Flagstaff Home Prices
What's up with the Flagstaff real estate market? Housing sales in the greater Flagstaff region continued to show strong year-over-year gains. Once again both sales and prices were up big. We have seen listing price increases month on month on homes for sale in Flagstaff. I'm expecting a slowdown this holiday season since most people would be busy with holiday preparations. If you are considering buying a home you can still find deals on a house in Flagstaff but having a good real estate agent who understands the market is a must. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Flagstaff home on which you are making an offer.
Flagstaff Home Sales November 2014
There were a total of 84 sales which is up 15% from last year and the highest amount since November of 2005. Of these, only 7 were distressed sales down from 8 a year ago. Four years ago, in November of 2010, there was a total of 26. The distressed sales segment of the market has really shrunk. This November the average price paid per-square-foot was $182 up 18% from a year ago and the highest level since November of 08. Mortgage rates continued to remain low.
If you are interested in how much current inventory is on the market in Flagstaff you can find that information by clicking on the link.
Flagstaff Real Estate Report Summary
The median sales price in November for a house in Flagstaff is $325K. The sales prices increased by 9% from the previous year.
The price per square foot for sales in this area is $182.
The current mortgage rate for a 30 year fixed with no points and with 25% down is 3.625%
Find Homes for Sale in Flagstaff AZ
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