Flagstaff in Shot Sales in Surrounding areas - since last week there were no new short sales in the Flagstaff surrounding areas. That's one shortsale since the previous week. This search is of foreclosures 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 907 active homes for sale, of those 41 are short sales and 61 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.
This information was pulled from the Northern Arizona Multiple Listing Service 08/12/12.
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".
For more information on buying and selling homes in Flagstaff, Arizona I would be happy to make your transition easier and more efficient!