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SEPTEMBER FLAGSTAFF REAL ESTATE MARKET REVIEW

Our local Flagstaff Real Estate market remains pretty much the same; i.e. relatively boring. For Septermbert, the average price of homes is down a fraction from August and the median price is unchanged. Again, as it relates to single family housing in the city of Flagstaff, it's time to buy. 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%
August 2009	$374,543	$330,000	140	250 YTD	-15.92%
September 2009	$374,004	$330,000	136	290 YTD	-15.92%

*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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