Flagstaff Home Prices in Recent Years

243348 Resource 178435 178982 178982 1255122723795 1255568934606 Controlled Flagstaff Median Home Price Up

One month does not a trend make - but in September the median price for Flagstaff home sales was up

The median price of a Flagstaff single-family-home sold in September 2009 was $338,000, topping the median price for August by $23,000. This tells us that more higher-priced homes are selling, not that any given home has risen in value. The median price was higher year-to-year by $15,000. The pace of Flagstaff home sales remained steady in September, with sixty-seven single-family-homes reported sold on the Northern Arizona MLS – the same number as in August 2009. This is still a small number compared to sales at the peak of the market. Although the total number of homes for sale decreased from August to September, the supply of homes for sale at the beginning of October remained at nearly 10-months’ worth at the current pace of sales. Flagstaff is still a buyers' market in most price ranges and most neighborhoods -- but the exceptions are growing and sellers in some areas and in the lower price ranges are closer to being back in the driver's seat. The median Flagstaff townhome sale was $225,000 in September – the lowest price point since 2004. There is nearly twelve months’ worth of townhomes available for sale. Still, one builder of townhomes, in the Mt. Elden Foothills area, continues to construct new townhomes. Fourteen Flagstaff condominiums sold in September. One of the three major apartment-to-condo conversions is nearing the end of available supply. A number of the sales in September represent first-time home buyers who will qualify for the first-time-home-buyer tax credit that is due to expire on December 1. These condos offer a lowest entry point into the Flagstaff homes market for such buyers. Other first-time home buyers are purchasing manufactured homes which, after some adjustments in available financing earlier this year, have regained sales momentum this fall. There were eleven sales of Flagstaff manufactured homes in September, pushing the available inventory below six months’ worth. The median sale price of a manufactured home in September was $175,000. Note: All numbers reported here are based on sales of homes with Flagstaff mailing addresses, whether in the city of Flagstaff or the surrounding rural-suburban areas. The reported data comes from information as reported to the Northern Arizona Association of Realtors® and is deemed reliable for sales reported to the association, but is not guaranteed and does not include all sales in the market area. To buy or sell any Flagstaff home, contact me: <a title="Flagstaff RE/MAX agents" href="http://bestflagstaffhomes.com/" target="_blank">Ann Heitland at RE/MAX Peak Properties</a>. Don't be mislead by overall market prices. When you are ready to buy or sell, it's important to analyze Flagstaff homes by size and neighborhood. <a title="Search Flagtaff MLS" href="http://idxpro.cisdata.net/AR49005/Search/quick/" target="_blank">To search the Flagstaff MLS, click here!</a> <a title="Flagstaff Home Listings" href="http://www.bestflagstaffhomes.com/bin/web/real_estate/AR49005/HOME_SEARCH/Flagstaff/1247106841.html" target="_blank">Click here to see my featured Flagstaff home listings.</a> 9 application/xml false Flagstaff condos Flagstaff home prices Flagstaff home sales Flagstaff homes Flagstaff manufactured homes Flagstaff real estate Flagstaff single family homes Flagstaff townhomes Realtors in Flagstaff Remax in Flagstaff Flagstaff Home Prices in Recent Years August's Flagstaff real estate update traces Flagstaff home price trends for the last five years http://blog.bestflagstaffhomes.com/public/item/239244 Arizona Daily Sun Homes Report The newspaper looks at numbers only within the city of Flagstaff in contrast to the broader Flagstaff metro area that I report in this blog http://www.azdailysun.com/articles/2009/10/10/news/20091010_front_205325.txt Mozilla/4.0 (compatible; MSIE 8.0; Windows NT 6.0; Trident/4.0; GTB6; SLCC1; .NET CLR 2.0.50727; .NET CLR 3.5.30729; OfficeLiveConnector.1.3; OfficeLivePatch.0.0; .NET CLR 3.0.30729) 127.0.0.1 127.0.0.1 aheitland 75.160.24.218 false true false false true 178975 false false true false false false true 178435 blog blogsite/BestFlagstaffHomes/web