Flagstaff Market Report 10/29/12 Forclosures in the Surrounding Areas

By
Real Estate Agent with Keller Williams Check Realty 928-600-2765

 

 
Flagstaff Forclosures in Town - since last week there were 3 new forclosures in the surrounding areas.  This search is of forclosures put on the market since last Sunday. It includes single family, town homes, manufactured homes and condos in the surrounding area 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 752 active homes for sale, of those 35 are short sales and 62 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.

Active  
  Address City Map Bd Bth SqFt LotSz Year   Date $/SqFt DOM Orig Price List Price  
  57 Pine Del Dr Flagstaff   2 1 1227 0.367 ac 1961     10/23/12 139.53 5 171,200 171,200  
  3785 S Brush Arbor Flagstaff   3 2 1714 1698 sf 2004     10/23/12 109.25 5 187,250 187,250  
     
  1076 W Morse Ave Williams   2 1 982 7400 sf 1999     10/22/12 73.55 6 72,225 72,225  
  Listing Count 3 Averages 1,308   107.44 5 143,558 143,558  
    High 187,250 Low 72,225 Median 171,200
  Property Type Count 3 Property Type Avgs 1,308   107.44 5 143,558 143,558  

 

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 competitive 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 competitive 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 10/29/12.

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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