Flagstaff Market Report - as published earlier this month in client newsletter
By Ann Heitland, Retired from Flagstaff Real Estate Sales
(Retired from RE/MAX Peak Properties)
The number of homes listed for sale in and around Flagstaff leapt upward from the beginning of April to the beginning of May, according to statistics of the Northern Arizona Association of Realtors® Multiple-Listing Service. Listings on MLS increased 153 units of all types (from 739 on April 3 to 892 on May 3). Meanwhile, only 89 units closed sales and the number of homes with pending contracts was also down on May 3 compared to April 3. The price changes compared to last year are quite startling. Remember, however, that the statistics for this year are weighted down by the condo-conversions that did not even exist as an available product last year. Some of those studio apartments, turned condo, are selling under for $125,000 - a sales price not seen in Flagstaff for a very long time. T...
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