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Eric Davis
Jessica Garard
Sara Holloway

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: REMAX Elite Team

Monthly Flagstaff Homes Sales Report – August 2018 Flagstaff Homes Sales

For the second straight month, single family homes sales volume in the Flagstaff area has declined when compared to a year ago. There were 91 homes sold in August of this year, down from the 105 sold in August 2017. Affordability continues be a struggle for buyers as homes values and interest rates continue to rise. Add the limited inventory levels into the mix and it makes sense why sales are slowing.

Nationwide the housing market is very similar. The National Association of REALTOR®s released the statistics for August. Overall sales are down 1.5% from a year ago. The monthly sales report from NAR gives an insight into the national trends. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased to 4.55 percent in August from 4.53 percent in July. The average commitment rate for all of 2017 was 3.99 percent.

Interesting times and we will continue to keep an eye on the numbers. See below for the Flagstaff area sales.

Single Family Flagstaff Home Sales – August 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.

Great New Price on a Great Home in Ponderosa Trails

You won’t want to miss this meticulously maintained 3 bedroom, 3 bathroom Ponderosa Trails home. 870 W Lil Ben has just been lowered to $425,000. Close to the FUTS trail system and Mountain Charter School.

The main level office/den could easily be 4th bedroom. The large, open kitchen with updated island has plenty of cabinets for storage and ceramic tile. The master bedroom has a private bath and two walk in closets. A Jack-n-Jill bathroom sits between the two other bedrooms. The covered front porch is a perfect place to enjoy your morning coffee/tea. The large backyard is an open canvas. Roof was just replaced (8/2018). Priced to sell. Contact Us now for your private showing!

Just Listed Walnut Hills Condo!

This 2 bedroom, 2 bathroom condo is an end unit and offers great privacy on both decks. It has been well cared for and is ready for a new buyer. Warm up by the fire in the open living room and serve your friends and family at the breakfast bar. Both bedrooms are a good size and have nice storage. The master has its own private deck. There is a large deck off the living room that is surrounded by trees giving a great feel for privacy. This is a great full time or part time residence. You will also get to enjoy all of the amenities that Continental Country Club has to offer. At $239,000 this one will be gone in a hurry!

For more details and photos click here.

Monthly Flagstaff Homes Sales Report – July 2018 Flagstaff Homes Sales

We have some interesting numbers to share for single family homes sales in the Flagstaff area for July. There were 87 single family home sales in July, down from 109 in July of 2017. The 87 sales were also well below the 123 sales we had in June of this year. We will keep a close eye on the numbers in the coming months. One month does not constitute a change in the market but we are very interested in seeing how the rest of the years plays out. The National Association of REALTOR®s has not yet released the national statistics for July, but we will share that information when they do. Inventory levels are still historically low. We have broken down sales and inventory numbers by prices points in the spreadsheet below.

There were 18 condos sales for July compared to 12 for last year and 30 townhomes compared 34 in July 2017.

Check out the numbers below for our local Flagstaff area market in July.

Single Family Flagstaff Home Sales – July 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 – June 2018 Flagstaff Homes Sales

Flagstaff home sales showed no signs of slowing down during the month of June. There were 123 single family homes sold during the month. We continue to struggle with inventory levels, causing prices to rise. The median sales price for single family homes for the month of June was $403,000.

We will have our quarterly newsletter out soon and have additional numbers to share. Additionally, here  is a video of Lawrence Yun, chief economist at the National Association of REALTOR®s discussing the national housing market.  Nationally sales prices are up and total sales are down. Limited inventory continues to drive prices up.

Take a look at the numbers below for our local Flagstaff area market.

Single Family Flagstaff Home Sales – June 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.

Price Reduced on Great Horse Property

Sellers have reduced the price of 5945 Luepp Road to $455,000 and are offering a credit to have the exterior painted! Check out this great home with so many possibilities! If you are a horse enthusiast, or just want to have a great home on acreage click here for all the details. Our team would love to show you this home or answer any questions you have about Flagstaff Real Estate.

Cute and Spacious Greenlaw Home for only $339,000 !

2803 N Patterson Boulevard is one of the cutest and most updated homes in Greenlaw!! Listed at $339,000, this 4 bedroom, 2 bathroom home does not disappoint. The living area has a nice, open feel with a very efficient wood stove. There is lots of counter space in the kitchen and a built in desk with tons of storage built in. The master is large with a HUGE walk in closet. Attached to the home is a large storage area that can be used as a workshop. A large, covered patio and another covered area in the backyard help with all of your outdoor entertaining. The front yard is nicely landscaped with low maintenance landscaping. There are two very large side yards for RV Parking or extra storage. Check out the virtual tour and more photos by clicking here.

Contact us  to view this Flagstaff, Arizona home before it is gone. And, remember, we are your trusted source for Flagstaff real estate!

 

 

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