displays the market statistics for North America AND Flagstaff month over month as well as the 13-month trend.
In this month’s report we review why understanding real estate cycles are important for buyers and sellers especially as we transition from a market set for a correction, and what this truly means.
We discover why the predictability of real estate cycles can help understand cyclical trends, while appreciating that there will always be variables that will impact the speed of change and strength of each cycle.
We research why 2023 is expected to return to a more normalized market with short- term cycles seeing typical ebbs and flows with respect to buying and selling trends.
How, even though we have moved in the long-term cycle from a Peak Phase to a Recession Phase, the expectations for 2023 are not likely to see a ‘crash’ but instead a ‘correction’ in the level of sales activity and pricing.
We discover the exceptions in this Recession Phase that are preventing a downturn in the market and the factors that could influence opportunities in the current market.
We reveal the contradictions in today’s market that are manifest in local markets experiencing very different results with respect to demand and price.
Equally, we understand how differing demographic demand for location, property type and pricing are expected to impact both choice and decisions in 2023.
Finally, we explore what we can expect, all present conditions remaining constant, in 2023 with respect to pricing, inventory, sales and why ‘value for money’ will become an important part of the decision-making process again.
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.
These 10 tips will improve your showings and help your selling process.
Today I’m continuing my series on selling a home by going over my 10 tips for a successful home showing:
1. Clean your home thoroughly. Have the carpets professionally cleaned, mop and vacuum the hardwood floors, clean the grout if there’s tile, clean the windows, polish the appliances, and make sure your bathrooms are very clean. This can be done by a good housekeeper.
2. Depersonalize and declutter. If possible, rent a storage area to put some of your items, or you can use your garage as long as you store things neatly. Also, remove family photos and other knickknack items.
3. Rearrange the furniture as needed. Remove furniture to make the rooms bigger and put pieces in any empty rooms. Make sure the pieces that you keep in rooms are helping the situation.
"Think about which items are truly helping the home."
4. Work on your curb appeal. Don't forget that the outside of your home will make or break the first impression for the buyer. Tasks for this change depending on the season, but some common tasks would be planting flowers, mowing the lawn, and pulling weeds.
5. Keep the storage spaces tidy. For example, when buyers open your pantry, they shouldn’t see one that’s full and messy. The closets, pantry, and garage should be tidy and look inviting.
6. Highlight the best features of your home. Identify the most attractive things about your home and beautify them. For example, if you have beautiful hardwood floors, make sure your rugs aren’t covering them. Also, don’t hide your stainless steel appliances with magnets and towels.
7. Secure your belongings. I've never heard of anything happening, but it's always safe to keep personal things like important paperwork and jewelry secure during showings.
8. Have a plan for pets and kids. Know where your kids and pets can go when there's a showing. You want the buyers’ experience to be great, so when there's a dog barking in the garage, their first impression will not be pleasant.
9. Set the thermostat to a comfortable temperature. If tours are happening while you're at work and you usually turn the heat off, make sure to leave it on so that buyers will be comfortable when they're touring your home. Then in the summertime, make sure the air conditioner is on and it's comfortable in your home.
10. Create an inviting atmosphere. Do things like play music, leave the lights on, keep the blinds open, and leave some refreshments out. Also, throw the trash away when they leave.
Those are my tips and tricks for when your home is being shown. If you have any questions, feel free to call or email me! I'm happy to help anytime.
Active Contingency Removal. Looking for a Flagstaff residence that offers a seamless blend of character and modern comfort in an unbeatable location? This custom-built, Boulder Pointe gem -- protected by a new roof with hail-resistant shingles and a new Vivint security system -- has three features not often found in this price range: a triple garage, central air conditioning, and a recirculating hot water system.
The interior of the residence is adorned by contemporary, new luxury vinyl plank flooring and transitional window shades -- in every room. All the interior lighting is LED. The vaulted ceilings in the entry, living room, dining room, kitchen, and primary bedroom and bath evoke a sense of openness. The living room also has two skylights and offers the warm ambiance of a fireplace with gas log set (on a timer). The dining room is ideal for formal as well as casual meals.
