March 20, 2024

March 2024 Flagstaff Luxury Real Estate Market Report

 

 

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

DOWNLOAD THE LUXURY REPORT

 

  • This month’s report displays the market statistics for North America AND Flagstaff month over month, as well as the 13-month trend.
  • This month we look at the drivers of demand, reviewing the luxury market’s shift in the last four months and its impacts.
  • We understand why there has been an uptick in sales and how it corresponds to the rise of new inventory entering the market.
  • The article investigates the factors that are helping to drive this increased demand: ranging from more competitive mortgage rates to a new demographic called the “HENRYs” (High Earners, Not Yet Rich).
  • Discover, although there is little expectation for location not to stay a primary decision parameter, why it is anticipated that we will see a greater diversity of locations being chosen by the affluent.
  • We address why demand for very specific property types is also expected to dominate the decision process during 2024, with more focus on amenity- and experience-driven properties.
  • We also address why the biggest demands in the luxury real estate market are often characterized by lifestyle, exclusivity, and investment potential. It is also essential to note that demands are highly influenced by regional preferences and market dynamics.

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

 

Take a look at our latest local City Report:

 

NORTHERN AZ LUXURY HOMEOWNER ADVICE

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

What is the value of your Flagstaff Home?

 

GET IN TOUCH

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

 

 

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February 2024 Flagstaff Luxury Real Estate Market Report

 

March 19, 2024

Downsize Your Northern AZ Home, Rightsize Your Life: How to Choose the Ideal Smaller Home

How to Choose the Ideal Smaller Home

 

 

When you've lived somewhere for many years, it can be tough to say goodbye. But if you (or a loved one) currently have a Nortern AZ home that is bigger than necessary or is too high maintenance, it may be time to trade unused square footage for a smaller, more manageable space.

 

Take it from the downsizers who’ve been there: Although living small might require some adjustments, it can also be liberating––especially if you're in a stage of life where past responsibilities have given way to new possibilities and adventures. 

 

In fact, many downsizers report feeling invigorated by the change, according to real estate journalist and author Sheri Koones. “It scares people to think of moving into a smaller space,” said Koones to the Associated Press. “But every single person I interviewed who has made the transition says they are so happy they did.”1

 

The key is to find somewhere you can live well and move around comfortably, without feeling overly restricted. If you like the idea of aging in place or are already in your golden years, you may also want to look for signs that a new home can conveniently age with you.

 

With that in mind, we recommend focusing your search around three key factors: desired lifestyle, optimal design, and long-term accessibility. Read on for specific tips, then call us for a free consultation. We can help you identify the types of homes that are best suited to living large with less.

 

Do you have a loved one whose housing needs have changed?
Share this information to help start a conversation about the benefits of downsizing.

 

 

DESIRED LIFESTYLE

 

The best part of downsizing is the lifestyle you unlock when you trade square footage for convenience. With fewer chores and home maintenance tasks to worry about, you can instead channel your energy into other pursuits.

 

For example, instead of spending your afternoons working in the yard or cleaning, you can catch up on the news, read a bestseller, start a new craft project, or pursue other hobbies. You may even be able to travel or spend more time with friends and family.

 

Research shows that individuals over the age of 65 report more life satisfaction when they have the opportunity to spend time around children, talk with friends, socialize in community centers, volunteer, or engage in hobbies. But that can be hard to do regularly when you've got a home that needs constant attention or you live far from your community.2

 

As you compare potential homes, keep in mind the type of lifestyle you envision. Do you plan to travel? If so, a home with extra security, such as a condominium or gated community, may give you some welcome peace of mind. Or do you plan to have friends and family stay overnight? In that case, you may want to look for a floor plan with flex space or a property that has access to separate guest suites.

 

Alternatively, a senior community that offers catered meals and housekeeping may be a better choice if you or a spouse need extra support.

 

Action item: Grab a pen and take some time to envision what your ideal future might look like. Write down the activities and hobbies you hope to add to your life or continue with going forward, as well as the chores and responsibilities you'd love to drop. We can use those answers to help shape your house hunt.

 

 

OPTIMAL DESIGN

 

Even though your new home will be smaller, that doesn't mean it has to feel cramped. As Koones explains, “The key is to have a home that is efficiently designed, both in terms of energy use and in terms of space.”1

 

Look for features that can help make a space feel bigger, like high ceilings, large windows, and an open layout.

