The Market Seems to be Turning

March 6th, 2008

I haven’t posted in the blog for a while, but I plan to start blogging about the market conditions rather than posting stats.

Flagstaff’s real estate market really seems to be making positive turn! The median listing price has increase nearly 4% through the past two weeks. I personally have noticed an increasing number of buyers looking to view and actually purchase real estate. Right now really is the time to buy. There are numerous properties in some stage of foreclosures, which generally leads to a good deal for the buyer! There are a lot of motivated sellers and a lot of property on the market. The best deals seem to be in the 3,000 - 4,000 SF mid to mid/high level home.

I’ve seen a number of sales that are really unbelievable. Getting that great deal just takes having a Realtor looking for a perfect property for you as it hits the market. Call Nick today and I’ll start my search process that keeps you updated and ready to purchase that great deal as soon as it hits the market.

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11/19/07 Weekly Update

February 7th, 2008

Single Family Homes In Flagstaff City Limits. 1,600-1,800 SF excluding high outliers

Active: 19 Pending: 0 Sold: 40 Other: 0 Total: 59

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 3 1.00 1,601 $209,900 $207,000 0
Average 3 2.01 1,683 $350,747 $339,441 116
Median 3 2.00 1,678 $359,900 $354,000 99
Maximum 4 2.50 1,800 $407,900 $405,000 357
Total Dollar Value $13,577,625
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 2 13 8 5 12
Breakdown % 5.00 32.50 20.00 12.50 30.00
Avg % SP/LP 96.99 96.63 97.15 97.46 96.72

Residential Homes over $1,000,000 in Flagstaff City Limits

Active: 65 Pending: 0 Sold: 17 Other: 0 Total: 82

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 0.00 1,650 $1,046,000 $1,000,000 30
Average 4 3.67 3,911 $1,658,951 $1,575,529 210
Median 4 3.50 3,833 $1,409,500 $1,300,000 174
Maximum 5 5.00 6,400 $5,450,000 $4,100,000 811
Total Dollar Value $26,784,000
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 1 1 2 3 10
Breakdown % 5.88 5.88 11.76 17.65 58.82
Avg % SP/LP 82.54 98.46 77.71 91.23 91.93

Condos in Flagstaff City Limits

Active: 30 Pending: 3 Sold: 157 Other: 19 Total: 209

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 486 $95,000 $91,994 0
Average 2 1.64 863 $186,857 $178,343 171
Median 2 2.00 827 $176,500 $175,000 171
Maximum 3 2.50 1,524 $287,500 $285,577 421
Total Dollar Value $27,999,860
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 12 23 17 14 91
Breakdown % 7.64 14.65 10.83 8.92 57.96
Avg % SP/LP 97.21 99.29 99.60 100.74 97.05

Townhomes in Flagstaff City Limits

Active: 61 Pending: 1 Sold: 85 Other: 33 Total: 180

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 827 $149,900 $170,000 0
Average 3 2.40 1,580 $316,578 $297,206 132
Median 3 2.50 1,480 $305,450 $290,000 121
Maximum 4 3.50 3,078 $546,095 $538,595 401
Total Dollar Value $25,262,551
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 6 19 17 10 33
Breakdown % 7.06 22.35 20.00 11.76 38.82
Avg % SP/LP 100.02 97.07 97.86 97.04 96.46

Lots in Flagstaff City Limits

Active: 65 Pending: 1 Sold: 85 Other: 33 Total: 184

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 827 $169,900 $170,000 0
Average 3 2.40 1,576 $316,078 $297,206 132
Median 3 2.50 1,466 $305,450 $290,000 121
Maximum 4 3.50 3,078 $546,095 $538,595 401
Total Dollar Value $25,262,551
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 6 19 17 10 33
Breakdown % 7.06 22.35 20.00 11.76 38.82
Avg % SP/LP 100.02 97.07 97.86 97.04 96.46

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11/12/07 Weekly Update

November 12th, 2007

Single Family Homes In Flagstaff City Limits. 1,600-1,800 SF excluding high outliers

Active: 49 Pending: 1 Sold: 37 Other: 0 Total: 87

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 3 1.00 1,601 $209,900 $207,000 0
Average 3 2.02 1,691 $356,178 $340,655 95
Median 1,677 $364,500 $355,000 87
Maximum 4 3.00 1,800 $485,000 $405,000 290
Total Dollar Value $12,604,225
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 2 12 7 5 11
Breakdown % 5.41 32.43 18.92 13.51 29.73
Avg % SP/LP 96.99 96.55 97.19 97.46 96.60