The eat-in kitchen has angled walls, chic granite counters, handsome cabinetry, a closet pantry, stainless appliances, and a garden window. The primary bedroom is large, and the primary bathroom – separated from the bedroom by a gorgeous custom barn door -- has an 8-foot-long double vanity, jetted tub, steam shower, toilet room, and large walk-in closet. The three secondary bedrooms are good sized, and in one of the two secondary bathrooms, a double vanity and the toilet and tub/shower are in separate rooms. Finally, the laundry room has a window, utility sink, plenty of cabinetry, and a wall-mounted, collapsible folding table.
The exterior of the residence boasts a newer paint job, numerous mature trees, artificial turf, and landscape gravel for ease of maintenance, an 8x12 wooden shed, and a removable, covered kennel to protect your dog while doing its business in inclement weather.
This one won’t last long. Come for a tour before it’s gone! Boulder Pointe is one of the premier neighborhoods in Flagstaff, perfect for whatever your needs may be!
Take S Beaver St and W Butler Ave to Historic Rte 66 3 min (0.5 mi), Follow Historic Rte 66/Rte 66 to S Thompson St 3 min (1.3 mi), Continue on S Thompson St. Take W University Ave to W Soft Wind Ln. Home is on the corner.
Amusement & Recreation
Flag Tag AZexperience their multi-level laser tag arena, classic arcades or their hand at axe throwing. A great place for family to relax and have fun.
Wheeler Park- A great place to stay cool under the trees and enjoy the outdoors with family.
Dining Nearby
If you like fresh light salads with delicate and delicious flavor, Taverna Modern Mediterranean is the place to come! Taverna has been a favorite dining destination since 2019 for delicious Mediterranean inspired foods. Visit Olive Garden Italian Restaurant, they offer great menu choices with many healthy (gluten and vegan ) options. If you are looking for an amazing meal and enjoy Indian cuisine drop by at Delhi Place.
Nearby Schools
Manuel De Miguel Elementary School
Mount Elden Middle School
Flagstaff High School
Boulder Pointe Neighborhood Information
Visit the Boulder Pointe community page for more information about this southwest city Flagstaff community surrounded by nature filled scenery and exceptional mountain views.
Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see other houses and condos for sale in Flagstaff.
Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
Sold! Railroad Springs End Unit Townhome 4 Beds | 3.75 Baths | $522,850
OPEN HOUSE Sunday, 2/19, 11am-3pm
Great opportunity to own an END unit, 4 bedroom, nicely appointed townhome in the superbly convenient location of Railroad Springs. This fantastic townhome offers its new owner some fantastic standard features such as: granite counters, stainless steel appliances, laminate flooring, 6 panel doors, ceiling fans, 2 car attached garage and so much more! Whether you're looking for a primary home, a 2nd home or an investment - this home has it all!
All furnishings are available with a separate bill of sale except for the bed coverings and pillows.
From Route 66 head North on Northwestern and East on Pikes Peak Dr, South on Cripple Creek to Property
Dining Nearby
Just up the street within walking distance: Woody Mountain Sandwich Shop. 1.25 miles away on S Milton Rd: Coppa Cafe,Himalayan Grill,Chick-fil-A and more!
Schools
Eva Marshall Elementary PK-6
Flagstaff High School 9-12
Mount Elden Middle School 6-8
Railroad Springs Neighborhood Information
Railroad Springs is a community of manufactured affordable homes boasting green space, paths, basketball court, central park & additional common space amenities. It is conveniently located- a short drive/bike ride to Historic Downtown Flagstaff, and 2 miles from NAU with a bus stop just down the road from the neighborhood. Visit the Railroad Springs community page to know more about this Flagstaff neighborhood.
Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see other houses for sale in Flagstaff.
Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
Over the past few years, many of us have spent extra time at home—and that means we appreciate the personal design touches that make a house cozy and comfortable more than ever. Some of us have adapted our dwellings in new ways, from creating functional home offices to upgrading the appliances we use most.
But while it’s important to make your home your own, it’s also smart to think about the long-term impact your renovations could have on their value. Choosing highly personalized fixtures and finishes can make it harder for future homebuyers to envision themselves in the space. Even if you don’t plan to sell your home soon, investing in popular design choices that are likely to stand the test of time will make things easier down the road.