 

Built-in shelving that extends all the way to the ceiling can also make a small room feel more expansive by helping to draw the eye upward. The same goes for highly placed window treatments and striped or mural-style wallpaper, says interior designer, Kati Greene Curtis. “You’ll feel like you’re walking into the scene,” said Curtis to the Washington Post.3

 

Efficient layouts with flexible, multi-purpose rooms and few, if any, hallways work especially well for small-scale living. You can also limit dead space in a home by steering clear of layouts with awkward corners, unusable nooks, and other space-eating design elements.

 

In addition, look for features that support a simpler, lower-maintenance lifestyle, such as easy-care floors, durable countertops, and bare walls with little, if any, crown molding.

 

Don’t write off a home too soon, though, if it feels narrow or congested because of outdated design or poor staging. Cosmetic issues that visually shrink a space are often easy to fix.

 

For example, you can instantly make a room feel bigger just by painting it a lighter shade. Adding mirrors and swapping out heavy curtains for sheer ones can also be effective. Plus, utilizing multipurpose furniture with hidden storage is a great way to maximize space.

 

Action item: Make a note of your must-keep furniture and other items. Then pull out a measuring tape and write down the dimensions. Once it's time to visit homes, we'll have a more accurate sense of what will fit and how much space you’ll need.

 

To get your creative juices flowing, you may also want to flip through some design magazines that specialize in compact living or catalogs that feature space-saving furniture and accessories. If you give us a list of your favorite features, we can use it to pinpoint homes that are a good match.

 

 

LONG-TERM ACCESSIBILITY

 

Buying a home that you can age well in can be a great way to boost your health prospects and happiness. According to the U.S. Department of Housing and Urban Development (HUD), homeowners who age in place instead of in an institutional environment not only save money over time, they also enjoy greater health and emotional benefits.4

 

Aging in place is also popular. According to survey findings from the National Poll on Healthy Aging, the vast majority of adults between the ages of 50 and 80 would prefer to age in their own homes.5

 

But even though many adults want to age in place, only 34% of surveyed adults currently live in a home with the features to make it possible.5

 

If you're already in the second half of your life, then it's smart to prioritize accessibility now, even if you're highly mobile.

 

Choosing an accessible home will improve your odds of staying put for longer. Plus, you never know when you might need an accessible light switch, handrails in the bathroom, or a seat in the shower, says Sheri Koones. “Yes, older people with disabilities need them, but even younger people break a leg skiing, or have situations where they want a barrier-free shower.”1 

 

As you consider your options, try to imagine what your needs might be as you get older and be proactive in identifying potential obstacles, recommends the National Council on Aging (NCOA).6

 

For example, a single-level home or one with wide enough stairs for a stair lift or access to an elevator may be a more practical choice than a home with lots of narrow stairs. Alternatively, a home with at least one ground-level bedroom and bathroom may also work well for you.

 

Consider your needs outside the home, as well: If you frequently visit the doctor, grocery store, or community center, for example, then you may benefit from choosing a property nearby.

 

Action item: Review the checklist below, adapted from the National Institute on Aging’s home safety worksheet, or download the full version from the agency’s website.7 Highlight the items that are most important to you. We can reference these guidelines as we consider potential homes and suggest ways to adapt a property to meet your current or future requirements.

 

 

HOME SAFETY CHECKLIST 7

  • If a walker or wheelchair is needed, can the entrances to the house be modified — perhaps by putting in a ramp to the front door?
  • Are there any tripping hazards at exterior entrances or inside the house?
  • Are the hallways and doorways wide enough to accommodate a wheelchair if needed?
  • Does the home have at least one ground-floor bedroom and bathroom?
  • Are there any staircases, and if so, could they accommodate a stair lift?
  • Is the house well-lit, inside and out, particularly at the top and bottom of stairs?
  • Could handrails be installed on both sides of the staircase?
  • Is there at least one stairway handrail that extends beyond the first and last steps on each flight of stairs?
  • Are outdoor steps sturdy and textured to prevent falls in wet or icy weather?
  • Are there grab bars near toilets and in the tub or shower?
  • Have a shower stool and hand-held shower head been installed to make bathing easier?
  • Is the water heater set at 120° F to avoid scalding tap water?
  • Are there safety knobs and an automatic shut-off switch on the stove?
  • Have smoke and carbon monoxide alarms been installed near the kitchen and in all bedrooms?
  • Are there secure locks on all outside doors and windows?

