Flagstaff Prices Are Falling! (A Bit) (Maybe)
By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
Flagstaff Real Estate Market ReportThe median sales price moved up slightly, from $293,000 to $307,000. (These numbers include all types of units - single family, townhomes, condos and manufactured homes.) Wait! Didn't I just say that prices are falling? Yes, the median price of homes sold rose in June compared to May, but the price per square foot is down. In other words, people are getting larger homes for the price they paid last month and last year for comparably smaller homes. Right now, the market signals are pretty confusing, so this post to explain what I see in the Flagstaff market is fairly long. According to statistics of the Northern Arizona Association of Realtors®, the number of homes for sale in the Flagstaff market has continued to rise - breaking the 1000 mark ...
Comments
6