Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

SOLD! Wonderful South Flagstaff Home, Short Term Rentals Allowed

4 Beds | 3 Bath | $419,850

Wonderful home on a great lot!! Don't miss out on this opportunity! Short term rentals allowed, NO HOA

All photos and more information here: https://www.northernarizonafinehomes.com/property/183893/

See all Homes & Homesites For Sale in Pine Dell

LOCATION

8 Pine Ridge Drive

Car-Dependent

Learn more about Flagstaff

Directions: South on 89A to Pine Ridge Dr. Home is on left.

Amusement & Recreation 

• Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
• Walnut Canyon National Monument - Cliff dwellings of the Sinagua Indians, built-in alcoves in the sandstone walls of a deep, wooded canyon near Flagstaff. Located about 10 mi (16 km) southeast of downtown Flagstaff, Arizona, near Interstate 40.
• Museum of Northern Arizona - Excellent local museum, lots of native American archeology and Anasazi artifacts.

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

• Manuel De Miguel Elementary School
• Mount Elden Middle School
• Flagstaff High School

Pine Dell Neighborhood Information 

Located in the Southern part of Flagstaff close to University Heights and Ponderosa Trails. Pine Dell is at the top of 89A and is close to all the amenities Flagstaff has to offer. Pine Dell has single-family homes and many of which back forest and no HOA. Visit the Pine Dell community page for more information about this south Flagstaff neighborhood.

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

Search for Homes in Flagstaff, Arizona

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

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

Flagstaff Homes for Sale $300,000-$400,000

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

Flagstaff Homes for Sale $500,000 and above

Kelly Broaddus  |  eXp Realty  |  888.446.5602  |  Contact Kelly

SOLD! Beautiful Vista Grande Ranch Home in Cottonwood, AZ
   3 Beds | 2 Baths | $292,400

Rare opportunity to own a beautiful home in this lovely small Vista Grande Ranch subdivision. Amenities include a small community pool & clubhouse with HOA only $40/month. Near a bus stop.

All photos and more information here: northernarizonafinehomes.com/property/183749

See all homes for sale in Cottonwood

Location

1061 South Vista Grande Drive

Car-Dependent

Learn More About Cottonwood

S Monte Tesoro Dr to W Mesquite Dr to S Viejo Dr to Sierra Madre Dr to S Vista Grande Dr. Home is on left.

Dining Nearby

Nearby restaurants include Cork & Catch, If you are looking for wonderful flavors, this is the place. They offer a great menu, steaks, seafood, salads, burgers. Calavera Bar And Grill is the Best Mexican restaurant in town. Papa Murphy's is such a great treat to be able to get delicious, fresh pizza locally.

Schools

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

Vista Grande Ranch Neighborhood Information

Vista Grande Ranch subdivision in Cottonwood is a quiet 48 unit community located south and east of the Cottonwood airport.

Cottonwood is located in the 'heart' of Arizona, the Verde Valley a community with easily accessible restaurants, hotels, shopping and a charming historic old town, complete with tall sidewalks and buildings with false fronts that accommodate the old West character.

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

Search for Homes in Cottonwood, Arizona

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

Cottonwood Homes for Sale $300,000-$400,000

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

Cottonwood Homes for Sale $500,000 and above

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said.¹ And he’s right: most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages.

But, rather than a slowdown, we are continuing to experience a surprisingly robust real estate market across the country. And experts estimate that these conditions are likely to last well into the new year. Fannie Mae Senior VP and Chief Economist Doug Duncan predicts that existing home sales will ultimately “be up a percent or more in 2021.” He believes home prices will continue to rise due to limited inventory, but he is confident the Federal Reserve will keep interest rates low into the future, which will be “very good for households.”²

Market conditions like fewer available listings, changing criteria for desired homes, and record-low mortgage rates are changing the way people buy and sell homes, most likely in a lasting way. But this sustained activity, even in the uncertainty that is 2020, proves that our country still views real estate as a sound investment. The only question now is how you can take advantage of the housing market’s “new normal.”

FEWER LISTINGS EQUALS A SELLER’S MARKET

Inventory, meaning the number of homes for sale, is at a record low across the country. The National Association of Realtors (NAR) reports there are fewer homes on the market today than the association has seen in data going all the way back to 1982.³ Currently, the total housing inventory is about 1.47 million units, which is a decline of 19.2% from one year ago.⁴

Experts do predict some relief on the horizon. MarketWatch had previously anticipated housing starts would occur at a pace of 1.45 million and building permits would come in at a pace of 1.52 million.⁵ But it turns out that the market exceeded expectations: compared with last year, housing starts are up 11% and permitting for new homes occurred at a seasonally-adjusted annual rate of 1.55 million. That represents a 5% increase from August and an 8% increase from a year ago.

For now, the fact that there are fewer listings creates an advantageous housing market for sellers. There are several reasons why.

For one, buyers have to act fast to snap up available homes. As a result, most properties that come on the market stay for an average of just 21 days before they are sold.⁶ “That is the fastest ever recorded in our monthly series,” says NAR Chief Economist Lawrence Yun.

Another benefit is that sellers are enjoying higher net returns on their listings. This is thanks to the tough competition for homes, which often results in bidding wars between buyers. Nationwide, the median home price in September rose to $311,800. That translates to about $40,000 (15%) more than just a year ago.⁷

This seller’s market is not simply a product of the pandemic. In fact, in the country’s top 100 metro markets, inventory has been dwindling since the first quarter of 2020.⁸ This means that even with increased construction, buyers can’t simply wait for things to go back to normal before reentering the market. Rather, all signs indicate that this is the new normal.

