Fri Oct 30 2020
This week the median list price for Flagstaff, AZ 86004 is $566,500 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 96.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$566,500|
|Per Square Foot||$245|
|Days on Market||81|
|Slight Seller's Advantage|
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$801,966||2,987||2.5 - 5 acres||4||3||23||0||3||126|
|$649,950||2,654||1 - 2.5 acres||4||2||21||2||1||102|
|$494,500||2,122||0.25 - 0.5 acre||3||2||26||2||3||24|
|$378,250||1,510||6,500 - 8,000 sqft||3||2||43||3||2||70|