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Below you will find the sales for single family homes in the Flagstaff area for August 2016.  The market saw a total of 94 homes sold during the month, down from 103 sales during August 2015.  There were 43 sales in the $300,000-$400,000 range.  With less than a two month’s supply, we continue to struggle with inventory levels under $400,0000.  Any sellers contemplating selling TAKE NOTE!  For the sales in August, the average sales price compared to the Original list price was 96%.  Sellers are coming very close to hitting their original list price.

The median price for single family homes sales in August was $375,900 up from $367,450 in July.

Flagstaff townhome sales soared in August 2016 with 45, and there were an impressive 28 condo sales.

For an in-depth look at the current market conditions please see the graph below.

Single Family Flagstaff Home Sales – August 2016

sales-aug

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 info@bestflagstaffhomes.com for experienced, professional advice on purchasing or selling a home in Flagstaff.