What It Means for Flagstaff Homeowners:

These higher home prices show that buyers are willing to spend more on a home right now than they did last year. So, if there ever were a time to list for top dollar—and expect to receive asking price quickly—that time is now. Ask us for a free consultation of your home’s value today.

What It Means for Flagstaff Homebuyers:

Due to low inventory, buyers could easily find themselves in a bidding war. Time is of the essence in a seller’s market, so you’ll need to get your financing in order and be preapproved for a loan before you begin your home search. We can connect you with a trusted mortgage professional to get you started.

BUYERS BENEFIT FROM LOW MORTGAGE RATES AND A BIGGER PLAYING FIELD

Don’t worry, Flagstaff homebuyers. This “new normal” of real estate has benefits for you too.

For example, people used to base their next home purchase on how far the commute was to work or in which public school district it was. But now, thanks to the pandemic shifting the locus of jobs and work, they are free to consider what they need from home to make it a place they truly want to be in as they work, teach, exercise, cook, and live.

Often, this equates to needing more space in different types of areas. Realtor.com consumer surveys show that people are desiring quieter neighborhoods, home offices, updated kitchens, and access to the great outdoors.⁹ The search for these criteria is driving residents out of densely populated metropolitan areas and into the suburbs.¹⁰ And this exodus from cities is good news for buyers: it opens up more possibilities for inventory that they could not have considered pre-pandemic.

Another advantage for buyers is the record-low mortgage rates. The average rate for a 30-year fixed-rate mortgage hit a record low in mid-October when rates fell to 2.81%. That’s the lowest since Freddie Mac began conducting the survey in 1971, and well below last year’s 3.69%.¹¹ Similarly, a 15-year fixed-rate mortgage can be had for as low as 2.35% compared to 3.15% a year ago.

Thanks to these rates, buyers are afforded the opportunity to buy nearly $32,000 more home than they could one year ago, while keeping their monthly payment the same.¹² So even though home prices are high now, it is currently more affordable to buy a home now than it was last year.

If you want to take advantage of these rock-bottom mortgage rates, you need to act fast. Though rates are projected to stay low, housing economists predict that the window of opportunity to get the best rate could be closing in the coming months. Mike Fratantoni, chief economist at the Mortgage Bankers Association, said he expects the average rate on a 30-year mortgage to rise to 3.5% by the end of 2021.¹³

What It Means for Northern Arizona Homeowners:

Record-low mortgage rates offer you the opportunity to lower your monthly payment—or even take out some equity—with a refinance. With those additional funds, you could even choose to invest in a second home in a new desirable location. Reach out to us for a referral to a trusted mortgage professional or an agent in those markets.

What It Means for Northern Arizona Homebuyers:

The time is now to determine how much home you can comfortably afford and make a plan to find it. We can set up a search for you to find homes that best meet your new needs, even if they’re in neighborhoods you wouldn’t have considered before.

A RECORD-SETTING YEAR FOR HOME SALES IS JUST THE BEGINNING

Despite the seemingly adverse buyer conditions, 2020 experienced a 14-year high number of home sales, NAR reports. Existing-home sales, which include single-family homes, townhomes, condominiums and co-ops, rose 9.4% in September to a seasonally adjusted annual rate of 6.54 million.¹⁴ That’s a 21% increase from a year ago!

Every region of the country has seen a surge in sales activity. According to George Ratiu, senior economist for Realtor.com, part of the reason for these continued sales is that the pandemic has created a paradigm shift in the patterns of real estate.¹⁵ For example, housing needs are typically resolved by late summer and early fall to coincide with the commencement of the new school year. With homeschooling and remote work, however, buyers have been freed to continue their home search into the traditionally slow winter months.

Another reason for the robust market is that Millennials are finally putting their money into homeownership. According to the U.S. Census Bureau, the homeownership rate for 25-to-34-year-olds rose to 40.7% by the end of last year.¹⁶ This is significant because Millennials, the generation of people in their mid-20s to late-30s, currently surpasses Baby Boomers as the nation’s largest living adult generation. As the remaining percentage of this group starts investing in homes in the near future, demand will persist.

All of these factors indicate that the housing market is poised to remain strong as we head into the new year. And as Jonathan Woloshin, head of U.S. real estate at UBS Global Wealth Management, believes, they could “buoy the housing market for years to come.”¹⁷

What It Means for Flagstaff/Sedona Homeowners:

It’s tempting to believe that homes will basically sell themselves in a market like this. But we’re still seeing properties that are overpriced and under-marketed sit unsold. We can help you optimize the process of selling your home so you can get the best possible offer.

What It Means for Flagstaff/Sedona Homebuyers:

Preparation is key to success in a seller’s market like this, but don’t let yourself become paralyzed. We are here to answer your questions and offer sound advice to guide you through all the options that are available to you.

REAL ESTATE IS A SAFE BET

Your other investments might have been on roller coasters this year, but the Flagstaff real estate market has been steady, competitive, and strong throughout. That makes it a good choice for your financial future.

National real estate numbers can give us a pulse on the market, but real estate happens in our own backyard. As your local market experts, we can help you understand the finer points of the Greater Flagstaff market that impact sales and home values in your own neighborhood. 

If you’re considering buying or selling a home in Flagstaff or Sedona (or nearby areas!) before the new year or in early 2021, contact us now to schedule a free consultation. We’ll work with you to develop an actionable plan to meet your goals.