Residential Homes over $1,000,000 in Flagstaff City Limits

Active: 106 Pending: 0 Sold: 17 Other: 0 Total: 123

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 0.00 1,650 $1,025,000 $1,000,000 5
Average 4 3.57 3,970 $1,600,056 $1,575,529 163
Median 3,840 $1,399,600 $1,300,000 136
Maximum 6 5.00 7,441 $5,450,000 $4,100,000 962
Total Dollar Value $26,784,000
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 1 1 2 3 10
Breakdown % 5.88 5.88 11.76 17.65 58.82
Avg % SP/LP 82.54 98.46 77.71 91.23 91.93

Condos in Flagstaff City Limits

Active: 79 Pending: 24 Sold: 153 Other: 17 Total: 273

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 486 $95,000 $91,994 0
Average 2 1.61 876 $190,589 $178,089 137
Median 888 $179,900 $174,708 119
Maximum 3 2.50 1,524 $311,472 $285,577 365
Total Dollar Value $27,247,681
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 18 23 17 11 84
Breakdown % 11.76 15.03 11.11 7.19 54.90
Avg % SP/LP 97.39 99.29 99.60 100.91 96.82

Townhomes in Flagstaff City Limits

Active: 112 Pending: 3 Sold: 97 Other: 34 Total: 246

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 827 $145,500 $162,000 0
Average 3 2.40 1,543 $309,676 $294,462 110
Median 1,457 $299,900 $290,000 90
Maximum 4 3.50 2,800 $546,095 $538,595 396
Total Dollar Value $28,562,812
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 7 23 18 12 37
Breakdown % 7.22 23.71 18.56 12.37 38.14
Avg % SP/LP 99.59 96.62 97.79 97.31 96.83

Lots in Flagstaff City Limits

Active: 186 Pending: 1 Sold: 29 Other: 56 Total: 272

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 0 $55,000 $112,000 0
Average 0 0.00 0 $367,253 $371,786 203
Median 0 $275,500 $315,000 171
Maximum 0 0.00 0 $2,490,000 $750,000 766
Total Dollar Value $10,781,800
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 7 2 3 2 15
Breakdown % 24.14 6.90 10.34 6.90 51.72
Avg % SP/LP 98.47 93.67 97.48 95.22 94.51

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11/5/07 Weekly Update

November 12th, 2007

Single Family Homes In Flagstaff City Limits. 1,600-1,800 SF excluding high outliers

Active: 46 Pending: 0 Sold: 37 Other: 0 Total: 83

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 3 1.00 1,601 $209,900 $207,000 0
Average 3 2.02 1,690 $357,754 $340,709 97
Median 1,677 $365,000 $355,000 87
Maximum 4 3.00 1,800 $485,000 $405,000 290
Total Dollar Value $12,606,225
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 2 13 6 5 11
Breakdown % 5.41 35.14 16.22 13.51 29.73
Avg % SP/LP 96.99 96.73 97.44 97.46 96.60

Residential Homes over $1,000,000 in Flagstaff City Limits

Active: 103 Pending: 0 Sold: 18 Other: 0 Total: 121

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 0.00 1,650 $1,025,000 $1,000,000 9
Average 4 3.59 3,932 $1,552,148 $1,496,333 165
Median 3,827 $1,395,000 $1,287,500 136
Maximum 5 5.00 6,400 $5,450,000 $4,100,000 962
Total Dollar Value $26,934,000
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 2 1 3 3 9
Breakdown % 11.11 5.56 16.67 16.67 50.00
Avg % SP/LP 89.91 98.46 80.06 91.23 93.30

Condos in Flagstaff City Limits

Active: 76 Pending: 24 Sold: 162 Other: 18 Total: 280

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 486 $95,000 $91,994 0
Average 2 1.62 871 $188,958 $177,400 137
Median 895 $179,700 $175,000 119
Maximum 3 2.50 1,524 $297,447 $285,577 365
Total Dollar Value $28,738,753
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 20 25 17 12 88
Breakdown % 12.35 15.43 10.49 7.41 54.32
Avg % SP/LP 97.85 99.33 99.60 100.32 96.80