 

 

BOTTOMLINE

 

You don't have to compromise on comfort to downsize successfully. We can help you strategize your next move and identify the best new home for you in Northern Arizona —whether that's a smaller home for rent or another one to call your own. We take pride in offering a full-service real estate experience and assisting our clients through all stages of the real estate journey. And we’ll go the extra mile to maximize your current home's sales price so that you’re set up for financial security. Email kellybroaddus@exprealty.com or call 928.606.6749

 

 

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. Associated Press (AP) -
    https://apnews.com/article/lifestyle-f094372b46bae82020c174907eb953c0
  2. Healthcare (Basel) -
    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10671417/
  3. Washington Post -
    https://www.washingtonpost.com/home/2023/02/07/make-small-room-appear-larger/
  4. HUD User -
    https://www.huduser.gov/portal/periodicals/em/fall13/highlight2.html
  5. National Poll on Healthy Aging - https://www.healthyagingpoll.org/reports-more/report/older-adults-preparedness-age-place
  6. National Council on Aging (NCOA) - https://www.ncoa.org/adviser/medical-alert-systems/downsizing-for-aging-in-place/
  7. National Institute of Health (NIH)  - https://www.nia.nih.gov/sites/default/files/2023-04/worksheet-home-safety-checklist_1.pdf

 

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February 2024 Flagstaff Luxury Real Estate Market Report

 

Posted in Home BuyingTips
March 12, 2024

5271 E Mount Pleasant Dr, Flagstaff, AZ 86004

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

5271 E Mount Pleasant Dr, Flagstaff, AZ 86004

Sold! Serene Living Amongst Ponderosa Pines: Updated Home with Golf Course Views in Continental Country Club

  3 Beds | 2.5 Baths | $908,000

OPEN HOUSE Sunday, Mar 24, 12 -3 PM

 

Step into Luxury: Your Dream Golf Home Awaits in Flagstaff's Continental Country Club!

 

Calling all discerning luxury home buyers and golf enthusiasts in Northern Arizona! Nestled amidst majestic Ponderosa Pines, this meticulously updated residence offers a perfect blend of elegance and relaxation. Situated along the serene views of hole #4 on Aspen Valley Golf Course, this home promises a lifestyle of tranquility and indulgence.

 

No need to worry about golf ball interference here—just pure enjoyment of the breathtaking vistas and abundant natural light streaming through floor-to-ceiling windows. Recent enhancements including a new roof, water heater, and furnace ensure peace of mind and comfort.

 

Immerse yourself in outdoor bliss on one of the two inviting balconies, perfect for savoring the crisp mountain air and scenic surroundings. With its convenient location and neutral paint palette, this retreat beckons you to make it your own.

 

Don't let this opportunity slip away! Contact us today to schedule your private viewing and make this exceptional home in Continental Country Club yours.

 

3D VIRTUAL TOUR

Photos and more information here:

www.northernarizonafinehomes.com/property/196041/

 

 

LOCATION

5271 East Mount Pleasant Drive

Car-Dependent

Learn more about Continental Country Club Flagstaff 

 

Amusement & Recreation 

      • NAU Art Museum- Includes an exhibit building, research labs, and state of the art collections facilities for more than five million Native American artifacts, natural science specimens, and fine art pieces.
      • Hal Jensen Recreation Center - Is designed for family fun and fitness with a variety of drop-in hours.
      • Thorpe Park Center - 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.  

Dining Nearby

Nearby restaurants include Nomads Global Lounge, if you are looking for an unusual menu with a great range of flavors this is a great place for you. You can also drop by at Tinderbox Kitchen and enjoy the good food and Flagstaff's authentic vibe. Satchmo’s is also a great place for dinner with a group. If you're looking for crafted BBQ and Cajun cooking it's just a small detour from the main road.

Nearby Schools

      • Thomas M Knoles Elementary School
      • Mount Elden Middle School
      • Coconino High School

Continental Country Club Neighborhood Information 

Residents on HOA enjoy access to club house with pools and tennis and all amenities that Continental Country Club has to offer. This is a quiet and friendly area yet close to Flagstaff's downtown. Visit the Continental Country Club community page for more information about this premier Flagstaff community with an 18-hole course nestled at the foot of the San Francisco Peaks. 

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

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March 8, 2024

8175 Caballo Way, Flagstaff, AZ 86004

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

 

8175 Caballo Way Flagstaff, AZ 86004

UNDER CONTRACT! Discover Tranquil Luxury: Stunning 3-Bedroom Home with Panoramic Views in North Peak, San Francisco Peaks, Elden Mountain | 3-Acre Lot, Jacuzzi, RV Hookups, & More!

    3 Beds |   2 Baths | $767,980

OPEN HOUSE Saturday, June 1, 11 am - 2 pm.

