Flagstaff Condo Rpt

  Flagstaff Condominium and Townhome Sales for 07 and 08

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FIRST QUARTER STATISTICS -  FLAGSTAFF ARIZONA, Condos and Townhomes, 2007-2008
Jan - March
Sold Avg. SF High Price Low Price Avg Orig* Avg list Avg Sale Avg Pr/sf Avg DOM LP/SP
2007 95 1224 $572,666 $133,106 $265,436 $261,310 $256,448 $208.95 94 98.14%
2008 48 2044 $475,000 $134,900 $248,750 $248,618 $243,643 $207.31 118 98.00%
First Quarter:  Average Price/SF Dropped .78% from 2007 to 2008
*Original Price is the original list price/ List price is the final price before receiving an offer.            
 SECOND QUARTER STATISTICS - FLAGSTAFF, ARIZONA - Condos and Townhomes - 2007 & 2008
April - June
Sold Avg. SF High Price Low Price Avg Orig* Avg list Avg Sale Avg Pr/sf Avg DOM LP/SP
2007 129 129 $530,000 $112,035 $233,205 $230,205 $226,579 $212.43 128 98.25%
2008 70 1368 $429,000 $117,900 $255,554 $248,734 $243,359 $190.46 121 97.84%
Second Quarter:  Average Price/SF Dropped 10.3% from 2007 to 2008
THIRD QUARTER STATISTICS - FLAGSTAFF ARIZONA,  Condos and Townhomes, 2007 & 2008
July - Sept
Sold Avg. SF High Price Low Price Avg. Orig* Avg list Avg Sale Avg Pr/sf Avg DOM LP/SP
2007 127 1099 $559,900 $91,944 $238,567 $233,873 $227,595 $202 160 97.32%
2008 97 1203 $442,000 $97,020 $370,433 $232,539 $224,686 $193 115 96.62%
Third Quarter:  Average Price/SF Dropped 4.2% from 2007 to 2008
FOURTH QUARTER STATISTICS, FLAGSTAFF, ARIZONA, Condos and Townhomes, 2007-2008
Oct - Dec
Sold Avg. SF High Price Low Price Avg. Orig* Avg list Avg Sale Avg Pr/sf Avg DOM LP/SP
2007 68 1099 $398,000 $121,500 $231,968 $221,006 $221,006 $204.40 114 97.31%
2008 40 1242 $395,000 $99,000 $219,376 $212,566 $204,371 $175.77 127 96.15%
Fourth Quarter:  Average Price/SF Dropped 14% from 2007 to 2008
TOTALS - Flagstaff Condos and Townhomes Only
Sold Avg Sale Pr. Avg. Pr/SF
2007 419 $232,907 $206.84
2008 255 $177,973 $191.64
7.28% % drop in Price/sf in Condos and Townhomes from 2007 to 2008