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Head up the hill on Fox Hill for the reward of this home at the top! This wonderful Flagstaff Country Club home backs up to state land offering you open space with trails all the way to Walnut Canyon. The home is newer than most of its Country Club neighbors and is a single-level beauty. The large patio and full windows of the great room and master and guest bedrooms offer a peaceful forest-like view.

All the essential living space in this Flagstaff home is on one level, including a great room, formal dining room, office. The huge master suite is on one side of the home and has its own exit to the patio. The other bedrooms are found on the opposite side of the main floor. There is a nice bonus room upstairs which you can use for recreation, work or even as a bedroom. That's a perfect spot to plant the teenagers or pop a skylight or two into the already light-filled room and you’ll have that artist’s studio you’ve always dreamed of. 

Brand new carpet, appliances and much more make this Flagstaff home move-in ready. The great room, including living area and kitchen, features a soaring ceiling, a kitchen with breakfast bar and a generous eating area, which is adjacent to one of the patio exits. The flowing, one-level, floor plan gives a smooth transition to foyer, office and formal dining room. You’ll find muted, custom tile accents throughout the main floor.

Depending on how you want to use the rooms, there are four or five bedrooms in this Flagstaff home. For those who need offices at home, this house offers plenty of space for two home offices. The lovely master suite features a large bedroom with fireplace and a bathroom with garden tub, separate shower, private commode, and walk-in closet.

Fabulous neighborhood amenities, which, for a miniscule annual fee, include two swimming pools (one just for the kids), tennis courts, exercise equipment, and more. Full Membership in Continental Country Club is extended to homeowners within Continental Country Club's HOA.

Don’t just do a drive-by on this great Flagstaff home at 2002 N. Fox Hill.

Call Ann Heitland at RE/MAX Peak Properties to see this Flagstaff home "live." 928.714.0001

National Association of Realtor^® economist Lawrence Yun called the organization’s home sales results for July a “pause” and predicted the “pause” would last at least through September. Single-family home sales dropped 27.1% to a seasonally- adjusted annual rate of 3.37 million in July from a pace of 4.62 million in June, and were 25.6% below the 4.53 million level in July 2009.

The median existing single-family home price was $183,400 in July, which is almost 1% above a year ago. Meanwhile, the supply of homes relative to sales skyrocketed. That spells lower prices in the coming months.

The last time existing home sales were so few in any single month was May 1995 when the sales rate was 3.34 million and I was last trying to sell a personal home. That sale took a year – I was stubborn seller and didn’t listen to my real estate agent about where the market was going. Read the full press release from the National Association of Realtors® here.

Distressed property sales accounted for nearly the same number of sales in July as in June – 32% and 31% respectively. That’s unchanged from a year ago, when distressed home sales were 31% of all sales. Count of that to remain unchanged a year from now as banks trickle out their inventory of foreclosures.

Here are some graphic illustrations of where the national home sales market is, thanks to Reuters News Service:

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

My Flagstaff Back Yard at Dawn

I’m just back from a six-day vacation and the Flagstaff real estate market seems to be heating up as the Flagstaff weather cools down. Two offers have arrived on my Flagstaff home listings this week and showings on nearly all the listings have increased.

I’ve seen Flagstaff mortgage broker rate sheets with interest rates for 30-year fixed rates at 4.25%. Mortgage rates are below 4% on 15 and 20-year home loan programs. No wonder buyers are coming out in droves! (Well, at least they are coming out in pairs.)

Yesterday morning I attended a very informative Northern Arizona Association of Realtors^® breakfast meeting. The state association lawyer spoke briefly, providing updates on current issues related to transactions – and especially short sales.

