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FLAGSTAFF NOVEMBER MARKET UPDATE

Our local Flagstaff Real Estate market, again, remains pretty much the same; i.e. relatively boring. For November, the average home price is up for the third month in a row and the median price is up for November. Many would comment that our market has held up well compared to other areas of the country. Let's hope this trend continues. Stay tuned for my new market updates which, by request, will include areas outside of the city of Flagstaff. These areas such as Doney Park, Munds Park, Bellemont and others have not fared as well with declines averaging 20%-25% from the market top. Thanks for reading and please keep the comments coming.

Happy Holidays

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%
October 2009	$372,266	$330,000	104	329 YTD	-15.92%
November 2009	$372,679	$331,000	137	371 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 values.

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