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Flagstaff, AZ Real Estate News

By Kelly Broaddus, 100+ Northern AZ Homes Sold in 2021!
(eXp Realty)
See original blogThe Only Stick-Frame Single-Family Home Under $500K in Flagstaff: 1-Acre Timberline Gem Near Trails & Town2 BD | 1 BA | $490,000In today’s competitive Flagstaff real estate market, opportunities under $500,000 are becoming increasingly rare — especially for stick-frame, single-family homes with land. That’s what makes this Timberline property truly exceptional.At the time of listing, this is the only stick-frame built single-family home currently available in Flagstaff under $500K. For buyers seeking long-term value, traditional construction, and room to grow, this home stands alone in today’s market.🏡 A Classic Flagstaff Home on a Full AcreLocated in the heart of Timberline, this cozy 2-bedroom, 1-bath single-family residence offers 874 square feet of comfortable, effi...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
In the last week, there have been 67 new listing in the greater-Flagstaff area. Fifteen homes went under contract and sales closed on 16 homes. This snapshot is according to the database maintained by the Northern Arizona Association of Realtors® Multiple Listing Service and reflects a search for all homes with Flagstaff mailing addresses, whether or not they are in the city limits of Flagstaff. You can see our Featured Listings at our Flagstaff real estate website. One of these, so far, has the Seller Buy-Down offer so aptly explained by Mike Jones in commenting on my last post: Maximum Seller Buyer Down - What Does This Mean?  Thanks Mike! You can also search for every home in Flagstaff on the Northern Arizona Multiple Listing Service by visting our website and clicking on the Search ...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
This week I received a flyer from one of the local Flagstaff lenders with whom I work -- another technique for her to drum up business, I thought. Then I took another look. It was really an old technique for selling homes, but maybe one I'd forgotten about. The strategy, in this marketing pitch, is called Maximum Seller Buy-Down. The details of how this program works aren't really there, nor can I find them on the blog referred in the sales pitch. What I think it means is that the seller pays the buyer's points at closing to reduce the interest rate on the buyer's loan. (I'd appreciate a few comments from our mortgage experts on Active Rain to see if I've got this right.)  This can be a win-win because the seller saves money as compared to an equivalent (to the buyer) price reduction, b...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
There are always too many things for one person to do in Flagstaff during a weekend, but that means that there are things to do to appeal to nearly everyone. Come on up and enjoy summer in the cool mountains of Northern Arizona! One of Flagstaff's great assets is Northern Arizona University and, for theatre lovers, another wonderful asset is the Theatrikos community theatre company. For three weeks this summer, the NAU drama department and Theatrikos have teamed up for a "town and gown" event that you won't want to miss. Stephen Sondheim's A Funny Thing Happened On The Way To The Forum is one of the classic comedy/tragedies of Broadway.  I remember laughing about it way back when, I won't tell how long back. Directed in this production by NAU Professor Robert Yowell, the musical tells t...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
Here's some data on the Flagstaff residential real estate market for the first ten days of July, based on downloads from the Northern Arizona Multiple Listing Service, which contains most, but not all, sales with the greater Flagstaff metropolitan area (Flagstaff and its surrounding unincorporated communities - anything with a Flagstaff mailing address):  Homes Actively for Sale as of 7 a.m. this morning: 1139 New Listings so far in July: 83 Price reductions so far in July: 111 Gone under contract or advanced in the escrow process since 6/30: 32 Sold so far in July: 24 Expired this month: 25 Withdraw or cancelled: 22 What does this mean for your financial and housing needs?  Contact Team Heitland at RE/MAX Peak Properties to find out.  Follow a variety of real estate, mortgage, homeowne...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
One of Flagstaff's newer and well-planned neighborhoods, Ponderosa Trails,  will be holding its annual homeowners' party Saturday night. The annual Ponderosa Trails Barbeque and Movie starts Saturday at 5:30 in Ponderosa Park, 3875 Wild West Trail, Flagstaff, AZ. For details on this Flagstaff neighborhood event, click here: Ponderosa Trails Movie, Barbecue and Potluck in the Park!       If you'd like to buy or sell a home in Ponderosa Trails, contact Team Heitland at RE/MAX Peak Properties. To learn more about Flagstaff's Ponderosa Trails neighborhood, click here: Focus on Flagstaff's Ponderosa Trails Neighborhood
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
There are over 100 entries in the Flagstaff Independence Day Parade -- who they are is a closely guarded secret, but I've uncovered some and have some intelligent guesses based on past experience with the last 15 years of this great Flagstaff event. The parade steps off in downtown Flagstaff at 9 a.m. Since there will be over 10,000 people gathered for the event, I recommend getting there early. Then stay downtown for the First Friday Artwalk -- beginning right after the parade! Here's the info I've put together, including post parade activities: Celebrate Independence Day in Flagstaff
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
One of the things that I stumbled onto a few months ago was participating in surveys directed to real estate agents. If I participate in the survey, they send me the results. Then I can share the info with my clients. It creates a great opportunity to show yourself as a marketing expert. And, you actually learn something about market trends by studying the nearly 100 page survey results that you get each month as an Adobe Acrobat file. Unfortunately, I can't remember how I was first invited to participate in what was then the Bank of American montly survey of real estate agents. It has since been taken over by Credit Suisse. I believe I may have signed up at a convention. If you have the chance, I recommend it. Here is a link to my blog post about the May 2008 Credit Suisse Real Estate ...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
With one of my team members on vacation, it's been a busy week for me. Also, it gave me the opportunity to show homes to a few buyers, which I don't usually do. I had forgotten how much fun that can be (though sometimes it isn't, it was this week). I love introducing new people to Flagstaff because I love Flagstaff. It's been hot in Flagstaff this week, and with more than 14 hours of daylight this weekend, it's going to be really hot during the day (perhaps in the low - 90s -- I know my friends in Phoenix think that's cool....) There are many fun things to do in Flagstaff this weekend, so come on up. I'll be attending a brunch with my friends from the American Association of University Women in the morning and a block party for one of my favorite political candidates tomorrow afternoon....