And if you’re in the market for a new home, it’s wise to keep an eye out for features that might need to be updated soon so you can factor renovation costs into your budget.
We’ve rounded up six trends that we think will influence interior design in 2023, as well as ideas for how you might incorporate them in your Northern Arizona home. Remember, before taking action, it’s always wise to consult with a real estate professional to understand how specific updates and upgrades will affect your property’s value in your local market.
Separate Kitchen, Dining and Living Areas
For years, home design has been dominated by open-concept floor plans, particularly for kitchen, dining, and living areas. However, as the pandemic forced families to work and study from home, many struggled to find the privacy and separation they needed. As a result, designers report that more families are choosing to bring back kitchen and dining room walls to break up the space and create quieter areas.1
That doesn’t mean that we’re returning to an era of dark and cramped spaces, however. Even as walls make a return, it’s important to take care to retain a sense of flow and openness within the home and to prioritize natural light.
If you’re buying or building a new home, consider how you will use the space and whether or not an open floor plan will suit your needs. If you already live in a home with an open floor plan and it isn’t working for you, try rearranging furniture and strategically placing pieces like bookshelves, room dividers, or rugs to create distinct areas within the home and reduce noise.
In the past few years, we’ve seen the “biophilia” trend explode, and there are no signs that it will be any less popular in 2023.2 This trend is all about bringing the outside in by adding natural touches throughout your home.
This year, design experts predict that natural, sustainable materials like bamboo, cork, and live-edge wood will lend character without being overwhelming. Wooden kitchen cabinets and islands will become more common in 2023, with white oak and walnut among the most popular choices.3,4 Wood will also appear in bathroom vanities and shelving and furniture throughout the home.
Colors inspired by nature (think mossy greens and desert tones) will also play into this trend and will blend seamlessly with wood tones. We’re also seeing a return to natural stone countertop materials like quartzite, marble, dark leathered granite, and soapstone.4,5
If you’re planning to add new shelving or redo your kitchen, consider turning to these materials to embrace the biophilic look. Or, incorporate elements of the trend by choosing nature-inspired paint colors and adding to your houseplant collection.
Spending more time at home has shown us the importance of having the right lighting for specific tasks and times of the day. As a result, many homeowners are reconsidering the ways they light their homes and using light fixtures to change the usability and mood of their spaces.5
In particular, homeowners are rejecting bright, flat overhead lighting and replacing it with lamps and task-specific options. A layered approach to lighting—such as using a combination of under-cabinet, task, and ambient lighting in a kitchen—enables homeowners to tweak the level of light they’re using based on the time of day and what they are doing.
In 2023, we expect to see more statement chandeliers, pendants, and wall sconces in a variety of shapes and materials.6 Thinking about switching up the lighting in your home? Start by adding floor or table lamps and swapping out fixtures before you invest in rewiring your space. Take note of what works and what doesn’t and watch how the light in your home changes throughout the day. You can then use that information to make lighting decisions that require a bigger investment.
After the long dominance of whites and grays, more vibrant colors are coming back as a way to add character and dimension to homes.
This year, warm and earthy neutrals, jewel tones, and shades of red and pink are particularly popular.7,8 If your style tends toward the subtle, consider options like light, calming greens, blues, and pastels.
Major paint brands have responded to these homeowner preferences with their newest releases. Benjamin Moore’s 2023 color of the year, Raspberry Blush, is a lively shade of pinkish coral, while Sherwin William is embracing warm neutrals with Redend Point, a blushing beige.9,10 Behr’s choice of the year, Blank Canvas, is a creamy off-white that's a warmer version of the stark whites that have been trending over the past few years.11
If you’re planning to put your home on the market soon, it’s better to play on the safer side and avoid extremely bold or bright color choices when it comes to paint or fixed finishes like tile and countertops. Instead, try incorporating pops of color through throw pillows, art, and accessories.
Goodbye, sharp corners. In 2023, arches and curves lend a sleek feel that draws on classical design and retro trends while remaining modern.5,8 Rounded corners feel more relaxed and natural than sharp edges, lending more of a sense of flow and comfort to a home.
