Flagstaff Arizona Neighborhood Report: 2011 Sales of Single Family Homes in University Heights
While the trend in home sale prices in Flagstaff as a whole is UPWARD this year, it is important to look at home prices in specific neighborhoods.
Home Buyers do not simply buy a home, they buy a particular neighborhood.
According to information from the Northern Arizona MLS (insert appropriate disclaimers) University Heights in Flagstaff shows a downward trend in both average sales prices and median sale prices for Single Family Homes.
While the average sale price of a home in University Heights was $289,000 in the first Quarter of 2011, it has lowered to $254,000 in October.
Median prices show a similar downward cycle. While the first quarter median price of a single family home in University Heights was $305, 000, in the fourth quarter it is $254,000.
The fourth quarter is not over yet! We have to wait until January to see how University Heights fares in comparison to the rest of Flagstaff.
Questions about University Heights or Flagstaff? Call Eileen at (928) 607 9610 or email realestateflagstaff@gmail.com.
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