As we welcome 2022 and excitedly look toward the future, there is knowledge that 2021 represented a year of extraordinary significance in real estate from every standpoint. Although no one has a crystal ball accurate enough to predict where real estate will go during the upcoming year, there are some inklings from our recent historic trends that can help shed some light on the distinct probability of where we are headed. Bring your sunglasses, the future of real estate in Flagstaff looks … [Read more...] about An Epic Year in Review for Real Estate and a Bright Future
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What Realtors Want
You may see real estate sales professionals with a different perspective than mine, particularly if you are not one yourself. You may see our local Flagstaff realtors as salespersons you can call for information and prices for listed properties around town, or maybe show you a house or two, and even write an offer on your behalf. After all, how hard could it be? After 90 hours of pre-licensing, you take a state and local test and BAM- you are a realtor. I know, because that’s what I thought too, … [Read more...] about What Realtors Want
Record Setting Summer Real Estate Market Turns to Fall Without Cooling
In these unprecedented times, the real estate market in Flagstaff is at an all-time high from just about every metric we can measure. The 2021 summer season was sizzling, with the average price per square foot of a single-family (detached) home crossing the threshold from $292 per square foot to $307 per square foot from March to April of this year. This was a historic first foray into the $300s and it has continued to climb each month since. In August, the price per square foot soared to $336 … [Read more...] about Record Setting Summer Real Estate Market Turns to Fall Without Cooling
How Recent Shifts Impacted the Local Real Estate Market
If you could wave a magic wand and live anywhere, where would that be? For me, that answer took the trip off the tongue every time to Flagstaff. My first time in Arizona was for the 1995 Big Sky Conference Indoor Championships in Flagstaff. Bozeman was getting a foot of snow as we skated off the runway bound for the meet. Two hours later, I hopped off the plane in Phoenix with the rest of my over-dressed, vitamin D-deprived teammates, into a balmy 78 degrees. We took a pit stop on the way … [Read more...] about How Recent Shifts Impacted the Local Real Estate Market
The Last Large Parcel of Private Land in Northern Arizona Goes into Escrow
One of the largest privately owned parcels of land in the cool pines of Northern Arizona is currently in escrow and scheduled to close this year. Located in Williams, just 30 minutes from Flagstaff in Coconino County, the 500 acres are owned by Valley entrepreneur Max Biegert, who spent 85 million to develop and build the Grand Canyon Railway and Hotel in the late 80’s. He is selling the land to developers to make way for a new mini master planned community that would include custom homes as … [Read more...] about The Last Large Parcel of Private Land in Northern Arizona Goes into Escrow
What Does It Mean When a Realtor has an SRES Designation?
Let’s face it, not all buyers and sellers are alike. A Senior Real Estate Specialist (SRES) is a certified real estate agent who has received additional training that may be helpful in navigating real estate options and challenges for seniors 50 and over. This certification is under the umbrella of the National Association of Realtors, and the SRES designation is attained by those realtors who want to better meet the needs of those buyers and sellers close to or in retirement. Just as you … [Read more...] about What Does It Mean When a Realtor has an SRES Designation?
Office Space Momentum Anticipated in the New Year
There is no doubt, COVID-19 has had a colossal impact on how and where we do business. Now, as we usher in the new year with a massive rollout of vaccines, Americans are optimistic about an end to our “new normal,” healing for an exhausted healthcare industry and recovery for an ailing economy. However, economists and business owners predict the pandemic’s after-effects will linger on. Some of those impacts may affect lawyers, accountants, insurance agents, realtors, stockbrokers and other … [Read more...] about Office Space Momentum Anticipated in the New Year
Real Estate Market Maintaining Momentum in the New Year
Staying strong since last June, the housing market on the local, state and national level has risen to a 14-year high, despite the pandemic, economic uncertainty and a difficult presidential election. Even during historically slow periods, like the holiday season, homebuyers are quickly purchasing the few homes listed for sale. The shortage of housing inventory and extremely low interest rates have driven the hyperactive real estate market, says long-time realtor Gary Nelson, who heads the … [Read more...] about Real Estate Market Maintaining Momentum in the New Year
Hot Sauce Entrepreneur Pours Himself into Real Estate
Tangy condiments and Mexican food specialties don’t necessarily mix with real estate, but for one Flagstaff realtor, the combination makes the perfect blend. After achieving great success with his popular hot sauce, tortillas and tamales, local entrepreneur and owner of RisingHy and Tortilla Lady, Michael Konefal has added realtor to his resume. “I’ve always had a passion for real estate,” said Konefal, an agent with Russ Lyon Sotheby’s International Realty. “My best friend’s mom was a … [Read more...] about Hot Sauce Entrepreneur Pours Himself into Real Estate
Exploring the Post-Pandemic World of Real Estate
Now that you are working and schooling in your Flagstaff home, are you thinking of making a couple of improvements? Welcome to our post-pandemic world of real estate! According to the National Association of Realtors, what we envision for 2020-2021 pandemic and post-pandemic homes may not surprise you. Nationally, the most popular improvements are focused on making our homes a sanctuary for safely staying in place, working, teaching/learning, fitness and entertaining, all in one house! In … [Read more...] about Exploring the Post-Pandemic World of Real Estate
