“Going forward this year, the level of price appreciation will likely be nowhere near what we witnessed in 2013,” says Stuart Gabriel, director of the Ziman Center for Real Estate at the University of California, Los Angeles. My thoughts about Flagstaff real estate, exactly. We will see price gains, but not at the rate we did in 2013.
For now, we continue to have a supply-demand imbalance that favors Flagstaff home sellers. That’s likely to fade in the spring as homeowners who have been waiting for the kind of price rise we saw in 2013 put their homes on the market. In addition, new homes are being built which will come on line in 2014 and even more in 2015.
2014 is likely, in hindsight, to have been a good year to sell a home.
Full article: This is the year to sell your home – MarketWatch.
Related: Latest Flagstaff Homes Market Report
