SEPTEMBER 2013 FLAGSTAFF MARKET UPDATE

Hi All: I just ran the numbers for September 2013 versus September 2012 and, as has been the norm for this year, the numbers are up again. A review of the statistics reveals the following *:
The number of Sold Listings for September 2013 is up 37.1% versus 2012.
The Dollar Volume of Sold Listings is up 49.5% versus 2012.
The Median Sale Price is up 19.5% to $328,500 versus 2012.

The year to date totals reveals the following statistics:

The number of Sold Listings year to date is up 15.5% over 2012.
The Dollar Volume of Sold Listings is up 24.4% versus 2012.
The Median Sale Price is up 17% to $310,000 versus $265,000 in 2012.

In sum, the market is looking great and I expect 2014 to be even a better year for price appreciation. Flagstaff real estate is still down considerably from the market top so we should have a great deal of appreciate to look forward to. As always, thanks for reading. Your comments are welcome. Please remember me for your real estate business and referrals. I look forward to being of assistance.
Cheers
Gregg Munson
Associate Broker

Click here to read the full report: http://www.greggmunson.com/Doc.aspx?f=1542173&t=September-2013-Single-Family-Market-Updatepdf

*This data is based upon single family home sales in the city of Flagstaff. Condos, Townhomes and mobile home values are not included in the data. I will be happy to provide other reports upon request.

ARIZONA DAILY SUN NEWSPAPER ARTICLE ON FLAGSTAFF REAL ESTATE

HI All: I hope everyone is having a great fall. I just thought you may have some interest in reading an article that our local newspaper published regarding our real estate market. It just confirms what I can been saying. Hope you find the article of value.
Cheers
Gregg Munson

Click to read the article: http://azdailysun.com/news/local/august-home-prices-again-top-k-in-flagstaff/article_c643a9e4-2800-11e3-a0c3-001a4bcf887a.html

NEW AND NOTABLE LUXURY PROPERTIES FOR SALE

Why list your property(s) with Russ Lyon Sotheby’s International Realty? Whether you have a condo or a castle, you will get the same treatment and exposure to our local Flagstaff real estate market or world-wide markets. The following link gives an example. Thinking of selling? Call me and allow me to show you the difference in what real marketing means: Click to view the link: http://sirluxuryrealestate.com/

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

AUGUST 2013 FLAGSTAFF REAL ESTATE MARKET UPDATE

Summer is drawing to an end, the kids are back in school and it’s been a hot year for the Flagstaff real estate market thus far. Looking at the numbers versus 2012, 2013 has turned in an impressive performance. If we compare August of this year versus August of last year, Flagstaff single family home sales are up 54.5% with the median home price up 23.8% to $325,000.00. The year to date total sales are up 24.9% versus year to date totals for 2012 and the median home price is up $17.5%. A vast improvement in my opinion. You can access the details report by clicking on the link below. As always, thanks for reading. Please keep me in mind for your real estate needs and referrals.
Cheers
Gregg Munson
Associate Broker

Click to read the full report: http://www.greggmunson.com/Doc.aspx?f=1523877&t=August-2013-SFD-Market-Updatepdf

UNIVERSITY TERRACE IN FLAGSTAFF AZ TO GET 20 NEW CUSTOM AND SEMI CUSTOM HOMES

University Terrace is a new community of 20 private, forested home sites on the West side of Flagstaff AZ. This fine home sites will be built with custom and semi custom homes constructed by Capstone Homes of Flagstaff. There will be both single and multi-level homes with two and three car garages. Floor plans, pricing and lot choice will be coming soon. Please contact Gregg Munson for more information at 928.853.4289 or Email at: Gregg@GreggMunson.com

HOME PRICE EXPECTATION SURVEY FROM THE PROS

Hi All: From the Bulls to the Bears, the professionals say home prices will go up through 2017. The attached charts show projections along with year to date actual appreciation. This information was provided by Nikki Groff with Wallick and Volk lenders here in wonderful Flagstaff AZ. As always, your comments are welcome. Thanks for reading. Gregg Munson
Click to read the charts which may take a minute or so to load: http://www.greggmunson.com/Doc.aspx?f=1518416&t=Master-Mind-August-2013pdf

FLAGSTAFF LUXURY MARKET UPDATE

The health of the Flagstaff luxury market really seems to be improving versus 2012. I can’t wait until the month is over so that I can prepare the new report. Thus far 2013 is looking good. I will have the update report online shortly after the end of the month. Stay tuned and don’t hesitate to contact me prior is you need valuations on a specific area and help finding that dream home.
Cheers
Gregg Munson

FLAGSTAFF LUXURY REAL ESTATE MARKET UPDATE JULY 2013

As my curiosity got the best of me, I wanted to run the numbers to see how the Flagstaff luxury real estate market* has performed year to date versus the same period for last year. Prior to running the numbers, my assumption was that the market would be up considerably as I, myself, have seen a great deal of activity on my high end listings versus last year. After running the number, I was surprised to find the following: Year to date, volume of sold listings is up only 2.9% but the big surprise is that the Median Sales Price is down 17.2% to $1,242,500.00. It doesn’t make much sense to me as activity has been great. It will be interesting to see how the year ends up. My gut tells me that we will still end on a high note as I am seeing lots of buyers out there for the high end. To read the full report, please click on the link below and remember to contact me if you are interested in buyer or selling. Thanks for reading. As always, your comments are welcome.
Cheers
Gregg Munson
Associate Broker

Click to view the full report: http://bit.ly/1e5WXdN

• Luxury real estate defined as single family homes sold at $1,000,000 and higher.

THE MEDIAN PRICE FLAGSTAFF HOME BACK OVER $300,000

Flagstaff real estate agents are calling the month of June a trifecta for home sales in Flagstaff. – The median price surged past $300,000 for the first time since 2009. – The number of sales crossed the century mark for the first time since 2006. – The average price per square recovered to 2010 levels. Click the following link to read the full article: http://bit.ly/18urqFi