flagstaff market trends Tag Archives - The COLLINS TEAM https://thecollinsrealestateteam.com/tag/flagstaff-market-trends/ Real Estate Agents in Northern Arizona Tue, 10 Nov 2020 21:19:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://thecollinsrealestateteam.com/wp-content/uploads/2015/12/cropped-coverone-32x32.png flagstaff market trends Tag Archives - The COLLINS TEAM https://thecollinsrealestateteam.com/tag/flagstaff-market-trends/ 32 32 Real Estate in Flagstaff: Market Trends Fall 2020 https://thecollinsrealestateteam.com/real-estate-in-flagstaff-market-trends-fall-2020/ Tue, 10 Nov 2020 21:19:27 +0000 https://thecollinsrealestateteam.com/?p=22364 Thinking about hiking your way into the competitive forest of the Flagstaff real estate market? Or are you a Flagstaff homeowner wondering whether it might be time to dust off the “For Sale” sign for your Flagstaff home and move on–or up within–this cozy mountain...

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]]> Thinking about hiking your way into the competitive forest of the Flagstaff real estate market? Or are you a Flagstaff homeowner wondering whether it might be time to dust off the “For Sale” sign for your Flagstaff home and move on–or up within–this cozy mountain town? In either case, this post is for you! Below we’ll break down the latest housing market trends and what they mean as of Fall  2020. (All stats & graphs courtesy of Realtor.com).

Is it a Buyer’s Market or a Seller’s Market in Flagstaff?

Sellers Market Flagstaff

With a sale to list price ratio of 99.88%, Flagstaff is is definitely a “seller’s market”. What this means is that on average homes in Flagstaff sold for right around the asking price. While this does mean Flagstaff sellers are currently in control, that isn’t stopping Flagstaff buyers, which brings us to our next point…

Are Homes in Flagstaff a Good Investment?

Median List Price Flagstaff

Home prices in Flagstaff have continued to trend upward over the last year. As of September 2020, the median list price was up 17% year over year, at $479K. The median sale price was $460K.

Flagstaff Home Availability

What are the chances you’ll land the Flagstaff home of your dreams? You’ll have to act quickly and come in with a great offer! The current median time on the market is just 53 days. There are a total of 465 properties available for sale within the Flagstaff city limits, 40 of those hitting the market in just the past week!

As you can see, Flagstaff is a hot market (even when it’s snowy outside!) and you’ll need a local Flagstaff real estate agent that can act decisively and advise you with the right local knowledge. The COLLINS TEAM can do just that! Give your local Flagstaff & Sedona real estate agents a call today at (928) 230-5168 or send us a message!

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