The small size, mild weather, seasonal changes and unique culture of Flagstaff, Arizona has resulted in an upsurge of the local Flagstaff Real Estate market. The market is categorized as a seller's market, because the demand for homes in the Flagstaff area has thus far outstripped the supply. Many local real estate agents credit Flagstaff's higher quality of life, its schools and clean air and nearby forests, as well as its proximity to the greater Phoenix metro area, which has made the cooler climate of Flagstaff all the more appealing to those seeking to flee the hundred-degree-plus temperatures of Phoenix.
The average price of a single family home in Flagstaff is about $377,000, a substantial increase over 2004's average of $261,000. Condos can be had, on average, for $163,600, and townhouses for $239,600. Commercial real estate as well as residential real estate is available.
About 75,000 people call Flagstaff home, and that number is increasing rapidly as word of Flagstaff's charms spreads. Flagstaff was recently ranked the #8 Healthiest City in the US by Organic Style magazine, and was ranked No. 3 in the state by ePodunk's Historic Small Towns Index. Forbes Magazine listed it #2 out of its 50 Best Places to Live in 2005, and National Geographic Traveler has named it one of 10 'Small Town Gems' in their March 2005 issue.
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