Flagstaff Market Report

 

Flagstaff Real Estate, Flagstaff 2011 Market Report

Business Insider Published a Case Shiller Report on 
cities set for the highest housing growth over the next five years.

Flagstaff is the #5 City in the Nation!

Flagstaff Ranks #5 in the Nation for projected housing market growth!


Data from the Northern Arizona Multiple Listing Service
reflects a stable to upward trend in median prices, average sale prices,
and average price/sf of all single family homes sold in Flagstaff in 2011.      

2011 Flagstaff Single Family Home Sales
Number Sold Median Price Average Price Avg. Price/Sf
Jan - March 172  $     239,500.00  $         261,533.00  $       127.94
April - June 204  $     259,000.00  $         298,000.00  $       134.00
July - Sept 272  $     232,000.00  $         259,000.00  $       138.00
Oct - Dec 219  $     244,000.00  $         282,000.00  $       129.00
 

 Data from the Northern Arizona MLS shows that in 2011,
apart from the fourth quarter, median prices, average sale prices and average price/sf of condominiums and townhomes showed a slight decline.

  

Flagstaff 2011 Condominium and Townhome Sales
Number Sold Median Price Average Price Average P/Sf
Jan - March 32  $ 161,000.00  $     190,000.00  $             145.00
April - June 65  $ 155,000.00  $     183,000.00  $             138.00
July - Sept 84  $ 156,000.00  $     170,000.00  $             141.00
Oct - Dec 50  $ 190,000.00  $     207,000.00  $             131.00

 

Neighborhood Report - Ponderosa Trails

Based on data from the Northern Arizona MLS (insert appropriate disclaimers), the average sale price and median sale price of single family homes in Flagstaff Arizona show an upward trend in 2011! 

However, buyers do not purchase homes in a city or a town. They purchase homes in a specific neighborhood whose location and amenities fit their needs. 

That is why it is important for Sellers and Buyers alike to know the statistics for their immediate neighborhood.

Ponderosa Trails in Flagstaff, AZ is one of our newest subdivisions.  Located in the Southwest of Flagstaff, directly adjacent to I-17, it is a very popular area for both full time Flagstaff residents and Second Home owners.  Ponderosa Trails offers our largest selection of newer homes (built after 2000), walking trails, an elementary school, and a location that easily accesses all of Flagstaff.

In 2011, the average price of homes in Ponderosa Trails as well as the median price has risen! 

In the first quarter of 2011, the average sale price of a single family home was $306,000. 
 In the fourth quarter, the average sale price is $322,000.

In the first quarter of 2011, the median price of single family homes in Ponderosa Trails was $300,000.
In the fourth quarter, the median price is $330,000.

 

For  2010 STATS - See Market Report Above

2009 AVERAGE PRICES OF HOMES SOLD IN FLAGSTAFF

AVERAGE PRICE OF ALL HOMES SOLD IN FLAGSTAFF IN 2009 -

(includes single family, townhomes, condos and manufactured)

$324,000 

 

AVERAGE PRICE/SF OF ALL HOMES SOLD IN FLAGSTAFF 2009-

 

 $154.00

 

 

Flagstaff 07/08 Single Family Home Market Report - Click Here

Flagstaff 07/08 Condo and Townhome Market Report - Click Here