Flagstaff Market Report 3/13/12 New In Town Short Sales Since Last Week

Real Estate Agent with Realty One Group Mountain Desert 928-600-2765

Flagstaff short sales--since last week there were 2 new short sales that came on the market in Flagstaff's city limits. This is 1 more new short sale as compared to the number that came on the market last week. This search is of short sales put on the market since last Tuesday. It includes single family, town homes, manufactured homes and condos in the surrounding areas of Flagstaff.

The average asking price this week is $289K which is $46K less than last week's list average asking price and the average asking price per square foot this week is $148, which is $40 more per square foot from last week's list's average.

It might seem like this number is going down, but we haven't seen the massive numbers here as in other areas of the country. In all of Flagstaff and surrounding areas there are 792 active homes for sale, of those 61 are short sales and 52 are foreclosures, which are a little higher numbers than we've seen in weeks. About 61% of the sales in 2011 were regular equity sales (non-foreclosure, non-short sale, non-HUD), so the majority of our sales has been regular equity sales.

Here is the information on the short sales:

Address City Map Bd Bth SqFt LotSz Year   Date $/SqFt DOM Orig Price List Price    
3281 S Gillenwater Flagstaff   3 2 1,568 12623sf 1975   03/09/12 139.99 4 219,500 219,500    
6066 E Abineau Canyon Dr Flagstaff   4 2.50 2,301 24829sf 1998   03/07/12 156.02 6 359,000 359,000  

A snapshot of the current market and of the homes that have sold in the last 6 months:

flagstaff market update
 Most of the homes (47%) have been on the market more than 120 days. There is a lot of competition in the market right now. To sell your home in the quickest amount of time, you need to be competative with the other listings. That means, price your home according to the market, put your best foot forward by having your home show as well as it can, and hire a competative real estate agent who will market your home effectively, so you can get the exposure you need.

This information was pulled from the Northern Arizona Multiple Listing Service 03/13/12. If you are interested in more information on a Flagstaff short sales or interested in other good deals available on the market right now, I'd be honored to be "the first step into your new home".

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Flagstaff Real EstateFlagstaff Real EstateFor more information on buying and selling homes in Flagstaff, Arizona I would be happy to make your transition easier and more efficient!


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Sylvie Stuart

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