Sources:

1. Redfin -
   https://www.redfin.com/news/housing-market-news-september-2020/
2. Housing Wire -

https://www.housingwire.com/articles/fannie-maes-doug-duncan-offers-his-predictions-for-2021/

3. CNBC –

https://www.cnbc.com/2020/10/22/september-existing-home-sales-jump-9point5percent.html

4. NAHB –

http://eyeonhousing.org/2020/10/existing-home-sales-surge-despite-record-low-supply

5. MarketWatch –

https://www.marketwatch.com/story/new-home-construction-slows-slightly-in-august-driven-by-pullback-in-multifamily-starts-2020-09-17

6. National Association of Realtors –

https://www.nar.realtor/newsroom/existing-home-sales-soar-9-4-to-6-5-million-in-september

7. Business Insider - https://www.businessinsider.com/how-2020-broke-the-housing-market-inventory-could-run-out-2020-9
8. Forbes -

https://www.forbes.com/sites/petertaylor/2020/10/11/covid-19-has-changed-the-housing-market-forever-heres-where-americans-are-moving-and-why/#74e7355761fe

9. Realtor.com –
   https://www.realtor.com/research/top-consumer-home-features-coronavirus/
10. Wealth Advisor – https://www.thewealthadvisor.com/article/covid-19-has-changed-housing-market-forever-heres-where-americans-are-moving-and-why
11. Washington Post -

https://www.washingtonpost.com/business/2020/10/15/30-year-mortgage-rate-drops-record-low/

12. Forbes –

https://www.forbes.com/advisor/mortgages/buying-a-home-low-mortgage-rates/

13. BankRate -

https://www.bankrate.com/mortgages/refinance-window-could-close-soon/

14. National Association of Realtors –

https://www.nar.realtor/newsroom/existing-home-sales-soar-9-4-to-6-5-million-in-september

15. Forbes -

https://www.forbes.com/sites/petertaylor/2020/10/11/covid-19-has-changed-the-housing-market-forever-heres-where-americans-are-moving-and-why/#74e7355761fe

16. TD Economics –

https://economics.td.com/us-falling-mortgage#:~:text=The%20homeownership%20rate%20among%20millennials,47.7%25%20at%20a%20comparable%20age.&text=This%20means%20that%201.4%20million,that%20of%20the%20older%20generation

17. Axios Media -

https://www.axios.com/real-estate-market-819e3c85-3765-4014-91c0-b545be6d5935.html

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Flagstaff AZ Real Estate Market Data Provided by The Kelly Broaddus Real Estate Advisors Team / by Joselyn Uy

 September Flagstaff Home Sales Surge

Happy Halloween! As we move into November, the housing market continues to thrive. The summer season pushed into fall, causing September sales to surge. Here's the latest update on Flagstaff real estate.

FLAGSTAFF HOME SALES

This September, sales of existing homes in the US rose 9.4% compared to  August marking four consecutive months of significant gains. Greater Flagstaff's housing sales remain flat compared to last month according to data provided by the Northern Arizona MLS. It rose 40% from the same period last year, however.  There were 260 houses sold in September, the most in 14 years. Mortgage rates near all-time lows helped a lot to push sales numbers to new heights. 

In the month of September, our Kelly Broaddus Real Estate Advisors team hit a record of 9 homes, selling over $4M of Flagstaff and nearby area real estate.

FLAGSTAFF MEDIAN HOME PRICE

Flagstaff September housing prices fell 3.6% with the median sale price coming in at $487K which represents a new high for the month. This is 15% higher from a year ago with the median sale price coming in at $425K, setting a new September monthly price high. 

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

September 2020 Flagstaff Market Watch Summary

Total Single Family Home Sales -   196 homes, up 47% vs September 2019. 

Median Sold Price -  $487,000, up 15% vs Sept 2019

Average Mortgage rates  - 30-year fixed-rate mortgage rose 3.13% on Aug 31. Mortgage rates change daily but they remain very competitive and are worth locking in.

Longest days on market (SF): 1,135 Days  This is a stunning 4057 square foot Custom Mountain home on a heavily treed slightly elevated lot in Pine Canyon. Membership to Pine Canyon Gold Club is optional and HOA fees start at just $200/month.

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 has to be off the MLS for at least 90 days for the CDOM to restart, even if it is listed by a different agent. We report the average days on 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'S PRICIEST HOMES SOLD in SEPTEMBER 2020

Photo courtesy of My Home Group Real Estate

• The highest-priced single-family Flagstaff home that sold in September was a $3,000,000 5-bedroom luxury custom home located on the 6th tee box and nestled in a quiet, private cul-de-sac in Pine Canyon. 
• The highest-priced Flagstaff townhome sale was a $670,000 3-bedroom all-season luxury townhouse, a former model home in Flagstaff Ranch
• The highest-priced Flagstaff condo sale was a $750,000 renovated lower level condo with a large outdoor space and views of the practice range in Pine Canyon

THE MOST AFFORDABLE  FLAGSTAFF HOMES SOLD in SEPTEMBER 2020

Photo courtesy of Realty Executives of Flagstaff

• The lowest-priced single-family Flagstaff home that sold in September was a $255,000  3-bedroom mountain move-in ready getaway in Christmas Tree Estates that was used as an AIRBNB
• The lowest-priced Flagstaff townhome that sold was a $255,000 2-bedroom townhouse in Sunnyside with easy access to Buffalo Park, Killip Elementary, shopping, bus line and is 3 miles from downtown and I-40.
• The lowest-priced Flagstaff condo that sold was a $183,180 one-bedroom upper end-unit condo at the Arbors (Woodlands Area)  located close to dining, shopping, NAU campus, the gym and just minutes from historic downtown Flagstaff

Flagstaff Home Buyer Advice

Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying a home, it’s hard to make a confident decision. In fact, four in five homebuyers say they need help to understand what they can even afford in the first place. This is why finding the right professionals to help you through the process is so important.

