Realty Executives of Northern Arizona

Serving Northern Arizona since 1977

Realty Executives of Northern Arizona

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Protect Your Belongings With a Home Inventory

(Published on - 12/19/2024 3:56:41 PM)


December Newsletter with Dervla O'Leary

(Published on - 12/5/2024 5:36:44 PM)

DERVLA O'LEARY REALTOR®

928-856-2724

DERVLA.OLEARY@REALTYEXECUTIVES.COM

15 E. CHERRY AVENUE, FLAGSTAFF, 86001

Thank you for being here!

I am never too busy for you or your referrals!

FLAGSTAFF SNAPSHOT UPDATE

As the holidays approach, the Flagstaff market, which usually slows down, has been unusually active! With changes in interest rates and the election, we've seen a surprising amount of movement for this time of year. Sellers are seizing the moment to close deals before winter, while savvy buyers are taking advantage of motivated sellers to find great opportunities. If you've been considering making a move, now might be the perfect time!

 

For buyers, especially first-time buyers, there’s good news: the number of homes on the market is growing. With a 4.24-month supply of inventory, you have more options to choose from than this time last year, thanks to a 32% increase in available homes. Homes are selling in about 41 days on average, so while there’s time to explore, it’s wise to move quickly when you find the right fit. And while sellers are receiving close to their asking price (98% on average), there’s still room for strategic offers and negotiations.

 

For sellers, the market remains steady and strong. With buyers taking action and homes moving relatively quickly, pricing your home right is key to attracting serious offers. The median sold price in Flagstaff is $755,000, reflecting the value and appeal of our market.

 

Whether you’re buying your first home or selling to take your next step, I’m here to guide you through the process and make it as smooth as possible. Let’s turn these market insights into a plan that works for you. Have questions? Reach out anytime - I’d love to help!

LETTER FROM SANTA!

This holiday season, I’m spreading extra cheer in Northern Arizona with free personalized Letters from Santa Claus! Each letter includes an official “Nice List” certificate, perfect for displaying by the tree. Whether it’s for your kids, grandkids, a friend, neighbor, coworker, or anyone in need of a little holiday magic, these letters are a delightful way to make the season brighter.

 

Sign-ups are open until December 12th, so there’s plenty of time to ensure these special deliveries arrive before Christmas. Thank you for your support in 2024 and let's make this holiday season extra magical! 

CLICK HERE FOR A LETTER FROM SANTA!

DECEMBER FLOOR TIME

I am available for questions or real estate discussions at our downtown office, 15 E. Cherry Street (corner of Cherry and San Francisco) during the following times in December without needing an appointment, either in person or by phone:

 

  • Thursday, December 5th: 9AM - 1PM
  • Thursday, December 12th: 9AM - 1PM
  • Thursday, December 19th: 9AM - 1PM

 

 

Feel free to reach out anytime, but these hours are set aside for casual, drop-in conversations. Looking forward to helping you!

DECEMBER IN DOWNTOWN FLAGSTAFF

CLICK HERE FOR MORE INFORMATION!

Flagstaff Adventures: Buffalo Park

(Published on - 11/21/2024 6:51:13 PM)

Buffalo Park in Flagstaff, AZ, was created on land that was once part of a privately owned buffalo ranch in the 1960s. The park is located on McMillan Mesa, a high, flat-topped volcanic plateau offering sweeping views of the surrounding mountains, including the San Francisco Peaks.

Origin and History:

  • Buffalo Ranch Era: In the 1960s, the area where Buffalo Park now stands was used as a ranch for American bison, or buffalo, which were a tourist attraction. Visitors would come to see the buffalo in a natural, open setting. However, the ranch struggled to remain viable as a commercial venture.
  • Transition to a Public Park: Eventually, the buffalo were removed, and in the late 1960s, the city of Flagstaff acquired the land and transformed it into a public park. The city's vision was to create a space where people could enjoy the natural beauty of Flagstaff's high desert and ponderosa pine forest, along with recreational opportunities.
  • Development as a Park: Over the years, the city has maintained the park as a natural area with minimal development, emphasizing outdoor recreation such as walking, jogging, and bird watching. The park's trails are unpaved, maintaining the rugged and natural feel of the mesa.