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
We have a wonderful NPR radio station in Flagstaff, Arizona. This week, I was privileged to attend a small reception with other underwriters and supporters at the station to learn the latest and to celebrate the station's 25th anniversary. (There will be many more celebratory events throughout the year!) I got to chat with some old acquaintences who work for the station and learned of their coverage of an upcoming event that I had already planned to feature in my blog: Internationally-Acclaimed Speaker Friday Night.  As part of the Flagstaff Exchange Club, I spread the word of this important event in our community by annoucing it at our club meeting on Wednesday and sending a link to the my blog post to all the members on Thursday night. I received such postive response that it seemed t...
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By Gregg & Debbie Munson
(Russ Lyon | Sotheby's International Realty Flagstaff AZ)
Would you like to know what's really going on with Flagstaff real estate values? I assume so and for that reason, I'd like to take a minute and offer some facts so that you can make your own decision.  As you know, the press would have you believe that the world of real estate is tumbling down and will continue to do so for some time.  What the press fails to mention is that real estate in some areas of the country is doing fine while in other areas it's not.  Even in Flagstaff, we have a few areas where the values are up and several where the values are down. Overall, the Flagstaff market is weathering the storm quite well-which it historically has.  Enough said.  Let's move on to some facts.  Noted below in the chart is factual data from our local MLS. I have kept it simple but accura...
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By Gregg & Debbie Munson
(Russ Lyon | Sotheby's International Realty Flagstaff AZ)
At the local Russ Lyon office in Flagstaff, we agents are pretty excited about this merger. Russ Lyon Realty has long been known (since 1947) in the Valley, i.e. the Phoenix Metro area, as a premiere player in the luxury real estate market and a company offering superior real estate marketing and services.  Now we have the added benefit of being associated with an international company which is second to none when it comes to state of the art technology, name recognition, and marketing prowess.  Stay tuned for more information and the resulting website changes that Debbie and I will be offering you.  We want to be the best that can be when it comes to clients services. Gregg & Debbie Munson
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By Jim & Terry Tress
(Russ Lyon Sotheby's International Realty)
Jim and Terry Tress, Realtors in Flagstaff, Arizona announce that they are fully prepared to bring the combined marketing expertise of Arizona's new real estate icon, Russ Lyon Sotheby's International Realty to any real estate transaction ... selling property, relocating, purchasing dream vacation homes or that special primary home anywhere in the world. The best choice for experience, honesty, professionalism and integrity is Jim and Terry Tress, Russ Lyon Sotheby's International Realty.
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
Flagstaff Real Estate and Community News records my thoughts for the general public and my clients about living and selling real estate in beautiful Flagstaff, Arizona. Here's last week's collection of blog posts: Regarding the Flagstaff City Elections: Flagstaff Record Turnout Predicted Flagstaff Voters Choose Change and Experience Regarding the Flagstaff real estate market: The market is becoming more competitive for buyers in at least some price categories Now Is the Time to Buy A Flagstaff Home Flagstaff fairs better than many real estate markets - read with caution! Regarding National Real Estate News: Senate Advances Housing Bill About Living in Flagstaff: Memorial Day Weekend in Flagstaff! Some general thoughts (and linking back to Active Rain): Recollections of the Meaning of Me...