Townhomes in Flagstaff City Limits

Active: 107 Pending: 3 Sold: 85 Other: 31 Total: 226

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 827 $149,900 $162,000 0
Average 3 2.39 1,540 $310,465 $295,277 112
Median 1,454 $299,900 $288,000 91
Maximum 4 3.50 2,800 $546,095 $538,595 396
Total Dollar Value $25,098,551
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 6 17 17 10 35
Breakdown % 7.06 20.00 20.00 11.76 41.18
Avg % SP/LP 100.02 97.57 97.81 97.04 96.68

Lots in Flagstaff City Limits

Active: 182 Pending: 1 Sold: 33 Other: 58 Total: 274

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 0 $55,000 $112,000 0
Average 0 0.00 0 $369,480 $349,112 206
Median 0 $277,500 $309,900 171
Maximum 0 0.00 0 $2,490,000 $750,000 766
Total Dollar Value $11,520,700
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 8 2 4 2 17
Breakdown % 24.24 6.06 12.12 6.06 51.52
Avg % SP/LP 98.56 93.67 96.14 95.22 94.78

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10/29/07 Weekly Update

November 12th, 2007

Single Family Homes In Flagstaff City Limits. 1,600-1,800 SF excluding high outliers

Active: 43 Pending: 0 Sold: 39 Other: 0 Total: 82

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 1.00 1,601 $209,900 $207,000 0
Average 3 2.02 1,693 $360,473 $345,644 95
Median 1,680 $365,000 $357,250 85
Maximum 4 3.00 1,800 $485,000 $435,000 290
Total Dollar Value $13,480,125
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 3 14 7 5 10
Breakdown % 7.69 35.90 17.95 12.82 25.64
Avg % SP/LP 97.76 96.94 97.06 97.46 96.45

Residential Homes over $1,000,000 in Flagstaff City Limits

Active: 93 Pending: 0 Sold: 19 Other: 0 Total: 112

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 0.00 1,766 $1,025,000 $1,000,000 14
Average 4 3.57 3,948 $1,540,829 $1,496,526 169
Median 3,773 $1,365,000 $1,300,000 138
Maximum 5 5.00 6,400 $5,450,000 $4,100,000 962
Total Dollar Value $28,434,000
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 2 1 3 3 10
Breakdown % 10.53 5.26 15.79 15.79 52.63
Avg % SP/LP 89.91 98.46 80.06 91.23 93.35

Condos in Flagstaff City Limits

Active: 67 Pending: 24 Sold: 152 Other: 0 Total: 243

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 486 $95,000 $91,994 0
Average 2 1.64 865 $187,592 $177,487 142
Median 888 $179,000 $175,500 130
Maximum 3 2.50 1,429 $297,447 $285,577 356
Total Dollar Value $26,978,063
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 20 23 15 9 85
Breakdown % 13.16 15.13 9.87 5.92 55.92
Avg % SP/LP 98.10 99.21 99.46 99.15 96.92

Townhomes in Flagstaff City Limits

Active: 104 Pending: 3 Sold: 83 Other: 0 Total: 190

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 827 $149,900 $162,000 0
Average 3 2.37 1,512 $304,385 $293,768 108
Median 1,449 $298,250 $288,000 89
Maximum 4 3.50 2,732 $546,095 $538,595 396
Total Dollar Value $24,382,712
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 5 18 17 10 33
Breakdown % 6.02 21.69 20.48 12.05 39.76
Avg % SP/LP 100.03 97.73 97.88 97.04 96.92

Lots in Flagstaff City Limits

Active: 176 Pending: 1 Sold: 29 Other: 56 Total: 262

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 0 $55,000 $112,000 0
Average 0 0.00 0 $368,223 $338,748 201
Median 0 $275,500 $309,900 172
Maximum 0 0.00 0 $2,490,000 $750,000 766
Total Dollar Value $9,823,700
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 7 2 3 2 15
Breakdown % 24.14 6.90 10.34 6.90 51.72
Avg % SP/LP 98.21 93.67 95.61 95.22 93.54

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Weekly Update 10-22-07

October 25th, 2007

Single Family Homes In Flagstaff City Limits. 1,600-1,800 SF excluding high outliers

Active: 46 Pending: 0 Sold: 37 Other: 0 Total: 83

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 1.00 1,601 $209,900 $207,000 0
Average 3 2.05 1,693 $363,557 $346,328 87
Median 1,678 $365,000 $360,000 72
Maximum 4 3.00 1,800 $485,000 $435,000 290
Total Dollar Value $12,814,125
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 3 14 7 5 8
Breakdown % 8.11 37.84 18.92 13.51 21.62
Avg % SP/LP 97.76 96.94 97.06 97.46 96.51

