Our local Flagstaff Real Estate market reflected another minor upturn since the May's market report. Volume is up, prices are up slightly and average days on the market are basically unchanged. Is this the beginning of a market bottoming? Many seem to think so. 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 |
115YTD |
-15.92% |
|
June 2009 |
$364,568 |
$331,000 |
133 |
161YTD |
-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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