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
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
Why Communication is Essential in the Real Estate Process
We’ve all heard the saying, “No news is good news,” right? Well, not necessarily in the real estate process. While not hearing anything could be deemed as everything is moving along smoothly, it could also mean there are critical dates and deadlines being missed. There should be one person at the helm of the entire escrow/transaction process and typically, that person should be your licensed real estate professional. A lot of companies will enlist the help of a licensed transaction … [Read more...] about Why Communication is Essential in the Real Estate Process
Offering Flagstaff Real Estate Advice in a Busy Market
When the world is filled with uncertainty in these unprecedented times, it can be scary to decide what actions to take that will make sense in the future. Luckily, there is a world of experts who can guide us for all matters in real estate in the midst of these choppy waters. The COVID-19 crisis is a massive tragedy and will change the world as we know it. As with all things, however, this too shall pass. We are resilient and hopefully will adjust to our new world the best we can. Our nation, … [Read more...] about Offering Flagstaff Real Estate Advice in a Busy Market
Considering Your Annual Real Estate Review
Well, it is January of 2020, the start of a new year and a new decade. This is the time of the year when many of us assess and reset our personal and financial goals as well as make plans for the year to come. We all know that if you own a home, it is likely the largest single asset in your financial portfolio. But, many of us don’t have a clear picture of what that asset is worth, the local market conditions affecting it or how understanding these things may help us to achieve our 2020 goals. … [Read more...] about Considering Your Annual Real Estate Review
Russ Lyon Names Bret Lamberson as Office Sales Manager in Flagstaff
Russ Lyon Sotheby’s International Realty — Arizona’s leader in luxury real estate — is pleased to announce Bret Lamberson has been named Office Sales Manager for the Flagstaff Office. Lamberson has more than 14 years of experience in real estate in the state of Arizona. He began his time with the company in 2005 as a Real Estate Sales Associate. He continued work with Russ Lyon Sotheby’s International Realty through 2016 while he obtained a juris doctor degree at Golden Gate University … [Read more...] about Russ Lyon Names Bret Lamberson as Office Sales Manager in Flagstaff
Why Communication is Essential in the Real Estate Process
We’ve all heard the saying, “No news is good news,” right? Well, not necessarily in the real estate process. While not hearing anything could be deemed as everything is moving along smoothly, it could also mean there are critical dates and deadlines being missed. There should be one person at the helm of the entire escrow/transaction process and typically, that person should be your licensed real estate professional. A lot of companies will enlist the help of a licensed transaction … [Read more...] about Why Communication is Essential in the Real Estate Process