My calculation for the Flagstaff area home sales in May show nearly a 20% price drop compared to May 2008. Volume is up. Median price dropped below $300,000 -- few homes in decent shape in that category, however, and they are moving fast.
For details on the current market report, visit my blog: FlagstaffRealEstateNews.com.
When buying, it is important to analyze the price trend for the particular market segment that you are interested in.
ZIP Codes: 86004, 86001 Approximate Location Boundaries: Flagstaff and Surrounding Unincorporated Communities
Location Characteristics: High Altitude with Mild Climate and Lots to Do. Flagstaff is a small city at about 7000 ft. with a climate and culture like nowhere else in Arizona. That's why so many people want to join the nearly 75,000 people who already live or have second homes in the area!
About Ann Heitland:
Ann Heitland, Associate Broker and Certified Residential Specialist is leader of Team Heitland at RE/MAX Peak Properties. With a buyer specialist, Patty Peck, and a licensed, full-time client care manager, Kody Taylor, and other great assistants, Team Heitland makes their clients needs come first. "Get Serious About Flagstaff Real Estate" - contact Team Heitland! Start by visiting our website: bestflagstaffhomes.com. You'll find the most comprehensive links to Flagstaff Community Information, and details about how we can help you buy or sell in Flagstaff.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