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By Jim & Terry Tress
(Russ Lyon Sotheby's International Realty)
 Both Terry and I are very excited and pleased to let everyone know that Russ Lyon Realty Company of Flagstaff, a 61 year old icon in Arizona real estate, and Equitable Sotheby's International Realty, a world leader in luxury home sales, have merged to form Russ Lyon Sotheby's International Realty. We are personally looking forward to bring the combined services of these two giants in the real estate industry to our clients.   Jim and Terry Tress Sotheby's International Realty Affiliates LLC 1 Campus Drive Parsippany, NJ  07054   FOR IMMEDIATE RELEASE      Merger Creates Largest Sotheby's International Realty® Network Member    PARSIPPANY, N.J. (June 4, 2008) - Sotheby's International Realty Affiliates LLC today announced that Equitable Sotheby's International Realty in Scottsdale, Ariz...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
Perhaps I've been a bit too over-confident about my physical fitness this afternoon. I just signed up to walk up the Snow Bowl Road on August 16 in the Flagstaff event "Climb to Conquer Cancer".  Climb to Conquer Cancer is a noncompetitive walk to raise awareness and dollars to fight cancer. Actually, I am excited to announce that I am supporting the American Cancer Society's fight against cancer by participating in this fundraising campaign along with others at RE/MAX Peak Properties. Our team, of course, is called RE/MAX Peak Climbers. Please visit my personal fund-raising web site to learn more about this campaign and to donate to Climb to Conquer.  All contributions support the American Cancer Society's efforts to fund groundbreaking cancer research, provide up-to-date cancer inform...
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
From noon to 4PM on May 31st, Forest Highlands is having a Open House Tour featuring many of the homes that are currently for sale in the community. Four of my homes will be on the tour and you are also welcome to tour the lot I have listed as well.     774 Fred Breen 5 Bedrooms/5.5 Bathrooms6,033 Square Feet 1.02 Acre LotLocated on 10th Fairway of Meadows CourseFor more infornation, click here. Listed for $2,795,000    256 Griffiths Spring3 Bedrooms/4.5 Bathroons4,080 Square Feet.67 Acre LotMount Humphreys ViewsFor more information, click here. Listed for $1,950,000    867 Forest Highlands4 Bedrooms/4.5 Bathrooms4,150 Square Feet.57 Acre LotLocated on the 3rd Fairway of Meadows CourseFor more information, click here. Listed for $1,675,000     222 Forest Highlands4 Bedrooms/4.5 Bathroom...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
OPEN HOUSE When: Saturday, May 31st, 2008 Time: Noon - 4PM Location: 102 Edward Ayer Road                   Forest Highlands                   Flagstaff, AZ 86001   Come see this wonderful home on May 31st. Overlooking the 4th and 5th holes of Forest Highlands' Canyon Course, which is the top-ranked course in Arizona, this home will not disappoint.     Features Include: 5 Bedrooms/ 4 Bathrooms 5,750 Square Feet 4+ Car Garage Built with many "green" features including R-38 Thermo Block, R-6.6 windows, no forced air, VOC-free paints and more. Listed for $2,150,000 For more information about the Open House, directions to Forest Highlands or to learn more about this wonderful home, please contact Heather Tawes Nelson of Realty Executives Mountain View at (602) 751-1675 or visit my website. ...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
I'm new to podcasting -- I just got an ipod at the end of last year. I've only purchased a few things, but there is all sorts of great free stuff. My favorite thing is the ability to time-transfer my favorite National Public Radio programs. I love The Diane Rhem Show! Today, her panel had a great discussion of the gridlock that is blocking the mortgage relief bill. I wanted to share it with my blog readers and I knew there was a way to insert a podcast into my other blog, I just hadn't done it. The difficult part is finding the actual podcast address. I don't think I can describe how to do it well enough to give instructions here, but if you want to try it yourself, the key is fiddling around with the "properties" shown when you right-click on the podcast link. As I get more "expert" at...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
The good news is that blogging brings business. The bad news is that I then have no time for blogging. I've got lots of great ideas, but finding the time to get them on paper (so to speak) and also take care of my 13 listings, 6 closings in May, and still have a life in beautiful Flagstaff has become a problem.By the way, if you're looking for fun in Flagstaff this weekend, here is the link to Flagstaff things to do. (Heritage Square in downtown Flagstaff -- pictured on the right --would be an interesting place to hang out if you found nothing else on that list. There is sure to be music and people-watching, and it's surrounded by great restaurants and shops.)I'm resisting the impluse to hire someone to blog for me because it's my thoughts and expertise that seem to be attracting people...
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By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
My clients read and watch the real estate news closely, but they don't always correctly understand what it means to them. I try to explain what I hear and read regularly in my blog so that it makes sense in the context of the Flagstaff home market. Listening to the national real estate news is a great way to get blogging ideas. I think you need to take the next step and make that national news relevant at the local level.One example is my post this week about New Home Construction Statistics. Mid-week, the U.S. Commerce Department issued first quarter statistics for new home starts and new home building permits. Do you know the difference?  And how the different data is gathered? You can provide that information to your clients by linking to the U.S. Bureau of the Census website. The me...
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