Realty Executives of Northern Arizona
Kimberlie Geile-Gonzalez
REALTOR®, GRI, SRES, rCRMS, ABR, ePro, AHWD, SRS (928) 699-9750
Kimberlie Geile-Gonzalez
REALTOR®, GRI, SRES, rCRMS, ABR, ePro, AHWD, SRS
Realty Executives of Northern Arizona
I hope this newsletter finds you all safe and well. As many of you know, our Flagstaff friends and neighbors have been greatly impacted by the Tunnel Fire in the midst of Doney Park. Many families were evacuated from their homes and many homes were lost. United Way of Northern Arizona has created a fund to help. To donate, please text UWNAZRESPONSE to 41444. Many churches and individuals have also started gathering clothing, diapers, furniture and other items. High Country Humane and Fort Tuthill are sheltering animals large and small. They are in need of food/donations for the animals. One of the best characteristics of Flagstaff is neighbor helping neighbor. Thanks for all you do in our community.
While my thoughts often stray to those affected by the fire and the safety of the firefighters, I wanted to give you a quick update on our real estate market as many economists are predicting a continued rise of interest rates coupled with a leveling of home prices. Make no mistake this is not a burst of the housing bubble just a slight readjustment.
The statistics below reflect sales from March 23, 2022- April 23, 2022. The active properties are only for April 23, 2022.
Active homes for sale:
We have seen an increase in available homes in all property types.
Homes sold:
The average and median sales prices went down a bit in condo and manufactured home sales. However, townhouse and single family average and median sale prices increased. This increase is partially due to several sales well over one million dollars.
I welcome any questions from you or your friends and family regarding real estate questions or how you can help with the Tunnel Fire relief effort.
Praying for the health and safety of you and yours,
Kim
