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Flagstaff Market Report 10/29/12 Forclosures in the Surrounding Areas
    Flagstaff Forclosures in Town - since last week there were 3 new forclosures in the surrounding areas.  This search is of forclosures put on the market since last Sunday. It includes single family, town homes, manufactured homes and condos in the surrounding area of Flagstaff. These numbers may seem like they are going down, but Flagstaff hasn't been hit as hard as other areas, so this has been pretty consistent.  In all of Flagstaff and surrounding areas there are 752 active homes for sale, of those 35 are short sales and 62 are foreclosures, these numbers are higher than last week, but still very low compared to "normal" inventory.
Flagstaff is surrounded by National Forest, which insulates our prices some because there is a limit to the supply of homes here, we are also about a 25% second home market, which helps keep our prices higher than the National average. In 2011, almost 61% of homes sold were regular equity sales (non-foreclosure, non-short sale), so most of our sales are regular equity sales.
This information was pulled from the Northern Arizona Multiple Listing Service 10/29/12.
If you are interested in more information on a Flagstaff foreclosures or interested in other good deals available on themarket right now, I'd be honored to be "your first step ... more

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