2010 Overall Numbers
Add CommentAdd Comment
no photo
Article By:

For 2010 there were a total of 721 house sales in the greater Flagstaff region, reported in the Northern Arizona MLS, versus 728 in 2009 and 671 in 2008. The highpoint was in 2005 when there were a total of 1210 sales. So for the past 3 years, sales have basically been holding flat while prices have continued to drop.

The median sales price in 2010 was $280,000 which was down -10% from the 09 figure of $309,950 and off -26% from the top of the market in 2006 when the median sales price was $379,000. For comparison purposes, the median price per-square-foot paid for a house in 2010 was $148 vs. $213 in 06, off a little over 30%, and very close to 04 prices.

Observations:

1) For 2010, Foreclosures and Short-Sales accounted for 35% of total sales.

2) Inventory levels of houses for-sale, have dropped to a 10.5 month supply.

3) Median sale prices, on both a monthly and quarterly basis, are close to 03 levels.

Credit: Steve Brighton, Century 21 Flagstaff Realty

Comments (0)