The numbers from April are showing us that the Flagstaff real estate market continues to grow strong. With 83 single family homes selling last month, we went up from 76 in March and 58 from April of 2017. We are not seeing any signs of a slow down, and we continue to feel the pressure of rising prices. There is only a month’s supply of single family homes under $400,000, and no current single family homes under the $200,000 range. We broke the $400,000 mark with the median home price which was $414,000 in April.
There are still some homes to be found in the lower price ranges, but buyers may have to open their options to townhomes, condos and manufactured homes. These prices are rising too, however. The median price for a manufactured home in Flagstaff in April was $263,000.
With a market like this it is important to hire a trained professional to guide you. The Elite Team is always here to help! Call Jessica, Eric and Sara if you are considering selling or buying. We are three full-time agents that can help you navigate through this exciting Flagstaff real estate market.
See the graph below for April’s numbers!
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 [email protected] for experienced, professional advice on purchasing or selling a home in Flagstaff.