Gregg & Debbie Munson

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

*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.

FLAGSTAFF MARKET SNAPSHOT MAY 2009*

Our local Flagstaff Real Estate market reflected an upturn since the April'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 seems 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

*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.

If you're not up on the news, the Phoenix Metro area is seeing homes selling at the fastest pace since 2006. And the good news is the buyer's are purchasing homes not on speculation, but upon price. It looks like the bottom has been reached. Low prices and extremely low interest rates equal increased sales. As it pertains to our local Flagstaff Real Estate market, the bottoming of the Phoenix Metro area market should increase our home sales also. In the past, the Flagstaff market has been fueled in part by Phoenix area buyers looking to escape the heat. Those buyers have dropped off in recent years. Will they return soon? Time will tell but odds favor it. Thanks for reading.

Gregg Munson

Associate Broker.

Good news! Flagstaff real estate sales are up. In general, sales have been climbing while prices are lower and seems to have bottomed. Only time will tell. At last check, single family homes in Flagstaff have declined in value slightly over 15% from the market top in 2006. Let's hope that the bottom has been reached. For more information on our market, feel free to email us at Gregg@GreggMunson.com or visit us online at www.GreggMunson.com Thanks for reading.

Gregg Munson

Associate Broker

FLAGSTAFF MARKET SNAPSHOT APRIL 2009*

Flagstaff Real Estate reflected an additional decline in value from March through April however, volume increased significantly. Locally, we are seeing an influx of buyers who are looking for those great buys. The strongest segment of the market is in the $300K and less range, however, the mid and upper range seems to be gaining momentum. The next two months should give us the trend for the rest of the year. It will be interesting to see what the market does. Thanks for reading and keep the comments coming and visit Gregg's Blog for regular market info and updates.

Gregg Munson

Associate Broker, ABR, CPDE, e~PRO

*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.