If you want to incorporate the trend into your new build or remodeling plans, curved kitchen islands and bars and arched alcoves are all good options—or you can take it a step further with arched windows and doorways. You can also carry this trend through to your light fixtures by incorporating a bubble chandelier or globe pendants.
It’s easy to embrace this look without renovations, too. Look for a softer feel in furniture, with sofas, chairs, and tables that showcase curved edges. Or, break up your space with an arched folding screen and a circular rug.
Art Deco, the architecture and design style that took hold in the 1920s and ’30s, is enjoying a resurgence.12
As a style, Art Deco is marked by bold geometry, textures, and colors, as well as an emphasis on art. But the 2023 interpretation of this style is likely to be a bit less splashy than its historical roots. Designers predict that instead of incorporating all of the elements of the style, which could feel overwhelming, homeowners will pick bursts of color or bold accessories to bring some whimsy to their space.
Keep an eye out for vintage mirrors, lamps, or vases that bring a touch of Art Deco glam to your home, or embrace bold colors and fabrics like velvet. Choose pillows and throw blankets in bright colors and geometric patterns to nod to the look without diving in all the way.
Are you thinking about remodeling or making significant design changes to your Northern Arizona home? Wondering how those changes might impact your future resale value?
Buyer preferences vary significantly based on your home’s neighborhood and price range. We’re happy to share our insights on the upgrades that will make it easier (or more difficult!) to sell your home. Give us a call at 888.446.560 for 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.
Flagstaff AZ Real Estate Market Data Provided by The Broaddus Properties Group Brokered by eXp / by Joselyn Uy
2022 Had the Slowest December Flagstaff Home Sales in A Decade, Expect Sales to Pick Up Soon
The Flagstaff housing market is on a seasonal decline as buyers and sellers pulled back to focus their time and energy on the holidays. Here's our latest update.
FLAGSTAFF HOME SALES
US Existing-Home Sales Receded 1.5% in December vs November while Greater Flagstaff's housing market dropped 18% according to data provided by the Northern Arizona MLS. This year we saw a whooping 37.1% drop in home sales from December last year, and new listings dropped even further – to 37%, the lowest of the year. With only eighty-eight homes sold, this is the lowest December sales in 10 years.
Home Sales by Type
All property types of residential sales dipped VS the same month in 2021. Demand for homes is lower than last year, as indicated by the year-over-year decrease in closings.
Flagstaff Home Sales per Quarter
There was a total of 1571 sales which is 22% lower than last year. The highest was in 2020 with 2,240 residential housing units sold. The real estate market slowed down throughout 2022 creating more opportunities for homebuyers, in stark reversal of the frenzied seller’s market of the previous year.
"December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year," said National Association of Realtors Chief Economist Lawrence Yun.
In the month of December, the Broaddus Properties Group Brokered by eXp listed and sold four Flagstaff homes valued at over $1.9 Million+. Last year we helped buy and nine homes in Flagstaff worth $5.1 Million+
FLAGSTAFF MEDIAN HOME PRICE
"The median list-to-sales ratio for this area is 99.0%." List to Sales Ratio is the percentage of the list price that the buyer paid for the property.
The increase in interest rates and decrease in buyer demand impacted home prices. Home price growth dropped for the first time from a year-over-year perspective. Flagstaff's December median sold price dropped 5.7% year over year to $650,000 from last year's high of$689,000.
Homes are taking longer to sell. In December, homes spent a median of 69 days on the market, which is 17 days longer than last year but 4 days faster than last month.
Total Home Sales - 88 homes, down37.1% vs December 2021.
Median Sale Price - $650,000, down 5.7% vs December 2021
Mortgage rates - The 30-year fixed-rate mortgage rate averaged 6.15% in the week ending January 19, the lowest level since September. A year ago, rates were 3.56%.
Longest days on market (SF):486 days This is a new construction luxury home with four bedrooms sitting on a beautiful cul de sac lot, BACKING NATIONAL FOREST in Slayton Ranch Estates.
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.
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 21% Sales Ratio.
Homes sold for a median of 100.00% of list price in December 2022.
The most active price band is $3,200,000-$3,499,999, where the sales ratio is 100%.
The median luxury sales price for single-family homes is $1,155,000.