Then three representatives from Coconino County brought us up-to-date on the flood problems in Timberline, Fernwood and Doney Park. County Manager Steve Peru brought a great map and explained that the County and U.S. Forest Service are making an all out effort to alleviate future flooding following the Schultz Fire burn earlier this summer. County Assessor Christine Mazon provided information about re-assessment of properties that have been damaged by the flooding – I’ll be doing a separate blog post about this soon. County Supervisor Mandy Metzger, whose district includes the flooded areas of Doney Park, spoke about the status of efforts to obtain Federal Emergency Management Agency assistance (not likely because the flooding hasn’t left standing water of twelve inches in any homes) and further assistance from the U.S. Forest Service. A team of scientists and engineers is soon to arrive in Flagstaff to study the area and make recommendations. We’re all looking forward to the day we can think of these areas as some of the most beautiful spots to live in Northern Arizona – just as we have for years.

To buy or sell any Flagstaff home, please contact me:

Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

Here's a townhome in the much-sought-after Oak Park Manor Townhome Complex in Flagstaff. Real estate investors take note: your property will be right across the street from Flagstaff Medical Center, a few blocks from downtown, and an even shorter distance from the US Geological Survey (USGS) and Northern Arizona Center for Emerging Techologies.  You can offer your tenants a fabulous view of the San Francisco Peaks. (Maybe you'll just want to keep it as your Flagstaff second home?) Folks love these townhomes for their location and for the spacious floor plan featuring vaulted ceilings and skylights.

This Oak Manor unit is special because it has a large, fenced yard – many of the Oak Manor townhomes have only decks or much smaller yards. This one has low-maintenance, natural landscaping. An additional special feature of this particular Flagstaff townhome is the view – I’m told that it is the only home in the Oak Manor complex where the San Francisco Peaks can be viewed from inside. Indeed, the mountains appear like a framed picture in the window of the living and dining rooms and they are also seen spectacularly from the front deck. This is an end-unit so it has lots of natural light!

You’ll love the high-quality carpet as well as the laminate flooring in this Flagstaff townhome. The master suite features a skylight in the bath, a walk-in closet and its own private deck. This entire unit is in excellent condition. Two-car garage plus exterior guest parking. Furnishings are available to the buyer.

Don’t miss this opportunity to be in the heart of north-end Flagstaff activity in one of Flagstaff’s best townhome complexes. The best value in the area!

For your personal showing, give me a call: 928-714-0001.

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To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

There is no other way to say it: July was a dismal month for Flagstaff real estate sales. Home sales volume was down 25% from a year ago.The median price of single-family-homes sold in Flagstaff in July was off 6.3% from a year ago. Over 27% of the Flagstaff homes sales in July 2010 were distressed properties (bank-owned or short sales).

The good news is that there are a significant number of Flagstaff homes under contract to sell and if all of them closed in August (an unlikely event), the number of homes sold in August would be more than twice the number sold in July. In July, fifty-five single-family-homes sold in Flagstaff. (My Flagstaff home sales numbers differ from those reported in the Arizona Daily Sun because of differences in how we define “Flagstaff” home sales. I include rural metro homes but only homes with "Flagstaff" in their address. All numbers are based on reports to the Northern Arizona multiple-listing-service and may not include all sales in the market area.)

The even better news for buyers is that home loan rates are staying at record lows. Combined with lower prices than we’ve seen for Flagstaff homes for years, the home affordability picture for Flagstaff has changed dramatically.

Here is the home price and inventory breakdown for Flagstaff home sales (single-family only) based on July 2010 sales:

Clearly, most of the fifty-five homes sold were in the lower price ranges. But would-be Flagstaff buyers are not celebrating very hard because the market in those lower home price ranges is not a buyers’ market. The power of buyers vs. sellers in the lower price ranges is quite balanced. (The National Association of Realtors^® assumes 6-months’ supply of homes for sale in any real estate market is “balanced.”)

Of course, buyers in the lower price ranges can turn to a Flagstaff townhome, where they will find over 15-months’ worth of townhomes for sale. The median price of Flagstaff townhome sales in July was $255,000 – no great bargain homes! Flagstaff condo sales volume was steady as compared with June, and with a year ago. Prices for Flagstaff condos are down only slightly from the original apartment-to-condo conversion prices.