 

Embark on a Journey of Serenity: Unveiling a Spectacular Retreat in North Peak with Breathtaking Views of San Francisco Peaks and Mount Elden. This magnificent 3-bedroom, 2-bathroom residence, crafted in 2012, graces a sprawling 3-acre expanse featuring a 3-car garage, AC, and RV hookups, catering to those who crave both opulence and practicality.

 

Step inside and be enchanted by the airy great room, seamlessly connecting the living space to the kitchen and beyond. The open layout not only amplifies the sense of freedom but also facilitates effortless hosting and daily comfort.

 

The kitchen is a culinary haven, boasting granite countertops, stainless steel appliances including a gas stove, and a generously sized walk-in pantry. Superior craftsmanship is evident throughout, from the exquisite kitchen cabinets to the resilient and chic flooring.

 

A highlight of this abode is the awe-inspiring vistas of Mount Elden, visible from the living room and primary suite, bestowing a serene backdrop to savor from within the comforts of home. The sizable primary bedroom offers direct access to a secluded jacuzzi, perfect for indulging while soaking in the stunning scenery. Moreover, the master suite features a roomy walk-in closet and a lavish ensuite bathroom with dual sinks and a tiled shower.

 

The thoughtful bedroom layout ensures privacy and comfort, with the master suite strategically distanced from the secondary bedrooms. Quiet drawers and cabinets, along with the spacious laundry room equipped with a sliding door, enhance the home's convenience and functionality.

 

Outside, the meticulously manicured exterior showcases contemporary architecture, an inviting outdoor covered patio, and a brand-new jacuzzi, creating the perfect ambiance for outdoor relaxation and entertainment. The extensive 3-acre lot provides ample space for horses and pets, allowing you to fully embrace the tranquility of rural living.

 

With its unmatched location, this property harmonizes seclusion with convenience, offering a tranquil retreat within easy reach of urban amenities. Seize the opportunity to immerse yourself in the splendor and luxury of this exceptional home. Schedule your exclusive showing today and prepare to be amazed!

 

TAKE A 3D TOUR

Photos and more information here:

https://www.northernarizonafinehomes.com/property/196037/

 

LOCATION

8175 Caballo Way

Car-Dependent

Learn more about North Peak, Flagstaff

 

Amusement & Recreation 

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

Dining Nearby

Nearby restaurants include Tinderbox Kitchen, this a great place to enjoy the good food and Flagstaff's authentic vibe. Check out the best chocolate croissants made fresh daily at Shift Kitchen and Bar

Nearby Schools

        • Sturgeon Cromer Elementary School
        • Sinagua Middle School
        • Coconino High School

North Peak Neighborhood Information 

Visit the North Peak community page for more information.

Exclusive North Peak Subdivision has paved streets, county maintained roads, and is only minutes from the Flagstaff Mall. There is no formal HOA with dues but there is an architectural review committee. This is a community of mostly custom homes on acreage with access to miles of forestry land perfect for outdoor activities such as hiking, biking, and horseback riding. Some homes have spectacular panoramic views of the San Francisco Peaks, Mount Elden, and Ponderosa Pines. 

 

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-446-5602 to see other houses for sale in Flagstaff.

Search for Luxury Homes in Northern Arizona

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March 1, 2024

1414 E Sundrop Ln, Flagstaff, AZ 86001

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

 

SOLD! Upscale Living in Pine Knoll Village: Meticulously Maintained Luxury Townhome with Treetop Views and Landscaped Oasis!

    2 Beds |   2.5 Baths | $567,000

OPEN HOUSE Saturday -Sunday,  Mar 23-24,  11 am -  2 pm

Experience Luxury Living: Your Dream Home Awaits in Northern AZ's Pine Knoll Village!

 

Get ready to be captivated by this meticulously maintained 2-bed, 2.5-bath townhome nestled in the heart of Flagstaff's prestigious Pine Knoll Village. Built to perfection in 2007, this stunning end unit is a sanctuary of sophistication.

 

Step into pure elegance as you enter the light-filled foyer, where every detail exudes quality and style. With 1481 square feet of lavish living space and a prime corner lot encompassing 2614 square feet, this home offers the epitome of upscale comfort and privacy.

 

Indulge in the breathtaking treetop views that greet you from every window, providing a sense of tranquility and serenity. Take in the majestic peaks from the second master suite, offering a glimpse of nature's beauty at its finest.

 

Entertain in style in the inviting living room, adorned with a striking fireplace and French doors that lead to your own private landscaped oasis. Whether it's a cozy evening by the fire or alfresco dining under the stars, this backyard retreat is perfect for every occasion.