On top of that, the same survey reports over two-thirds of prospective home buyers believe they’ll need assistance to save enough for a down payment. What they may not realize is that there are a lot of down payment assistance programs at the state and regional levels, and many of them have funds available for potential buyers. Down Payment Resources recently released its Q3 2020 Homeownership Program Index, which explains:

“The number of total programs is 2,340, and over 81 percent (81.1%) of programs currently have funds available for eligible homebuyers.”

Down Payment Assistance Programs Are Not Only for First-Time Homebuyers

Keep in mind, these programs aren’t just for first-time homebuyers, so it’s worth exploring your options no matter where you are in your homeownership journey. For example, if you’re working from home now, you may be thinking of relocating to a more affordable area where you can stretch your dollar further and have more space, inside and out. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), explains:

“Rural areas have mortgages (USDA loans) that don’t require down payments; and some workers who can work from home may want to consider outer suburbs or small towns where USDA home loans are available and where homes are very affordable.”

If affordability is on your mind and you’re expecting to be working from home long-term, the right home may be in an area you haven’t considered yet. In addition, the assistance program you need might be within reach too.

If you’re interested in learning more about down payment assistance programs, additional information is available through Down Payment Resource. We can help you decide which option is best for you personally. Let’s connect today to get you started on the path to your dream home.

If you are just considering buying, take a look at some of the beautiful homes that recently came on the Flagstaff market.

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. 

Flagstaff Home Seller Advice 

The housing market has continued its booming recovery, and sellers continue to benefit. But things might be changing soon. Let me give you the details:

Demand still outpaces supply by a lot. 

The only thing that's holding sales back is a lack of homes on the market. Inventory of homes for sale in the US is down 18.6% annually to a three-month supply. For reference, the last time that sales were this robust, the supply of homes was twice as high.

Home prices continue to rise.

Unsurprisingly, this mismatch between supply and demand has pushed home prices to new record highs. The price of a median home is up 11.4% annually. Also, homes are now going under contract after just 14 days on average, which is 14 days faster than one year ago.  

More homes on the market soon?

Of course, high demand and record prices benefit sellers tremendously. But there's a third aspect of the market that might spoil the party. Right now, the number of seriously delinquent mortgages is growing quickly. Many homeowners are struggling to make their payments during the economic problems caused by the pandemic. However, with current high home prices and low mortgage rates, the vast majority of these homeowners have equity in their homes. 

This means they could sell their home instead of being forced into foreclosure. The upshot is we might see a flood of new homes for sale on the market soon.

So what does this mean for you?

Well, if you've been thinking about selling, you might consider taking action now. The reason is the current golden moment. Demand is high, and homes are selling quickly and for top dollar. However, with the chance of many more homes for sale hitting the market, that might change soon.

In other words, we might see supply match demand, so prices start to stagnate and buyers get more choosy. That's why it's a good idea to at least look at your options right now. If you are considering selling your home, you can start by simply finding out what you could get for it in the current hot market. An easy way to do this is with the following home value calculator, which takes into account recent area sales. Click below and Enter your address to find out what your home is currently worth

If you’d like a free consultation regarding your home’s value, give us a call at 888.446.5602. Kelly will be happy to talk about strategy and tell you how to take advantage of the current market. Our team sold 85 homes last year, so we know how to guide you through any situation and make sure you sell quickly and for top dollar. 

LET'S CONNECT TODAY!

Whether you connect by phone or video chat, we can help you understand how to safely navigate the housing market so that you can prioritize the health of your family without having to bring your plans to a standstill. Whether you’re looking to buy or sell, we know the best protocol as well as the optimal resources and lenders to help you through the process in this fast-paced world that’s changing every day. Give us a call at 888.446.5602 or email kelly.broaddus@exprealty.com. 

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

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Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

SOLD! Spacious 5 Bedroom Flagstaff Country Club Home Could be VRBO! 

5 Beds | 3 Bath | $549,900

Beautifully updated 2,850 sqft home situated in the desirable Continental Country Club neighborhood but NOT IN THE HOA! This home could be a VRBO dream! The spacious split level floor plan provides opportunities for privacy and plenty of room to entertain. Vaulted ceilings and a wood fireplace greet you as you enter the home. Kitchen updated with quartz counters, all new stainless steel appliances, and engineered wood flooring throughout the main level. The lower level contains two separate master bedrooms, a living room, and a large bonus room with a connected patio. Both master bedrooms have walk-in closets and ensuite bathrooms. Relax in the living room in front of the wood fireplace, host a gathering in the large bonus room with a wood stove and dry bar, then walk out onto the open patio to enjoy the quiet.

The bonus room can be used as a second living room, rec room, game room, or even convert one master BR and bonus room into MIL space. Endless possibilities. The upper level leads to three bedrooms and a full bath. Double closets in two bedrooms, a walk-in closet in the third, along with hall closets provide ample storage. Bathroom remodels completed with quartz shower surrounds, tile floors, low water usage toilets, and Carrera marble-topped vanities. Energy-efficient double pane vinyl windows installed in 2017. Refrigerator, washer, and dryer included. Additional furniture is available on a separate contract.

Photos and more information here: https://www.northernarizonafinehomes.com/property/183610/

Take a Virtual Tour: https://www.tourfactory.com/2811387

LOCATION

5119 East Seminole Drive

Car-Dependent

Learn more about Flagstaff

Country Club to Seminole, home on the left.

