4517 W. Laskin Trail is a Skip Osborne custom home with split floor plan and quality throughout. Current owners average less than $20/month electric bill, compliments of the highly efficient solar system. Tankless hot water heater and ceiling radiant heat keep the natural gas bill low as well. The oversized 2 car garage has plenty of room for your cars and toys. As a bonus the garden/yoga room will seal the deal. Take a look at the virtual tour or call now for your private showing.
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
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).
1713 E Mountain View Avenue Flagstaff, AZ. | MLS# 162442
We had multiple offers in the first 24 hours of listing this Flagstaff home, which is now under contract and on its way to new ownership for one happy buyer. When you see a beauty like this Flagstaff home listed, it’s already too late to start hiring a Realtor® and getting your ducks in a row with a lender.
Compared with a year ago, Flagstaff home sales were down nearly 6% in October – but that’s only a difference of four homes. Prices were stable compared with one year ago. The shocking difference is the level of inventory – down 35% at the beginning of November 2012 from the beginning of November 2011. Last year, there were 448 Flagstaff single-family homes on the market at the beginning of the winter season. This year there were just 292 homes at the same time.
That’s shifted the Flagstaff real estate market from a buyer’s market to a seller’s market. New listings and reported sales since the beginning of the month haven’t changed that picture. Today, for example, we have one new listing on the market and eleven new contracts and five sales.
Comparing this month’s chart (on the right) to last month’s, we can see that the inventory squeeze is moving up in price ranges. At this rate, instead of stable prices, I’ll be reporting rising prices. October’s median Flagstaff home price was $322,320, which is up from one year ago when it was $320,136. Get on board!
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).