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Flagstaff Real Estate Trends

It pays to be educated about the local real estate market. These graphs and explanations provide some insight into current and past conditions.

Synopsis of Current Flagstaff Real Estate Conditions

In general, homes in northern Arizona are taking 3-4 months to sell, but overall sales increased slightly in 2009. Prices continued to drop in 2009. The good news for buyers is that the days of multiple, competing offers are gone.

Click here to download last month's MLS statistics, in PDF format.
Click here to download the last quarter MLS statistics, in PDF format.
Click here to download last years MLS statistics, in PDF format.

Average Sales Price for Single Family Homes Sold in Northern Arizona

The average sales price for a single family home increased from about $180,000 in 1999 to $420,000 in 2006 and then began to drop in 2007. The average sales price in 2009 dropped to $338,452.

Average Days on the Market for Single Family Homes in Northern Arizona

The average days on market for single family homes increased to 140 in 2009, up from 126 days in 2008.

Number of Single Family Homes Sold by Year in Northern Arizona

More single family homes sold in 2009 (883) than in 2008 (817). Buyers are still enjoying access to a larger inventory of properties than they had several years ago.

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“I will recommend the Mary Monday Team to people I know.  I know they will work hard to find the perfect place.”—LH