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.
• Wheeler Park - A great place to stay cool under the trees and enjoy outdoor with family.
• Fort Tuthill County Park -The County's premier 413-acre regional park 3 miles south of Flagstaff. Offers bike park, equestrian cross country course, campground, multi-use trails, archery, and many more outdoor activities. 

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

• W F Killip Elementary School
• Sinagua Middle Schooll
• Flagstaff High School

Continental Country Club Neighborhood Information 

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 condos for sale in Flagstaff.

Search for Homes in Flagstaff, Arizona

Flagstaff Homes for Sale Under $500,000

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

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Flagstaff Homes for Sale $700,000 and above

by Joselyn Uy

Phoenix, Arizona October 20, 2020

Broker/Agent™ Advisor Honors Kelly Broaddus Achievement

Now in its 25th year, Broker★Agent Advisor celebrates the success and accomplishment of the industry’s finest real estate professionals through its ‘Certificate of Excellence’ Program.

Through proprietary criteria, formulas, and other valuable considerations, Kelly Broaddus of Flagstaff, AZ has been distinguished by Broker★Agent Advisor as one of the best in business based on achievement, potential, leadership, ethics, community value, experience, capability, and trust for their service during the calendar year of 2020.

Having previously earned our Seven Star Certificate of Excellence, Kelly exemplifies the type of professional we designed this award for,” says Chad Golladay, Executive Publisher of Broker★Agent™ Advisor. A true credit to their company eXp Realty, profession, and community both inside and outside of their real estate practice; one with whom the honor is truly ours in being able to share this award.” 

There is no cost or fee required for this award, and all applicant’s credentials are verified, which makes this honor one of the most genuine in the industry towards identifying those truly worthy of special recognition and distinction.

Kelly Broaddus can be found in Broker/Agent™ Advisor's national online directory of award recipients here: http://brokeragentadvisor.com/brag-directory

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More About Broker/Agent™ Advisor

Established in 1996 Broker/Agent™ is a real estate trade publication that provides information, tools, and resources to assist the modern real estate professional in achieving greater success through their real practice. Discover more about their award program here...  http://brokeragentadvisor.com/brag

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About Kelly Broaddus

Kelly Broaddus, an associate broker, leads the Kelly Broaddus Real Estate Advisors Team with eXp Realty. It is a top-producing real estate team based in Flagstaff, AZ offering real estate solutions to home buyers and sellers in Flagstaff, Sedona, Cornville, Williams, and nearby areas. 

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About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest-growing real estate brokerage firms in North America with more than 8,000 agents in 47 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly-traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit sevenfigureagentaskmehow.com

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Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

For years now, virtual home tours have helped real estate buyers far and wide find the perfect home. From long-distance military personnel being relocated to investors expanding their portfolio to homeowners looking for a vacation getaway, this technology makes finding a house that’s a bit out of driving distance much easier. And for real estate agents, virtual tours have been a useful way to help buyers with their home search and to assist sellers in creatively marketing their listings.

Because of the pandemic, virtual home showing options recently experienced a huge spike in popularity. One survey found that nearly 33% of recent home tour requests were for virtual tours, as compared to just 2% pre-pandemic.¹ And it’s easy to see why.

Buyers want to quickly find their next safe haven, one that may need to serve as their office, gym, and even classroom for months to come. And sellers want to limit the number of strangers in their home, yet still have the ability to reach enough potential buyers to get the best offer on their property.

Virtual home tours are the popular thing right now, but that doesn’t automatically mean they’re the only option for your home buying or selling experience. In this post, we’ll reveal five important secrets behind the virtual real estate scene. Read on to learn how they impact today’s home buyers and sellers.

SECRET #1: Virtual Tours Have Evolved

Lots of real estate professionals who had never used virtual tours before we're forced to quickly adapt when the pandemic struck. Because of restrictions on time and resources, not everyone is able to create what would have been deemed a “virtual tour” last year. So instead, we’ve expanded the definition of the phrase by creating innovative new ways to show homes while keeping our clients safe and socially-distanced. Here are some terms you might come across as you explore homes with virtual tours.

Traditional virtual tours use 360° Photos, which are images that allow you to see all angles of space. These are what allow virtual tour viewers to look up, down, and all around the interior and exterior shots of a home. Using a software program, 360° photos can be stitched together to create a digital model that looks like a dollhouse. This is called a 3D Tour. Sometimes agents will also add Virtual Staging, which decorates rooms with digital furniture and accents like wallpaper or paint.

Traditional virtual tours allow you to click to move from room to room in the home, but Online Walkthroughs feature the actual act of walking around. Either the seller or the agent (depending on factors such as time and safety requirements) will create a video by holding their camera or smartphone and simply moving through the home.

Online Walkthroughs can be filmed in advance or happen live. If they are live, they can also be referred to as Virtual Showings or Online Open Houses. A Virtual Showing is often a scheduled, one-on-one event that mimics an in-person tour of the home, in which the agent and viewer start at the exterior and move their way through the property. If your agent offers to FaceTime or Skype you from a home you’re interested in, for example, that would be a type of Virtual Showing. In contrast, an Online Open House is more freeform, allowing more viewers to pop in and out of a group video call on apps such as Facebook or Zoom.

SECRET #2: Virtual Doesn’t Mean Impersonal

All these styles of virtual tours showcase the property’s details better than static photos ever could. But for purchase as intimate as your next home, details like a new refrigerator or the size of the master closet aren’t the only deciding factors. Luckily, virtual tours are exceptional tools for personal connection.

