Eric Davis
Jessica Garard
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Dave Lembke
Ian Martin

The Elite Team at RE/MAX Peak Properties
123 W. Birch Ave. Suite 105
Flagstaff, AZ 86001
Phone: 928 714-0001
Email: info@bestflagstaffhomes.com

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Flagstaff Homes Blog: Flagstaff home sales

Monthly Flagstaff Homes Sales Report – December 2018 Flagstaff Homes Sales

December 2018 saw a major decline in homes sales when compared to December one year ago. There were 57 homes sold this past December falling well below the 80 sold in December 2017. While these are interesting numbers, when you look at the number of pending home sales it shows a different market. There are currently 105 pending single family homes. December was definitely a slow month for the Flagstaff market but it appears the activity has picked up for the first part of 2019. 

There were 16 condos sold and only 7 townhomes sold in December.   

Nationally, home sales in December were down 10.3% from a year ago. See the press release from National Association of REALTORS® Chief Economist Lawrence Yun. Keep an eye out for our Quarterly newsletter where we break down the quarterly sales and also look at the yearly changes in the market since 2005.

Single Family Flagstaff Home Sales -  December 2018

NOTE: ACR = ACTIVE CONTINGENCY REMOVAL, PBK = PENDING TAKING BACKUP. THE DATA REPORTED HERE ARE BASED ON HOME SALES IN THE FLAGSTAFF METRO AREA (THE CITY OF FLAGSTAFF AND IMMEDIATELY SURROUNDING COUNTY AREAS) AS REPORTED IN THE MULTIPLE-LISTING-SERVICE MAINTAINED BY THE NORTHERN ARIZONA ASSOCIATION OF REALTORS.® THE DATA MAY NOT REFLECT ALL SALES (BUT IT SURELY REFLECTS MOST OF THEM).

To buy or sell a Flagstaff home, you need more than the general advice in this blog.  That is where we can help. Contact The Elite Team at RE/MAX Peak Properties – Give us a call at 928-714-0001 or send an email to info@bestflagstaffhomes.com for experienced, professional advice on purchasing or selling a home in Flagstaff.

Monthly Flagstaff Homes Sales Report – January 2018 Flagstaff Homes Sales

Flagstaff showed strong sales numbers for January 2018. There was a total of 64 homes sales last month.  This is way up from the 39 sales that occurred in January 2017. We are continuing to feel the squeeze of the low inventory just like the rest of the country. There is a supply of less than 2.5 months in the $400,000 and under price range. The median sales price for single family homes in Flagstaff last month was $395,000 with an average price per square foot of $204.47.

There were 7 condo sales and 14 townhomes in January.  This is much lower than last month, but only because there have not been many condos or townhomes hitting the market the last couple of months.

We have not seen a slow down during our winter months this year. Buyers are on the hunt trying to get into the market before interest rates begin to rise.

Single Family Flagstaff Home Sales – January 2018

NOTE: ACR = ACTIVE CONTINGENCY REMOVAL, PBK = PENDING TAKING BACKUP. THE DATA REPORTED HERE ARE BASED ON HOME SALES IN THE FLAGSTAFF METRO AREA (THE CITY OF FLAGSTAFF AND IMMEDIATELY SURROUNDING COUNTY AREAS) AS REPORTED IN THE MULTIPLE-LISTING-SERVICE MAINTAINED BY THE NORTHERN ARIZONA ASSOCIATION OF REALTORS.® THE DATA MAY NOT REFLECT ALL SALES (BUT IT SURELY REFLECTS MOST OF THEM).

To buy or sell a Flagstaff home, you need more than the general advice in this blog.  That is where we can help. Contact The Elite Team at RE/MAX Peak Properties – Give us a call at 928-714-0001 or send an email to info@bestflagstaffhomes.com for experienced, professional advice on purchasing or selling a home in Flagstaff.

Monthly Flagstaff Home Sales Report - November '13

Flagstaff Home Sales Chart by Price Range

The Flagstaff homes market for November reflects the solid gains for 2013.

 

Home sales in the greater Flagstaff area (including Fort Valley, Kachina Village, Doney Park, Timberline and other 

“suburban” Flagstaff neighborhoods) were only slightly stronger last month than in November 2012 (one home more sold, to be exact, for a total of 59 sales). My conclusion is still that the Flagstaff home sales market is solidly recovered and on its way to a strong 2014. It’ll be quite a while before we seen 2007 prices, but we’re even less likely to see 2012 home prices.

The median Flagstaff home price from November to November skyrocketed 27% to $310,000 from $243,600

 last November. Remember, the median price is simply the price where half the homes sold were above that price and half were below. So, take a look at the chart showing particular price ranges to get an idea of the number of Flagstaff homes are available in a variety price ranges.

Supply of Flagstaff homes for sale is also significantly higher than it was going into last winter, which is good for 

Flagstaff buyers, and still not bad at all for would-be Flagstaff home sellers. Whenever we have a ratio sold homes to those actively for sales which is less than six months, real estate economists deem it a sellers’ market. As you can see, it’s a sellers’ market in Flagstaff for homes priced (appropriately) under $500,000.

An interesting group of just eleven Flagstaff townhomes sold last month. I say interesting because the median price was only $220,000 (down significantly from the month before), but the range of those eleven sales was $165,000 to $945,000. Not your typical 1600 sq. foot, 3 bedroom, 2 bath collection of Flagstaff townhomes!

 

Monthly Flagstaff Home Sales Report - October '13

The median price for Flagstaff single-family-home sales held steady in October, rising to $306,000 – just $1000 higher than September.

Flagstaff Home Sales By Price Range

Volume was also steady; at 69 homes sales that’s down slightly from September, but 5 units higher than one-year ago in October. Inventory remains tight so it’s a definite seller’s market in the lower price ranges.

Flagstaff’s townhome median price in October was $316,000, with 12 units sold. It’s also a seller’s market for Flagstaff townhomes, but less dramatically so than in the lower-price ranges on Flagstaff single-family homes.

Learn more about the national and Flagstaff real estate markets by following Ann Heitland's Flagstaff Real Estate Blog

 

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