Annual Flagstaff Real Estate Market Report

200994 Resource 178435 178982 178982 1207241336251 1207252043886 Controlled Flagstaff Real Estate Market Report

Absorption Rate for Flagstaff Single-Family-Residences at Highest Level

March 2008 resembled November 2007 in many of the statistics for Flagstaff homes, including median and average prices and days on the market. In the way that counts most – the number of sales -- March was much worse than the first months of 2008 for those actively trying to sell. Simply put, the volume of sales was down. Moreover, because fewer homes were offered for sale during the winter months, the reliable Law of Supply and Demand brought November’s low prices up for December, January and February, in spite of declining sales volume. By April 1, however, the number of Flagstaff single-family homes for sale according to the Northern Arizona Association of Realtors,® had crept back up to 632, creating over 19-months’ supply of homes on the market. Median and average prices dropped back to November levels. The median price for sales of single-family homes with Flagstaff mailing addresses during March 2008 was $345,000. All of this portends another year of much of same in Flagstaff real estate.For those of you following <a href="public/blog/178438">the mortgage news channel</a> in this blog, you know that March was a turbulent month for the home loan market. This, no doubt, suppressed buyer demand. Buyers are likely to have a clearer view of their options in coming months and may be more willing to buy, especially if they see prices leveling out as summer demand picks up. Anecdotal reports from Phoenix real estate agents indicate that the Phoenix area market is improving. My educated guess is that the Flagstaff real estate market will lag Phoenix by several months.Meanwhile, the value of doing business with RE/MAX Peak Properties has never been more evident as our company’s market share continues to climb, making us number one in Flagstaff real estate sales for the first quarter of 2008. <a title="Team Heitland at RE/MAX Peak Properties" href="http://www.bestflagstaffhomes.com/bin/web/real_estate/AR49005/EXTRA2/Flagstaff/1205209299.html" target="_blank">Team Heitland</a> is proud to contribute to the RE/MAX success. We grow our business through skillful and honest service – give us a call if you’d like the experience. Our website is <a title="Flagstaff real estate" href="http://www.bestflagstaffhomes.com/" target="_blank">www.BestFlagstaffHomes.com</a>. 9 application/xml false Flagstaff average home price Flagstaff homes Flagstaff homes sales Flagstaff median home price Flagstaff real estate Flagstaff real estate agent Flagstaff real estate broker Flagstaff real estate market report Flagstaff real estate sales Flagstaff real estate sales team Flagstaff real estate sales volume Flagstaff SFR Flagstaff single family residences Remax Remax Flagstaff Remax Peak Properties Annual Flagstaff Real Estate Market Report Published in January 2008, giving statistics on the Flagstaff real estate market for the last three years http://control.cisdata.net/bin/filelink.php/AR49005/46a93b529400f8f05b55c5f29b412042/ Flagstaff real estate team Here's our Flagstaff real estate website --- all the information you'll ever need, just a click away http://BestFlagstaffHomes.com Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; .NET CLR 3.0.04506.30; .NET CLR 3.0.04506.648) 127.0.0.1 127.0.0.1 aheitland 24.121.32.9 false true false false true 178975 false false true false false false true 178435 blog blogsite/BestFlagstaffHomes/web