As a prospective buyer, virtual tours give you a feel for the property, inside and out, so you can easily picture yourself in the space and decide if the home’s flow and features work for your lifestyle. Live video walkthroughs with the real estate agent will give you insights on those crucial non-visual aspects, like creaky floors, super-fast internet speed, and neighborhood dynamics. Plus, you’ll be able to ask questions and get an insider’s perspective on what’s so great about the home.

For Flagstaff home sellers, if your agent recommends using a virtual tour to market your home, you could attract more buyers.² And you can be sure that those interested buyers are still getting the up-close and personal look inside your home that will inspire their strongest offers.

SECRET #3: Virtual Is Just The First Step To Safe Home Sales

Even as government restrictions begin to ease in some areas, virtual tours are still recommended as a safer way to buy and sell real estate.³ Buyers don’t have to worry about exposure to anyone who previously visited the property, and sellers cut down on the foot traffic in their home. Some data even suggest that virtual tours keep agents safer as well since they’re hosting fewer in-person showings and open houses.⁴

But despite the variety of virtual tours available, some Northern Arizona buyers will still need to visit a home themselves in order to feel confident enough to submit an offer. In this situation, listing agents and sellers will work together to come up with a procedure that ensures everyone feels safe and comfortable. Some recommendations include requiring interested buyers to present a pre-qualification letter, conducting tours only by appointment and with essential parties, and asking buyers to self-disclose whether they have COVID-19 or exhibit any symptoms.³

The day of the in-person tour, agents might ask buyers to remain in their vehicle until they arrive at the property and to wear protective gear such as face coverings and gloves. Many will provide hand sanitizer and will ask buyers to refrain from touching any surfaces in the home. Instead, the agent (or seller, prior to the buyers’ arrival) will turn on lights, open doors, and pull back curtains. Then, after everyone has left, the agent will return the home to its original state and disinfect it as needed.³

SECRET #4: The Speed of Closing Depends on Your Goals

Though maybe not literally, virtual tours are opening doors for both buyers and sellers in terms of options available to them. In 2019, buyers viewed an average of 10 homes over a period of 10 weeks before submitting an offer.⁵ But thanks to an increased prevalence of virtual tours saving them driving time, they’re able to peek inside that number of homes in a much shorter period to make their final choice.

With all this viewing activity, it makes sense that sellers whose listings feature virtual tours are receiving more offers on their properties. According to one study, virtual tours can add between two and three percent to the sales price of a home, in part because increased buyer interest has made sellers feel confident waiting for the exact right offer.²

So if you’re a Flagstaff/Sedona home buyer luxuriating in viewing homes from your couch, just remember that you’re not alone in your search. Your competition is virtually viewing the same properties you are, so it’s still important to work with your real estate agent to quickly submit a strong offer when you find the home of your dreams. And for sellers, if a speedy sale is important to you, carefully weigh that against the temptation to entertain more and more offers, which can keep your home on the market up to six percent longer.² Your agent can help you decide the right strategy for your priorities.

SECRET #5: Virtual May Not Always Be the Right Choice

Creating, editing, uploading, and marketing virtual tours for a listing can be pricey. Packages through popular 3D imaging platforms like Matterport and Immoviewers can cost hundreds of dollars on their own.⁶ Virtual staging will further bloat a listing’s marketing budget, and then there are the advertising dollars needed. Even seemingly inexpensive options like video call walkthroughs still require time and energy on behalf of both the seller and agent.

These costs mean that a full virtual tour package might not always be the right choice for sellers. When you talk to your agent about marketing your home, it may be that an elaborate virtual tour, showing, and the open house just doesn’t make sense. It could be that your potential buyers may not resonate with that type of marketing, that the investment-to-return ratio isn’t in your favor, or that there are more effective ways to get your listing seen by qualified buyers.

Flagstaff buyers, you may notice that some listings within your search parameters don’t offer virtual tours. That’s because those for-sale homes might not have needed a full virtual marketing package to entice buyers to submit offers, or those homes are better marketed through more traditional tactics. Don’t close the door on your dream home because it doesn’t have virtual events and features. Stay open-minded so you can consider the wealth of home options that fit your lifestyle, needs, and budget.

Sources:

1. Rocket Mortgage - https://www.rocketmortgage.com/learn/evolution-of-home-showings-during-covid-19
2. Radio Iowa - https://www.radioiowa.com/2020/07/28/trying-to-sell-a-house-ui-study-finds-virtual-tours-will-bring-more/
3. NAR Showing Guidance During Reopening - https://cdn.nar.realtor/sites/default/files/documents/Showing-Guidance-During-COVID-05-14-2020.pdf
4. NAR 2020 Member Safety Report - https://cdn.nar.realtor/sites/default/files/documents/2020-member-safety-report-08-31-2020.pdf
5. NAR 2019 Profile of Home Buyers and Sellers - https://cdn.nar.realtor/sites/default/files/documents/2019-profile-of-home-buyers-and-sellers-highlights-11-21-2019.pdf

Realtor.com - https://www.realtor.com/advice/sell/how-to-host-virtual-home-tours-almost-as-good-as-the-real-thing/

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Kelly Broaddus |  888.446.5602  | Contact Kelly  

See all homes for sale in Flagstaff Ranch

Sold! Beautiful Single-Level Flagstaff Ranch Luxury Custom Home With Amazing Golf Course and Wildlife Views

3 Bed | 2 Baths | $1,195,000

Built to suit custom Capstone Home. This is a single-level 2700 sq. ft. Including quality features like wood floors, cedar lap ext. siding, granite & travertine. 3-bedroom, 2 baths, and den with a 2-car garage. This is a premier golf community at over 7200 feet in elevation. It's common to see Elk & Antelope onsite in the caldera, which is walking distance from this home. Amenities; activity & fitness center, pool, spa, and tennis. Elegant 25,000 sq. ft. clubhouse for dining and events. Upgrades in this home include the home being completely wired for sound, Primary Bedroom/bath includes barn door, roll-in shower, Toto toilets (throughout the house), Hansgrohe faucets (throughout the house). Hallways are extra wide for potential wheelchair access. Beautiful Alder wood used throughout, including doors and moldings. No expense was spared in this beautiful home, and the view is unsurpassable!

