Flagstaff Market Report 08/26/12 Short Sales in Town Flagstafff

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Real Estate Agent with Keller Williams Check Realty 928-600-2765
 
Flagstaff in Shot Sales in town Flagstaff- since last week there were two new short sales in town Flagstaff. That's 2 more shortsale since the previous week. This search is of shortsales put on the market since last Sunday. It includes single family, town homes, manufactured homes and condos in the city of Flagstaff.

These numbers may seem like they are going down, but Flagstaff hasn't been hit as hard as other areas, so this has been pretty consistent.

In all of Flagstaff and surrounding areas there are 894 active homes for sale, of those 44 are short sales and 53 are foreclosures, these numbers are higher than last week, but still very low compared to "normal" inventory.

Flagstaff is surrounded by National Forest, which insulates our prices some because there is a limit to the supply of homes here, we are also about a 25% second home market, which helps keep our prices higher than the National average. In 2011, almost 61% of homes sold were regular equity sales (non-foreclosure, non-short sale), so most of our sales are regular equity sales.

 

Address City Map Bd Bth SqFt LotSz Year   Date $/SqFt DOM Orig Price List Price  
  3409 S Carol Dr Flagstaff   4 2.50 2398 7405 1996   08/23/12 131.36 3 315,000 315,000  
  6141 E Abineau Canyo Flagstaff   4 2.50 3275 0.320 2000   08/20/12 140.15 6 459,000 459,000  
   
  Listing Count 2 Averages 2,837   135.76 4 387,000 387,000

A snapshot of the current market and of the homes that have sold in the last 6 months:

 flagstaff market update
 

Most of the homes (47%) have been on the market more than 120 days. There is a lot of competition in the market right now. To sell your home in the quickest amount of time, you need to be competative with the other listings. That means, price your home according to the market, put your best foot forward by having your home show as well as it can, and hire a competative real estate agent who will market your home effectively, so you can get the exposure you need.

 
 
 
 
 
 
 

This information was pulled from the Northern Arizona Multiple Listing Service 08/26/12.

If you are interested in more information on a Flagstaff foreclosures or interested in other good deals available on themarket right now, I'd be honored to be "your first step into your new home".

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Flagstaff Real EstateFlagstaff Real EstateFor more information on buying and selling homes in Flagstaff, Arizona I would be happy to make your transition easier and more efficient!

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Sylvie Stuart

Home Buying, Home Selling and Investment - Flagstaff, AZ
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