April 2022

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INSIDE THE APRIL 2022 ISSUE: Babbitt Ranches Protecting Eagles p. 3 Businesses Support Red Rock Trails p. 8 Colleen Biggs Empowers Women to Lead p. 10

Housing Market Expected to Remain Strong for Years Lack of inventory driving demand, cities seeking housing solutions

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By Bonnie Stevens, FBN

rizona’s real estate market remains “ridiculously hot,” says Arizona Association of REALTORS President Gary Nelson. “We are seeing tremendous increases in home values in the last two years, increasing

about 25% year over year in localized markets and about a 12% to 13% peryear increase in median home prices.” A lack of inventory, Millennials and investors are playing a huge role in the home-buying frenzy, say the experts, especially in scenic tourism destinations.

Flagstaff, Sedona, Prescott and parts of Scottsdale are experiencing the biggest spike in the cost of homes, says Nelson, a longtime realtor and delegated-associate broker with Realty Executives in Flagstaff. He describes a typical real estate scenario like this: “A property recently listed in Flagstaff was built in 1975. It was a three bedroom, two bath, two-car garage, single level house, nicely updated, 1,740-square-

We have the resources to attract, retain, and expand your business in Flagstaff.

feet. It comes on the market at $650,000. There were 11 showings and seven offers, with bidding up over $800,000.” Better Homes and Gardens Real Estate Bloomtree Realty CEO Nick Malouff has similar stories. He says Hillcrest, inside Forest Trails on the west side of Prescott, was built and sold two years ago in the high $600,000s. Continued on page 43

Hybrid, Electric Vehicles Growing in Popularity By Stan Bindell, FBN

The Toyota RAV4 is the best-selling hybrid in the country featured here with Findlay Toyota Flagstaff Internet Sales Consultant Jordan Smith, Sales and Leasing Consultant Joe “Jotini” Gray and electric vehicle shoppers Ellen and Tom Grabarek. Photo by V. Ronnie Tierney, Fresh Focuses Photography

April 2022 | Issue 4 Volume 15

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ith the high price of gasoline, sales for hybrid vehicles are increasing at Findlay Toyota in both Flagstaff and Prescott. Flagstaff residents Tom and Ellen Grabarek are among those making the transition from gas-powered cars. “I was hoping to buy a hybrid when I turned 70,” said Ellen. “But that wouldn’t be for another year and a half, so we decided to go ahead and get one now.”

Hydroponic Gardening Gains Ground p. 12 Students Put Construction Skills to Work p. 15 Indoor Facility Keeps Golfers in Top Form p. 17

The couple purchased the 2022 Toyota RAV4 hybrid SUV, which Findlay Toyota Flagstaff Sales and Leasing Consultant Joe “Jotini” Gray says is the country’s best-seller. “It’s a great combination of all-wheel drive and mileage and has been incredibly popular everywhere. It’s a very versatile car, especially in the snow and on Forest Service roads, so it’s perfect for Flagstaff. The Toyota RAV4 Hybrid crosses every demographic, including young families, and there’s even room for Continued on page 36

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