2014 FLAGSTAFF REAL ESTATE PREDICTIONS FROM ZILLOW

Zillow predicts Flagstaff’s zip code 86001 home values will rise 6.5% next year, compared to a 5.1% increase for Flagstaff as a whole. Among 86001 homes, this home is 21.4% more expensive than the midpoint (median) home, and is priced exactly the same per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 86001 market, the number of foreclosures waiting to be sold dropped 19.3% in the last year. The number of unsold foreclosures is 20.5% less than in Flagstaff, and 7.5% lower than the national average. This lower local number could help 86001 home values rise more quickly than other regions in Flagstaff. Share your thoughts on what Zillow has to say. To see a full chart of the 10 year history of Flagstaff real estate, click the following link: http://www.zillow.com/local-info/AZ-Flagstaff-home-value/r_31567/#metric=mt%3D34%26dt%3D2%26tp%3D6%26rt%3D8%26r%3D31567%252C112186%252C112436%26el%3D0