We experienced a rather large dip in the total number of home sales in Flagstaff in April of 2016 (73) compared to 2015 (88). With absolute certainty, this can be attributed to the inventory available to sell in the $300,000 and under price range. Simply put, we do not have enough homes to sell to prospective buyers in this price range. There are currently 15 single family homes active on the MLS in the $200,000-$300,000 range. In April of last year there were 31 sales in this same price range. Any sellers on the fence in this price range should strongly consider getting their home on the market ASAP (we know, a broken record). The median price for single family homes in April came in at $392,981 up from $376,229 in March 2016.
The townhome market in Flagstaff had 13 properties change ownership and there are 35 townhomes currently on the market in all price ranges. The Flagstaff Condo market is also strong with 11 selling in April and another 27 in a pending status.
See the numbers below for April 2016.
Single Family Flagstaff Home Sales – April 2016
NOTE: THE DATA REPORTED HERE ARE BASED ON HOME SALES IN THE FLAGSTAFF METRO AREA (THE CITY OF FLAGSTAFF AND IMMEDIATELY SURROUNDING COUNTY AREAS THAT HAVE FLAGSTAFF MAILING ADDRESSES) 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. Contact The Elite Team at RE/MAX Peak Properties – Give us a call at 928-714-0001 or send an email to firstname.lastname@example.org for experienced, professional advice on purchasing or selling a home in Flagstaff.