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So how did the Flagstaff Real Estate Market fair through 2008? In my humble opinion, not too badly. Overall, prices have dropped a total of 8.28% from the top in 2006-less than 10%. Yes, unit sales are down and days on the market have increased, but, again, overall, Flagstaff's doing OK. One really has to wonder why with all that's portrayed via the media. But the answer is really quite simple: Flagstaff is a resort town; we have relatively low inventory, no major builders to go belly up and stable employment. Yes, we have a few areas where prices have dropped … (0 comments)
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