October housing sales in the greater Flagstaff region hit its highest level in 10 years!
This year is all about breaking last year's sales. There were 102 houses sold in October up 13% from a year ago. Prices were also up with the median sale price being $327,850 an 11% increase from last October. The average price paid per-square-foot was $166. Distressed sales continued to decline as did the overall inventory. There were only 7 foreclosures in October down from 10 a year ago. Mortgage rates remained steady at 3.75% for a 30 year fixed rate with 25% down.
What is selling?
Properties in the $200K - $300K price range still sold quickest over the last six months. Higher priced homes sold more this year bringing up the average sales price. Flagstaff homes in the $ 1 000 000 and above price range stayed longer on the market pulling the average days on market (DOM) up to 135 days, up 5% vs last month.
Flagstaff Real Estate Report Summary
The median sale price in November for homes in the Greater Flagstaff region is $327,850.
The median sales price increased by 11% from the previous month.
The price per square foot for sales in this area is $166.
Find Homes for Sale in Flagstaff AZ
Sales are expected to slow down for the Holidays. 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. Make sure you are not overpaying for a home by having your agent do a thorough market analysis before making an offer.
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.
Visit my website to search for homes in Flagstaff or to be notified when Flagstaff homes come on the market.
To find out what you home is worth in the current market email me or call 888-446-5602.
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