Munds Park, Arizona. Est 1876. Munds Park is a small rural neighborhood located about 20 miles south of Flagstaff and 125 miles North of Phoenix. The year round population is less than 2,000 people as it has been a popular second home destination for many years. It
Throughout the pandemic, Arizona considered real estate practices “essential businesses,” and for good reason. Buying or selling a home is a vital part of life for many. Whether you’re selling to relocate for a new career opportunity, or needing to buy because of a growing family, the real estate market is constantly active, even through the toughest of situations. When selling your home, especially in the current environment, the first step is finding a great agent to help facilitate the intricacies of maneuvering through a transaction during a pandemic. Luckily for you, if you’re reading this, you’ve already found one! The Elite Team is always here to help with whatever your specific situation requires!
Looking at the trends in pending home sales in the Flagstaff area you will see a sharp increase compared to the previous month. The Flagstaff market has over a 50% increase in pending homes sales for the Flagstaff area. As of June 3rd, there were 218 single family homes pending, compared to 139 in May. This is quite astounding considering the total number of homes active in our market for all price ranges is only 180. We went back to look at the pending home sales as reported on June 25th in 2019 and there were 219 pending sales. We are essentially in the same position as we were just under one year ago.
We at the Elite Team find we are often asked a wide range of questions from our buyers and sellers so we thought we would put together a list of some of those questions along with our answers. We hope this will be helpful for you, don’t hesitate to reach out if you have specific questions of your own. What inspections are necessary, when to sell, assessed value and more!
With more than 100 years of combined real estate experience, the Elite Team at RE/MAX Peak Properties includes some of the best REALTOR®s in Flagstaff. The Elite Team is composed of 7 full-time agents who love what they do and truly care about their clients, not just commissions. The Elite Team is not only a “professional, personable, knowledgeable” (Kelly L.) team of REALTOR®s with experience in both residential and commercial real estate (as well as luxury homes and property management), they are a business built on relationships, making a point to support their clients before, during, and after any real estate transaction.
There are a lot of things to consider when purchasing a home. One of the most important is the type of home you will buy. The three types of homes that this article will focus on are single-family homes, townhomes or condos. There are positives and negatives to each type of property and a good real estate agent can help a buyer make the right decision for them. In Flagstaff, AZ there are lots of these different types of properties for buyers to choose from. Location, budget, maintenance are all just a few things to think about when deciding about these different types of properties.
Though there are lots of things to love about Flagstaff (like our distinct four seasons, diverse opportunities for outdoor recreation, or tight-knit community), perhaps one of our favorite things about our beautiful mountain town is that even in a relatively small city of 70,000 people, there is such a wide variety of neighborhoods to settle down in, each with its own distinct personality and unique features and amenities. A diverse population, set of landscapes, and multi-faceted local culture means that no matter who you are or what you’re looking for, Flagstaff probably is the perfect spot for you to call home.
Who hasn’t dreamed about it? A little place just to yourself, tucked away in a forest, on a mountain, or on the shore of a lake -- a vacation home. A place not only to call home but something more than home. A place that’s always there, just for you, ready at all times to act as a respite from the stressors of everyday life. A place solely for rest, relaxation, and recreation (that other all-important “r”). A place for weekend trips, fishing or hunting trips, holiday trips, or even to stay in all summer long.
With the quarantine in place, we shifted our primary focus to pending home sales to show what, if any, change we would see in the Flagstaff housing market. Because the average length of escrow for a home to sell can take 30-60 days it is hard to judge any immediate changes to our market by watching the sold homes. Pending homes sales are properties that a Buyer and Seller have mutually agreed upon the terms of a purchase contract. This is a much more immediate action in the market to allow us to evaluate the strengths/weaknesses of our market in the coming months. Not all homes that are pending close and are counted as sales. In any market, some pending contracts cancel during the inspection period, appraisal issues, or general loan qualification process.
Find out what's happened in Flagstaff's real estate market over the 1st quarter of 2020! In our quarterly newsletter, we share real estate trends and more!