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FLAGSTAFF REAL ESTATE MARKET SNAPSHOT JULY 2009

Our local Flagstaff Real Estate market reflected another minor upturn since the June’s market report. As in June, volume is up, average prices are up by $6,730.00, average days on the market is unchanged, and the median is the same. It appears to me that the market bottom has been reached. Let me know what you think. I thank you for reading. Please keep the comments coming and visit Gregg’s Blog for regular market info and updates.

Gregg Munson
Associate Broker, ABR, CPDE, e~PRO
 

CALENDAR YEAR
AVERAGE PRICE
MEDIAN PRICE
AVERAGE DAYS ON MARKET
ANNUAL UNITS SOLD
CUMULATIVE MEDIAN % CHANGE FROM MARKET TOP IN 2006
2006
$458,116
$392,500
91
528
MARKET TOP
2007
$436,511
$375,000
108
479
-4.4%
2008
$417,993
$360,000
120
373
-8.28%
January 2009
$433,500
$387,500
117
14 YTD
-1.27%
February 2009
$367,497
$330,950
132
32 YTD
-15.68%
March 2009
$384,884
$330,500
103
56 YTD
-15.79%
April 2009
$360,456
$326,000
127
79 YTD
-16.94%
May 2009
$370,072
$330,000
129
115 YTD
-15.92%
June 2009
$364,568
$331,000
133
161 YTD
-15.66%
July 2009
$371,298
$331,000
134
207 YTD
-15.66%

*Criteria:  Northern Arizona Multiple Listing Service sold data for City of Flagstaff single family homes.  The city is defined as North West City, South West City, North East City, and South East City.  Condos, townhomes, multi-family, land and commercial properties are excluded as are outlying areas.  The exclusion of outlying areas and well as properties other than single family homes will have an effect on valuations.     

 

 

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Russ Lyon | Sotheby's International Realty Flagstaff
1750 S Woodlands Village Blvd.. Ste 125 • Flagstaff, AZCoconino 86001
Phone: 928.853.4289 • Email Gregg@GreggMunson.com
Fax: 888.241.6446




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