Take a Virtual Tour:

https://my.matterport.com/show/?m=5dGBq1x8JZW

https://www.tourfactory.com/2807415

More photos and information: 

www.northernarizonafinehomes.com/property/183459/

Location

4485 West Braided Rein

Car-Dependent

Learn more about Flagstaff Ranch 

Attractions & Recreation

• Walnut Canyon National Monument - Cliff dwellings of the Sinagua Indians, built in alcoves in the sandstone walls of a deep, wooded canyon near Flagstaff. Located about 10 mi (16 km) southeast of downtown Flagstaff, Arizona, near Interstate 40. 
• Flagstaff Extreme Adventure Course - Adventure Course has (7) different courses and they train you first on the Demo course. Very professional place, and all about safety. The second course is Adventure zip lines, which was closed and being checked by the professionals. They also have a Kids Course too.
• Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.

Dining Nearby

Nearby restaurants include Olive Garden Italian Restaurant, they offer great menu choices with many healthy (gluten and vegan) options. 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.  Looking for an unusual menu with great range of flavors? Nomads Global Lounge a great place for you.

Schools

Location

The Flagstaff Ranch Neighborhood

Flagstaff Ranch is one of the exclusive golf communities in Flagstaff, AZ. Play golf on one of the southwest's elite golf courses, swim at one of the three community center pools, dine and enjoy the stunning peaks view from the clubhouse, and more.  For neighborhood description, golf membership options and facilities like tennis courts, spa, etc check out our Flagstaff Ranch neighborhood page.

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Flagstaff AZ Real Estate Market Data Provided by The Kelly Broaddus Real Estate Advisors Team / by Joselyn Uy

 August Flagstaff Home Sales Sizzle Amid Low Inventory, Rising Prices 

Despite the season change, the housing market continues to sizzle. According to the most recent National Association of Realtors Housing Report, August was a record-setting month for home sales. Fall is typically the time of year when we start talking about the housing market taking a breather, but it's still showing no sign of cooling off. Here's the latest update on Flagstaff real estate.

FLAGSTAFF HOME SALES

The US existing home sales jump to near 14-year high in August marking three consecutive months of significant gains. Greater Flagstaff's housing sales have slowed down by 12% compared to last month, however,  it rose 24% from the same period last year.  There were 259 houses sold in August, the most in 14 years. A big contributor to the strength in our real estate market is mortgage rates which recently hit all-time lows. 

In the month of August, our kelly Broaddus Real Estate Advisors team hit a record of 13 homes, selling over $4M of Flagstaff and nearby area real estate.

FLAGSTAFF MEDIAN HOME PRICE

"The median US existing-home price2 for all housing types in August was $310,600, up 11.4% from August 2019 ($278,800), as prices rose in every region. August’s national price increase marks 102 straight months of year-over-year gains." - NAR 

Flagstaff home prices have gone up to $505,000 from July 2020 when the median sold price of $480,000. This is 28% higher from a year ago with the median sale price coming in at $394K, setting a new August monthly price high. 

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

Aug 2020 Flagstaff Market Watch Summary

Total Single Family Home Sales -   184 homes, up 44% vs Aug 2019. 

Median Home Price -  $505,000, up 28% vs Aug 2019

Average Mortgage rates  - 30-year fixed-rate mortgage rose 3.13% on Aug 31. Mortgage rates change daily but they remain very competitive and are worth locking in.

Longest days on market (SF): 5,253  This is a 5-bedroom luxury custom new build home in Flagstaff Ranch's Aspen Shadows. Property owners in Flagstaff Ranch must purchase either a Golf ($60,000) or Social Membership($30,000).

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 has to be off the MLS for at least 90 days for the CDOM to restart, even if it is listed by a different agent. We report the average days on 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'S PRICIEST HOMES SOLD in AUG 2020

Photo courtesy of RE/MAX Fine Properties

• The highest-priced single-family Flagstaff home that sold in Aug was a $3,700,000 5-bedroom luxury home on 1.21 acres in Pine Canyon. This private enclave boasts a 10-car garage soaring ceilings, extensive glass,  and a flowing stream that is a showpiece from the dining, great room, and master quarters.
• The highest-priced Flagstaff townhome sale was a $1,050,000 3-bedroom luxury Mountain Villas townhome in Pine Canyon 
• The highest-priced Flagstaff condo sale was a $459,000 newer two-bedroom unit at Dale Condominiums in Flagstaff Townsite. Located in the heart of downtown with views of the town's most historic landmarks.

THE MOST AFFORDABLE  FLAGSTAFF HOMES SOLD in AUG 2020

Photo courtesy of Santa Fe Realty

• The lowest-priced single-family Flagstaff home that sold in August was a $190,000  1-bedroom on a cul-de-sac in Sunnyside. It features a fenced yard and large Ponderosa trees. Zoned HR limited.
• The lowest-priced Flagstaff townhome that sold was a $254,900 2-bedroom, 1.5 bath North Pointe Townhouse in downtown Flagstaff (Flagstaff Townsite neighborhood)
• The lowest-priced Flagstaff condo that sold was a $134,850 renovated Arbors (Woodlands Area) studio unit located right next to the parking spot, near NAU.