Features of Buffalo Park:

  • The Loop Trail: A popular 2-mile loop trail circles the park, offering panoramic views of the surrounding landscape, including Mount Elden and the San Francisco Peaks. The trail is flat and accessible, making it popular with walkers, runners, and cyclists.
  • Wildlife: The park is home to a variety of wildlife, including mule deer, birds of prey, and smaller mammals. The open space and natural vegetation provide excellent opportunities for wildlife observation.
  • McMillan Mesa: Buffalo Park is part of the larger McMillan Mesa, a geological feature formed by volcanic activity. The flat terrain is the result of ancient lava flows that shaped the landscape of northern Arizona. The mesa provides excellent vantage points for viewing the surrounding mountains and the expansive pine forests.
  • Open Space: One of the defining features of Buffalo Park is its wide-open space, which offers visitors the chance to experience the vastness of the Northern Arizona landscape. This openness, combined with the big skies and mountain views, makes it a popular spot for photography and quiet reflection.

Today’s Buffalo Park:

Today, Buffalo Park is a treasured outdoor space for locals and visitors alike, offering a serene place to connect with nature while being close to the city. It’s part of Flagstaff’s extensive urban trail system (FUTS), making it easily accessible for hikers, runners, and cyclists from different parts of the city.

Buffalo Park is just one of many beautiful trails and hiking areas around Flagstaff. When you are ready to buy or sell in Northern Arizona, come by our office, or give us a call! We have an agent onsite Monday through Saturday.


What is a CLUE Report or History Loss Statement?

(Published on - 11/14/2024 5:31:19 PM)

What is a CLUE Report or History Loss Statement?

A CLUE report, generated by LexisNexis (a consumer reporting agency that maintains a large database of consumer claims submitted by insurance companies) details homeowners insurance claims made on a property within the past seven years. Insurance companies use these reports to help determine the cost of homeowners insurance based on the property’s claims history, among other criteria.

Why Should Homebuyers Care About CLUE Reports?

CLUE reports can reveal potential problems with a property, such as water damage, foundation issues, or mold. Knowing about these past issues can help you anticipate future maintenance needs and potential insurance costs. For instance, multiple claims for water damage might suggest recurring issues that could lead to mold, which might increase your homeowners insurance premiums.

 

What Information is Included in a CLUE Report?

A CLUE report includes the homeowner’s name, personal details, policy number, date of claims, types of loss, and the amounts paid by the insurance company for each claim. It may also contain general information about insurance providers and the nature of the claims.

How to Access a CLUE Report

Homeowners can obtain a copy of their property’s CLUE report for free once every 12 months, thanks to the Fair Credit Reporting Act. They can request this report from LexisNexis by calling 1-866-312-8076 or visiting www.consumer.risk.lexisnexis.com.

As a buyer, you cannot directly access a CLUE report for a property you’re interested in. However, you can ask the seller to provide it or make your offer contingent on receiving a satisfactory CLUE report. Additionally, when you apply for homeowners insurance, the insurance company will pull a CLUE report on the property so you will know about the claims history.

Come see us when you are looking to buy or sell in Northern Arizona!

 


Early History of Flagstaff Part 3 of 4: A Tale of Two Towns

(Published on - 10/31/2024 3:32:27 PM)

Nestled at 7,000 feet near the base of the San Francisco Peaks, Flagstaff reigns as the mountain jewel in the crown of the desert state of Arizona. It beckons with its clear air, cool pine forests, and proximity to historic and natural attractions. Flagstaff is a region settled by varied cultures and built by strong men and women pioneers that made this city what it is today.

A Tale of Two Towns

Old Town Flagstaff, circa 1884

In 1883, the railroad decided to move their depot about a jalf mile east of the Flagstaff settlement so their trains didn't have to start up on the steep hillside. One of the local merchants, P.J. Brannen, saw this as an opportunity and decided to move his mercantile across from the depot. Others followed, building a strop of shops, saloons, and hotels along what became knows as Front Street. As a result, Flagstaff became two settlements: the original site called Old Town, and the site near the depot named New Town.

Old Town had water, but New Town had commerce and soon outgrew the older settlement. In 1884, a devastating fire burned down many of Old Town's buildings and New Town became the one and only Flagstaff. Its center was the intersection of Front and San Francisco Streets. Later Front Street would be called Railroad Avenue, but in 1926, the road became part of Route 66 and was renamed Santa Fe Avenue. In 1993, the road was renamed for the historic Route 66, and it continues to be a major thoroughfare of the city.

By the early 1890s, the young town of FLagstaff had reached a population of 1,500 and had become one of the largest towns in the territory. It had a well developed business district and homes were being built throughout the area. The inhabitants realized that the town would soon be too big to continue without some kind of formal organization.

 

Stay tuned for the final chapter: Part 4, Flagstaff Finds Success in Incorporation!

 

And when you are looking for information on the housing market around Flagstaff,

Come see us on Cherry Avenue, in historic downtown!


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