We saw another month of growth in September 2017 in most price ranges. The largest amount of growth was in the $300,000-$500,000 price ranges with 73 sales in September 2017 compared to 60 in August 2017. This is significantly up compared to September 2016 where we saw 51 homes sales in the $300,000-$500,000 price ranges. Continuing the trend, our supply of inventory is very limited up to the $500,000 mark. We anticipate sales and inventory to slow in the next few months due to historical statistics for this time of year. There are a good number of Pending-Taking Backup (which means the home has an offer on it but is still in the escrow period and waiting to close out) in September which should show us some good sales numbers next month.
The average sales price for a single family home in Flagstaff for September 2017 was $454,589 which is about $10,000 less than the previous month. The median sales price went up a bit to $410,000. The average sales price per square foot was $208.30.
In Flagstaff we saw 11 condo sales and only 22 townhome sales. The townhome sales are down quite a bit compared to last month. This is due, however, to the lack of inventory. Most townhomes are priced in the price range that is selling so if there were more on the market we would see more sales.
See the numbers below for September 2017.
Single Family Flagstaff Home Sales – September 2017
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.