Excerpt from:  Flagstaff Real Estate and Community News
.
August 18, 2007

Flagstaff Market Report at Mid-August 2007

Here is what's happening with Flagstaff home sales as of mid-August, plus some recent Flagstaff market reports


For August 1- August 15, this is what the market looks like in Flagstaff according to statistics available from the Northern Arizona Association of Realtors® Multiple Listing Service:

 

Homes actively for sale (as of August 16)

972

Under contract with non-standard contingencies

5

Pending with standard contingencies

48

Pending with all contingencies removed

10

Sold

53

Withdrawn

12

Expired

33

Cancelled

44

These numbers are for all residences with Flagstaff mailing addresses, whether inside the city limits of Flagstaff or in the immediately surrounding unincorporated areas of Coconino County – what is generally thought of as the Flagstaff metropolitan area.

 Here’s my color-coding key:

 Red = owners fishing for buyers (972)

Green = bought (116)

Blue = rejected by the market (89)

 

In summary, Flagstaff homes are selling in spite of what you may conclude from the radio and newspaper reports about real estate sales. In the past 30 days, 136 homes successfully closed. However, with 972 homes actively for sale, this means that fewer than one in seven homes for sale are likely to sell in the next month – and that is assuming that no new homes come on the market to compete with what is already there. If you want to sell, you need to position your home with the three factors that can make a difference (1) price, (2) appearance, (3) expert marketing.  

Here are some other recent real estate market reports: 

by Ann Heitland
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