Looking back at the wild ride of the home-buying frenzy during the past three years, skeptics had warned prices could not keep going up, demand would have to level off, and certainly we should all be wary of the “bubble,” that, when popped, would cause home values to come crashing down. But despite an increase in homes for sale and the 10th interest rate hike in 14 months, the Flagstaff real estate market continues to sizzle. “We thought last summer was wild and the truth is, this summer is … [Read more...] about Summer Residential Real Estate Market Going Strong in the Sweet Spot
Flagstaff Real Estate
April Showers Bring Record-Setting Spring
The million-dollar question asked most frequently regarding real estate as of late is: “Will homes continue to sell at these prices and at this pace for much longer?” Although the answer is complex because of many factors, the short answer is “yes,” barring a world war or unforeseen natural disaster. There are several metrics that support this response and yet the most simple contributor is demand outpacing supply. Throughout Northern Arizona, we have more buyers than homes available. As of … [Read more...] about April Showers Bring Record-Setting Spring
Projecting Flagstaff Real Estate Trends
Some may say the current Flagstaff real estate market is “hot” for sellers, but how will it look come spring or summer? A crystal ball would be nice to have right about now, right? But without a crystal ball, world events and unforeseen affairs can materialize and change any, or all, of the following anticipated trends. Specifically for Flagstaff It is predicted by industry experts that 2022 will continue to be a healthy seller’s market and that home values will continue to appreciate. … [Read more...] about Projecting Flagstaff Real Estate Trends
Flagstaff Real Estate: Is it a Hedge Against Inflation?
Welcome to our 2022 Flagstaff real estate phenomenal seller’s market. Forecasted to surpass our 2021 real estate sales prices, even most seasoned realtors are surprised at our wild paced sales. Properties listed in the $600,000 to $900,00 range are receiving 18 to 20 offers within days of publishing on the MLS. The Flagstaff number of buyers far exceed the number of properties available for sale. Although the Phoenix real estate sales prices have increased by 27% from this time last year, and … [Read more...] about Flagstaff Real Estate: Is it a Hedge Against Inflation?
An Epic Year in Review for Real Estate and a Bright Future
As we welcome 2022 and excitedly look toward the future, there is knowledge that 2021 represented a year of extraordinary significance in real estate from every standpoint. Although no one has a crystal ball accurate enough to predict where real estate will go during the upcoming year, there are some inklings from our recent historic trends that can help shed some light on the distinct probability of where we are headed. Bring your sunglasses, the future of real estate in Flagstaff looks … [Read more...] about An Epic Year in Review for Real Estate and a Bright Future
Record Setting Summer Real Estate Market Turns to Fall Without Cooling
In these unprecedented times, the real estate market in Flagstaff is at an all-time high from just about every metric we can measure. The 2021 summer season was sizzling, with the average price per square foot of a single-family (detached) home crossing the threshold from $292 per square foot to $307 per square foot from March to April of this year. This was a historic first foray into the $300s and it has continued to climb each month since. In August, the price per square foot soared to $336 … [Read more...] about Record Setting Summer Real Estate Market Turns to Fall Without Cooling
