December 2017 was a very strong month for single family homes sales. There were 78 single family home sales for the month. This is up sharply from the 65 sales in December 2016. The common theme of low inventory levels remains, with no signs of change. Much of the country is feeling the same stress caused by low inventory. This is good news for Flagstaff home sellers as this continues to push prices upward. Buyers are feeling anxious about rising prices and limited homes to pursue, especially $400,000 and under. We do not see any indications of a change in tempo for the market as we head into 2018.
There were 15 condo sales and 31 townhomes in December.
Keep an eye out for our year end newsletter coming out the end of the January where we will break down the Flagstaff housing market for 2017 and give our opinion of the 2018 market.
Single Family Flagstaff Home Sales – December 2017
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.