Realty Executives of Northern Arizona
We will keep the month’s real estate briefing short, we are reading the stories in the news, and Flagstaff is no different,
For the month of February, we sold -12.4% fewer homes than 2020, but on the positive side 6.8% more homes came to the market, though that number was small, at 9 additional homes in Flagstaff general.
What is lacking is our inventory,
When you looked at what our Multiple Listing Service (MLS) is showing, we had 268 actives listings on the market compared to the year before of 377 and then in 2019, we had 461 active listings.
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There is more to this story though.
Active in the MLS includes all homes that are on the market and those under contract, but not through the Due Diligence period, or the inspection period. In today’s market Very few of those homes fall out of contract.
So lets take those out of the mix,
Out of the 377 homes showing Active in our system, only 68 are actually active, and have no contract written on them, but ready for a contract.
You saw that correctly, 68 homes, and as I write this in the 3rd week of March, we are down to 58 homes of all types in all of Flagstaff!
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In March,
we would normally sell just over 100 homes. The experts in the Real Estate field say we should have a 6-month supply, so that would mean we should have 600 active homes on the market. Granted in Flagstaff that does not happen as we are coming out of winter, that number normally may be 300-400 homes, but we have 58…..
So that is the true story on what is happening in Real Estate in Flagstaff and really throughout the nation.
On to a little Jeff's hiking;
Next week we take off for a week, but not to fear Renee will be holding down the fort.
We are doing two separate hikes, one will be Passage 22 of the Arizona Trail. This is a short passage maybe 16 miles or so, we will be headed north to south. This will be a short 3 day 2 night hike with some exploration off the trail at spots.
More to come in April as I include our adventures in next month’s newsletter.
After completing this passage, we have a day to explore Davey Gowens cabin, which is in the general area. Here is what the Hike Arizona Website has to say;
History
David Gowan was an early Payson area pioneer, and the first settler at Tonto Natural Bridge on Pine Creek in 1882. In 1916, seeking solitude, Gowan settled on upper Deer Creek in the Mazatzal Mountains, where he built a log cabin, planted a garden and an orchard, and mined some silver claims. Gowan died in 1924 while hiking out of his homestead, and was buried at the intersection of Deer Creek Canyon and Bars Canyon.
This will be a short day hike into the secluded cabin and back out, hope to give you the details next month.
The next day, we head north to the trail head for Barnhart Falls inside the Mazatzal Range Wilderness area, these falls at one time were called Joes Falls. Then on to our camp at Chilson Spring, which is also on the Arizona Trail system.
We will be in 4 days and 3 nights for this section of the hike
Normally both of these areas are hot and bone dry, but this time of year and at about 5800 feet, with the recent rains we have had, we should see water flowing or dribbling in most all the washes.
So more to come on this adventure,
Stay safe out there as we are starting to see light at the end of the tunnel with Covid
Best wishes to all
Jeff and Renee
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Where the Experts are - Serving Flagstaff and Northern Arizona since 1977
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