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Online resources can give you an idea of your home's value but to really know what it's worth, you need a professional opinion. In fact, one popular online tool acknowledges that half of their estimates are more than 5% off. That means on a $400k house, half of their estimates are off by more than […]

Would you be surprised to learn that March is the best overall time of year to sell a house in Flagstaff? It is, indeed, and the reason being is that it’s one of the highest months for homes going under contract and yet the number of homes for sale hasn’t caught up with the demand […]

There were more sales in the month of August than we’ve seen in any month in years! We had 151 residential sales, compared with 119 in August of 2012. The number of sales in Flagstaff this summer has increased 28% over last summer. This demand has led to continued price increases. However, as you would […]

The Flagstaff real estate market has made a lot of interesting changes in the past year. We’ve been so accustomed to negative housing and economic news for the past few years that it seemed recovery would never come. However, for the first time since the real estate crash, sales and prices are finally shifting in […]

Unless the real estate market takes another dive, it appears the bottom of the market in Flagstaff was sometime around August 2012. The prices had started to climb earlier in 2012 before dropping again to that low, but have been climbing steadily for the past seven months since then. In fact, the market has made […]

In the real estate boom, we had an absurdly strong seller’s market, where instant sales and bidding wars were commonplace. Then in the bust, we had the opposite: a very strong buyer’s market where prices were tumbling, selection was overwhelming, and low buyer confidence kept most buyers on the sidelines. Now, we’re in an unusual real […]

Although Flagstaff home sales in late spring and early summer were hot, sales in early fall have tapered off and are shaping up to look at lot like last year. Every month from January to July had more sales this year than last, and in some of these months it was significantly more. But then […]

Interestingly, despite the flurry of home sales we’ve had in Flagstaff this year, the trailing average price is about the same now as it was a year ago. We saw prices bump up a little bit this summer, but those increases seem to have faded over the past couple months. One would think that with […]

Are the days of foreclosure deals over? Or at least the days of foreclosures greatly impacting home prices? I suppose the answer to that question depends a lot on what the economy does from here, but one thing is clear – foreclosure listings are currently making up a much smaller number of the homes for […]

The real estate market in Flagstaff has continued to heat up! This is mainly due to continued low inventory. Compared to last year, the available inventory is down 32% – over 200 fewer active listings! There’s also been a 23% increase in the number of sales from April of last year. Believe it or not, […]