Flagstaff Arizona January Market Stats are in!

In January of 2009, 38 Single Family Homes, Condos and Townhomes were sold in Flagstaff and surrounding areas. (Data source is the Northern Arizona MLS and does not include For Sale By Owners).

The average price of our sales was $335,000 while the average price per SF was $174.00.

In the final quarter of 2008, the average price per sf of condos and townhomes only was $175.77, while the average price per SF of single family homes was $183.63. If we combine the two, the average price per SF of homes, condos and townhomes in the fourth quarter of 2008 was $179.7. (This does not include manufactured homes!)

In January of 09, the average price per SF of total sales dropped 3.3% from the last quarter of 08 (while the last quarter of 08 does not include manufactured homes)

Interpretation?

Sales in Flagstaff Arizona will be posted daily (or almost daily) on www.TheFlagstaffWebsite.com. We will have to watch this first quarter in order to see whether prices are dropping, or if this is an indication that we have stabilized. January is considered "slow" or "slower" season for Flagstaff. I am starting to receive more calls and inquiries on my website than in November and December, which, I am sure we all hope, is an indication that the 09 Buyers have come out and are starting their search.

For personalized reports reflecting comparables for a particular neigborhood or home, contact me! For a PDF of this report, please see The Flagstaff Daily Market Report

Based on information from the Northern Arizona Association of REALTORSr , Inc. (alternatively, from the Northern Arizona Association of REALTORSr, Inc. MLS) for the period (date) through (date). This representation is based in whole or in part on data supplied by the Northern Arizona Association of REALTORSr or its MLS. Neither the Association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.