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Flagstaff Real Estate TrendsIt 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 ConditionsIn 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. Click here to download last month's 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 — still significantly higher than in years prior to 2005. Average Days on the Market for Single Family Homes in Northern Arizona
Homes took a few weeks longer to sell in 2009 than they did in 2008. Number of Single Family Homes Sold by Year in Northern Arizona
The number of single family homes sold in 2009 was somewhat higher than in 2008. A total of 883 homes sold in 2009. |
“Mary Monday and her team are the best-period!!”—JG “You were a pleasure to do business with... honest and very knowledgeable about the business.” —MS |
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