AUGUST 2013 FLAGSTAFF LUXURY MARKET UPADTE

Looking at the Flagstaff Luxury real estate market 2013 versus 2012, August 2013’s volume increased by 311.7% over august 2012 while the Median Sales Price increased only 3.4% to 1,447,500. The big story this year seems to be a dramatic increase in the volume of sales of 2012. The years to date figures show a total of 15 sales for 2013 versus only 9 for 2012. This represents a 35.7% increase in 2013 volume. On a sad note, the Median Sales Price is down by 10% versus to $1,260,000 versus $1,400,000 for 2012. I am not sure why prices are down thus far but my gut tells me that prices will increase by a fair amount next year. Time will tell. As always, thank for reading. Your comments are welcome and appreciated. Kindly keep me in mind for your home buying needs and referrals.
Cheers
Gregg Munson
Associate Broker

Click the following link to view the full report: http://www.greggmunson.com/Doc.aspx?f=1525658&t=August-2013-Luxury-Market-Updatepdf