The median days on market for December 2022 was 57 days, up from 55 in December 2021.
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 $3,720,000 six-bedroom luxury custom home in Pine Canyon. Sold off market.
The highest-priced Flagstaff townhome sale was a $725,000four-bedroom townhome on a corner lot in Pinnacle Pines. Kelly Broaddus helped the owners sell this home!
The highest-priced Flagstaff condominium sale was a $439,900 two-bedroom unit in Switzer Mesa, close to NAU and hiking trails.
THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in DECEMBER 2022
Photo courtesy of Realty One Group, Mountain Desert
The lowest-priced single-family Flagstaff home that sold in December was a $350,000 three-bedroom single-level Kachina home
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 $215,000one-bedroom move-in ready unit at University Meadows (Riordan Ranch), located at the edge of NAU and near Riordan State Park
Flagstaff Home Buyer Advice
Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last year’s peak. The recent pullback in mortgage rates is great news – but if you’re ready to buy now, holding out for 3% is a mistake.
Getting pre-approved is an important first step towards buying a home. It lets you know what you can borrow and shows sellers you’re serious about purchasing their home. Work with a local lender to learn how today’s rates impact your goals. Contact us on 888.446.5602 or email kelly.broaddus@exprealty.com. We will refer you to trusted lenders to explore your options in our 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:
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.
If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
Let’s connect to find out how much equity you have in your current home and how you can use it to fuel your next purchase. 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.
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.
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.
This month’s report displays the market statistics for North America month over month as well as the 13-month trend.
In this month’s report we review the luxury real estate market of 2022.
We look at the predictions for 2022 against the reality of what happened during the last year to understand the impacts on the market during the year.
We investigate why inventory levels played such a significant part in the buying narrative of 2022, why new inventory is critical and how the market stalled.
We also examine the outside influences and their impacts on the luxury market.
And why despite the impacts of various negative influences throughout the year the affluent are still eager to invest in luxury properties.
While there are more opportunities for negotiation by buyers as fierce competition became a thing of the past during 2022, we recognize why prices haven’t fallen to the level that some predicted.
We look at why the affluent are taking a longer-term view in their purchasing plans for property, whether it’s a primary residence, second home or investment property.
Finally, we summarize what to expect as we move further into 2023.
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.
For homeowners looking to sell or buy their Flagstaff luxury home in today’s market we recommend working with a realtor who can provide you with critical knowledge about our Northern Arizona market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.
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.
Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
Sold! Flagstaff Country Living at its Finest 4 Beds | 3.5 Bath |$1,500,000
Set on 4.8 lush, wooded acres and bordered on two sides by a national forest, this immaculate Flagstaff residence offers the best in country living! Built in 1997, the impressive 3,750-sq ft custom home showcases handsome exterior features like Pella double-pane windows and natural log siding. An asphalt circular driveway wraps around a colorful flower bed, accentuating the curb appeal. Inside, you’ll be treated to generous space coupled with a host of modern touches including gorgeous 6-panel doors, expansive wooden baseboards, gleaming birch wood flooring, and bespoke light fixtures.
Sure to wow guests is the stunning natural stone, dual-sided gas fireplace with a log mantle in the vaulted ceiling living room. Highlighting oversized windows that overlook the forest and majestic Humphrey's Peak, you may just see deer and elk roaming free. The avid cook can avail of stainless-steel appliances including an apron sink, new cabinets with pull-out shelves plus easy-glide drawers, and a fabulous, sizable island.
A restful sleep awaits in your 4 comfortable bedrooms, all graced with ceiling fans, natural wood blinds, and walk-in closets with custom shelving. Your tubs and showers across the 3.5 baths include glass doors, delivering a spa-like setting in which to pamper yourself. What’s more, a vaulted loft provides a delightful forest view that’s certain to put you at ease.
Interest visitors in a stress-relieving soak inside the 6-person deluxe hot tub. Ideal for summer cookouts, the outdoor kitchen includes a 6-burner BBQ and sink. Other valuable perks include an attached 2-car garage, detached shop, playground, laundry room, shed, and five large decks. This amazing abode enjoys the distinction of being the closest home to the Snowbowl Ski Resort. Come for a tour today!
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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