 

The gourmet kitchen is a chef's delight, featuring granite counters, stainless steel appliances, and ample storage space, ensuring both functionality and elegance.

 

Upstairs, two luxurious master suites beckon, each offering an oasis of relaxation and tranquility. With central AC providing year-round comfort, you'll never want to leave the comfort of your own home.

 

Simply put, this is luxury living at its finest. Don't miss your chance to make this exquisite townhome yours. Contact us today to schedule your private viewing and embark on the journey to upscale living in Pine Knoll Village

Upscale Living in Pine Knoll Village: Meticulously Maintained Luxury 2-Bed, 2.5-Bath Townhome with Treetop Views and Landscaped Oasis!

 

3D VIRTUAL TOUR

Photos and more information here:

www.northernarizonafinehomes.com/property/196037/

LOCATION

1414 E Sundrop Ln

Car-Dependent

Learn more about Pine Knoll Flagstaff

Pine Knoll is one of the most walkable neighborhoods in Flagstaff, with a walk score of 21. It is also very bikeable. It is conveniently located with easy access to I-40 and I-17 as well as local business centers in the area. 

 

Amusement & Recreation 

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

Dining Nearby

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

Nearby Schools

        • Lura Kinsey Elementary School
        • Mount Elden Middle School
        • Flagstaff High School

Pine Knoll Neighborhood Information 

Nestled among towering Ponderosa Trees, residents bask in the absolute peace and quiet and enjoy the unobstructed views of San Franciso Peaks from the Pine Knoll, a southwest city neighborhood in Flagstaff

Food/Downtown Restaurants- Quick and easy access to dining and entertainment. There are about 7 restaurants, coffeeshops and bars in the area. Visit the Pine Knoll community page for more information.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-446-5602 to see other houses for sale in Flagstaff.

Search for Luxury Homes in Northern Arizona

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

Flagstaff AZ Homes for Sale Over $1M

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

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

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Feb. 29, 2024

Flagstaff AZ Real Estate Market Update- January 2024

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

January 2023 Flagstaff Market Report

 

Flagstaff Experiences Surge in New Listings, Indicating Approaching Spring Real Estate Momentum

 

Although we usually observe an uptick in new listings at the start of the year, the current year has witnessed a notable surge in new listings, potentially signaling favorable conditions for buyers in the upcoming months. The number of newly listed homes in January was an incredible 80% higher than in December. Here's our latest update. 

 

FLAGSTAFF HOME SALES

 

US Existing-Home Sales Rose 3.1% in January while Greater Flagstaff's housing market dropped 10.8% from the previous month, according to data provided by the Northern Arizona MLS. With only sixty-six homes sold, this is one of the lowest January sales in a decade; the lowest was last year with only fifty-two homes sold.

 

Home Sales by Type

January 2023 Flagstaff Home Sales by Type

 

"While home sales remain sizably lower than a couple of years ago, January's monthly gain is the start of more supply and demand. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year," said National Association of Realtors Chief Economist Lawrence Yun.

 

In January 2024, the Broaddus Properties Group, Brokered by eXp, helped 2 buyers find their dream Flagstaff homes valued at over $800,000+

 

FLAGSTAFF MEDIAN HOME PRICE

Flagstaff Median Home Price & DOM January 2024

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

The median property price in Flagstaff experienced a modest 2.8% increase, reaching $735,000 in January. In comparison to the same month last year, this reflects a notable 9.4% leap from $672,000. 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 continued to be sold at a consistent rate in January, with the median time on the market reaching 100 days. This reflects a 20-day increase compared to the previous year, maintaining the same pace as December.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

 

JANUARY 2024: Flagstaff Market Watch Summary

2023 Flagstaff Real Estate Market Watch Total Home Sales: 66 homes, up 26.9vs. January 2023.

Median Sale Price: $735,000, up 9.4% vs January 2023

Mortgage rates: The 30-year fixed-rate mortgage rate averaged 7.22 percent the week of February 28, according to Bankrate.com

Longest days on market (SF): 728 days This newly constructed residence offers three bedrooms and three baths. Featuring a great room centered around a fireplace and a gourmet kitchen, this Pine Canyon home provides generous space for hosting family and friends.

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

Flagstaff Luxury Market Report January 2023

  • The Flagstaff single-family luxury market is a Buyer's Market with a 13% Sales Ratio.
  • Homes sold for a median of 96% of list price in January 2024.
  • The most active price band is $1,700,000–$1,899,999, where the sales ratio is 40%.
  • The median luxury sales price for single-family homes is $1,800,000.
  • The median days on market for January 2024 was 99 days, down from 103 in January 2023.

