Flagstaff area single family homes sales came in strong for November with 63 sales. This was just off last November’s 69 sales. The hottest markets continue to be in all ranges under $500,000 and we anticipate a continued hot market as we head into 2018. Limited inventory will continue into the new year and will keep sellers encouraged with higher prices. Buyers in this market need to act quickly or they will miss out on the limited opportunities.
There were 5 condos and 20 townhomes sold in November. Limited condo and townhome listings will keep the sales down in the first quarter of 2018.
While there were some concerns about what the new tax laws might bring to the real estate world, it appears the short-term impact on the housing market in our area will be minimal. Interest rates remain historically low and we have new higher loan limits for 2018.
We will be publishing our 4th quarter newsletter at the end of January and will break down the Flagstaff sales for 2017 and our thoughts for 2018.
Single Family Flagstaff Home Sales – November 2017
NOTE: ACR = ACTIVE CONTINGENCY REMOVAL, PBK = PENDING TAKING BACKUP. THE DATA REPORTED HERE ARE BASED ON HOME SALES IN THE FLAGSTAFF METRO AREA (THE CITY OF FLAGSTAFF AND IMMEDIATELY SURROUNDING COUNTY AREAS) 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 firstname.lastname@example.org for experienced, professional advice on purchasing or selling a home in Flagstaff.