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
Russ Lyon Sotheby’s International Realty
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
Preparing for an Active New Year in Real Estate
Flagstaff’s real estate future is forecast to be as vibrant as 2020, if not more so, in 2021 and 2022. According to Dr. Lawrence Yun, chief economist and senior vice president of research with the National Association of Realtors, of the Top 10 prospective markets in post-COVID 2021 and 2022, Phoenix tops the list, with a whopping 10% increase in population for 2021. Close behind are Austin, Charlotte, Atlanta, Houston, Denver and Nashville. Dr. Yun also notes that nationally in 2020, our … [Read more...] about Preparing for an Active New Year in Real Estate
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
