By now I'm sure most of us know that the tax credit has been extended. Will this help Flagstaff Real Estatej-which isn't really suffering that much? In my opinion, the credit should be increased and opened up to everyone. What do you think?
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 eff
Another good week for the housing market. The S&P/Case Shiller home price index was up for the third month in a row and the rate of annual decline fell for the sixth month in a row! Price increases were reported in 18 of 20 metro areas measured. Many now feel this data indicates the worst of the price declines are behind us. Time will tell.
Hi All: I'm hearing a lot of good things about using Microsoft Bing versus Google Virtual Earth for property searches. While neither is perfect, I must admit that, for Flagstaff real esstate, I like Bing better than Google Virtual Earth. If you haven't tried it, do so and let me know your thoughts. Thanks for reading
Gregg Munson
Hi All: One of our local title companies prepare the report noted below. As my monthly report only analyzes single family homes in the city of Flagstaff, this report sheds a bit more light on the overall market. Let me know if you find it to be of value and please don't heistate to comment. Thanks.
| Coconino County Real Estate Snapshot | ||||||||||||||||||||
| AUGUST | Average | Average | Average | Days on | AUGUST | Average | Average | Average | Days on | % Diff. Of | Previous | YTD-09 | YTD-08 | |||||||
| 2009 | Square | Price per | Sales | Market | 2008 | Square | Price per | Sales | Market | Monthly | Month | Total | Total | |||||||
| Footage | Square Foot | Price | Footage | Square Foot | Price | Sales Unit | ||||||||||||||
| SALES | ||||||||||||||||||||
| SINGLE FAMILY SALES | ||||||||||||||||||||
| *FLAGSTAFF | 67 | 2214 | $173 | $382,681 | 185 | 70 | 2032 | $202 | $409,899 | 131 | -4% | 73 | 393 | 429 | ||||||
| CONDO/TOWNHOMES | ||||||||||||||||||||
| *FLAGSTAFF | 26 | 1175 | $167 | $196,675 | 108/135 | 28 | 1237 | $184 | $227,550 | 64/148 | -7% | 8 | 138 | 181 | ||||||
| LOT SALES | ||||||||||||||||||||
| *FLAGSTAFF | 6 | n/a | n/a | $201,750 | n/a | 7 | n/a | n/a | $130,521 | n/a | -14% | 7 | 32 | 49 | ||||||
| AUGUST | Valuation | AUGUST | Valuation | % Diff. Of | Previous | YTD-09 | YTD-08 | |||||||||||||
| 2009 | 2008 | Monthly | Month | Total | Total | |||||||||||||||
| Sales Unit | ||||||||||||||||||||
| BUILDING PERMITS | ||||||||||||||||||||
| ISSUED | ||||||||||||||||||||
| FLAGSTAFF | 1 | $362,218 | 7 | $2,258,876 | -86% | 1 | 11 | 45 | ||||||||||||
| COCONINO COUNTY | 5 | $1,190,452 | 7 | $1,821,594 | -29% | 5 | 38 | 39 | ||||||||||||
| AUGUST | JULY | |||||||||||||||||||
| 2009 | 2009 | |||||||||||||||||||
| NOTICES OF TRUSTEE'S | ||||||||||||||||||||
| SALES RECORDED | ||||||||||||||||||||
| COCONINO COUNTY | 104 | 117 |
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