News & Events « Timberline Place Condos

Flagstaff Real Estate Summary 1998-2008

Year

2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998

Average Price

$437,529
$436,511
$455,422
$394,050
$298,213
$259,769
$238,772
$217,503
$203,138
$184,204
$176,220

Appreciation

1% (on the rise)
-4%
13%
24% (Wow!)
13%
8%
9%
7%
9%
4%
3%

Avg Days on Market

131
116
99
85
193
142
119
122
138
143
147


*The last ten years in the Flagstaff area the average appreciation has been estimated at 10%. The last negative depreciation was in 2007. With an appreciation of 1% and rising in 2008, this is the time to buy!

Source: Northern Arizona MLS, Report is based on Residential Single Family Homes. Appreciation figures calculated on statistics as provided by the Northern Arizona MLS.

Presented by: Russ Lyon Realty Company of Flagstaff.


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