Residential Homes over $1,000,000 in Flagstaff City Limits

Active: 102 Pending: 0 Sold: 17 Other: 0 Total: 119

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 0.00 1,766 $1,025,000 $1,000,000 6
Average 4 3.57 3,905 $1,517,722 $1,503,176 161
Median 3,731 $1,300,000 $1,300,000 129
Maximum 6 5.00 6,400 $5,450,000 $4,100,000 944
Total Dollar Value $25,554,000
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 2 1 3 3 8
Breakdown % 11.76 5.88 17.65 17.65 47.06
Avg % SP/LP 89.91 98.46 80.06 91.23 95.02

Condos in Flagstaff City Limits

Active: 69 Pending: 36 Sold: 150 Other: 19 Total: 274

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 486 $95,000 $91,994 0
Average 2 1.63 870 $189,022 $177,675 135
Median 895 $179,938 $175,500 118
Maximum 3 2.50 1,524 $297,447 $285,577 365
Total Dollar Value $26,651,298
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 19 23 15 9 84
Breakdown % 12.67 15.33 10.00 6.00 56.00
Avg % SP/LP 97.99 99.21 99.46 99.15 96.89

Townhomes in Flagstaff City Limits

Active: 116 Pending: 5 Sold: 77 Other: 29 Total: 227

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 827 $149,900 $162,000 0
Average 3 2.38 1,547 $312,511 $292,463 109
Median 1,465 $300,000 $287,500 91
Maximum 4 3.50 2,800 $546,095 $538,595 396
Total Dollar Value $22,519,666
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 2 18 16 10 31
Breakdown % 2.60 23.38 20.78 12.99 40.26
Avg % SP/LP 100.09 97.73 98.06 97.04 97.04

Lots in Flagstaff City Limits

Active: 200 Pending: 1 Sold: 31 Other: 57 Total: 289

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 0 $55,000 $112,000 0
Average 0 0.00 0 $407,072 $332,700 198
Median 0 $299,900 $310,000 175
Maximum 0 0.00 0 $9,900,000 $750,000 748
Total Dollar Value $10,313,700
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 6 2 3 2 18
Breakdown % 19.35 6.45 9.68 6.45 58.06
Avg % SP/LP 98.56 93.67 95.61 95.22 93.42

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Weekly Update 10-15-07

October 15th, 2007

Single Family Homes In Flagstaff City Limits. 1,600-1,800 SF excluding high outliers

 Active: 48  Pending: 2  Sold: 35  Other: 0  Total: 85

   Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  Days on Market
 Minimum  2   1.00   1,601   $209,900   $207,000   0 
 Average  3   2.05   1,689   $363,184   $345,118   87 
 Median     1,678   $365,000   $357,250    74 
 Maximum  4   2.50   1,800   $456,000   $435,000   290 
 Total Dollar Value           $12,079,125   
 
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
   0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days 
 No. of Listings   3    13    7    4    8 
 Breakdown %   8.57    37.14    20.00    11.43    22.86 
 Avg % SP/LP   97.76    97.01    97.06    97.85    96.51 

Residential Homes over $1,000,000 in Flagstaff City Limits

Active: 106 Pending: 0 Sold: 19 Other: 0 Total: 125

Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 2 0.00 1,766 $1,046,000 $1,000,000 0
Average 4 3.58 3,944 $1,529,730 $1,479,817 159
Median 3,751 $1,350,000 $1,300,000 119
Maximum 6 5.00 6,400 $5,450,000 $4,100,000 934
Total Dollar Value $28,116,530
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 3 1 3 3 9
Breakdown % 15.79 5.26 15.79 15.79 47.37
Avg % SP/LP 85.60 98.46 80.06 91.23 94.90

Condos in Flagstaff City Limits

Active: 72 Pending: 38 Sold: 152 Other: 18 Total: 280
Bedrooms Bathrooms Square Feet List Price Selling Price Days on Market
Minimum 0 0.00 486 $95,000 $91,994 0
Average 2 1.64 871 $189,693 $178,798 132
Median 900 $183,872 $176,000 119
Maximum 3 2.50 1,524 $297,447 $285,577 365
Total Dollar Value $27,177,26