In sum, pressure continues to build on Flagstaff home prices. The question is, when are sellers going to yell "uncle" -- or maybe they won't and we'll be at this low sales level for the next 4 years?

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To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Flagstaff Home for Sale

This home offers a rare opportunity for a larger, four-bedroom home in Coconino Estates. You’ll find it on one of the most-desired streets in this popular Flagstaff neighborhood. Best of all, this home has been occupied by the same family since the builder turned it over to them in the early 1970s. The "bones" of the home are solid and the location can't be better in Flagstaff. So, if you've been waiting for the price reduction, wait no more -- it happened today!

This home has features of a new home, including brand new energy-efficient windows and sliding patio door! There are two furnaces which separately regulate comfort upstairs and down -- each installed new in recent years. The hot water heater is nearly new as are the kitchen appliances. Even the sewer line is been redone. Only the surface looks dated and at this new price you can fix that to your taste in a jiffy!

The floor plan offers plenty of space, including both a living room and a well-separated family room, plus an office. The home has a large, eat-in kitchen, and also a formal dining room. Four bedrooms, 2.5 baths and a laundry room with sink complete the roominess of this wonderful home. Pocket doors separate kitchen from dining room and family room so one part of the family won't disrupt the other's fun.

The front yard is beautiful and traditional while the backyard is all Flagstaff - a place for adventure among rocks, pines and native grasses. There is even a fenced area to play with the dog.

For those who want to be in the heart of Flagstaff’s northwest side residential area, this is the home!

Get more photos and details on the property by clicking here and call me now to learn more:

I'm just downloading the statistics for July home sales in Flagstaff and the picture is not pretty. For those who like to follow Flagstaff home prices, you'll be pleased because the median home price was stable -- even slightly up.

The ugly news behind that is that there were many fewer sales in July than in June. And there were fewer sales in July 2010 than in July 2009. Meanwhile the inventory of homes for sale remained stable -- in other words, the absorption rate shot up.

More details here on July home sales in Flagstaff within the week. Meanwhile, hold onto your hats, the Flagstaff home price reductions have already begun: Daily Market Snapshot for Northern Arizona real estate.

Meanwhile, the National Association of Realtors^® today released its monthly report on pending home sales as an aggregate of reports from hundreds of MLS services around the country. The index reached a new low (the index is only a decade old). Flagstaff home sales data often does not track the national data, but for what it's worth, here's what the NAR chief economist had to say: “There could be a couple of additional months of slow home-sales activity before picking up later in the year, provided the job market continues to improve,” he said. “Over the short term, inventory will look high relative to home sales. However, since home prices have come down to fundamentally justifiable levels, there isn’t likely to be any meaningful change to national home values."  Let's see if I can say something that optimistic about Flagstaff real estate later this week.

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.

Fabulous Kitchen in Flagstaff Home!

The kitchen remodel in this Flagstaff home is fabulous! And, so is the rest of the home. Location, location: Close to the most sought-after trails in Flagstaff and nearly equidistant from downtown Flagstaff and the Flagstaff Mall.

Among the many wonderful features you’ll find inside this Flagstaff home:

·         Lovely and highly functional cabinetry

·         Jenn Air convection/microwave oven in stainless to match other new applicances

·         Wood-burning fireplace with glass front offers romantic ambiance with energy-efficiency

·         Wood-burning stove with slate-tile hearth – double-down on that last feature!

·         Two vanities in master bath and plenty of closet space

·         Fenced back and side yard

·         Vaulted ceiling

·         New, energy-efficient windows

This four-bedroom Flagstaff home is priced to sell in this great buyers’ market.

Don’t miss this opportunity: See all the details of this featured Flagstaff home as listed in the Northern Arizona MLS.