Flagstaff Home Buyer Advice

Mortgage rates keep dropping, but should you go for it? Could rates continue to drop? If you are looking to buy or refinance your mortgage, should you wait to scoop up an even better deal in the months to come?

In theory, rates could indeed continue to go lower—all the way down to 0%. That's never been seen here in the U.S. However, it's a current reality in other countries, such as Denmark and Finland. Such a scenario is unlikely to happen here. It would require the Fed to make its rates negative, and keep them there for years. That's something Fed executives said they are opposed to.

Still, even if rates don't go all the way to 0%, they still might go lower than they are now. Several mortgage brokers have offered rates as low as 1.99% recently. However, you need to be careful if you see such offers. The ultra-low mortgage rates that have been offered recently all came with very high upfront costs, which tacked on thousands of dollars right out of the gate.

The fact is, when considering a new mortgage, it’s important to look at several factors. These include the interest rate, upfront costs, and monthly payments. Sometimes, it might be better to get a loan with a slightly higher interest rate in exchange for lower costs.

So what does all this mean for you?

Well, current mortgage rates are the lowest on record and are far below anything ever seen in the real estate market. These low rates are making homes more affordable. While there is a chance that rates will go still lower, there is also a chance that this is as good as it gets. Additionally, many of the lower rates that are popping up aren't as good as they seem at first blush. That's why I think it makes sense to consider taking advantage of the current low rates.

Of course, this is a complex question. It makes sense to enlist the help of a good lender because they can help you get the best possible rate with the best-attached conditions. If you are looking for financing, give me a call at 928.606.6749. I know and work with several top lenders I can recommend. They can guide you through this complex issue and help you come out the other end with the best possible solution.

If you are just considering buying, take a look at some of the beautiful homes that recently came on the Flagstaff market.

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. 

Flagstaff Home Seller Advice 

This August, nearly a third of renters were unable to pay rent. Likewise, a growing number of homeowners are falling behind on mortgage payments. These are lingering effects of the economic lockdown surfacing now because unemployment benefits and various mortgage forbearance programs are coming to an end. That's why experts predict a rise in defaults and evictions, which is likely to wash over the entire market in the coming weeks and months.

What does this mean for you? Well, if you have been thinking of selling, now might be a golden moment. The supply of Greater Flagstaff homes for sale in August further declined from last month to under 3 months, we were at 5.88 a year ago. A severe lack of homes for sale means you could sell in record time, and since low mortgage rates are making homes more affordable, you could get top dollar for your home.

A normal market would have 6-7 months of inventory. Anything under six months would indicate a sellers’ market, which would put upward pressure on prices. It's a seller's market for Flagstaff homes except in 1 high-end price range. 

However, the situation could change things quickly. We could see an influx of new homes for sale on the market this fall, which would drive down prices and put us into a buyer’s market, with many homes sitting for months while buyers pick and choose among them.

If you are considering selling your home, you can start by simply finding out what you could get for it in the current hot market. An easy way to do this is with the following home value calculator, which takes into account recent area sales. Click below and Enter your address to find out what your home is currently worth

If you’d like a free consultation regarding your home’s value, give us a call at 888.446.5602. Kelly will be happy to talk about strategy and tell you how to take advantage of the current market. Our team sold 85 homes last year, so we know how to guide you through any situation and make sure you sell quickly and for top dollar. 

LET'S CONNECT TODAY!

Whether you connect by phone or video chat, we can help you understand how to safely navigate the housing market so that you can prioritize the health of your family without having to bring your plans to a standstill. Whether you’re looking to buy or sell, we know the best protocol as well as the optimal resources and lenders to help you through the process in this fast-paced world that’s changing every day. Give us a call at 888.446.5602 or email kelly.broaddus@exprealty.com. 

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

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Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

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A post shared by Flagstaff Homes & Real Estate🏡 (@kellybroaddus_realtor) on Sep 21, 2020 at 8:55pm PDT

Sold! Continental Country Club Gem
3 Beds | 2 Baths | $399,950

What a gem! Adorable ''A'' frame, 3 bed 2 ba, brand new appliances (refrigerator, dishwasher, stove) New wrap-around deck. and a metal roof! Backing a wonderful green belt, wonderful privacy with no one behind you! This home is also NOT IN THE HOA!! You can put up a fence or have a dog run. This is a perfect little getaway cabin!

Photos and more information here: https://www.northernarizonafinehomes.com/property/183243/

See all homes for sale in Continental Country Club

Location

2066 North Fox Hill Road

Car-Dependent

Learn more about Flagstaff

Attractions & Recreation

• Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
• Walnut Canyon National Monument - features prehistoric archaeological sites that are spectacularly located in cliffs and along the rim of Walnut Canyon. 
• 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.

Dining Nearby

Continental Country Club Neighborhood Information 

Homeowners in the Continental Country Club area enjoy the facilities of the two nearby golf courses: Aspen Valley and Continental.  A social membership fee covers the use of the two golf clubs. The Continental Country Club has a fitness center, swimming pool, tennis, and discounted fees for golf. Aspen Valley offers an affordable yet challenging game of golf as well as casual dining at the bar & grill. 

Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see this RARE turn-key comfortable townhome in the desirable Tanglewood Vistas in Continental Country Club or other houses for sale in Flagstaff.

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