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38 single family homes sold the first month of 2017, compared to 47 sold in January of 2016.  While sales are down compared to January 2016 , it is important to note there are currently 113 single family homes currently under contract.  Although some may fall out of contract, we anticipate more sold homes in the coming months.

Low inventory levels continue to strain the market and push the sales price.  The median price for single family homes sales in the Flagstaff area for January 2017 came in at $376,500 compared to $350,000 in December.  The average sales price for single family homes for January was $426,215 and the averages price per square foot was $194.87.

In the Flagstaff area in January there were 7 condos and 12 townhomes sold.

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

Single Family Flagstaff Home Sales – January 2017

sales-jan17

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