 

HIGHEST-PRICED HOMES SOLD IN FLAGSTAFF IN JANUARY 2024

FLAGSTAFF'S PRICIEST HOMES SOLD in January 2024

Photo courtesy of Symmetry Realty Brokerage

  • The highest-priced single-family Flagstaff home that sold in December was a $4,000,000 four-bedroom luxury home in Pine Canyon
  • The highest-priced Flagstaff townhome sale was a $1,700,000 four-bedroom in Forest Spring, located between the prestigious Country Club neighborhood and Downtown Flagstaff 
  • The highest-priced Flagstaff condominium sale was a $1,717,916 three-bedroom newly constructed residence  in Pine Canyon, offering ample space for hosting family and friends

 

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in JANUARY 2024

Lowest Priced Flagstaff Home in January 2024

Photo courtesy of UR HOME Realty

  • The lowest-priced single-family Flagstaff home that sold in January was a $602,000 three-bedroom home in Kachina Village set on just over 1/3 acre. 
  • Last month's most affordable townhome sale in Flagstaff was a three-bedroom end-unit in Elk Run, priced at $428,000. This unit features an open floor plan, along with mountain views visible from both the backyard and bedrooms.
  • The lowest-priced Flagstaff condominium sold was a $280,000 one-bedroom, fully furnished end-unit in the Arbors. Close to NAU, CCC, bus routes, and downtown Flagstaff. 

 

 

Flagstaff Home Buyer Advice

Embarking on your first home purchase is a significant and exciting milestone, but today's housing market poses challenges, such as limited supply and affordability issues. To help turn your dream into reality:

 

1. Explore First-Time Homebuyer Programs:

   Overcome the initial costs with assistance programs offering lower down payments and flexible requirements. Many programs provide help with closing costs and down payments through grants and low-interest loans. Contact your state's housing authority or visit resources like Down Payment Resource for more information.

2. Consider Condos and Townhomes:

   Due to the scarcity of homes for sale, condos and townhomes are viable options. These more affordable alternatives offer a chance to enter the market, build equity, and potentially move into a larger home later. Condos, in particular, serve as an excellent entry point for those with smaller budgets, helping to accumulate equity, according to Realtor.com.

3. Pool Resources for a Multi-Generational Home:

   Collaborate with friends or family to share costs, making homeownership more attainable. With combined incomes, you may qualify for a larger mortgage, easing the financial burden in today's high-cost market, as highlighted by Money.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 Northern Arizona house? Yes, it makes sense, and here's why: The current Flagstaff housing market shows a 17% increase in available homes compared to last year. However, when compared to 2019, there are just 4% more homes for sale. This situation benefits sellers in two ways:

  1. More Options for Your Move: The increased inventory offers more choices for your next home, making it less challenging to find what you're looking for.
  2. Low Competition When You Sell: This means that with the right pricing strategy, your home should attract considerable attention from eager buyers and potentially sell quickly. Working with a local real estate professional ensures you stay updated on the available homes in your area.

Let's chat about how much equity you've got in your current home and how we can use that to make your next move happen. We're here to help you figure out if it's the right time.

Got any questions about buying or selling in Flagstaff, or are you ready to kick off the process? Just give us a call or shoot us an email. We look forward to hearing from you! Feel free to reach out at 888.446.5602 or drop me a line at kelly.broaddus@exprealty.com. Cheers!

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

 

What is the value of your Flagstaff Home?

 

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

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

 

You Might Be Interested In:

February 2024 Flagstaff Luxury Real Estate Market Report

Feb. 27, 2024

February 2024 Flagstaff Luxury Real Estate Market Report

 

 

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

DOWNLOAD THE LUXURY REPORT

 

  • This month’s report displays the market statistics for North America AND Flagstaff month over month as well as the 13-month trend.
  • As we step into 2024, the luxury real estate market now stands at another fascinating juncture. Known for its resilience and capacity to set trends, will the luxury market once more take the lead and steer us towards a stronger year for sales?
  • After a period of stagnation, the luxury market saw a shift in the last quarter of 2023 that, together with more positive economic indicators, translated into a show of confidence with both inventory and sales increasing.
  • We review whether these parameters are still holding true during the first month of 2024 and if there are any contradictions what they mean for the upcoming spring market.
  • Our review analyses the catalysts of change that are currently in play to understand why the luxury market may continue to see activity increase.
  • We investigate with positive influences as well as the potential disruptors while assessing the expectations and considerations needed by buyers and sellers for the upcoming year.
  • How will the roles of technology and sustainability interconnect and impact choices in 2024?
  • Will global economic influences continue to influence the decisions of the affluent?
  • And how are local market variations likely to change behaviour patterns and the strategies of the affluent?
  • Discover why 2024 will be a year of opportunity but also one that must be tempered by strategic decisions and careful navigation.

