The last two years have been hard for buyers, to say the least. Reports of a buyer making an offer on more than 10 properties before they were finally successful were not unusual, nor was being beat out in situations where eight, 12, 15 offers were being made on the same house. Low inventory was primarily to blame for this and, in the first quarter of this year, concerns about anticipated interest rate hikes may have further fueled the red-hot seller’s market. Waiving contingencies such as … [Read more...] about Real Estate Inventory Rising
Amber Welsch
Strong Short-Term Rental Market Expected to Continue
The short-term rental market in Flagstaff is big business as families take more vacations to areas they can easily drive to and where they can spend time in nature. The adventure travelers also find what they’re looking for in Flagstaff’s biking, climbing, running and skiing scenes. Whether traveling here for the first time or fifth time, vacationers love to stay in short-term vacation rentals (STRs) in neighborhoods that enhance the local feel of their stay. Many Flagstaff neighborhoods have … [Read more...] about Strong Short-Term Rental Market Expected to Continue
Short-Term Rental Properties Remain in Demand
Everyone is well aware of the explosion of short-term (vacation) rentals over the last five years, and our cozy mountain town of Flagstaff has been no exception. Despite local controversy over allowing and regulating short-term rentals, Flagstaff Airbnb, VRBO and HomeAway properties have continued to expand. In fact, owners have seen consistent occupancy rates following the initial early COVID-19 March/April lull and have expressed surprise at the robust market. A short search of the vacation … [Read more...] about Short-Term Rental Properties Remain in Demand
