Summer is almost at an end, and fall is just around the corner! As you enjoy the closing
days of Summer it is a good time for the home-improvement projects you have been planning all year. 

Here's our update on Flagstaff real estate in August. Flagstaff home sales have continued at a steady pace from June and July. A total of 541 contracts have closed in the last 6 months with an average sold price of $337,461 and 118 days on market.
What is Selling?
Homes with prices in the $200 to $300 range contains the highest number of sold listings. Properties in the $300K - $400K price range have sold quickest over the last six months.
Market Trends
                            March       August          Sept
Ave sold price         $250k       $365,080      $350,529
The Median home price for Flagstaff real estate is up vs March 2013 figures. It’s a seller’s market in these price  ranges: $100,000 up to $400,000.That means that these properties do not stay long on the market. Active listings (properties for sale) have been on the market for an average of 137 days.

September is typically a better month for closings in Flagstaff than August, so  expect this pace to continue in spite of rising interest rates. Of primary concern, especially to buyers, have been mortgage rates. They have however settled in at the 4.25% level for a 30 year fixed, calming down a lot of nervous buyers and sellers too. We may see a slowdown in October, and almost certainly will in November as is typical of the season. 
To buy or sell any Flagstaff home, please contact us: The Kelly Broaddus Real Estate Team Re/Max Fine Living

See what our real estate clients have to say about working with us on our Testimonials section.

 For a full Market Report Go Here

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