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

Take a look at our latest local City Report:

 

NORTHERN AZ LUXURY HOMEOWNER ADVICE

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

What is the value of your Flagstaff Home?

 

GET IN TOUCH

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

 

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Upgrade Your Northern AZ Home With These 2024 Design Trends

 

Feb. 21, 2024

2963 N Boldt Dr, Flagstaff, AZ 86001

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

2963 N Boldt Drive, Flagstaff, AZ 86001

  SOLD! Luxury Living Redefined: Explore 2963 N Boldt Drive, Flagstaff, AZ 86001

    4 Beds |   4.5 Baths | $1,575,000

 

Discover the epitome of comfort and sophistication at 2963 N Boldt Drive in Linwood Heights, Flagstaff. This immaculate sanctuary offers a plethora of features and upgrades designed to captivate discerning buyers. Step into the backyard retreat, complete with an in-ground sprinkler system and fenced yard for ultimate privacy. Enjoy outdoor entertaining on the concrete upper patio or relax to the soothing sounds of front and back water fountains.

 

Indoors, experience modern convenience with a Control4 wireless system in the media room and a 55'' 4K LED kitchen TV installed in 2017. The media room boasts top-tier entertainment technology, including a Roku Ultra, Sony Blu-ray player, a 65'' 4K UHD HDR Smart TV upgraded in 2021, and an Epson Pro Cinema 4040 projector with a 126" screen installed in 2017.

 

For outdoor enthusiasts, the home's proximity to AZ Snowbowl and AZ Nordic Village adds to its allure. Recent upgrades include new carpeting, roof, exterior paint, gutters, downspouts, and heat tape, complemented by mature landscaping, ensuring a luxurious lifestyle.

 

Don't miss the chance to experience the charm of this Linwood Heights residence. Schedule your showing today and embrace the pinnacle of luxury living.

 

TAKE A VIRTUAL TOUR

https://youtu.be/Nzktwz97qHQ?si=743vk9UC8YHkIGnV

Photos and more information here:

https://www.northernarizonafinehomes.com/property/195866/

 

LOCATION

2963 N Boldt Dr

Car-Dependent

Learn more about Linwood Flagstaff

North on Fort Valley (Hwy 180) to N. Peak View. Left on Peak View, take your fourth right on Cooper. Left on Boldt.

Amusement & Recreation 

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

Dining Nearby

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

Nearby Schools

        • Charles W Sechrist Elementary School
        • Mount Elden Middle School
        • Flagstaff High School

Linwood Heights Neighborhood Information 

 Visit the Linwood Heights community page for more information.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-446-5602 to see other houses for sale in Flagstaff.

Search for Luxury Homes in Northern Arizona

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Feb. 20, 2024

7959 Moonbeam Dr Flagstaff AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

7959 Moonbeam Drive Flagstaff,  AZ 86004

SOLD! Serene 4BR/2BA Home on 1-Acre Lot with Mountain Views | Your Perfect Doney Park Retreat

List Price: $515,000

Located in the peaceful community of Sunset Crater Estates in Doney Park, just 7 miles east of Flagstaff, this home offers a serene retreat on a spacious 1-acre lot. The property features a convenient through driveway, perfect for accommodating your outdoor gear and equipment. With room for toys, gardens, horses, and more, this property is a versatile canvas for your lifestyle.

The backdrop of the stunning San Francisco Peaks in the backyard adds a breathtaking touch to any family or social gathering. Recent upgrades include a brand new asphalt shingle roof and fresh exterior paint, enhancing both the home's durability and visual appeal.

Inside, the 1,371 square feet of living space includes three bedrooms, two baths, and a generous bonus room currently used as an additional bedroom. The open kitchen design flows seamlessly into the inviting living and dining areas, creating an ideal communal space for gatherings. In the winter, the cozy wood-burning stove keeps the home warm and inviting.

Having been cherished and maintained for over 25 years, this home is now ready to become your own. Schedule a viewing today and seize the opportunity to make it yours and start creating lasting memories in this special place!

