192624 Resource 178435 178982 178982 1197862704007 1198338854611 Controlled Flagstaff Market Update

What’s happening in the Flagstaff residential real estate market in mid-December 2007?

For December 1- December 15, this is what the real estate market looks like in Flagstaff, according to statistics available from the Northern Arizona Association of Realtors® Multiple Listing Service: <table class="MsoTableGrid" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN: auto auto auto 53.4pt; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0pt 5.4pt 0pt 5.4pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-yfti-tbllook: 480" cellspacing="0" cellpadding="0" border="1"><tbody><tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: red; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt" valign="top" width="450">Homes actively for sale (as of December 15)</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt" valign="top" width="80">867</td></tr><tr style="mso-yfti-irow: 1"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Under contract with non-standard contingencies</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">2</td></tr><tr style="mso-yfti-irow: 2"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Pending with standard contingencies</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">65</td></tr><tr style="mso-yfti-irow: 3"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Pending with all contingencies removed</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">29</td></tr><tr style="mso-yfti-irow: 4"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Sold</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">21</td></tr><tr style="mso-yfti-irow: 5"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #33cccc; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Withdrawn</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">36</td></tr><tr style="mso-yfti-irow: 6"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #33cccc; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Expired</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">29</td></tr><tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #33cccc; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Cancelled</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">23</td></tr></tbody></table>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 (867) Green = bought (117) Blue = rejected by the market (88)In summary, Flagstaff homes are selling. If you were to ask, “How’s the real estate market?” I would be likely to ask you which market you mean. Looking at the overall Flagstaff market makes better sense than looking at national aggregate numbers, but if you are serious about knowing how the market will effect your decision to buy or sell, you need to learn about sub-markets that apply to your concerns. When we are advising our real estate clients about the Flagstaff market, we “drill down” to submarkets including single family homes, townhomes, condos, and homes in particular size-ranges, price ranges and subdivisions. What the market is depends on who is asking and why.Here’s the picture for single family homes priced at $500,000 or less: <table class="MsoTableGrid" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN: auto auto auto 53.4pt; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0pt 5.4pt 0pt 5.4pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-yfti-tbllook: 480" cellspacing="0" cellpadding="0" border="1"><tbody><tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: red; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt" valign="top" width="450">Homes actively for sale (as of August 16)</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt" valign="top" width="80">299</td></tr><tr style="mso-yfti-irow: 1"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Under contract with non-standard contingencies</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">1</td></tr><tr style="mso-yfti-irow: 2"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Pending with standard contingencies</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">39</td></tr><tr style="mso-yfti-irow: 3"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Pending with all contingencies removed</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">6</td></tr><tr style="mso-yfti-irow: 4"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #99cc00; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Sold</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">13</td></tr><tr style="mso-yfti-irow: 5"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #33cccc; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Withdrawn</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">6</td></tr><tr style="mso-yfti-irow: 6"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #33cccc; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Expired</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">10</td></tr><tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes"><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; BACKGROUND: #33cccc; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 1pt solid; WIDTH: 270pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="450">Cancelled</td><td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #ece9d8; WIDTH: 48pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" width="80">6</td></tr></tbody></table>Red = owners fishing for buyers (299) Green = bought (59) Blue = rejected by the market (22)This market looks a little different, doesn’t it?  Indeed, the statistics for the overall Flagstaff market make it appear to be a strong buyers’ market, but for single family homes priced under $500,000, the market is much more neutral – buyers don’t have much more bargaining power than sellers do. For professional, educated, and experienced advice about the Flagstaff market that matters to you, call the local real estate agents who are part of <a href="http://www.bestflagstaffhomes.com/bin/web/real_estate/AR49005/EXTRA2/Flagstaff/1197692322.html">Team Heitland at RE/MAX Peak Properties</a> or start by visiting <a title="Our Flagstaff real estate website" href="http://bestflagstaffhomes.com/" target="_blank">our Flagstaff real estate website</a>.Here are some other market reports:<a title="November 2007 Flagstaff real estate market" href="http://blog.bestflagstaffhomes.com/public/blog/191647" target="_blank">November Flagstaff Real Estate Market Report</a><a title="3d Quarter 2007 Flagstaff market report" href="http://blog.bestflagstaffhomes.com/public/blog/185992" target="_blank">Third Quarter Flagstaff Real Estate Market Report</a> 10 application/xml false Demember 2007 real estate market in Flagstaff Flagstaff real estate agent market report Flagstaff real estate market Flagstaff real estate market news market report Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland 12.206.28.77 false true false false true 178975 false false true false false false true 178435 blog blogsite/BestFlagstaffHomes/web