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Single family home sales in the Flagstaff area for December 2016 were up slightly over December 2015.  There were 65 single family homes sales compared to 63 sales in 2015.  Buyers held confident through the election, rise in interest rates, and lack of inventory as 2016 came to an end.  As we enter 2017 Flagstaff home sales look to remain strong.  We continue to struggle with inventory levels but have new opportunities coming via new home sales.  Builders Capstone and Miramonte moved onto the next phase in Presidio, and Johnson Ranch in Doney Park will start taking lot reservations soon.

The median price for single family homes sales in the Flagstaff area for December dropped to $350,000 compared to $365,000 in November.

10 Condos were sold in the Flagstaff area in December and 22 townhomes.

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

Single Family Flagstaff Home Sales – December 2016

december-graph

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.