 

TAKE A VIRTUAL TOUR

MORE PHOTOS AND INFORMATION HERE

www.northernarizonafinehomes.com/property/195842/

 

Location

7959 Moonbeam Drive

Car-Dependent

Learn more about Doney Park

Follow Historic Rte 66/Rte 66 and N 89 to Silver Saddle Rd. Continue on Silver Saddle Rd. Drive. Turn left onto Stardust Trail. Turn left onto Moonbeam Dr. Destination will be on the right

 

Dining/Shopping Nearby

  1. Backland Luxury Eco-Resort - Savor unforgettable dining at Backland Luxury Eco-Resort near the Grand Canyon, surrounded by pine forests. Chef-prepared meals redefine glamping
  2. Village at 8,000 Feet - Discover high-altitude dining at Village at 8,000 Feet, a rustic cabin and yurt rental spot between Flagstaff and Grand Canyon National Park.

Attractions & Recreation

  • Discover Sunset Crater Volcano National Monument, showcasing remnants of a volcanic eruption 900 years ago. Choose from guided hikes or a scenic car loop to explore the captivating landscape. The Visitor Center is open year-round, excluding December 25. Note: Pets are only allowed in the parking lot. Entrance fees: $20.00 per vehicle, $15.00 per motorcycle, $10.00 per cyclist or pedestrian, with an annual pass available for $40.
  • Explore nearby Walnut Canyon National Monument  for ancient cliff dwellings or Wupatki National Monument for Puebloan ruins, both easily accessible from Sunset Crater Estates.

Schools

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

  • Elementary: Sturgeon Cromer Elementary School
  • Jr High School: Sinagua Middle School
  • High School: Coconino High School

 

 

Sunset Crater Estates Neighborhood Information 

Conveniently situated just 30 minutes north of Flagstaff, this neighborhood provides a perfect blend of natural beauty and accessibility.  Visit the Sunset Crater Estates community page for more information.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-446-5602 to see other houses for sale in Flagstaff.

 

Search for Homes in Flagstaff, Arizona

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Feb. 16, 2024

3620 N Walker St Flagstaff, AZ 86004

Kelly Broaddus |  eXp Realty | 888.446.5602 | Contact Kelly

3620 N Walker Street, Flagstaff, AZ 86004

SOLD! Well Maintained 5 Bedroom Home with Mountain Views in Upper Greenlaw

5 Beds | 2 Baths | $583,000 

This 5-bedroom, 2-bathroom, single-family home with a total living area of 2,358 square feet has an attached 2-car garage and a 12x12 shop/storage building in the fenced backyard. The lot size is 7,760 square feet, which provides ample outdoor space.

Inside there is a large open family room with a woodstove, a separate formal dining room, and a large eat-in kitchen. The front room is ideal for entertaining guests. The floors in the home are a mix of ceramic tile, carpet, and wood.

There is also a large utility room located between the garage and family room, making it convenient for access and storage. The exterior of the home is well-maintained, with a flagstone walkway and an additional flagstone area, as well as a low retaining wall filled with red cinders Under two large Ponderosa pine trees.

Other notable features of this home include a new roof, wood floors, 2 fireplaces, a fenced backyard, and new paint. Overall, this is a very comfortable and well-maintained home with plenty of space for a family.

Take a Virtual Tour

Photos and more information here:

www.northernarizonafinehomes.com/property/192863/

 

Location

3620 North Walker Street

Car-Dependent

Learn more about Upper Greenlaw Flagstaff

Head east toward S San Francisco St. Turn left onto S San Francisco St. Turn right at the 1st cross street onto I-40BL E/Historic Rte 66/Rte 66. Use the left 2 lanes to turn left onto N Fourth St. Turn right onto E Linda Vista Dr. Turn left onto N Walker St. Destination will be on the right

 

Amusement & Recreation 

Buffalo Park - Perfect walk to enjoy the outdoors, fresh air and close mountain views. Many Trails for all ages and even dogs. Plus the beautiful views of the San Francisco Peaks. 

Flagstaff Mall - Located in East Flagstaff and is accessible at the I-40/Country Club Drive Exit.

Flagstaff Aquaplex - is a city-owned recreation center with tons of amenities for kids and adults like pool, gym, large water slides & lazy river.

Dining Nearby

Visit Tinderbox Kitchen and enjoy the good food and Flagstaff's authentic vibe. You can also drop by at Josephines Modern American Bistro and try their dishes with full wonderful flavors. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s, it's just a small detour from the main road and a great place for dinner with a group.

Nearby Schools

 

Upper Greenlaw Neighborhood

Upper Greenlaw is an established east Flagstaff neighborhood developed in the 1970s. Homes were built on the model of Coconino Estates’ original homes –generally with one-car garages. There are also some duplexes in the area.

Come and see this nice home in Upper Greenlaw for yourself! Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see other houses for sale in Flagstaff.

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